The Reserve Bank of India stated in its monthly bulletin that September is set to be the busiest month for IPOs mainboard and SME in 14 years, with over 28 companies entering the market so far. In the primary equity market, there is a surge of interest in small and medium enterprises (SMEs) initial public offerings (IPOs), including from domestic mutual funds, with massive oversubscriptions. 54 per cent of IPO shares allotted to investors were sold within a week of listing. RBI further noted that a growing number of listed companies are turning to qualified institutional placements for raising capital, estimated at around ₹60,000 crore in the first eight months of 2024. With intermittent corrections on global cues, benchmark indices in the secondary market have moved up, and the outlook remains bullish.
Posts in category Business Standard
HFCL up 6%, at 52-wk high on deal to supply drone parts to General Atomics (23-09-2024)
HFCL is developing drone detection radar, which is expected to become a crucial element in modern drone detection systems.
US stocks end narrowly mixed; DOW at fresh record (23-09-2024)
US stocks moved mostly lower early in the session on Friday but regained ground over the course of the trading day. The major averages climbed well off their worst levels of the day before eventually closing narrowly mixed. While the Dow inched up 38.17 points or 0.1 percent to a new record closing high of 42,063.36, the S&P 500 slipped 11.09 points or 0.2 percent to 5,702.55 and the Nasdaq fell 65.66 points or 0.4 percent to 17,948.32. Even with the mixed performance on the day, the major averages all posted strong gains for the week. The Dow shot up by 1.6 percent, while the Nasdaq and the S&P 500 jumped by 1.5 percent and 1.4 percent, respectively.
SBFC Finance hits life high as CARE upgrades co’s bank facilities’ ratings (23-09-2024)
SBFC Finance’s long-term fund-based term loan of Rs 2,100 crore was upgraded to ‘AA-‘ with a stable outlook by CARE, while the rating on its Rs 1,400-crore bank facility was upgraded and withdrawn
Doms Inds acquires majority stake in Uniclan Healthcare (23-09-2024)
Doms Industries said that it has acquired 51.77% equity stake in Uniclan Healthcare to expand its distribution network.
Volumes soar at TVS Motor Company Ltd counter (23-09-2024)
TVS Motor Company Ltd clocked volume of 1.45 lakh shares by 10:48 IST on BSE, a 5.58 times surge over two-week average daily volume of 26071 shares
JSW Infrastructure acquires state-of-the-art dredger to support its expansion projects (23-09-2024)
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India’s business activity grows strongly in September (23-09-2024)
The index pointed to another rapid monthly increase in business activity, albeit one that was the least pronounced in 2024 so far. Softer expansions were seen across both the manufacturing and services sectors.
Arkade Developers IPO: 50% listing gain on cards? Check GMP, expected price (23-09-2024)
Arkade Developers shares are expected to make their market debut with listing on the BSE, and NSE tomorrow; here’s what GMP hints about listing
Fusion Finance tanks 10%, hits record low on higher ECL provisioning in Q2 (23-09-2024)
Fusion Finance said it may be required to make an estimated credit loss (ECL) provisioning between Rs 500 crore to Rs 550 crore in Q2FY25 as compared to Rs 348 crore provision in Q1FY25.