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.
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Mazagon Dock IPO subscribed 157 times on third day; UTI AMC IPO 2.31 times
The last hugely subscribed PSU IPO was that of IRCTC last year
 "Mazagon Dock IPO subscribed 157 times on third day; UTI AMC IPO 2.31 times")
Chemcon, CAMS gain on trading debut, continuing listing day trend
Listings of Route Mobile, Happiest Minds and Rossari Biotech generated stellar returns for investors previously
 "Chemcon, CAMS gain on trading debut, continuing listing day trend")
Route Mobile makes strong debut in stock market, lists at 86% premium
The Rs 600-crore IPO of Route Mobile was subscribed 75x
 "Route Mobile makes strong debut in stock market, lists at 86% premium")
CAMS IPO subscribed 82% on day 1, retail investor portion fully subscribed
CAMS has priced its IPO in the range of Rs 1,229-1,230 per share
Sensex falls 812 points, Nifty settles at 11,250 amid global sell-off
Rising Covid cases, ICIJ report rattle investors; Dow slips about 3 per cent
 "Sensex falls 812 points, Nifty settles at 11,250 amid global sell-off")
Street signs: Sebi NAV rule, more bumper listings on the cards, and more
Market players believe the new Sebi rule on net asset values (NAVs) will help capture the transactions on both asset and liability sides without any lag
 "Street signs: Sebi NAV rule, more bumper listings on the cards, and more")
Angel Broking to launch Rs 600-cr initial public offering next week
Angel Broking will be looking to ride the boom in broking industry seen this financial year
 "Angel Broking to launch Rs 600-cr initial public offering next week")
India's market capitalisation nears peak after broader market rally
Though the rally has eased slightly, the m-cap is only 1% shy of a record, despite Nifty being down 6% from its all-time high reached in January
 "India's market capitalisation nears peak after broader market rally")
Happiest Minds' stock doubles in stellar debut, closes 123% above IPO price
This was the best day-one performance for an IPO since IRCTC in October last year, when the shares of the state-owned company gained 127 per cent
 "Happiest Minds' stock doubles in stellar debut, closes 123% above IPO price")
CAMS, Chemcon Specialty Chemicals IPOs to hit market on September 21
The size issue for CAMS IS Rs 2,200 crore, while that for Chemcon is Rs 318 crore.
 "CAMS, Chemcon Specialty Chemicals IPOs to hit market on September 21")
Happiest Minds IPO: Oversubscription pushes up break-even cost for HNIs
Wealthy investors to make up if Happiest Minds lists at 50% premium; 30% for Route Mobile
 "Happiest Minds IPO: Oversubscription pushes up break-even cost for HNIs")
Covid-19 hits IPO filings, only 11 offer documents filed with Sebi this yr
Market players said the lockdown and social distancing norms had made it difficult for companies, investment bankers and legal firms to do the paper work for IPO filings
Promoter pledging hits three-year high in August at 1.86% of market cap
Value of pledged shares soared 56% to Rs 2.77 trillion in August from Rs 1.78 trillion at the end of July
 "Promoter pledging hits three-year high in August at 1.86% of market cap")
Happiest Minds & Route Mobile: investors bet Rs 90,000 cr on two tiny IPOs
Hopes of bumper listing, success of last offering seen driving subscriptions of Happiest Minds & Route Mobile
More pain in store? Reality check for stock markets after a dream run
On Friday, equities posted their biggest weekly drop since May, with the benchmark Sensex and Nifty dropping nearly 3 per cent amid a sharp sell-off in technology stocks in the US
 "More pain in store? Reality check for stock markets after a dream run")
Street signs: Route Mobile IPO, brokers eye tech improvement, and more
Last week, low-cost brokerage 5paisa.com appointed former Flipkart chief technology officer Ravi Garikipati on its board as an independent director
 "Street signs: Route Mobile IPO, brokers eye tech improvement, and more")
Wall Street selling spills over to India; Sensex, Nifty shed over 1.5%
Sensex, Nifty shed over 1.5% in intra-day trade
 "Wall Street selling spills over to India; Sensex, Nifty shed over 1.5%")
BNP Paribas lists 8 large domestic stocks with potential to beat Sensex
BNP said these companies are benefitting either through cost savings by the adoption of work from home (WFH) or by higher revenue growth
 "BNP Paribas lists 8 large domestic stocks with potential to beat Sensex")
Once nearly half, China's market capitalisation is now 5x India's
According to Bloomberg data, China's m-cap stood at just $407 billion in May 2006 - 45 per cent below India's m-cap of $745 billion
 "Once nearly half, China's market capitalisation is now 5x India's")
Rally comes to a screeching halt; Sensex dives 2%, Nifty ends below 11,400
The Sensex closed at 38,628.3, a drop of 839 points or 2.13 per cent -the most since May 18
 "Rally comes to a screeching halt; Sensex dives 2%, Nifty ends below 11,400")