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Fujita Corp-backed Neilsoft refiles draft IPO papers; cuts fresh issue size

Fujita Corporation-backed Neilsoft Ltd has refiled its draft papers with markets regulator Sebi to raise funds through an initial public offering (IPO). The IPO will have a combination of a fresh issue of shares worth Rs 90 crore and an offer-for-sale (OFS) of 80 lakh shares by promoters and existing shareholders, according to the draft red herring prospectus filed on Monday. The company has reduced its fresh issue size from Rs 100 crore planned at the time of filing draft papers in December 2024. The regulator had returned these preliminary papers in March this year. Neilsoft, a technology-driven engineering services and solutions company, plans to use Rs 69.63 crore to fund capital expenditure and the rest for general corporate purposes. Founded in 1991, Neilsoft provides customised engineering services, including AEC design solutions, industrial plant design, and manufacturing equipment and production line design. It also offers Engineering Process Outsourcing (EPO) services and

Derivatives contracts expiry days now limited to Tuesdays or Thursdays

The move aims to reduce market volatility and concentration risk on expiry days by allowing exchanges to offer index derivatives only on Tuesdays or Thursdays

Aegis Vopak IPO sees muted response; subscription lags at 7%, GMP 6%

Aegis Vopak Terminals IPO subscription status Day 1: The mainline IPO was subscribed only 7 per cent as of 2 PM on Day 1, according to data from National Stock Exchange

Aegis Vopak Terminals IPO opens on May 26; check price band, GMP, key dates

Aegis Vopak Terminals has set the price band for its IPO in the range of ₹223 to ₹235 per equity share

Why did BSE Ltd's share price tank by 67%, falling from ₹6,996 to ₹2,335?

BSE Ltd share price plummeted 67 per cent in trade on ex-bonus date. BSE bonus share issue ratio was 2:1

Sensex rises 410 pts, Nifty tops 24,800; analysts foresee 'sell on rallies'

The Sensex settled at 81,596.63, up 410.19 points or 0.51 per cent, while the Nifty50 closed at 24,813.45, gaining 129.55 points or 0.52 per cent

Belrise Industries IPO day 1 update; subscription lags at 47%, GMP 14%

Belrise Industries IPO subscription status Day 1: The issue was subscribed by 47 per cent as of 2:30 PM

Borana Weaves IPO Day 1: Subscription at 4x, retail investors lead demand

Borana Weaves IPO was subscribed by 2.33 times as of 11:30 AM, led by demand from retail investors

Rethinking how promoters handle dissent can empower shareholder democracy

Given the concentrated ownership and control, external investors are willing to invest only when they can trust the company's governance and leadership

Benchmarks slip for third straight day; Sensex, Nifty drop over 1%

Sensex drops 873 points and Nifty falls 261 as selling in HDFC Bank, ICICI Bank and Reliance leads broad-based losses across sectors with weak market breadth

BSE's Asia Index expands offerings with four new factor-based indices

New indices - including momentum, quality and value - will be rebalanced quarterly, marking a key differentiator from existing offerings by NSE Indices

Risk-off sentiments deepen as Sensex tumble 873 pts, Nifty below 24,700

Nifty Auto emerged as top sectoral laggard, down 2.17 per cent, due to heavyweights like Hero MotoCorp, Bajaj Auto, Maruti Suzuki, TVS Motor, Eicher Motor, and Bharat Forge falling over 2 per cent eac

Ashish Kacholia-backed Sri Lotus Developers gets Sebi nod for ₹792-cr IPO

Sri Lotus Developers IPO is an entirely fresh issue of shares worth ₹792 crore, with no offer for sale component

Sensex dips 271 pts, Nifty below 25k; IT dents sentiment; realty, PSBs rise

On the Sectoral front, Nifty IT emerged as top loser down by 1.37 per cent after Moody's downgraded the US government's credit rating on Friday

Unified Data-Tech IPO opens on May 22: Check price band, GMP, key dates

The Mumbai-based IT services provider aims to raise ₹144.47 crore through the public issue of 5.29 million equity shares

IndusInd Bank shares end flat after sharp decline in morning trade

Shares of IndusInd Bank ended flat on Friday after dropping nearly 6 per cent earlier in the day as the firm said its Internal Audit Department (IAD) found "unsubstantiated balances" of Rs 595 crore in "other assets" of its balance sheet, and has also examined the roles of key employees in this lapse. The stock tanked 5.68 per cent to Rs 735.95 during the morning trade on the BSE. Later, at the fag-end of the trade, the stock managed to settle in the green, up 0.26 per cent at Rs 782.30. At the NSE, shares of the firm ended at Rs 784.70, up 0.53 per cent after dropping 3.90 per cent to Rs 750 in morning trade. In a regulatory filing on Thursday, IndusInd Bank said this balance was, later in January 2025, set off against corresponding balances appearing in "other liabilities" accounts. It said following receipt of a whistleblower complaint, the IAD was asked by the audit committee of the board to review transactions recorded in "other assets" and "other liabilities". This was in ...

D-St takes breather amid profit booking; Sensex dips 200 pts, Nifty at 25K

Indian equity benchmarks settled in red on Friday due to selective profit booking in key sectors such as IT, Metal and Banks

Value strategy paying off for Shree Cement, but stock may be fully priced

In FY25, revenue was down 8 per cent, while EBITDA was down 12 per cent and PAT was down 51 per cent YoY. Volumes were flat YoY

India-US trade deal hopes lift mood, Sensex up 1,200 pts, Nifty above 25k

The rally came after comments from President Trump that India had offered a zero-tariff trade deal to the United States

Sebi bars Varyaa Creations, freezes promoters' shares over IPO misuse

Sebi has debarred Varyaa Creations from markets, citing diversion of 71% of IPO funds; lead manager also barred, promoter group shares frozen pending investigation