Posts in category Business Standard
IRM Energy IPO subscribed 4.36 times on second day of subscription (19-10-2023)
The Initial Public Offering (IPO) of city gas distribution company IRM Energy was subscribed 4.36 times on the second day of the offer on Thursday.
The Rs 545.40 crore-initial share sale received bids for 3,32,69,235 shares against 76,24,800 shares on offer, as per data available on the NSE.
The category for non-institutional investors was subscribed 9.08 times while the quota for Retail Individual Investors (RIIs) received 4.36 times subscription and the portion for Qualified Institutional Buyers (QIBs) got subscribed 1.18 times.
The IPO is a fresh issue of up to 1.08 crore equity shares. The offer is in the price range of Rs 480-505 per share.
IRM Energy Ltd on Tuesday said it has raised over Rs 160 crore from anchor investors.
Proceeds from the issue to the tune of Rs 307.26 crore will be used to fund capital expenditure requirements for the development of the city gas distribution network at Namakkal and Tiruchirappalli in Tamil Nadu and Rs 135 crore for payment of debt.
Besi
Over 1,000 HP cops fell victim to crypto fraud, quit jobs to promote it (19-10-2023)
Over a thousand police personnel fell victim to a fake local cryptocurrency created by fraudsters in Himachal's Mandi district, an official said on Thursday.
A majority of the police personnel who invested in the fake cryptocurrency were duped of crores of rupees, but some of them made huge gains, became promoters of the scheme, and roped in more investors for it, according to investigators of the Special Investigation Team (SIT) constituted to probe the scam.
According to police, at least one lakh people have been duped by the fraudsters in the cryptocurrency fraud, and 2.5 lakh IDs have been found which included multiple IDs of the same person.
To get investors, the scammers launched two cryptocurrencies 'Korvio Coin' (or KRO) and DGT Coin' and created fake websites with manipulated prices of these digital currencies.
They lured the initial investors by promising them high returns in a short span of time. They also created a network of investors, who further expanded the chain
Dollar steady ahead of Fed Chair remarks, underpinned by higher US yields (19-10-2023)
"Other majors have been more stable, even as yields continue to move higher. Maybe there is some caution ahead of Powell later in the day"
Sebi speeds up NFO approval process, move comes as boost for newer players (19-10-2023)
Industry players said the pendency of applications has reduced drastically compared to last year. In several cases, NFOs have managed to obtain regulatory clearances in less than a month
HDFC Securities sees BSE sustaining 3 times gain on derivatives boost (19-10-2023)
Shares of BSE on Thursday closed at a new record high of Rs 1,545, with a gain of 3.85 per cent over its previous close
HDFC Securities sees BSE sustaining 3 times gains on derivatives boost (19-10-2023)
Shares of BSE on Thursday closed at a new record high of Rs 1,545, with a gain of 3.85 per cent over its previous close
This PSU stock is down 10% for 2nd day after 51% rally in preceding 4 days (19-10-2023)
In the past two days, the stock of the public sector undertaking (PSU) company has declined 19 per cent
This PSU stock is down 10% for 2nd day after 51% rally in preceding 4 days (19-10-2023)
In the past two days, the stock of the public sector undertaking (PSU) company has declined 19 per cent
MMTC at lower circuit, sinks 19% in 2 days on reports govt may wind it down (19-10-2023)
From its 52-week low of Rs 26.4 touched on April 28 this year, the stock had leaped 237 per cent to a new 52-week high of Rs 89 on October 17, Tuesday
Shakti Pumps zooms 20% on Rs 1,603-crore order win from MSEDCL (19-10-2023)
The company has received a Letter of Empanelment from MSEDCL for 50,000 Off-Grid SPWPS pumps for the entire state of Maharashtra