The price of 22-carat gold also fell Rs 10 with the yellow metal selling at Rs 57,590
Posts in category Business Standard
Here’s how to plan your trades in Nifty IT, Auto indices (14-02-2024)
According to Ravi Nathani, an independent technical analyst, the Nifty IT index seems range-bound on charts, while auto in a declining trend.
Vibhor Steel Tubes IPO garners 27.56 times subscription on Day 1 of offer (13-02-2024)
The initial public offer of steel pipes and tubes manufacturer Vibhor Steel Tubes got fully subscribed on the first day of bidding on Tuesday.
The IPO received bids for 9,89,99,604 shares against 35,92,445 shares on offer, garnering a 27.56 times subscription, as per NSE data.
The portion for non-institutional investors subscribed 48.28 times, while the quota for retail individual investors (RIIs) received 32.39 times subscription. The category for qualified institutional buyers (QIBs) got 3.56 times subscription.
On Monday, Vibhor Steel Tubes collected nearly Rs 22 crore from anchor investors.
The price band has been fixed at Rs 141-151 per share. The IPO will close on Thursday, February 15.
The Haryana-based Vibhor Steel Tubes’s initial public offering (IPO) comprises a fresh issue of equity shares with a face value Rs 10 each, aggregating to an issue size of up to Rs 72.17 crore, through book building route.
Proceeds from the issue will be utilised for working capital requirem
Portfolio management service schemes outperform in January, shows data (13-02-2024)
The analysis considered 97 schemes which have the Nifty 50 Total Returns Index as its benchmark. Around 73 outperformed in January
Sebi cautions investors against unregistered cos promising assured returns (13-02-2024)
Capital markets regulator Sebi on Tuesday cautioned investors against placing money with unregistered entities promising assured or exceptionally high returns on investments.
While investing in the securities market, investors have been asked to conduct due diligence, verify the registration status of any entity claiming to be a Sebi-registered intermediary, and also verify enforcement action taken by the regulator against any entity.
“Investors should be cautious of any entity that promises assured or exceptionally high returns. The principle of ‘higher returns come with higher risks of losing your money altogether’ holds true in the securities market,” Sebi said in a statement.
It further said that investments offering high returns usually involve high risk, including fraud risk, and there can be no guarantees of assured returns in the securities market.
This cautionary statement came after the Securities and Exchange Board of India (Sebi) observed a rising trend of unscrupulous
Investors subscribe Entero Healthcare IPO 1.53 times on final day of offer (13-02-2024)
The initial share-sale of Entero Healthcare Solutions got subscribed 1.53 times on the final day of subscription on Tuesday.
The Rs 1,600 crore-Initial Public Offering (IPO) got bids for 1,09,49,884 shares against 71,50,100 shares on offer, as per NSE data.
The category for Qualified Institutional Buyers (QIBs) got subscribed 2.28 times, while the quota for Retail Individual Investors (RIIs) received 1.33 times subscription.
The portion for Non Institutional Investors received 22 per cent subscription.
The IPO was a combination of fresh issue of up to Rs 1,000 crore and an Offer For Sale (OFS) of up to 47,69,475 equity shares, aggregating up to Rs 600 crore at the upper end of the price band.
Price range for the offer was Rs 1,195-1,258 per share.
The healthcare products distributor collected Rs 716 crore from anchor investors on February 8.
Proceeds from the fresh issue will be used towards payment of debt, funding working capital requirements, pursuing inorganic growth initiat
Markets rebound as inflation eases; Sensex ends 483 points higher (13-02-2024)
The Sensex ended at 71,555, gaining 483 points, or 0.7 per cent while the Nifty ended at 21,743, with a gain of 127 points or 0.6 per cent
On a comeback trail, Franklin Templeton MF plans series of debt launches (13-02-2024)
Timeline not fixed yet, choice of fund will depend on investor demand, says the fund house
Bharti Airtel launches new stores in Vadodara (13-02-2024)
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Board of K.P. Energy approves allotment of 4.44 cr bonus shares (13-02-2024)
At meeting held on 13 February 2024