Posts in category Business Standard
Asian stocks drop after 6-day winning streak; Chinese shares decline (26-01-2024)
A gauge of US-listed Chinese companies slipped Thursday amid declines for Baidu Inc, Yum China Holdings Inc. and Alibaba Group Holding Ltd
BLS E-Services IPO opens on Jan 30; price band set at Rs 129-135 per share (26-01-2024)
Technology-backed service provider BLS E-Services Ltd has set a price band of Rs 129-135 per share for its initial public offering (IPO), that will open for bidding on January 30.
The issue will open for public subscription on January 30, and close on February 1, 2024, a company release said.
The firm is offering up to 2.3 crore equity shares, excluding pre-IPO placement in the offering.
Anchor investor bidding will be on January 29, it added.
Investors can bid for a minimum of 108 equity shares and in multiples of 108 thereafter, the company said.
"The company proposes to utilise net proceeds from fresh issue of equity shares to strengthen its technology infrastructure to develop new capabilities and consolidate its existing platforms; funding initiatives for organic growth by setting up of BLS Stores; achieving inorganic growth through acquisitions; and general corporate purposes," it said.
Republic Day 2024: Indian stock market to remain closed on January 26 (26-01-2024)
The markets will also remain closed for the next two days on account of weekend holidays. This means the trading will resume on Monday, January 29
Faasos, Behrouz Biryani’s parent Rebel Foods aiming to get listed in 2025 (26-01-2024)
With this, Rebel Foods would become the country's first cloud kitchen business to go public
Gold falls Rs 50, silver jumps Rs 700; yellow metal trading at Rs 62,950 (26-01-2024)
The price of 22-carat gold witnessed a fall of Rs 50, with the yellow metal selling at Rs 57,700
Sebi streamlines reporting norms for depository participants, custodians (25-01-2024)
Markets regulator Sebi on Thursday streamlined the reporting requirements for designated depository participants and custodians.
The decision has been taken after reviewing various reports submitted by the Designated Depository Participants (DDPs) and custodians in order to have uniform compliance standards, for ease of compliance reporting and for regulatory purposes.
In a circular, the Securities and Exchange Board of India (Sebi) said that reports about Foreign Portfolio Investors (FPIs) non-compliant with legal entity identifier requirements and FPIs who have not submitted granular beneficial ownership details should be submitted on a quarterly basis.
Various other reports also need to be submitted to the regulator.
Sebi has provided the reporting requirements along with periodicity in the circular.
The reports should be on monthly, quarterly, half-yearly and annual basis as specified by the regulator.
"The monthly and quarterly reports shall be uploaded within 15 calendar d
Four companies get Sebi’s approval to raise funds by launching IPOs (25-01-2024)
Entero Healthcare Solutions, JNK India, Exicom Tele-Systems and Akme Fintrade (India) have received markets regulator Sebi's approval to raise funds through initial public offerings.
However, the Securities and Exchange Board of India has returned the IPO papers of Stallion India Fluorochemicals.
As per the processing status of draft offer documents till January 19, the watchdog has approved the initial public offering (IPO) of the four companies.
These four firms, which had filed their preliminary papers with the markets watchdog between June and October, obtained observation letters on January 16-19, an update with the Securities and Exchange Board of India (Sebi) showed on Thursday.
In Sebi's parlance, obtaining observation letters means its go-ahead to launch an IPO.
Going by the draft papers of Entero Healthcare Solutions, the IPO comprises a fresh issue of equity shares worth up to Rs 1,000 crore and an Offer For Sale (OFS) component of up to 85.57 lakh equity shares.
Those
Sebi pushes timeline for verification of market rumours to June 1 (25-01-2024)
The top 100 listed companies will now have to confirm, deny, or verify reports in the media from June 1, while the timeline for the top 250 listed companies has been moved to December
Nova Agritech IPO subscribed 33.82x on Day 2; NII category booked 71.19x (25-01-2024)
The Initial Public Offering (IPO) of Nova Agritech Ltd, a manufacturer of agricultural inputs, got subscribed 33.82 times on the second day of subscription on Wednesday.
The IPO received bids for 85,96,22,815 shares against 2,54,14,746 shares on offer, as per NSE data.
The category for Non-Institutional Investors (NIIs) received 71.19 times subscriptions, while the portion for Retail Individual Investors (RIIs) subscribed 36.19 times. Qualified Institutional Buyers (QIBs) part got subscribed 1.12 times.
The IPO comprises a fresh issue of equity shares worth up to Rs 112 crore and an Offer For Sale (OFS) component of 77.58 lakh equity shares by a shareholder Nutalapati Venkatasubbarao, who owns an 11.9 per cent stake in the company.
On Friday, Nova Agritech had raised a little over Rs 43 crore from anchor investors. It has set a price band of Rs 39-41 per share for the issue.
At the upper end of the price band, the maiden public issue is expected to mobilise Rs 143.81 ...
Tech Mahindra slips 6% as investors book profit post Q3FY24 results (25-01-2024)
Ahead of the result, the stock rallied 13 per cent in two weeks. It had hit a 52-week high of Rs 1,416 on January 23