The initial public offer of civil construction and infrastructure development company Globe Civil Projects fully subscribed on the first day of bidding on Tuesday and finally ended the session with a 6.96 times subscription. The Rs 119-crore IPO received bids for 8,16,76,623 shares against 1,17,32,392 shares on offer, as per NSE data. The quota for non-institutional investors garnered 8.16 times subscription, and the category for qualified institutional buyers (QIBs) subscribed 8.06 times. The portion for retail individual investors (RIIs) received 5.82 times the subscription. The Initial Public Offer (IPO) of up to 1,67,60,560 equity shares has a price range of Rs 67-71 per share. The issue will close on June 26. Its shares will be listed on BSE and NSE. Globe Civil Projects Ltd intends to utilise Rs 75 crore of the IPO proceeds for funding working capital requirements, Rs 14.26 crore for capital expenditure towards the purchase of construction equipment/machinery and the remain
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All the major sectoral indices were trading higher, led by the PSU Bank index up over 2 per cent
Aten Papers and Foam listing: The stock opened at ₹90 on the BSE SME, against the issue price of ₹96
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The retail investor segment was subscribed 1.04 times on the first day, while non-institutional investor participation stood at 19 per cent of the allocated quota
Starting this September, the expiry dates for derivative contracts on NSE and BSE are changing, and here’s what it means for you. What's changing? Watch to find out.
The majority of sectors, barring Nifty Auto and Consumer Durables, were trading lower on Wednesday
BSE shares fell 6% at open after Sebi allowed expiry day swap in equity derivatives between NSE and BSE
Oswal Pumps IPO allotment status: Investors can verify their status through the official websites of the exchanges NSE and BSE, or MUFG Intime India
Stocks to Watch today, June 18: Hindustan Zinc, M&M, EMS, GMR Airports, L&T, and Alembic Pharma are among the stocks that will remain in focus today
Sebi mandates new expiry days for equity derivatives from September; analysts say shift may impact market share with NSE gaining activity and BSE seeing pressure
Leading stock exchange BSE announced that markets regulator Sebi has granted Thursday as the expiry day for equity derivatives contracts. "Sebi has agreed to the expiry day proposed by BSE (i.e. Thursday). Since there would be a change in the expiry day of derivatives contracts from the present (Tuesday)," BSE said in a circular on Tuesday. This comes after Sebi last month announced expiries of all equity derivatives contracts across exchanges will be uniformly limited to Tuesdays or Thursdays. This was aimed at optimising the spacing between expiries and avoid designating, either the first or last day of the week as the expiry day. Also, Sebi had asked exchanges to seek its approval before launching or modifying any contract expiry or settlement day.
Globe Civil Projects Ltd, a civil construction and infrastructure development company, on Tuesday said it has fixed the price band at Rs 6771 per equity share for its forthcoming initial public offering (IPO). The issue will open for subscription on June 24 and will close on June 26, the company said in a statement. The company will fetch about Rs 119 crore at the upper end of the price band. Its shares will be listed on BSE and NSE. The funds will be raised through entirely fresh issuance of shares up to 16,760,560 equity shares of face value Rs 10 each, it said. Globe Civil Projects Ltd intends to utilise Rs 75 crore of the IPO proceeds for funding working capital requirements, Rs 14.26 crore for capital expenditure towards the purchase of construction equipment/machinery, while the remaining funds will be used for general corporate purposes and issue expenses, it added. For the nine months ended December 31, 2024, Globe Civil Projects posted a revenue from operations of Rs 254
Arisinfra Solutions IPO: The mainline offering is scheduled to open for public subscription tomorrow, June 18, 2025
Indian equity benchmarks were trading higher on Monday led by gains in the heavyweight IT stocks including TCS, Tech Mahindra and HCL Tech
Home-grown Tata Steel, which is adopting low carbon emitting steel making technologies in India and Europe, aims to have 10-15 million tonnes of production through recycling route in the next 10-15 years, the company's CEO and MD T V Narendran has said. In FY25, Tata Steel produced 30.92 million tonnes of steel out of its total capacity of 35 million tonnes spread over India, the UK, the Netherlands and Thailand. "...linearity to circularity is one shift we are making.... you will see in the next 10-15 years, 10-15 million tonnes of Tata Steel's production will be through the recycling route," Narendran said when asked about his vision on sustainability for Tata Steel. The company aims to scale up its steel making capacity to 40 million tonnes by 2030 in India. In the UK, Tata Steel is in the process of transition towards scrap-based electric arc furnace (EAF) manufacturing from blast furnace steel making route at its 3 million tonnes per annum (MTPA) plant located at Port Talbot in
Arisinfra Solutions IPO: The unlisted shares of Arisinfra Solutions were trading at ₹252, commanding a premium of ₹30 or 13.5 per cent
Oswal Pumps aims to raise ₹1,387.34 crore through the IPO comprising a fresh issue of 14.5 million shares and an OFS of 8.1 million shares