Posts in category Business Standard
Gopal Snacks, 2 other firms get Sebi’s nod to raise fund through IPO (12-02-2024)
Gopal Snacks Ltd, piping solutions provider Dee Development Engineers and construction firm SRM Contractors have received Sebi's go-ahead to raise funds through initial public offering (IPO).
The three companies, which filed their preliminary IPO papers with the markets regulator between October and November 2023, obtained its observations during February 7-9, an update with the Securities and Exchange Board of India (Sebi) showed on Monday.
In Sebi's parlance, receiving observations from the regulator means its go-ahead to float the maiden public issue.
According to the draft red herring prospectus (DRHP), Gopal Snacks' proposed issue is entirely an Offer For Sale (OFS) of equity shares worth Rs 650 crore by promoters and other selling shareholders.
The OFS comprises sale of shares worth up to Rs 100 crore by Bipinbhai Vithalbhai Hadvani, up to Rs 540 crore by Gopal Agriproducts Pvt Ltd and up to Rs 10 crore by Harsh Sureshkumar Shah.
Founded in 1999, Gopal Snacks is a fast-movin
Board of Brookfield India Real Estate Trust recommends final dividend (12-02-2024)
Of Rs 4.75 per share
Board of Elgi Equipment approves VRS (12-02-2024)
At meeting held on 12 February 2024
Index of industrial production gains 3.8% on year (12-02-2024)
Powered by Capital Market - Live News
Consumer price inflation softens to 5.10% on year in January 2024 (12-02-2024)
Powered by Capital Market - Live News
RBI’s Central Board of Directors reviews global and domestic economic situation and outlook (12-02-2024)
Powered by Capital Market - Live News
Market plunges as indices close below key levels; NSE VIX above 16 mark (12-02-2024)
The stock market bore witness to steep declines on Monday as benchmark indices closed below key levels. The Nifty settled below the 21,650 mark after hitting days high of 21,831.70 in early trade. Initial optimism gave way to rampant selling, primarily driven by a surge in exchange margin requirements, particularly impacting mid and small cap positions. Notable declines were observed in PSU banks, although the pharma and IT sectors managed to weather the storm.
Entero Healthcare Solutions IPO subscribed 19% (12-02-2024)
The offer received bids for 13.85 lakh shares as against 71.50 lakh shares on offer.
Arihant Superstructures consolidated net profit declines 21.75% in the December 2023 quarter (12-02-2024)
Sales rise 3.94% to Rs 119.23 crore
Le Lavoir standalone net profit declines 6.67% in the December 2023 quarter (12-02-2024)
Sales decline 37.50% to Rs 0.45 crore