Posts in category Business Standard
Markets scale fresh peaks on rate cut bets, Sensex jumps 372 points (28-12-2023)
The Sensex began the session with a new high and rose to 72,484.34, to end at 72,410, a gain of 372 points or 0.5 per cent
Smallcap rush pushes hybrid funds to sidelines, show slowest account growth (28-12-2023)
The net inflows into hybrid schemes in 2023 (as of November) stood at Rs 78,200 crore. Arbitrage and equity savings accounted for 68 per cent of the total inflows
Sebi outlines rules for NPOs’ ‘zero coupon zero principal’ public issuance (28-12-2023)
Capital markets regulator Sebi on Thursday came out with a procedure for public issuance of 'zero coupon zero principle' instruments by not-for-profit organisations (NPOs) and listing of such instruments on the Social Stock Exchange (SSE).
Under this, the SSE will have to specify the details to be incorporated in the fundraising document.
In 2022, the government declared "zero coupon zero principal instruments" as securities.
In a circular, Sebi said that an NPO, through the lead manager, is required to file the draft fundraising document with the SSE and an application seeking in-principle approval for listing the instrument on the SSE.
The SSE will provide its observation on the draft fundraising document to the NPO within 30 days from the filing of the papers or receipt of clarification, if any, sought by the exchange from the NPO, whichever is later.
NPO will incorporate the observations of the SSE in a draft document and file the final papers to the SSE prior to opening the .
Fundraising through QIP shines, companies garner Rs 50,200 cr in 2023 (28-12-2023)
Fundraising through the issuance of shares to institutional investors skyrocketed, as companies raked in Rs 50,218 crore in 2023, marking a six-fold surge from the previous year and indicating a positive outlook among investors.
Apart from QIPs, fund mobilisation through rights issue of shares and OFS (Offer-for-Sale) route too surged in 2023, as compared to last year.
Market experts attributed the primary reason for the increase in Qualified Institutional Placement (QIP) fundraising to the market and investor sentiments that play an important role in their success.
As long as positive market vibes persist, and investors continue to reap returns, listed companies lean towards opting for fundraising through QIP as this avenue ensures swift access to funds, they added.
According to data by the National Stock Exchange (NSE), companies collected Rs 50,218 crore through QIPs in 2023, which was way higher than Rs 8,196 crore raised in the preceding year.
Bajaj Finance Ltd spearheaded th
FirstCry’s parent firm files DRHP; to raise Rs 1,816 crore via fresh issue (28-12-2023)
The Supam Maheshwari-led company proposes to utilize the Net Proceeds from the offer towards funding the expenditure for setting up new modern stores, a warehouse
GSK Pharma surges 7%, nears record high on healthy business outlook (28-12-2023)
Since November, the stock has appreciated by 36% after the company reported earnings improvement in Q2FY24 on strong demand for its vaccines and general medicine.
Firstcry’s parent firm Brainbees Solutions files papers to go public (28-12-2023)
Firstcry IPO: Brainbees Solutions will sell shares worth Rs 1,816 crore and existing investors, including SoftBank, will sell up to 54.4 million shares
KPI Green Energy zooms 9% on plans to consider second bonus issue in 2023 (28-12-2023)
Recently, the company also announced successful commissioning of two solar power projects totaling 17.35 MWp and 16.83 MWp for its respective clients.
HUDCO hits new peak, up 13% on Rs 14500 cr financing pact with Gujarat govt (28-12-2023)
Since November 1, the stock price of HUDCO has zoomed 74 per cent after Moody's Investors Service affirmed the Baa3 local- and foreign-currency issuer ratings of the company
Azad Engineering makes strong debut; lists at 37% premium over issue price (28-12-2023)
Azad Engineering IPO had received a robust response with the issue being subscribed 80.6 times. Sportsperson Sachin Tendulkar, PV Sindhu, Saina Nehwal and Nikhat Zareen are among shareholders.