Markets remained volatile and ended slightly lower, taking a breather after Tuesday’s decline
Posts in category Business Standard
Nifty Pvt Bank, Auto indices: Check resistance, support & other key levels (24-10-2024)
The Nifty Private Banks Index is currently experiencing a downward trend, supported by short-term moving averages, all of which are sloping downwards
Deepak Builders’ IPO gets subscribed 41.54 times on last day of offer (23-10-2024)
The initial public offer of engineering and construction company Deepak Builders & Engineers India Ltd received 41.54 times subscription on the last day of the share sale on Wednesday.
The Rs 260 crore share sale got bids for 37,24,76,076 shares against 89,67,061 shares on offer, according to an update on the NSE.
The non-institutional investors part fetched 82.47 times subscription while the quota for Retail Individual Investors (RIIs) got subscribed 39.79 times. The portion for Qualified Institutional Buyers (QIBs) attracted 13.91 times subscription.
The Initial Public Offer (IPO) of Deepak Builders & Engineers India Ltd received 4.12 times subscription on the first day of the share sale on Monday.
The IPO has a fresh issue of up to 1.07 crore equity shares and an offer for sale of up to 21,10,000 equity shares.
The price range for the offer is fixed at Rs 192-203 per share.
Fedex Securities Private Ltd is the book-running lead manager to the offer.
Meeting of Parl PAC to be held tomorrow, Sebi chief to appear: Report (23-10-2024)
The meeting will be held in Delhi on Thursday at 11 am. The PAC is headed by K C Venugopal of the Congress
Gold, silver prices hit new lifetime highs on wedding season demand (23-10-2024)
Gold prices jumped by Rs 500 to an all-time high of Rs 81,500 per 10 grams while silver surged Rs 1,000 to Rs 1.02 lakh per kg
Lulu Retail Holdings set to launch $1.8-bn IPO; largest in UAE for this yr (23-10-2024)
Firm, controlled by Kerala business tycoon MA Yusuff Ali, counts India as a major sourcing destination
Investors subscribe Waaree Energies’ IPO 76.34 times offer size on last day (23-10-2024)
The initial public offer of solar panel maker Waaree Energies Ltd garnered 76.34 times subscription on the last day of share sale on Wednesday, helped by strong participation from institutional buyers.
The Rs 4,321.44 crore initial share sale received bids for 1,60,91,61,741 shares against 2,10,79,384 shares on offer, as per NSE data.
The quota for Qualified Institutional Buyers (QIBs) got a whopping 208.63 times subscription. The non-institutional investors part attracted 62.48 times subscription and Retail Individual Investors (RIIs) portion got subscribed 10.79 times.
The initial share sale received one of the highest ever number of applications at Rs 97.34 lakh. The public offer attracted subscription of over Rs 2.41 lakh crore.
Waaree Energies on Friday said it has mobilised Rs 1,277 crore from anchor investors.
The issue has a price band of Rs 1,427 to Rs 1,503 per share.
The IPO is a combination of a fresh issue of equity shares aggregating to Rs 3,600 crore and an Offer F
SBFC Finance announces ratings action for ABS of Prime Trust LAP Aug 22 (23-10-2024)
SBFC Finance announced that the rating as follows has been affirmed by India Ratings & Research Private Limited for pass-through certificates (PTCs) issued by Prime Trust LAP Aug 22 [SPV under ABS transaction] originated by SBFC Finance backed by a pool of asset-backed securities.
Computer Age Management Services opens second office at GIFT City, Gandhinagar (23-10-2024)
GIFT city is an emerging dynamic hub for both Global and Indian funds to tap into global markets. CAMS was one of the first RTAs to be fully operational in GIFT city, having set up its office in 2021. The scaling up with a second and larger office at the new premises is well aligned to the global expansion and evolving growth plans of its clients. CAMS’s expansion in this dynamic hub offers numerous advantages for clients such as a supportive regulatory and infrastructural environment, global connectivity and streamlined administrative processes in a business-friendly setting.