Post allotment, the paid up equity share capital has increased to Rs. 74,43,76,330/-(37,21,88,165 equity shares of face value of Rs. 2/- each fully paid up).
Posts in category Business Standard
Oil goes higher as halted Libyan exports levels expected Opec+ supply boost (02-09-2024)
News of increased production helped push oil prices lower last week but the scale of the sell-off was overdone, said Phil Flynn, an analyst at Price Futures Group
Markets extend record-winning run; Sensex, Nifty log new closing highs (02-09-2024)
Foreign investors bought shares worth Rs 1,735 crore, while domestic institutions too were buyers to the tune of Rs 356 crore
Maruti Suzuki India sells 1.81 lakh units in Aug’24 (02-09-2024)
Total sales in the month include domestic sales of 145,570 units, sales to other OEM of 10,209 units and exports of 26,003 units. The company’s domestic sales declined 8.26% while sales to other OEM and exports rose 76.32% and 5.64% respectively on year-on-year basis.
Markets regulator Sebi keeps JSW Cement’s Rs 4,000 cr IPO in ‘abeyance’ (02-09-2024)
Without specifying reasons, Sebi stated that the “issuance of observations (has been) kept in abeyance,” according to an update on its website on Monday
Tata Motors total sales decline 8% in Aug’24 (02-09-2024)
Total sales include domestic sales of 70,006 units, lower by 8% on YoY basis.
Oil India and Indra Dhanus Gas Grid collaborate to strengthen energy infra in North-East region (02-09-2024)
Sign agreement for connecting Oil India’s natural gas fields to IGGL’s pipeline
Hero MotoCorp sells 5.12 lakh units in month of Aug’24 (02-09-2024)
Domestic sales during the month stood at 492,263 units. Month sales were marginally impacted by supply shortages, which will be made up in September.
Crompton completes LED street lighting project for NHAI road project in Bengaluru (02-09-2024)
Crompton Greaves Consumer Electricals has completed a landmark LED street lighting project on Bengaluru’s Satellite Town Ring Road (STRR) in partnership with SNC (Shankaranarayana Construction) for National Highways Authority of India (NHAI) – NH648. This transformative initiative marks a significant step towards enhancing road safety along key national highways.
54% IPO shares allotted to investors sold within a week, shows Sebi study (02-09-2024)
A study by markets regulator Sebi highlighted flipping behaviour among investors in the initial share-sale market with investors (excluding anchor) selling 54 per cent of IPO shares allotted to them by value within a week.
The study found a strong disposition effect (tendency to prematurely sell assets that have made financial gains) with investors showing a greater propensity to sell IPO shares that posted positive listing gains, compared to those that listed at a loss.
In light of the increasing participation of retail investors and the heightened oversubscription in recent IPOs, the Securities and Exchange Board of India (Sebi) conducted an in-depth study to analyze investor behaviour in main-board IPOs. The study encompasses data from 144 IPOs listed between April 2021 and December 2023.
During the study period, 144 IPOs collectively raised a total of Rs 2.13 lakh crore. Notably, 65 per cent of the total issue size was Offer for Sale (OFS), through which the pre-existing …