At present, it takes six working days (T+6) for an IPO to list
Posts in category Business Standard
NSE cautions investors against their money in any assured returns scheme (09-08-2023)
The National Stock Exchange on Wednesday cautioned investors against putting their money in any assured returns scheme offered by four individuals.
The four individuals are Amit Mishra and Shivam Chauhan associated with Go Algo, and Kajal Patel and Alpesh Patel associated with KK Advisories.
They (Amit, Shivam, Kajal and Alpesh) were providing securities market tips for trading and assuring returns on investment in the stock market and also offering to handle the trading account of investors by asking them to share their credentials, NSE said in two separate statements.
According to statements, these persons are not registered either as a member or authorised persons of any registered member of the bourse.
Cautioning the investors, the exchange asked them not to subscribe to any such scheme or product offered by any person or entity offering guaranteed returns in the stock market as the same is prohibited by the law.
The exchange has also provided a facility to investors of …
Sebi reduces timeline for listing shares to T+3 from T+6 from December 1 (09-08-2023)
The Securities and Exchange Board of India (Sebi) said that with T as the issue-closing date, the securities will now have to be listed on T+3 day versus the current T+6 day
SIP inflows top Rs 15,000 crore, help offset redemption pressure (09-08-2023)
Smallcap schemes continue to be a big draw
TVS Supply Chain Solutions prepares for IPO after 29 yrs from Aug 10 (09-08-2023)
TVS Supply Chain Solutions, a part of TVS Mobility Group, is gearing up for the initial share sale that would be open for public subscription from August 10 onwards, officials said on Wednesday.
The city-based company is hitting the capital market after a gap of nearly 29 years, Executive Vice-Chairman R Dinesh said.
“I think the last time when we raised (funds) was in 1994…,” he told reporters.
The price band has been fixed at Rs 187-197 for the Rs 880 crore initial public offering (IPO), valuing the company at Rs 8,700 crore.
The initial share sale comprises Rs 600 crore of fresh issue and Rs 280 crore sale by the promoters. The IPO would be open for subscription during August 10-14, he said.
At the upper end of the price band, the IPO is expected to fetch Rs 880 crore. From the issue’s proceeds, Rs 525 crore will be used for pre-existing debt repayment and its subsidiary TVS LI UK.
A portion of the fund would also be used for “inorganic growth” and general corporate …
India equity MF inflows drop in July as large-caps drag: Industry data (09-08-2023)
While the benchmark Nifty 50 rose 2.94% in July, it was outpaced by a 5.5% gain in the Nifty mid-cap 100 and an 8% increase in the Nifty small-cap 100. All three indexes hit record highs that month
Kalyan Jewellers jumps 5% to hit record high on solid Q1 results (09-08-2023)
So far this calendar year, the stock of this Kerala-based company surged 49 per cent, as against an 8 per cent rise in the S&P BSE Sensex
Kalyan Jewellers jumps 5% to hit record high on solid Q1 results (09-08-2023)
So far this calendar year, the stock of this Kerala-based company surged 49 per cent, as against an 8 per cent rise in the S&P BSE Sensex
Adani Wilmar slips 5% on report Adani Enterprises looking to exit company (09-08-2023)
Adani Enterprises is exploring selling its stake in its consumer-staple joint venture with Wilmar International Ltd., freeing up capital for their core business, Bloomberg reported
Adani Wilmar slips 5% on report Adani Enterprises looking to exit company (09-08-2023)
Adani Enterprises is exploring selling its stake in its consumer-staple joint venture with Wilmar International Ltd., freeing up capital for their core business, Bloomberg reported