Posts in category Business Standard
Plant-based speciality firm Sanstar gets Sebi’s nod to float IPO (07-05-2024)
Plant-based speciality products company Sanstar Ltd has received Sebi's go-ahead to float an initial public offering, an update with the markets regulator showed on Tuesday.
The proposed initial public offering (IPO) comprises a fresh issue of 4 crore shares and an Offer For Sale (OFS) of up to 80 lakh shares by its promoters and promoter group selling shareholders, according to the draft red herring prospectus (DRHP).
According to market sources, the IPO size is expected to be Rs 425-500 crore.
Also, the company may consider a pre-IPO placement of up to 40 lakh equity shares. If such placement is completed, the fresh issue size will be reduced
The Ahmedabad-based company, which filed its draft IPO papers with Sebi in January this year, obtained its observations on April 30, as per the update.
In Sebi's parlance, obtaining observations means its go-ahead to float the public issue.
Going by the draft papers, proceeds from the fresh issue will be utilised to fund the capital expend
India VIX jumps 72% from April lows; up 5% today. What’s behind the surge? (07-05-2024)
Analysts attribute this rise to nervousness ahead of the outcome of Lok Sabha elections on June 4, and expect India VIX to continue its journey north as the election outcome day nears.
Benchmarks pare some losses; Realty shares under pressure (07-05-2024)
At 12:25 IST, the barometer index, the S&P BSE Sensex slipped 416.18 points or 0.56% to 73,474.63. The Nifty 50 declined 140.70 points or 0.63% to 22,302.
Third phase of Lok Sabha elections underway (07-05-2024)
Notably, the Anantnag-Rajouri Parliamentary Constituency in Jammu and Kashmir, initially part of this phase, has been rescheduled to the sixth phase. Similarly, Surat Parliamentary Constituency in Gujarat will not undergo polling, as the candidate has been elected unopposed. Additionally, polling for the Betul Parliamentary Constituency in Madhya Pradesh, originally scheduled for the second phase, will take place during this phase due to rescheduling following the demise of a BSP candidate.
Gland Pharma receives US FDA nod for immunostimulant Plerixafor (07-05-2024)
The generic injectable-focused pharmaceutical company said that it has has received approval from the United States Food and Drug Administration (US FDA) for Plerixafor Injection.
Rane Engine Valve standalone net profit declines 2.47% in the March 2024 quarter (07-05-2024)
Sales rise 10.40% to Rs 149.82 crore
Allsec Technologies Ltd leads gainers in ‘B’ group (07-05-2024)
Transwarranty Finance Ltd, Raw Edge Industrial Solutions Ltd, Selan Explorations Technology Ltd and Nandan Denim Ltd are among the other gainers in the BSE's 'B' group today, 07 May 2024.
IRB Infra Toll collection jumps 29% YoY in April (07-05-2024)
IRB Infrastructure Developers toll collection jumped 29.45% to Rs 502.8 crore in April 2024 from Rs 388.4 crore in April 2023.
Marico Ltd leads gainers in ‘A’ group (07-05-2024)
Titagarh Rail Systems Ltd, Godrej Consumer Products Ltd, Dabur India Ltd and KPI Green Energy Ltd are among the other gainers in the BSE's 'A' group today, 07 May 2024.
DCM Shriram falls over 7% after weak March quarter results (07-05-2024)
DCM Shriram's operating margin squeezed 180 basis points (bps) to 13.1 per cent in the March quarter