Page 15 - Investors

Medi Assist's Rs 1,171 crore IPO subscribed 1.20 times on 2nd day of offer

The Initial Public Offering (IPO) of Medi Assist Healthcare Services got subscribed 1.20 times on the second day of subscription on Tuesday. The Rs 1,171.57 crore-IPO received bids for 2,34,69,985 shares against 1,96,19,719 shares on offer, as per NSE data. The category for Retail Individual Investors (RIIs) received 1.70 times subscription while the quota for non-institutional investors got subscribed 1.61 times. The portion for Qualified Institutional Buyers (QIBs) got subscribed 1 per cent. The IPO is entirely an Offer for Sale (OFS) of up to 2,80,28,168 equity shares. It has a price range of Rs 397-418 a share. Medi Assist Healthcare Services, the Bessemer Ventures and Investcorp-backed third-party insurance administrator, on Friday raised Rs 351.5 crore from anchor investors. The selling promoters include company chairman Vikram Jit Singh Chhatwal, Medimatter Health Management, Bessemer Health Capital, and Investcorp Private Equity Fund. Medi Assist covers over 18,000 hospit

India 'coolest party in town' for all global investors: Zerodha Co-Founder

Global investors face the risk of losing out if they arrive too late in India, which is the "coolest party in town", discount brokerage Zerodha Co-Founder & CFO, Nikhil Kamath, said on Wednesday. In his address at the Vibrant Gujarat Global Summit here, Kamath said in the last decade, India's entrepreneurship has evolved and the startup ecosystem has prospered under the vision and leadership of Prime Minister Narendra Modi. "... to all the foreign investors here, India is seemingly looking like the coolest party in town. I think what you need to be aware of is if you arrive too late, you might not get in," Kamath remarked. The big change in India in the last decade has been that entrepreneurship has moved from something that was only aspired or watched in movies to everyone "actively trying" for it. "The last ten years have been incredible and I'm not the only exception here in India. There are many other exceptions like me, we all hang out. We call this the startup ecosystem of ..

Investors subscribe Jyoti CNC Automation IPO 3.92 times on 2nd day

The Initial Public Offer (IPO) of Jyoti CNC Automation got subscribed 3.92 times on the second day of bidding on Wednesday. The IPO received bids for 6,87,09,015 shares against 1,75,39,681 shares on offer, as per NSE data. The category for Retail Individual Investors (RIIs) received 11.08 times subscription while the portion for non-institutional investors got subscribed 6.49 times. The quota for Qualified Institutional Buyers (QIBs) attracted 22 per cent subscription. Jyoti CNC Automation on Monday raised Rs 448 crore from anchor investors. The IPO is entirely a fresh issue of equity shares worth up to Rs 1,000 crore. The public issue, with a price band of Rs 315-331 per share, will conclude on Thursday. Proceeds from the issue would be used for debt payment, funding the long-term working capital requirements of the company, and general corporate purposes. Jyoti CNC Automation is a manufacturer of Computer Numerical Control (CNC) machines. Its customers include ISRO, BrahMos ..

Now that we've built size, we'll focus on profitable growth: Upstox CEO

Not all new players, Kumar says, will be able to scale up profitably, and there will always be an opportunity for consolidation in the industry

Best of BS Opinion: Attaining self-sufficiency, Growth adjustments & more

Here is the best of Business Standard's opinion pieces for today

From domestic to global asset pricing

Global asset pricing has interesting implications for investors and firms

Investors kick off 2024 with $123 billion record cash shift, says BofA

Energy stocks saw their seventh straight week of outflows, and the largest since July 2023 of $1.0 billion. U.S. small-cap stocks recorded a weekly inflow of $2.3 billion, their fifth weekly inflow in

60% startup founders report increased revenue, profitability in 2023

Navigating 2024, tech startup founders expect to continue the revenue growth path with measured steps, focusing on optimizing expenditure and maximizing profitability for B2B tech startups

Corporate bosses' message for 2024: Focus on people, tech, geopolitics

In his letter this week, Adani said, there are lessons from the Hindenburg episode, which he would share with his workforce later

Best of BS Opinion: Decoding India's dress code, Instant settlement & more

Here is the best of Business Standard's opinion pieces for today

Market fall and investor's psychology - By Sidhavelayutham, CEO & Founder, Alice Blue

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Indian crypto investors may move to domestic platforms post FinMin's notice

Finance ministry issued show cause notices to nine offshore virtual digital assets (VDA) service providers dealing with crypto assets

Fundraising through QIP shines, companies garner Rs 50,200 cr in 2023

Fundraising through the issuance of shares to institutional investors skyrocketed, as companies raked in Rs 50,218 crore in 2023, marking a six-fold surge from the previous year and indicating a positive outlook among investors. Apart from QIPs, fund mobilisation through rights issue of shares and OFS (Offer-for-Sale) route too surged in 2023, as compared to last year. Market experts attributed the primary reason for the increase in Qualified Institutional Placement (QIP) fundraising to the market and investor sentiments that play an important role in their success. As long as positive market vibes persist, and investors continue to reap returns, listed companies lean towards opting for fundraising through QIP as this avenue ensures swift access to funds, they added. According to data by the National Stock Exchange (NSE), companies collected Rs 50,218 crore through QIPs in 2023, which was way higher than Rs 8,196 crore raised in the preceding year. Bajaj Finance Ltd spearheaded th

InCred announces list of investors injecting Rs 500 crore in company

The round saw participation from ultra-high-net-worth individuals (HNIs), Family Offices, and institutional investors such as Varanium Capital Advisors and Sattva Group

'Talent pool, infra, policy continuity make state an industrial powerhouse'

At a time when Tamil Nadu is preparing to attract fresh investments with a global investors meet next month, the summit, held in Chennai, showcased the state's growth story and plans for the future

Markets pause after posting their longest winning streak in three years

Investors on Monday were mostly chasing stocks which offer some value vis-a-vis their peers

Sebi streamlines regulations for accredited investor registration

The market regulator said that accreditation agencies will be able to grant certification solely based on the Know-Your-Customer (KYC) and financial information of the applicants

Demand for TMT rebars to grow over next 3-4 months: Tata Steel VP

The demand for TMT rebars in India will continue to grow over the next three to four months, a senior industry executive has said. There is a good demand seen from the construction, housing, and infrastructure segments, where new projects are coming up all over the country, Ashish Anupam, Vice President - Long Products at Tata Steel Ltd, said. Besides, there is consistency in government policies. So, sentiments are also high among the investors, he added. "I am very bullish for three reasons. Firstly, the festive season is over, workers are back to work. The monsoon is also over. This is the best time for construction because there is no heat and all as well. Next three to four months, I am more bullish from the demand side. Prices, I can't say as it depends on raw materials," he told PTI. According to market research firm BigMint (formerly SteelMint), the TMT prices through blast furnaces have fallen from Rs 56,700 a tonne in September to Rs 55,900/tonne in November. The TMT rebar

Dry powder decoded: What it means to investors and the financial ecosystem

Dry powder refers to the cash reserves maintained by corporations, private equity funds, and individual investors for strategic investments or during an economic downturn

Murky use of private credit funds may invite harsh regulatory scrutiny

Investors who pooled money were issued senior securities, earning them interest