Sundar Sethuraman
 "Sundar Sethuraman")
Sundar Sethuraman
Sundar Sethuraman covers equity markets and investment banking. Starting his career as a desk hand, he moved to a reporting role in 2016 and has worked in New Delhi, Mohali and Mumbai. He stumbled into journalism after wasting his prime in the bylanes of Trivandrum. He manages an Instagram page about his home town in memory of his flaneur days. He prefers political news over spectator sports and peppers his conversations with film references, and has read more blurbs than books. A keen explorer of Mumbai's food scene, he is the go-to resource for restaurant recommendations in Business Standard's Mumbai office.
Sundar Sethuraman covers equity markets and investment banking. Starting his career as a desk hand, he moved to a reporting role in 2016 and has worked in New Delhi, Mohali and Mumbai. He stumbled into journalism after wasting his prime in the bylanes of Trivandrum. He manages an Instagram page about his home town in memory of his flaneur days. He prefers political news over spectator sports and peppers his conversations with film references, and has read more blurbs than books. A keen explorer of Mumbai's food scene, he is the go-to resource for restaurant recommendations in Business Standard's Mumbai office.
Page 65 - Sundar Sethuraman
Cement maker Nuvoco Vistas lists at a steep discount to issue price
Post listing, the company commands a market capitalisation of Rs 18,975 crore
 "Cement maker Nuvoco Vistas lists at a steep discount to issue price")
Zomato share price falls 8% as lock-in period for anchor investors end
The shares ended the session at Rs 127 apiece on the S&P BSE Sensex on a day when the benchmark ended 226 points, or 0.41 per cent, higher
 "Zomato share price falls 8% as lock-in period for anchor investors end")
Advance-decline ratio hits a 17-month low in August, shows data
Indicates that number of declining stocks far exceeds those advancing, and may be a bearish signal
 "Advance-decline ratio hits a 17-month low in August, shows data")
Street signs: MFs bet on easier compensation rules, India VIX surges & more
Officials in the industry believe that the market regulator might give some concessions on the aspect of key employees of the fund houses
 "Street signs: MFs bet on easier compensation rules, India VIX surges & more")
CarTrade Tech makes tepid market debut; tumbles 7% at close of trade
CarTrade Tech's initial public offering (IPO) was subscribed 20.29 times
 "CarTrade Tech makes tepid market debut; tumbles 7% at close of trade")
Indices in for rough ride, but correction could spur more buying: Experts
Analysts said equity markets across the globe are under pressure after the minutes of the recent US Federal Reserve meeting
 "Indices in for rough ride, but correction could spur more buying: Experts")
Fundraising through rights issues falls sharply in January-July period
Experts said promoters opt for rights issues in a bearish market as they don't want to dilute their holdings when the valuations are unattractive
 "Fundraising through rights issues falls sharply in January-July period")
Rolex Rings IPO subscribed 130x on last day on institutional, HNI interest
The Rs 731-crore IPO generated bids worth Rs 66,744 crore
 "Rolex Rings IPO subscribed 130x on last day on institutional, HNI interest")
Street signs: Falling GMPs signal IPO fatigue, NFO targets on rise & more
According to market players, the GMP for CarTrade is 25 per cent, while Nuvoco Vistas is less than 10 per cent, over their offer price.
 "Street signs: Falling GMPs signal IPO fatigue, NFO targets on rise & more")
HNIs incur losses as Glenmark Life Sciences ends flat on listing day
Market observers said HNIs had placed leveraged bets, and lost big as their break even cost was more than Rs 850 per share
 "HNIs incur losses as Glenmark Life Sciences ends flat on listing day")
Heavy retail rush for 4 IPOs puts banking system under pressure
According to industry players, the many banks found it difficult to process the record 10 mn retail applications garnered, leading to higher failure rate, delayed OTP messages
 "Heavy retail rush for 4 IPOs puts banking system under pressure")
KFC, Pizza Hut brand operator eyes Rs 10,823 cr valuation in IPO
Ravi Kant Jaipuria-promoted Devyani International prices its IPO between Rs 86-90
Glenmark Life's Rs 1,500 cr IPO subscribed 45x on strong HNI interest
Rolex Rings subscribed 9.3 times a day before close
 "Glenmark Life's Rs 1,500 cr IPO subscribed 45x on strong HNI interest")
Tatva Chintan zooms 113% to Rs 2,310 in highest listing gain this year
Issue price was Rs 903 per share, IPO had garnered 180x subscription
 "Tatva Chintan zooms 113% to Rs 2,310 in highest listing gain this year")
MFs shrug off valuation concerns, step up buying as FPIs press sell button
Have pumped in over Rs 10,500 cr this month-the most since in 16 months
 "MFs shrug off valuation concerns, step up buying as FPIs press sell button")
China jitters drag indices: Sensex drops 273 pts, Nifty slips below 15,750
Market players said the developments in China has promoted several foreign funds to prune their exposure to the entire emerging market (EM) pack
 "China jitters drag indices: Sensex drops 273 pts, Nifty slips below 15,750")
Glenmark Life IPO subscribed 2.8x on Day-1 on strong retail interest
The wholly-owned subsidiary of Glenmark Pharma is issuing Rs 1,060 cr fresh equity and offer for sale of 6.3 million shares worth Rs 453.6 crore
Retail rush drives mobile trading volumes at BSE, share up 711 bps in a yr
Nearly 20 mn new demat accounts added since March 2020. Meanwhile, share of individual retail investors in NSE's cash market turnover shot up from 39% in FY20 to 45% in FY21
 "Retail rush drives mobile trading volumes at BSE, share up 711 bps in a yr")
Rolex Rings prices IPO between Rs 880-900 per share; issue opens July 28
The offer comprises a fresh issue of Rs 56 crore and an offer for sale of shares worth Rs 675 crore.
Street signs: Glenmark Life GMP at 25%, HNIs in-the-money in Tatva & more
Analysts say American sanctions on Chinese companies will prompt global investors to look at India more favourably
 "Street signs: Glenmark Life GMP at 25%, HNIs in-the-money in Tatva & more")
