Posts in category Business Standard
Heating equipment maker JNK India files draft papers with Sebi to float IPO (23-08-2023)
Heating equipment maker JNK India Ltd has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO).
The IPO comprises a fresh issue of equity shares worth up to Rs 300 crore and an Offer for Sale (OFS) of up to 84.21 lakh equity shares by promoters and an existing shareholder, according to the Draft Red Herring Prospectus (DRHP) filed on Tuesday.
Those offloading shares in the OFS are of promoters -- Goutam Rampelli, Dipak Kacharulal Bharuka, JNK Heaters Co. Ltd. and Mascot Capital and Marketing Pvt Ltd. -- and shareholder Milind Joshi.
The Mumbai-based company may consider an issue of equity shares aggregating up to Rs 60 crore in the pre-IPO placement round. If such placement is completed, the fresh issue size will be reduced.
Going by the draft papers, proceeds from the fresh issue to the tune of Rs 276 crore will be used for funding working capital requirements and a portion will also be used for general corporate ...
These Chandrayaan-3 linked firms gained ahead of successful moon touchdown (23-08-2023)
The mission received heightened attention after Russia's Luna-25 mission failed less than a week earlier
TVS Supply Chain shares settle 2% higher than issue price in debut trade (23-08-2023)
Shares of TVS Supply Chain Solutions Ltd, a part of TVS Mobility Group, ended with a premium of 2 per cent against the issue price of Rs 197 on the debut trade on Wednesday.
The stock was listed at Rs 206.30, up 4.72 per cent from the issue price on the BSE. During the day, it jumped 5.83 per cent to Rs 208.50.
Shares of the company ended at Rs 200.95, rising by 2 per cent.
At the NSE, it began the trade at Rs 207.05, registering a gain of 5.10 per cent. During the day, the stock rallied 5.88 per cent to Rs 208.60 before settling at Rs 201.10, registering an increase of 2 per cent.
The company commanded a market valuation of Rs 8,789.75 crore.
In terms of traded volume, 17.59 lakh shares were traded at the BSE and over 2.41 crore shares at the NSE during the day.
The Initial Public Offering (IPO) of TVS Supply Chain Solutions was subscribed 2.78 times last week.
The Rs 880-crore IPO had a price range of Rs 187-197 per share.
TVS Supply Chain Solutions is present in over 25 coun
Blue-chips rise on financials boost; small, mid-caps hit fresh highs (23-08-2023)
The Nifty 50 index settled 0.25% higher at 19,444, while the S&P BSE Sensex gained 0.33% to 65,433.30
RBI asks some banks to stop taking fresh arbitrage positions in NDF market (23-08-2023)
"The RBI has told us not to take new outright arbitrage positions," a senior trader at a private sector bank said
Everstone Capital exits SJS Enterprises by selling remaining 29.5% stake (23-08-2023)
The stake was bought by investors including some Indian mutual funds, an Everstone spokesperson said, adding that the firm made $66 million from the sale
From Jio Financial to Zerodha, Indian mutual fund managers going ‘passive’ (23-08-2023)
Fund houses have launched 23 passive funds so far this year, half the 45 launched in 2022 and well above 10 in 2019, data from Value Research shows
Print media multibagger stock hits 5-yr high; has zoomed 112% in 3 mths (23-08-2023)
Shares of DB Corp were locked in the upper circuit of 10% at Rs 255.30, its highest level since May 2018 on the BSE on Wednesday on expectation of a steady revenue growth in FY24
L&T, MTAR: Chandrayaan-3 component makers reach for the sky at the bourses (23-08-2023)
India is set to become the first country to land a spacecraft near the moon's south pole with Chandrayaan-3
HAL gains 3% to cross Rs 4,000-mark; stock touches fresh lifetime high (23-08-2023)
Thus far in the calendar year, the stock price of HAL has appreciated nearly 60 per cent, as compared to 6.8 per cent rise in the S&P BSE Sensex