The offer received bids for 6.96 crore shares as against 1.50 crore shares on offer.
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INR slips lower on disappointing macros; positive equities limit downside (02-09-2024)
The Indian rupee declined 7 paise to close at 83.92 (provisional) against the greenback on Monday on disappointing domestic macroeconomic data. India’s GDP growth for the April-June quarter of fiscal 2024-25 hit a 15-month low of 6.7 percent compared to 8.2 per cent in the year-ago period due to soft government spending and low consumer spending, according to data released by the National Statistical Office (NSO). However, positive domestic markets, wherein both the benchmark indices scaled lifetime high levels and foreign fund inflows cushioned the downside. The benchmark 30-share BSE Sensex ended the session up 194.07 points, or 0.24 percent, at 82,559.84, after having hit a record high of 82,725.28 during the intra-day trade. Similarly, the broader NSE Nifty index closed up by 42.80 points, or 0.17 percent, at 25,278.70 after hitting a new high of 25,333.65 in the morning. Moreover, easing crude oil prices and weakness of the American currency in the overseas market supported the .
Gala Precision Engineering IPO subscribed 10.83 times (02-09-2024)
The offer received bids for 2.40 crore shares as against 22.23 lakh shares on offer.
Indices hit new record highs; Nifty ends at 25,278.70; VIX rises over 14 (02-09-2024)
The barometer index, the S&P BSE Sensex gained 194.07 points or 0.24% to 82,559.84. The Nifty 50 index added 42.80 points or 0.17% to 25,278.70.
Market regulator Sebi advises exchanges to be more discerning on SME IPOs (02-09-2024)
Urges SMEs to go for alternative funds before exploring listing option
Japan’s Nikkei edges up 0.14% (02-09-2024)
The Nikkei average edged up 0.14 percent to 38,700.87 while the broader Topix index settled 0.12 percent higher at 2,715.99.
End of an era: Zero-brokerage model on last legs with new fee rules (02-09-2024)
Discount brokers may raise charges
Chinese markets decline on mixed factory activity data (02-09-2024)
The dollar eased in Asian trading after hitting its highest level in nearly two weeks. Gold dipped below $2,500 per ounce while oil consolidated at lower levels ahead of an OPEC+ decision on output increase in the coming days.
Gala Precision Engineering IPO fully subscribed within minutes of opening (02-09-2024)
The initial public offer of Gala Precision Engineering got fully subscribed within minutes of opening for bidding on Monday.
The initial share sale received bids for 47,77,444 shares against 22,23,830 shares on offer, reflecting 2.15 times subscription, as per NSE data till 11:21 hours.
The portion for Retail Individual Investors (RIIs) garnered 3.15 times subscription while the quota for non institutional investors got subscribed 2.54 times.
The initial share sale will conclude on September 4.
Gala Precision Engineering Ltd has fixed a price band of Rs 503-529 per share for its Rs 168-crore initial public offering (IPO).
The IPO is a combination of a fresh issue of 25.58 lakh equity shares worth Rs 135.34 crore and an offer for sale (OFS) of 6.16 lakh equity shares valued at Rs 32.58 crore by promoter group entities and individual shareholders. This aggregates the transaction size to Rs 168 crore at the upper end of the price band of Rs 529.
Proceeds from the fresh issue will be
Nifty September futures trade at premium (02-09-2024)
NSE India VIX jumped 4.98% to 14.06.