Aditya Birla Sun Life Mutual Fund garnered a commitment of Rs 893 crore for its India Equity Services Fund
Posts in category Business Standard
Cyient DLM IPO subscribed 67.30 times on last day of subscription (30-06-2023)
The Initial Public Offer (IPO) of electronic manufacturing services firm Cyient DLM got subscribed 67.30 times on the last day of subscription on Friday amid an overwhelming interest from investors.
The share sale got bids for 89,73,16,952 shares against 1,33,32,297 shares on offer, according to an update available with NSE.
The quota for Qualified Institutional Buyers (QIBs) received 90.44 times subscription while the category for Retail Individual Investors (RIIs) got subscribed 49.20 times. The portion for non-institutional investors got subscribed 45.05 times.
The IPO had a fresh issue aggregating up to Rs 592 crore. There was no offer-for-sale (OFS) component.
The company’s IPO had a price band of Rs 250-265 a share.
Cyient DLM had mobilised Rs 260 crore from anchor investors.
Funds raised through the IPO would be utilised for funding incremental capital requirements, capital expenditure, debt payment, achieving inorganic growth through acquisitions as well as general corpo
Drone maker ideaforge Technology IPO subscribed whopping 106 times (30-06-2023)
Drone maker ideaforge Technology’s initial public offer was subscribed whopping 106.05 times on the closing day of subscription on Friday, helped by huge participation from investors.
The Rs 567.24-crore initial share sale received bids for 49,30,29,570 shares against 46,48,870 shares on offer, as per NSE data.
The Qualified Institutional Buyers (QIBs) category was subscribed a huge 125.81 times. The portion for Retail Individual Investors (RIIs) fetched 85.16 times subscriptions and the non-institutional investors part got subscribed 80.58 times.
The Initial Public Offer (IPO) has a fresh issue aggregating up to Rs 240 crore and an offer for sale of up to 48,69,712 equity shares.
The price range for the offer was Rs 638-672 a share.
Of the total proceeds from the fresh issuance, Rs 50 crore will be utilised for debt payment, Rs 135 crore towards funding the working capital gap, Rs 40 crore for investment in product development and the remaining amount for general corporate …
Sensex, Nifty log biggest gains in three months amid supportive global cues (30-06-2023)
According to experts, apart from the positives on the overall macro level, the jubilation in the market was driven by positive data from the US
Hospitality firm PKH Ventures IPO subscribed 6% on day 1 of offer (30-06-2023)
The initial share sale of construction and hospitality firm PKH Ventures got subscribed 6 per cent on the first day of subscription on Friday.
The IPO received bids for 15,59,400 shares against 2,56,32,000 shares on offer, according to NSE data.
The category for Retail Individual Investors (RIIs) received 13 per cent subscription while the portion for non institutional investors got subscribed 10 per cent.
The public issue of up to 2,56,32,000 equity shares of face value of Rs 5 each has a fresh issue of up to 1,82,58,400 shares and an Offer for Sale (OFS) of up to 73,73,600 shares by its promoter, Pravin Kumar Agarwal.
The company through its IPO will fetch Rs 358.85 crore and Rs 379.35 crore at the lower and the upper ends of the price band, respectively.
Price range for the offer is Rs 140-148 a share.
The initial public offering (IPO) will conclude on July 4.
The Mumbai-based company has three business verticals — construction and management, hospitality, and management …
MCX shares tumble 9% after 63 Moons get software support contract (30-06-2023)
Shares of MCX tumbled nearly 9 per cent on Friday after the commodity exchange extended its software support contract with 63 Moons Technologies for a higher fee.
The stock fell 8.65 per cent to settle at Rs 1,499.85 apiece on the BSE. During the day, it tanked 12.47 per cent to Rs 1,437.
On the NSE, it dived 8.65 per cent to end at Rs 1,500.10 per share.
However, shares of 63 Moons jumped 12.66 per cent to end at Rs 244.20 each on the BSE. On the NSE, the company’s stock surged 12 per cent to settle at Rs 243 per piece.
In separate stock exchange filings on Thursday, Multi Commodity Exchange of India Ltd and 63 moons said the contract has been extended for a period of six months starting July 1.
The contract has been renewed at a consideration of Rs 125 crore per quarter, which would translate into Rs 250 crore for the six-month period.
On the other hand, 63 moons, formerly known as Financial Technologies India Ltd, said it has “once again agreed to the eleventh-hour request by
Crypto wrap: Bitcoin continues to stay over $30,000, Ethereum above $1,800 (30-06-2023)
Among the most important developments in crypto markets was the King of England’s assent to the UK’s Financial Services and Markets Act
HDFC twins near 52-week highs ahead of Board meet; stocks up 4% this week (30-06-2023)
Shares of HDFC Bank and HDFC Ltd gained 2 per cent each in Friday’s intra-day trade ahead of their Board meeting to finalise merger date
JK Tyre surges 10% on completion of first phase of capacity expansion (30-06-2023)
On Friday, June 30, the stock surpassed its previous high of Rs 213.50, touched on December 9, 2022
Sebi pause on ‘total expense ratio’ sets off rally in AMC shares (30-06-2023)
Sebi chairperson says industry will be pleased with the fresh proposal