Posts in category Business Standard
MFs can generate Rs 3 trn arsenal every year to counter FPI flows: Kotak MF (14-12-2023)
MFs emerged as a key support for the market in the calendar year 2022 amid a sharp pullout by foreign investors
Government bonds, rupee gain post US Federal Reserve meet outcome (14-12-2023)
Traders expect the benchmark yield to trade between 7.10-7.25 per cent in the near term, given the positive sentiment
DOMS Industries IPO receives 15.16 times subscription on day two of offer (14-12-2023)
The initial share sale of pencil maker DOMS Industries received 15.16 times subscription on the second day of offer on Thursday.
The Rs 1,200 crore Initial Public Offer (IPO) received bids for 13,39,90,938 shares against 88,37,407 shares on offer, according to data available with the NSE.
The Retail Individual Investors (RIIs) part received 41.07 times subscription while the quota for non-institutional investors got subscribed 25.77 times. The category for Qualified Institutional Buyers (QIBs) got subscribed 1.18 times.
The IPO has a fresh issue of up to Rs 350 crore and an offer for sale component of Rs 850 crore.
Price range for the offer is Rs 750-790 a share.
The IPO of DOMS Industries got fully subscribed within hours of opening for bidding on Wednesday and finally ended the day with 5.71 times subscription.
DOMS Industries has raised Rs 538 crore from anchor investors.
Funds raised through the fresh issue would be used for setting up a new manufacturing facility to expand
RIL, Lloyds Metals and Capri Global shine in Motilal Oswal wealth study (14-12-2023)
Adani Enterprises emerges as top 'all-round' wealth creator from 2018-23
India’s Nov Russian oil imports hit 4-month high, up 3% from Oct: Report (14-12-2023)
Last month, India overall imported about 4.5 million bpd oil, a decline of about 4.5% from October and a growth of 13% over the same month last year, the data showed
SAT quashes Sebi order in ‘dark fibre’ case, slashes penalties on NSE (14-12-2023)
Tribunal also slashes penalties levied on Chitra and Anand Subramanian
SAT quashes Sebi order in ‘dark fibre’ case, slashes penalties on NSE (14-12-2023)
Tribunal also slashes penalties levied on Chitra and Anand Subramanian
SAT quashes Sebi order in ‘dark fibre’ case, slashes penalties on NSE (14-12-2023)
Tribunal also slashes penalties levied on Chitra and Anand Subramanian
Azad Engineering receives Sebi’s approval to raise Rs 740 crore IPO (14-12-2023)
Azad Engineering Ltd has received capital markets regulator Sebi's go-ahead to raise Rs 740-crore through an initial public offering (IPO).
The Hyderabad-based firm, which filed its preliminary IPO papers in September, obtained the regulator's observation letter on December 5, an update with the Securities and Exchange Board of India (Sebi) showed on Thursday.
In Sebi's parlance, obtaining its observation letter means its go-ahead to float an IPO.
According to the draft papers, the company's IPO comprises a fresh issue of up to Rs 240 crore and an offer for sale (OFS) of equity shares aggregating up to Rs 500 crore by a promoter and investors.
The OFS consists of sale of equity shares aggregating up to Rs 170 crore by promoter Rakesh Chopdar, Rs 280 crore by Piramal Structured Credit Opportunities Fund, and Rs 50 crore by DMI Finance.
Proceeds from the fresh issue will be used for funding capital expenditure of the company, payment of debt, and general corporate purposes.
Azad ..
Auto component maker Happy Forgings to launch Rs 1,008 crore IPO on Dec 19 (14-12-2023)
Auto components maker Happy Forgings Ltd on Thursday fixed a price band of Rs 808 to 850 per share for its Rs 1,008 crore-Initial Public Offering (IPO).
The maiden public issue will open for subscription from December 1921, and the anchor book will be opened for a day on December 18.
The IPO comprises a fresh issue of equity shares worth Rs 400 crore and an Offer For Sale (OFS) of up to 71.6 lakh shares by a promoter and a selling shareholder.
Paritosh Kumar Garg (HUF) and India Business Excellence Fund III are the selling shareholders in the OFS.
Proceeds from the fresh issue will be utilised towards the purchase of equipment, plants, and machinery, the payment of debt and a portion of the funds will also be used for general corporate purposes.
Half of the issue size has been reserved for qualified institutional buyers, 35 per cent for retail investors, and the remaining 15 per cent for non-institutional buyers.
Investors can bid for a minimum of 17 equity shares and in multiple