Spot gold was steady at $1,822.20 per ounce by 0948 GMT, while U.S. gold futures dropped 0.2% to $1,838.40
Posts in category Business Standard
Sensex, Nifty50 close at dip as US treasury yields hit highest since 2007 (04-10-2023)
Market participants also exercised caution ahead of the Reserve Bank of India’s upcoming monetary policy announcement
Updater Services makes muted market debut, falls 6% below issue price (04-10-2023)
Shares of integrated facilities management company Updater Services Ltd made a muted market debut on Wednesday, ending the day with a discount of nearly 6 per cent, against the issue price of Rs 300.
The stock made its debut at Rs 299.90, lower by 0.03 per cent from the issue price on the BSE. During the day, it declined 6 per cent to Rs 282. The stock ended at Rs 283.85 apiece, down 5.38 per cent.
On the NSE, the stock listed at Rs 285, down 5 per cent from the issue price.
During the day, it declined 6 per cent to Rs 282. Shares of the company ended at Rs 283 per piece, down 5.66 per cent.
The company commanded a market valuation of Rs 1,893.36 crore.
In volume terms, 1.86 lakh shares of the company were traded on the BSE and over 22.98 lakh shares were traded on the NSE during the day.
The initial public offer of Updater Services was subscribed 2.90 times on the final day of subscription last week.
The Rs 640 crore-IPO had a fresh issue of equity shares aggregating up to Rs 4
India Inc raises 4.6 times more capital via QIP in H1FY24, shows data (04-10-2023)
Equity issuance in the first half reached Rs 73,747 crore, marking a 69 per cent increase year-on-year
Calm Vix index seen flaring up in wake of Lok Sabha elections in 2024 (04-10-2023)
Despite experiencing sharp intraday fluctuations in recent sessions, the VIX index has consistently settled below 12
Three companies file draft papers with Sebi to raise funds via IPOs (04-10-2023)
Three companies — Indo Farm Equipment Ltd, Vibhor Steel Tubes Ltd, and Saraswati Saree Depot Ltd — have filed preliminary papers with capital markets regulator Sebi to raise funds through Initial Public Offerings (IPOs).
Shares of these companies will be listed on the BSE and the NSE, as per draft papers filed with the Securities and Exchange Board of India (Sebi) on September 28 and 29.
The proposed IPO of Indo Farm Equipment comprises fresh issue of 1.05 crore equity shares and an Offer For Sale (OFS) of 35 lakh equity shares by promoter Ranbir Singh Khadwalia.
Proceeds from the fresh issue will be used to set up new dedicated unit for expansion of the company’s pick and carry cranes manufacturing capacity, payment of debt, investment in the company’s NBFC subsidiary Barota Finance.
Indo Farm Equipment manufactures tractors, pick and carry cranes, and other farm equipment.
Vibhor Steel Tubes’ maiden public issue is entirely a fresh issue of equity shares worth Rs 66.47 crore.
Adani Group shares in focus; Adani Enterprises up 5% as IHC hikes stake (04-10-2023)
In an exchange filing with the BSE, AEL said Green Vitality RSC had on Tuesday, Oct 3, acquired an additional 643,134 equity shares representing 0.06% total equity in the company from the open market.
Avenue Supermarts soars 5% in weak market post Q2 business update (04-10-2023)
The company reported an 18.51% YoY increase in its standalone revenue from operations at Rs 12,308 crore in the September quarter
Updater Services makes weak debut; lists 5% below issue price (04-10-2023)
Shares got listed at Rs 285, a 5 per cent below its issue price of Rs 300 per share on the National Stock Exchange.
Nestle India surges 4% in weak market on stock split, interim dividend plan (04-10-2023)
Nestle India said the board will meet on October 19 to consider a stock split and interim dividend.