Logistics service provider Glottis has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering. The Chennai-based company’s IPO is a combination of a fresh issue of equity shares worth Rs 200 crore and an offer for sale (OFS) of up to 1.45 crore equity shares by promoters, according to the Draft Red Herring Prospectus (DRHP).
M&B Engineering files draft papers for Rs 653-cr IPO (25-09-2024)
M&B Engineering Ltd on Wednesday filed draft papers with capital markets regulator Sebi to mobilise Rs 653 crore through an initial public offering (IPO).
Mudit’s Portfolio (Stage Analysis + Price Momentum) (25-09-2024)
I have my own screening criteria. I use 2 different universes. Smallcap 250 and microcap 250 and select 10 top stocks from each universe. I also put within 20% from All time high, as well as within 20% from 52 week high. For me volume criteria is 1 cr. Price should be above 100 day ema as well as 200 day ema.
MUDA case: Ex-Lokayukta Justice Santosh Hegde says CM Siddaramaiah should resign (25-09-2024)
Former Karnataka Lokayukta Justice Santosh Hegde has called for Chief Minister Siddaramaiah’s resignation amid serious allegations of wrongdoing in the MUDA site allotment case. The Karnataka High Court upheld the Governor’s sanction to investigate, citing prima facie evidence against Siddaramaiah. Hegde referenced historical precedents to emphasize the need for accountability.
Bourses call for better checks by merchant bankers on IPO-bound SMEs (25-09-2024)
Over 80 merchant bankers apprised about discrepancies, lack of background checks
Fratelli Vineyards Ltd – A successful business transition in play? (25-09-2024)
Did anyone attend the AGM held today? Notes for same would be highly appreciated.
Tejas Networks – Product based IT business in a favored sector? (25-09-2024)
Per the latest research report from BOfA, networking equipment has a total market size of $20bn representing the third highest spend in data center capex. Currently 3 global players (Cisco 28%, Arista 21% & Huawei – 9%) has captured more than 50% share in the networking products segment.
Huge opportunity for Tejas to make a dent in this segment and capture some market share from the incumbents.
