Page 13 - Market News

Gem Aromatics' ₹451 cr IPO subscribed 30.27 times at ₹309-325 price band

The initial public offer of speciality ingredients manufacturer Gem Aromatics Ltd got subscribed 30.27 times on the last day of share sale on Thursday. The IPO received bids for 29,61,15,202 shares against 97,82,363 shares on offer, as per NSE data. Qualified Institutional Buyers (QIBs) part got subscribed 55.28 times, while the category for non-institutional investors received 45.06 times subscription. The quota for Retail Individual Investors (RIIs) fetched 10.31 times subscription. Gem Aromatics on Monday mobilised over Rs 135 crore from anchor investors. The price band has been fixed at Rs 309 to Rs 325 per share. The IPO is a mix of fresh issue of equity shares worth up to Rs 175 crore and an offer for sale (OFS) of up to 85 lakh shares valued at Rs 276.25 crore. Proceeds from the fresh issue will be used by Gem Aromatics for debt repayment and general corporate purposes. Gem Aromatics is a manufacturer of speciality ingredients, including essential oils, aroma chemicals, a

Gem Aromatics IPO subscribed 2.9 times on second day of bidding

Speciality ingredients manufacturer Gem Aromatics's Rs 451-crore initial public offer garnered 2.90 times subscription on the second day of bidding on Wednesday. The three-day IPO received bids for 2,83,51,410 shares against 97,82,363 shares on offer, as per NSE data. Non-institutional investors category got subscribed 3.95 times, while the quota for Retail Individual Investors (RIIs) received 3.19 times subscription. Qualified Institutional Buyers (QIBs) part fetched 1.54 times subscription. Gem Aromatics on Monday mobilised over Rs 135 crore from anchor investors. The Rs 451-crore IPO will conclude on Thursday. The price band has been set at Rs 309 to Rs 325 per share. The IPO is a mix of fresh issue of equity shares worth up to Rs 175 crore and an offer for sale (OFS) of up to 85 lakh shares valued at Rs 276.25 crore. Proceeds from the fresh issue will be used by Gem Aromatics for debt repayment and general corporate purposes. Gem Aromatics is a manufacturer of speciality ...

Zydus Lifesciences' Q1 dose lifts vitals, but outlook stays fragile

April-June Qtr beat offsets some caution, yet US headwinds cap upside

BlueStone Jewellery IPO subscribed 39% on first day of public issue

The three-day IPO received bids for 63,89,570 shares against 1,65,14,421 shares on offer, according to data available with the NSE

Regaal Resources mobilises ₹92 cr from anchor investors ahead of IPO

Regaal Resources Ltd, one of India's largest maize-based specialty product manufacturers, on Monday mobilised around Rs 92 crore from anchor investors, a day before its initial public offering (IPO) opening for subscription. The institutional investors who participated in the anchor round included Taurus Mutual Fund, VPK Global Ventures Fund, Meru Investment Fund PCC-Cell 1, Benami Capital, Sunrise Investment Opportunities Fund, Authum Investment and Infrastructure Fund and Holani Venture Capital Fund, according to a circular uploaded on BSE's website. As per the circular, the company has allotted over 89.99 lakh equity shares to these investors at Rs 102 apiece, aggregating the fund raising to Rs 91.79 crore. To support the expansion and debt repayment, the Kolkata-headquartered company will launch its IPO on August 12, which will close on August 14.The price band has been fixed at Rs 96-102 per share. The IPO comprises a fresh issue of shares worth Rs 210 crore and an ...

India faces capital cold snap in largest fund retreat since January

EMs synchronised in capital flight as tariff storm clouds darken

MapmyIndia picks strategic stake in Zepto at $5.8 bn pre-money value

Home-grown digital navigation firm MapmyInida has bought strategic stakes in quick commerce firm Zepto at a pre-money valuation of USD 5.8 billion, a top official of the map services company said. Pre-money valuation refers to an estimated valuation of an enterprise before receiving funds from investors. According to a regulatory filing by CE Info Systems, owner of MapmyIndia, the company intends to invest approximately Rs 25 crore for subscribing to 75,18,797 compulsorily convertible preference shares (CCPS) on fully diluted basis having face value of Rs 5 each at issue price of Rs 33.25 per CCPS. "We acquired shares in a secondary sale from a foreign investor of Zepto at a pre-money valuation of USD 5.8 billion. It is a strategic stake, and as per the agreement, Zepto will use our maps for navigation," MapmyIndia Chairman and Managing Director Rakesh Verma told PTI. With this investment, MapmyIndia will hold 0.0490 per cent stake in Zepto's share capital. According to the filing

Sebi proposes separate unit of RTAs for service to unlisted companies

Sebi suggests hiving off RTA activities for unlisted companies, placing them under MCA's oversight; also proposes new net worth norms and internal control mechanisms

JSW Cement raises ₹1,080 crore from anchor investors ahead of IPO

JSW Cement, part of the diversified JSW Group, on Wednesday mobilised Rs 1,080 crore from anchor investors, a day before its initial share-sale opening for public subscription. This anchor portion witnessed participation from domestic and foreign institutional investors including Nomura, Government of Singapore, Abu Dhabi Investment Authority, Morgan Stanley Investment Fund, Goldman Sachs (Singapore) Pte and Kuwait Investment Authority, according to a circular uploaded on BSE's website. Also, SBI Mutual Fund (MF), Nippon India MF, Tata MF, Aditya Birla Sun Life MF, Motilal Oswal MF and SBI Life Insurance Company are among investors. As per the circular, JSW Cement has allotted 7,34,69,386 equity shares to 52 funds at Rs 147 apiece. This aggregates the transaction size to Rs 1,080 crore. The company has set a price band of Rs 139-147 per share, valuing the 17-year-old company at Rs 20,000 crore at the upper end of the price band. The IPO, which includes a fresh issue of Rs 1,600 c

Knowledge Realty Trust raises ₹1,620 crore from anchor investors in IPO

Knowledge Realty Trust, sponsored by realty firm Sattva Group and Blackstone, on Monday garnered Rs 1,620 crore from anchor investors ahead of its REIT public issue opening for public subscription. Those who have been allotted shares in the anchor round included TATA AIG General Insurance Company, Life Insurance Corporation of India, Nippon India Mutual Fund (MF), Axis MF, Tata MF, Amundi, Wells Capital, Jhunjhunwala Trust and 360 ONE, according to a circular uploaded on BSE's website. As per the circular, Knowledge Realty Trust has allotted 16.2 crore units to anchor investors at Rs 100 per unit. Additionally, the company received a strategic allocation of Rs 1,200 crore from institutional investors. The Rs 4,800-crore REIT initial public offering will be open from August 5-7. The company has set a price band of Rs 95 to Rs 100 per unit. This initial public offering (IPO) is entirely a fresh issuance of units by Knowledge Realty Trust. In early March, KRT filed the draft red her

Choice AMC gets Sebi nod to launch mutual fund operations with ETFs

Financial services company Choice International on Friday said its arm Choice AMC has received final approval from Sebi to commence operations as an Asset Management Company (AMC), marking its foray into the mutual fund business. The regulatory clearance enables the Mumbai-headquartered Choice group to formally roll out its mutual fund operations, expand its offerings across the financial services spectrum, the company said in a statement. Choice will now initiate operations of its AMC, with a strategic and phased rollout beginning with passive investment products such as index funds and exchange traded funds (ETFs), it added. "This approval marks a significant milestone in the expansion of our financial services portfolio and reinforces our long-term commitment to delivering comprehensive and accessible investment solutions. "The mutual fund platform will initially focus on passive products, in line with our objective to build a stable, scalable, and professionally managed asset .

Sebi asks institutions to ensure digital access for special-needs persons

Capital markets regulator on Thursday directed all regulated entities to make their digital platforms accessible to persons with disabilities, in compliance with the Rights of Persons with Disabilities Act. In a circular, Sebi said, "The move is aimed at protecting the rights and dignity of persons with disabilities and ensuring their full and effective participation in the securities market". The directive follows a Supreme Court verdict dated April 30, 2025, that recognised digital access as a fundamental right under the right to life and liberty. The mandate applies to all Sebi-regulated entities (REs), including stock exchanges, clearing corporations, depositories, brokers, mutual funds, and KYC agencies. They must ensure compliance with key provisions of the Rights of Persons with Disabilities (RPwD) Act and related rules to facilitate access to websites, mobile apps and other platforms. Sebi said the regulated entities (REs) must submit lists of their digital platforms and .

Q1 earnings, US Fed decision to drive market sentiments this week: Analysts

Stock markets are in for an event-heavy week ahead with a raft of Q1 earnings from blue-chips, the US Fed interest rate decision and foreign investors trading activity driving investors' sentiment, analysts said. Macroeconomic data announcements, monthly auto sales numbers and global market trends would also guide movement in the domestic equities, they said. Markets would also keep a track on developments related to the August 1 trade deal deadline and geopolitical tensions between Thailand and Cambodia. August 1 marks the end of the suspension period of Trump tariffs imposed on dozens of countries, including India. "The start of the new month will bring attention to key economic data, including Industrial Production (IIP) and HSBC Manufacturing PMI on August 1. Additionally, monthly auto sales figures will be closely monitored. The scheduled expiry of the July derivatives contracts may add further volatility to the markets," Ajit Mishra SVP, Research, Religare Broking Ltd, said.

Sebi cancels registration of 13 advisers over non-payment of renewal fees

Markets regulator Sebi on Friday cancelled the registration of 13 entities as investment advisers after they failed to pay the renewal fees. "The main purpose of cancellation of certificate of registration, as investment adviser, of the noticees (13 entities) is to prevent the misuse of their expired certificate of registration with Sebi on unaware investors," the regulator said in its order. However, Sebi clarified that these entities would continue to be liable for anything done or omitted to be done as investment advisers despite the cancellation of registration. These 13 entities are -- Manjeet Singh Vohra, Tarun Kumar Sapra, Gowri Suganya B, Sanjay Subodhchandra Shukla, Shaji George, Ravi Mittal, VBS Investments, Ravishankar K Iyer, MG Funds, Sandeep Ahuja, Harsh Agarwal, Varun Jalan and Gaurav Kedia. Considering that the entities have not paid the renewal fees to keep the registration in force, and their registration certificates as investment advisers have expired, Sebi has

Oswal Energies files DRHP to raise ₹255 crore capital through IPO

The company aims to use around ₹177 crore for long-term working capital requirements

Sebi considers review of categorisation of MF schemes to address overlap

Markets regulator Sebi on Friday proposed to review the categorisation of mutual fund schemes in a bid to improve clarity and address the issue of overlap in portfolios of schemes. The proposal came after Sebi noted a significant overlap of portfolios in some schemes and felt the necessity to introduce clear limits to the industry to avoid schemes with similar portfolios. In its consultation paper, Sebi suggested that mutual funds should be permitted to offer both Value and Contra funds, subject to the condition that no more than 50 per cent of the schemes' portfolios would overlap at any point in time. The overlap condition should be monitored at the time of New Fund Offer (NFO) deployment and subsequently on a semi-annual basis using month-end portfolios. In case of a higher-than-permitted overlap, the Asset Management Company (AMC) should rebalance the portfolios within 30 business days. An extension of up to an additional 30 business days may be obtained from the Investment ...

Stock Market close: Fag-end buying lifts Sensex 270 pts, Nifty at 25,522; realty stocks shine

Sensex today | Stock market close, July 8, 2025: The Nifty MidCap 100 and the Nifty SmallCap 100 indices were down 0.17 per cent and 0.29 per cent respectively.

Stock Market Close: RIL, FMCG shares shine as Sensex, Nifty end rangebound session marginally in red

Sensex today | Stock Market close, July 7, 2025: The NSE MidCap 100 index was down 0.27 per cent, while NSE SmallCap 100 index was down 0.44 per cent

Microcap stocks soars 15% today; zooms 140% from February low

Shares of Eimco Elecon (India) hit an over eight-month high of ₹3,001.10, as they soared 15 per cent on the BSE in Friday's intra-day trade.

Stocks to Watch Today, July 4: Piramal Pharma, RIL, Bajaj Fin, BoB, IEX

Stocks to Watch Today, Friday, July 4, 2025: Emcure Pharma, Bandhan Bank, One Mobikwik Systems, AWL Agri-business, Marico, and IEX are some of the top stocks to watch today