Stocks To Watch: Tata Steel has secured a £500 million grant from the UK government for the green steel project at its Port Talbot facility.
Posts in category Business Standard
Ajit Mishra of Religare Broking recommends buying these stocks on Sept 12 (12-09-2024)
We are seeing noticeable traction in the FMCG counters and ITC is trading in sync with the move. It has formed a buying pivot, after registering a breakout from bullish continuation pattern.
Nifty Auto at critical juncture, support seen at 25,150; more details here (12-09-2024)
Traders should closely monitor this level, as any breach could lead to further downside, and the market might see a sell-off in auto stocks.
Shubhshree Biofuels Energy IPO subscribed 120 times on final day of bidding (11-09-2024)
The initial public offer of Shubhshree Biofuels Energy got subscribed by a whopping 119.37 times on the last day of subscription on Wednesday.
The public offer of Shubhshree Biofuels Energy received bids for 11,91,82,800 shares against 9,98,400 shares on offer, according to the NSE data.
The initial public offering (IPO) of Shubhshree Biofuels Energy is entirely a fresh issue of 13.92 lakh shares. The company had fixed a price band at Rs 113-119 a share.
The company intends to utilise the proceeds of IPO to fund the capital expenditure towards the installation of additional plant and machinery, to meet the working capital requirements, and general corporate purpose.
Established in 2013, Jaipur-based Shubhshree Biofuels Energy supplies biomass fuels, including biomass pellets and briquettes, to customers operating in the recycled material, textile processing, pharmaceutical, metal, etc. sectors.
Meanwhile, the Rs 45.88-crore IPO of Aditya Ultra Steel subscribed 10.22 times on the f
India leads in crypto adoption for 2nd straight year, shows report (11-09-2024)
Report from blockchain analytics company Chainalysis which tracks adoption across four sub-categories in 151 countries, showed India ranked high on usage of centralized exchange finance assets
Auto parts maker Kross IPO gets subscribed 16.81 times on last day of bid (11-09-2024)
The initial share sale of auto parts manufacturer Kross Ltd got subscribed 16.81 times on the last day of subscription on Wednesday.
The public offer received bids for 25,80,21,618 shares against 1,53,50,877 shares on offer, according to data available with the NSE.
The portion for Qualified Institutional Buyers (QIBs) garnered 23.32 times subscription while the quota for non-institutional investors got subscribed 22.24 times. The Retail Individual Investors (RIIs) part received 10.76 times subscription.
Kross Ltd on Friday said it has mobilised Rs 150 crore from anchor investors.
The Jamshedpur-based company’s IPO is a combination of a fresh issue of equity shares worth Rs 250 crore and an Offer-for-Sale (OFS) aggregating up to Rs 250 crore by the promoters.
The OFS portion consists of equity shares to the tune of up to Rs 168 crore by Sudhir Rai and Rs 82 crore by Anita Rai.
The issue has a price band of Rs 228-240 per share.
Kross proposes to utilise the net proceeds of the f
ED seizes Rs 12.9 lakh in Axis Mutual Fund’s alleged front-running case (11-09-2024)
Front-running is a market malpractice of making personal gains by trading in securities ahead of large client orders
Bajaj Housing Finance: IPO aspirants face glitches, express on social media (11-09-2024)
Zerodha reported an average delay of two hours in generating the mandate, attributing the issue to the sponsor banks of the IPO
Bajaj Housing IPO sees record-breaking demand, garners 9 mn applications (11-09-2024)
Cumulative bids exceed Rs 3.24 trillion
Board of Hindustan Petroleum approves investment of Rs 2,212 cr in Visakh Raipur Pipeline Project (11-09-2024)
At meeting held on 11 September 2024