Posts in category Business Standard
Pharma firm Valiant Lab IPO subscribed 29.75 times on last day of offer (03-10-2023)
The Initial Public Offering (IPO) of pharmaceutical ingredient manufacturing firm Valiant Laboratories received 29.75 times subscription on the last day of bidding on Tuesday.
The initial share sale received bids for 22,68,13,020 shares against 76,23,030 shares on offer, according to an update available with the NSE.
The portion for non-institutional investors was subscribed 73.63 times while the quota for qualified institutional buyers received 20.83 times subscription. Retail individual investors portion got subscribed 16.05 times.
The IPO was an entirely fresh issuance of up to 1.08 crore equity shares. Price range for the offer was Rs 133-140 a share.
Proceeds of the issue will be utilised to set up a manufacturing facility for speciality chemicals in Gujarat through its subsidiary -- Valiant Advanced Sciences Private Ltd -- and to meet the working capital requirements of the subsidiary company.
Valiant Laboratories is an active pharmaceutical ingredient or bulk drug manufactu
Plaza Wires IPO subscribed 27.78 times on day two of subscription (03-10-2023)
The Initial Public Offering (IPO) of Plaza Wires was subscribed 27.78 times on the second day of subscription on Tuesday.
The IPO received bids for 26,37,76,020 shares against 94,96,114 shares on offer, as per data available with the NSE.
The category for Retail Individual Investors (RIIs) was subscribed 118.24 times while the quota for non-institutional investors received 53.06 times subscription and the portion for Qualified Institutional Buyers (QIBs) got subscribed 42 per cent.
The offer is a fresh issue of up to 1,32,00,158 equity shares. The price range for the offer is Rs 51-54 a share.
The company is in the business of manufacturing, marketing and selling wires, aluminium cables and fast-moving electrical goods like electric fans and water heaters.
Plaza Wires has raised Rs 20 crore from anchor investors.
Pantomath Capital Advisors is the manager to the offer.
The equity shares of the company are proposed to be listed on the BSE and NSE.
Treasury yields kept dollar firmly on front foot as others currencies fall (03-10-2023)
The combination of that and an agreement to avert a partial U.S. government shutdown sent benchmark Treasury yields to as high as 4.706% on Tuesday, a 16-year peak, in turn driving the dollar higher
Polycab, Lodha seen migrating to large-caps; JSW Infra gains 32% on debut (03-10-2023)
Through the IPO, JSW Infrastructure raised Rs 2,800 crore in fresh capital, which it plans to use for paring its debt
Palm oil futures ends higher after 2 losing sessions as soyoil jumps (03-10-2023)
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market
JSW Infrastructure shares jump over 32% to settle at Rs 157 in debut trade (03-10-2023)
Shares of JSW Infrastructure, a part of JSW Group, on Tuesday made a remarkable market debut and ended with a premium of over 32 per cent against the issue price of Rs 119.
The stock made its debut at Rs 143, registering a jump of 20.16 per cent from the issue price on the BSE. It rallied 32.18 per cent to settle at Rs 157.30.
At the NSE, it listed at Rs 143. Shares of the company ended at Rs 157.30 apiece, climbing 32.18 per cent.
The company commanded a market valuation of Rs 33,033.02 crore.
In traded volume terms, 57.99 lakh shares of the company were traded at the BSE and over 12.21 crore shares at the NSE during the day.
In the equity market, the 30-share BSE Sensex declined 316.31 points or 0.48 per cent to settle at 65,512.10. The Nifty fell 109.55 points or 0.56 per cent to end at 19,528.75.
The Initial Public Offering (IPO) of JSW Infrastructure was subscribed 37.37 times on the last day of bidding on Wednesday.
The Rs 2,800-crore IPO had a price range of Rs 113-119 pe
Tata Asset Management sees value in large-cap stocks over smaller peers (03-10-2023)
"There are some managements (within these sectors) we are focusing on, which we believe can deliver," he said
Oil steadies on strong US dollar, darkening global macroeconomic outlook (03-10-2023)
Higher interest rates and a stronger dollar make oil more expensive for holders of other currencies, which could dampen oil demand
Gold extends slide as hawkish Federal Reserve, firm dollar dominate mood (03-10-2023)
The U.S. Labor Department's Job Openings and Labor Turnover Survey (JOLTS) report is expected at 1400 GMT. The September non-farm payrolls data is due on Friday
Steel Strips hits new high, up 5% on record net turnover in September (03-10-2023)
SSWL expects a sharp pull back of export demand with alloy exports being the key factor for Financial year 2023-24.