Posts in category Business Standard
Nifty Energy, Pharma reaching near resistance levels; Check how to trade (04-01-2024)
Resistance for Nifty Energy index is anticipated around 34,000 and 34,300, signifying potential areas where selling pressure may intensify, as per Ravi Nathani
Gold down by Rs 270, silver falls Rs 300, trading at Rs 78,600 per kg (04-01-2024)
The price of 22-carat gold was down by Rs 250, with the yellow metal selling at Rs 58,500
Stock Market Live: Sensex jumps 450 pts; Bajaj Finance, NTPC soar 4% (04-01-2024)
Stock market LIVE updates on January 4, 2024: Bajaj Finance was up nearly 4 per cent after its AUM crossed the Rs 3 lakh crore-threshold for the first time in Dec quarter
IT stocks decline amidst growth concerns pulls Indian equity benchmarks (03-01-2024)
Brokerages have been advising their clients to tread cautiously while taking positions in IT stocks, citing weakness in discretionary demand
SC directs govt, Sebi to consider suggestions on regulatory reforms (03-01-2024)
Expert committee formed to probe Adani matter had submitted a slew of suggestions in May 2023
Shree Tirupati Balajee Agro, Vraj Iron and Steel file IPO papers with Sebi (03-01-2024)
Shree Tirupati Balajee Agro Trading Company (STB), and Vraj Iron and Steel have filed their preliminary papers with Sebi to raise funds through initial share sales.
The Initial Public Offering (IPO) of STB comprises a fresh issuance of up to 1.30 crore equity shares and an Offer For Sale (OFS) of up to 36.45 lakh shares by its promoter Binod Kumar Agarwal, as per the Draft Red Herring Prospectus (DRHP).
In the case of Vraj Iron and Steel, the IPO will be entirely fresh issue of equity shares worth up to Rs 171 crore.
According to its DRHP, STB will use the net proceeds from the fresh issue towards debt repayment by the company and its subsidiaries -- Honourable Packaging Pvt Ltd, Shree Tirupati Balajee FIBC and Jagannath Plastics.
A portion of the proceeds will also be used towards funding the incremental working capital requirements of the company and general corporate purposes.
Madhya Pradesh-based STB is into manufacturing and supplying of Flexible Intermediate Bulk Container
SC judgment gives Sebi final say on securities violations: Law firms (03-01-2024)
For proxy advisory firm Institutional Investor Advisory Services (IiAS), the pending Supreme Court investigation was a matter of concern from the auditing point of view
Bajaj Auto board to consider share buyback on Jan 8, stock jumps over 5% (03-01-2024)
Under the Securities and Exchange Board of India (Sebi) regulations, the maximum limit for a buyback is 25 per cent or less of the paid-up capital and free reserves in that financial year
‘Average IPO size declines to Rs 867 cr in 2023 from Rs 1,483 cr in 2002’ (03-01-2024)
57 companies raised Rs 49,434 crore in 2023 through IPOs, 17 per cent lower than the previous year's Rs 59,302 crore raised by 40 IPOs
Jyoti CNC Automation’s IPO worth Rs 1,000 crore to open on January 9 (03-01-2024)
Gujarat-based Jyoti CNC Automation's initial public offering worth up to Rs 1,000 crore will open on January 9.
It will also be the first public issue of 2024 on the main board of leading stock exchanges BSE and NSE.
The company is planning to list its shares for the second time in nearly 10 years.
The three-day Initial Public Offering (IPO) of Jyoti CNC will close on January 11, while the anchor book of the offer will be launched for a day on January 8, as per the Red Herring Prospectus (RHP).
The price band for the offer is yet to be announced.
Last month, the company got approval from markets regulator Sebi to float the public issue.
The IPO is entirely a fresh issue of equity shares worth up to Rs 1,000 crore.
The proceeds from the issue would be used for debt payment, funding the long-term working capital requirements of the company, and general corporate purposes.
Jyoti CNC Automation is a leading manufacturer of Computer Numerical Control (CNC) machines. Its customers in