Posts in category Business Standard
JNK India’s Rs 650 crore IPO subscribed 1.03 times on day 2 of offer (24-04-2024)
The initial public offer of heating equipment maker JNK India got fully subscribed on the second day of subscription on Wednesday.
The Rs 650 crore initial share sale received bids for 1,14,14,556 shares against 1,10,83,278 shares on offer, translating into 1.03 times subscription, as per NSE data.
The portion for non institutional investors got subscribed 1.25 times, while the category for Retail Individual Investors (RIIs) received 1.13 times subscription. The quota for Qualified Institutional Buyers (QIBs) got subscribed 68 per cent.
The Initial Public Offer (IPO) of JNK India received 49 per cent subscription on the first day of bidding on Tuesday.
The IPO has a fresh issue of up to Rs 300 crore and an offer for sale of up to 84,21,052 equity shares.
Those offloading shares in the OFS are promoters Goutam Rampelli, Dipak Kacharulal Bharuka, JNK Heaters Co Ltd, and Mascot Capital and Marketing Pvt Ltd, and a shareholder Milind Joshi.
The IPO is in a price range of Rs 395-415 a
Board of Equitas Small Finance Bank approves change in directorate (24-04-2024)
At meeting held on 24 April 2024
Shyam Metalics & Energy launches SEL Tiger Foil (24-04-2024)
Shyam Metalics & Energy unveiled its latest development, the "SEL Tiger Foil". Crafted with a deep dedication to preserving food freshness and increasing sustainability, SEL Tiger Foil is a testament of excellence in household food safety. Driven by the strong demand and a projected 7.4% CAGR growth in the aluminum foil segment by 2030, Shyam Metalics is poised to benefit from increased demand and business opportunities in this sector.
Invesco agrees to pay Rs 5 cr to Sebi for settlement in MF violation case (24-04-2024)
In an inspection conducted in 2021, the market regulator found that there was no clear segregation of activities between portfolio management activities and mutual fund activities of the firm
TCS enters into strategic agreement with AWS (24-04-2024)
To offer cloud modernization programs for customers
Board of Axis Bank approves raising funds up to Rs 55,000 cr (24-04-2024)
At meeting held on 24 April 2024
Shares defy global worries, Nifty climbs past 22,400 for a 4-day win streak (24-04-2024)
The barometer index, the S&P BSE Sensex, was up 114.49 points or 0.16% to 73,852.94. The Nifty 50 index added 34.40 points or 0.15% to 22,402.40.
Board of Hindustan Unilever approves continuation of agreement with PT. Unilever Oleochemical Indonesia (24-04-2024)
At meeting held on 24 April 2024
MAS Financial Services consolidated net profit rises 23.28% in the March 2024 quarter (24-04-2024)
Sales rise 24.15% to Rs 345.75 crore
Board of Hindustan Unilever appoints director (24-04-2024)
At meeting held on 24 April 2024