Posts in category Business Standard
IRM Energy collects Rs 160 crore from anchor investors ahead of IPO (17-10-2023)
City gas distribution company IRM Energy Ltd on Tuesday said it has raised over Rs 160 crore from anchor investors ahead of its initial share sale that opens for subscription on Wednesday.
The company has decided to allot 31.75 lakh equity shares to 12 funds at Rs 505 apiece, which is also the upper end of the price band, aggregating the transaction size to Rs 160.35 crore, according to a circular uploaded on the BSE website.
Foreign investors and domestic institutions -- Quant Mutual Fund, SBI General Insurance Company HDFC Life Insurance Company, DSP MF, ITI MF, BOI MF, Nippon AIF, and PNB Metlife -- were the anchor investors.
The IPO is a fresh issue of up to 1.08 crore equity shares. The offer also includes reservation for subscription by eligible employees, and a discount of Rs 48 per equity share is being offered to such employees.
At present, the promoters own 67.94 per cent stake in the company, with the majority being held by Cadila Pharmaceuticals (49.50 per cent), and th
Govt may divest 7% stake in Hudco, Torrent Pharma’s promoters get exemption (17-10-2023)
Sebi has granted open offer exemption to the promoters of Torrent Pharma and Torrent Power
Govt to sell up to 7% stake in HUDCO through an offer for sale this week (17-10-2023)
The plan includes selling 3.5% of the company, with an option to sell an additional 3.5% if the offer is oversubscribed
Wipro likely to lag peers with dismal 1.3% yearly revenue growth in Q2FY24 (17-10-2023)
Wipro Q2 results preview: Revenue is pegged to rise 1.34 per cent YoY to Rs 22,842 crore. This will be nearly flat against the June quarter
Newgen Software soars 14%, hits new high on strong September quarter result (17-10-2023)
The company said the healthy earnings were driven by strong growth in the banking and financial services segment across geographies
JPMorgan index-bound Indian bonds lure foreigners, but flows to start later (17-10-2023)
"This pace, however, may not sustain at least in the immediate future as globally investors will eye developments in the Middle East conflict and what impact it could have on oil prices"
Karur Vysya Bank surges 7% post record Q2 profit; stock hits 6-year high (17-10-2023)
The bank reported its highest-ever quarterly profit of Rs 378 crore for the quarter ended September 2023, up 51 per cent from a year ago period.
Gold price falls Rs 340 to Rs 60,110, silver unchanged at Rs 74,100 (17-10-2023)
The price of 22-carat gold fell Rs 310, with the yellow metal selling at Rs 55,100
Sensex snaps 3-day losing run, gains 261 pts in broad-based rally (17-10-2023)
Closing Bell on Tuesday, October 17, 2023: On the National Stock Exchange (NSE), the Nifty50 shut shop 80 points, or 0.40 per cent, higher at 19,812.
Stocks to Watch today: HDFC Bank, Grasim, JFS, Sugar, Ceat, SpiceJet, BoM (17-10-2023)
Stocks to watch on Oct 17, 2023: HDFC Bank reported a 50 per cent jump in net in its first results after merger with HDFC; Jio Financial posted 100 per cent growth in net post demerger from Reliance.