Posts in category Business Standard
Ola Electric to launch IPO, looks to raise Rs 5,500 cr via fresh share sale (22-12-2023)
The Issue is a fresh issue of equity shares up to Rs 5,500 crore and an offer for sale (OFS) of 95,191,195 equity shares at a face value of Rs 10
Azad Engineering subscribed 80.6 times, Tendulkar now owns 438,000 shares (22-12-2023)
Tendulkar now owns 438,000 shares, and the average acquisition price was Rs 114. The cricketing icon's stake is worth Rs 22.9 crore at the current issue price
Azad Engineering IPO receives 80.60 times subscription on last day offer (22-12-2023)
The initial share sale of Azad Engineering received 80.60 times subscription on the last day of offer on Friday.
The Initial Public Offer (IPO) got bids for 81,58,60,388 shares against 1,01,22,705 shares on offer, according to NSE data.
The portion for Qualified Institutional Buyers (QIBs) fetched a whopping 179.66 times subscription while the non-institutional investors part received 87.55 times subscription. The category for Retail Individual Investors (RIIs) got subscribed 23.71 times.
The IPO had a fresh issue of up to Rs 240 crore and an offer for sale of Rs 500 crore.
The IPO had a price range of Rs 499-524 a share.
Azad Engineering Ltd on Tuesday said it has collected Rs 221 crore from anchor investors.
Proceeds from the fresh issue will be used for funding capital expenditure of the company, payment of debt, and general corporate purposes.
Azad Engineering supplies products to global Original Equipment Manufacturers (OEMs) in the aerospace and defence, energy, and oil an
Asian fund managers more bullish on equities: Bank of America Survey (22-12-2023)
The return expectations are based on above-par earnings and supportive policy
Sebi proposes implementation of T+0 settlement cycle in two phases (22-12-2023)
The shorter settlement cycle of T+0 is being considered for the equity cash segment as an optional mechanism in addition to the current T+1 (Trade plus one day) cycle
Indices snap 7-week winning streak; Sensex, Nifty dip despite Friday gains (22-12-2023)
Profit booking after the excellent run was cited as the primary reason for this week's market rout
India has over 19 million crypto investors with 75% youth: Report (22-12-2023)
Major metro cities such as Delhi, Bengaluru, and Mumbai account for over one-fifth of the total value of crypto investments in the country
Crypto wrap: Bitcoin gains on Argentina’s endorsement, ETF anticipation (22-12-2023)
Experts suggest that Bitcoin may soon reach the $48,000 level if the momentum persists
Oil extends weekly gains, up 1% as tensions over Red Sea attacks persist (22-12-2023)
More maritime carriers are avoiding the Red Sea due to attacks on vessels carried out by the Houthi militant group, who say they are responding to Israel's war in Gaza
Shri Balaji Valve Components IPO opens Wed: Price band at Rs 95-100/share (22-12-2023)
Steel products maker Shri Balaji Valve Components on Friday said it has fixed a price band of Rs 95-100 per share for its Initial Public Offering (IPO).
The issue will open for public subscription on December 27 and conclude on December 29, the company said in a statement.
The public issue is entirely a fresh issue of 21.6 lakh equity shares, it said.
At the upper end of the prices, the company aims to raise about Rs 21.60 crore from the public issue.
The company's shares are scheduled on the BSE-SME segment.
The sole book-running lead manager to the issue is Hem Securities Ltd, while Bigshare Services is the registrar for the IPO.
Proceeds from the issue will be utilised in funding capital expenditure towards the installation of additional plants and machines, meeting working capital requirements, and general corporate purposes.
Pune-based Shri Balaji Valve Components is into manufacturing of valve components for industries like power, construction, oil and gas, and pharma.