Inflows via SIP cross Rs 1,000 cr; Share in total SIP inflows nears 5%
Posts in category Business Standard
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Afcons Infrastructure IPO gets subscribed 36% on second day of offer (28-10-2024)
The initial public offering (IPO) of Shapoorji Pallonji Group’s flagship infrastructure engineering and construction firm Afcons Infrastructure received 36 per cent subscription on the day two of the share sale on Monday.
The initial share sale received bids for 3,15,57,920 shares against 8,66,19,950 shares on offer, as per NSE data.
The portion for non-institutional investors fetched 72 per cent subscription while the category for retail individual investors (RIIs) got subscribed 36 per cent. The qualified institutional buyers (QIBs) part received 8 per cent subscription.
Afcons Infrastructure Ltd (AIL) on Thursday said it has mopped up Rs 1,621 crore from anchor investors.
The Rs 5,430-crore IPO will remain open till Tuesday. The price band has been fixed at Rs 440-463 per share.
The IPO is a combination of a fresh issue of shares worth Rs 1,250 crore and an offer for sale (OFS) of up to Rs 4,180 crore by promoter Goswami Infratech Pvt Ltd.
Currently, promoter and promoter grou
Swiggy aims to kick off $1.35 billion India IPO mid-next week: Report (28-10-2024)
The IPO will open for bids from Nov. 6, and the shares are expected to start trading from Nov. 13, according to the people, who asked not to be identified as the information is not public
NTPC Green Energy, Avanse Financial Services get Sebi’s nod to float IPOs (28-10-2024)
NTPC Green Energy — the renewable energy arm of NTPC, and Avanse Financial Services Ltd — an education-focused NBFC, has received Sebi’s go-ahead to raise funds through initial public offerings (IPOs), an update with the markets regulator showed on Monday.
NTPC Green Energy and Avanse Financial Services are looking to garner Rs 10,000 crore and Rs 3,500 crore through initial share-sales, respectively.
The two companies, which filed their preliminary IPO papers with Sebi between July and September, obtained their observations during October 22-23, the update showed.
In Sebi’s parlance, obtaining observations means its go-ahead to float the public issue.
NTPC Green Energy’s initial share-sale is entirely a fresh issuance of equity shares with no offer-for-sale (OFS) component, according to the draft red herring prospectus (DRHP).
Of the total proceeds, Rs 7,500 crore will be used to repay or prepay part or all of its subsidiary NTPC Renewable Energy Ltd’s (NREL) outstanding loans
Nifty PSU Bank index soars 4%; Indian Bank, BOB zoom up to 12% post Q2 nos (28-10-2024)
At 02:20 pm; the Nifty PSU Bank index was the top gainer among sectoral indices, up 4 per cent, as compared to 0.8 per cent rise in Nifty 50.
ACME Solar Holdings IPO: Key Highlights, financials, risks revealed in DRHP (28-10-2024)
As investors await further details from ACME Solar Holdings, here are the key takeaways from the Draft Red Herring Prospectus (DRHP) that the company submitted to the market regulator
Sejal Glass hits the roof after robust Q2 outcome (28-10-2024)
Sejal Glass hit an upper limit of 5% at Rs 535.60 after the company reported strong Q2FY25 results.
Ambuja Cements Q2 PAT drops 52% YoY to Rs 987 crore (28-10-2024)
The cement major’s consolidated net profit slipped 52.1% to Rs 472.89 crore in Q2 FY25 as against Rs 987.24 crore recorded in Q2 FY24.
Shakti Pumps hits 5% upper circuit as profit grows multi-fold in Q2 (28-10-2024)
Shares of Shakti Pumps were locked in a 5 per cent upper circuit at Rs 4,474.95 per share on the BSE in Monday’s intraday deals