Shares of Endurance Technologies will debut on the bourses today, 19 October 2016. The initial public offer (IPO) of the company saw strong response from investors. The issue received bids for 75.52 crore shares and it was subscribed 43.84 times. The qualified institutional buyers (QIBs) category was subscribed 53.43 times. The non-institutional investors' category was subscribed 127.07 times. The retail investors category was subscribed 2.69 times. The bidding for the IPO remained open between 5 October 2016 to 7 October 2016. The issue price was fixed at top end of the price band of Rs 467 to Rs 472 per share.
Mahindra & Mahindra (M&M) announced after market hours yesterday, 18 October 2016 that it has subscribed to and has been allotted 60 lakh equity shares of Rs 10 each of Classic Legends Private (CLPL), constituting 60% of its post-issue capital, offered to the company by CLPL on preferential basis.
CLPL is into automobile industry. It is yet to commence its commercial operations.
Reliance Industries (RIL) announced after market hours yesterday, 18 October 2016 that the DTA unit of Jamnagar refinery of the company is planning to shut down the Fluidized Catalytic Cracking Unit (FCCU) for routine Maintenance & Inspection activities from the second week of November 2016 for about 5 weeks. The shutdown will provide an opportunity to carry out a revamp job in one of the Polypropylene units. All the four crude distillation units along with other major secondary processing units are expected to operate at normal throughput, RIL said.
Bank of Baroda (BoB) announced after market hours yesterday, 18 October 2016 that a meeting of the Capital Raising Committee of the Board is scheduled to meet on 21 October 2016, to consider and approve the issue of bonds. It may be recalled that BoB had announced on 15 October 2016 that it had initiated the process of raising funds through issuance of Basel III Compliant AT-I (Additional Tier-I Capital) Bonds of Rs 1000 crore with Green Shoe option of Rs 1000 crore (Total size not to exceed Rs 2000 crore) on private placement basis.
Havells India's net profit rose 21.97% to Rs 145.79 crore on 9.8% rise in total income to Rs 1477.54 crore in Q2 September 2016 over Q2 September 2015. The announcement was made after market hours yesterday, 18 October 2016.
Hatsun Agro Product's net profit rose 3.61% to Rs 32.16 crore on 17.36% rise in total income to Rs 1001.82 crore in Q2 September 2016 over Q2 September 2015. The announcement was made after market hours yesterday, 18 October 2016.
Sterling Tools scheduled a board meeting on 5 November 2016, to consider stock split proposal of equity shares of the company. The announcement was made after market hours yesterday, 18 October 2016.
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