Posts in category Business Standard
Travel distribution firm TBO Tek eyes Rs 1K cr via IPO; issue to open May 8 (02-05-2024)
Travel distribution firm TBO Tek Ltd is looking to raise Rs 1,000 crore through its initial share sale, which will open for public subscription on May 8.
The Initial Public Offering (IPO) will conclude on May 10 and the bidding for anchor investors will open for a day on May 7, according to the Red Herring Prospectus (RHP).
The company's maiden public issue comprises a fresh issue of equity shares aggregating up to Rs 400 crore and an Offer-for-Sale (0FS) of up to 1.25 crore equity shares by promoters and investors.
According to market sources, OFS size could be around Rs 600 crore, taking the total IPO size to Rs 1,000 crore.
Those selling shares in the OFS are promoters -- Gaurav Bhatnagar, Manish Dhingra and LAP Travel -- and investors-- TBO Korea and Augusta TBO.
Proceeds from the fresh issue will be used for the growth and strengthening of the platform by adding new buyers and suppliers, and unidentified inorganic acquisitions, besides, a portion will be used for general ...
Pearl Polymers Ltd leads gainers in ‘B’ group (02-05-2024)
Max Estates Ltd, Ram Ratna Wires Ltd, Uravi T and Wedge Lamps Ltd and Sprayking Ltd are among the other gainers in the BSE's 'B' group today, 02 May 2024.
BHEL up 7%, hits 12-year high on pact with HIMA for railway signaling biz (02-05-2024)
he market price of BHEL has recovered 45 per cent from March month low of Rs 207.20. At 11:06 am; the stock was trading 3 per cent higher at Rs 290.60, as compared to 0.34 per cent rise in the S&P BSE
Federal Bank hits record high amid report KVS Manian may join as MD & CEO (02-05-2024)
Federal Bank news: According to reports, KVS Manian could replace Federal Bank's MD and CEO Shyam Srinivasan, whose term ends in the last week of September 2024
IFCI Ltd leads gainers in ‘A’ group (02-05-2024)
Kirloskar Pneumatic Company Ltd, Indiamart Intermesh Ltd, REC Ltd and MOIL Ltd are among the other gainers in the BSE's 'A' group today, 02 May 2024.
INR Quotes Just Under 83.50 Per US Dollar Mark (02-05-2024)
Indian Rupee is holding near record lows though a deep slide in crude oil prices recently is capping the weakness for INR. The local currency trades at 83.46, down 2 paise on the day amid an overall choppy range. WTI Crude oil tanked more than 3% yesterday to test six week low. The Indian manufacturing sector started the first fiscal quarter in a high gear, according to the latest HSBC PMI data. With sales expected to remain positive, buying levels were raised and input stocks lifted to one of the greatest extents seen in over 19 years of data collection. Despite falling from 59.1 in March to 58.8 in April, the seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) signaled the second-best improvement in the health of the sector for three-and-a-half years. The PMI was comfortably above both the neutral mark of 50.0 and its long-run average (53.9).
BSE Realty index down 1.5% in a firm market; Godrej Properties weighs (02-05-2024)
Real-estate stock update: Realty stocks were witnessing some profit-taking on Thursday, as the BSE Realty index has rallied over 23 per cent so far in 2024.
Vedant Fashions stock falls 3% post Q4 as analysts cautious on FY25 outlook (02-05-2024)
Vedant Fashions' profit came in at Rs 115.8 crore in Q4FY24, from Rs 108.9 crore in Q4FY23. The company's revenue soared 6.3 per cent to Rs 363.2 crore, from Rs 341.6 crore a year ago
Maruti Suzuki production climbs 17% YoY in March’24 (02-05-2024)
The car manufacturer announced that its total production increased 16.99% to 169,751 units in April 2024 as against 145,096 units recorded in April 2023.
Gallantt Ispat consolidated net profit rises 40.44% in the March 2024 quarter (02-05-2024)
Sales rise 7.58% to Rs 1177.39 crore