Page 13 - Market News

Sebi chief urges public interest directors to strengthen MII governance

Markets regulator Sebi chairman Tuhin Kanta Pandey on Wednesday called on public interest directors (PIDs) to ensure that the "public interest" perspective remains central to all key decisions taken by the governing boards of market infrastructure institutions (MIIs). Speaking at the Public Interest Directors Conclave 2025, Pandey emphasised that MIIs must ensure all interventions made by PIDs during board meetings are appropriately recorded. Describing PIDs as "custodians of trust" within the MII ecosystem, he said, "Your role is fiduciary, moral, and institutional. You are not there merely to tick a compliance checkbox". The Sebi chief urged PIDs to exercise their independence while assessing the adequacy of financial and human resources for functions falling under verticals 1 and 2. He advised them to hold separate meetings without management or key managerial personnel (KMPs) to discuss critical governance and operational issues. Under Sebi's framework, vertical 1 covers critic

Canara HSBC Life IPO subscribed 2.29 times on final bidding day

The initial public offer of Canara HSBC Life Insurance Company Ltd received 2.29 times subscription on the final day of bidding on Tuesday. The Rs 2,517-crore IPO got bids for 38,21,61,220 shares against 16,67,15,000 shares on offer, according to data available with the NSE. The Qualified Institutional Buyers (QIBs) category received 7.05 times subscription. The portion for Retail Individual Investors (RIIs) got subscribed 42 per cent, and non-institutional investors received 33 per cent subscription. The company on Thursday said it has raised a little over Rs 750 crore from anchor investors. The insurer has fixed a price band of Rs 100-106 per share for its IPO, targeting a valuation of about Rs 10,000 crore at the upper end. Canara HSBC Life Insurance Company is a joint venture promoted by Canara Bank, which holds a 51 per cent stake, and HSBC Group's HSBC Insurance (Asia Pacific) Holdings, which owns 26 per cent. The IPO is a complete offer for sale (OFS) of 23.75 crore equity

Sensex drops 790pts from day high, Nifty below 25100: Why are markets down?

Stock market crash: Indian stock markets crashed on October 14 as Sensex fell 792 points from day's high and Nifty fell 250 pts amid global sell-off, FII outflows, rupee weakness, and expiry pressure

Festive demand, US inflation data to steer gold prices next week: Analysts

Gold prices are expected to remain volatile in the coming week as traders weigh domestic festive demand and physical market premiums to key macroeconomic data release and political developments in the US, analysts said. Investors will also closely monitor commentaries by Federal Reserve officials, including Chair Jerome Powell, on Tuesday, which will provide more cues on the trajectory of gold prices in the near term. "In the next week, focus will be on the physical demand for bullion during the festive season in India along with global political and geo-political developments, particularly the passage of the US spending bill and efforts to resume diplomacy on ending the Russia-Ukraine war. These factors are likely to shape gold price trends in the coming months," Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd, said. Mer noted that gold prices closed yet another week on a positive note, but volatility remained elevated with sharp ...

Integris Medtech files IPO papers with Sebi to garner ₹3,500-4,000 cr

Integris Medtech, a diversified medical technology platform, has filed preliminary papers with markets regulator Sebi to raise funds through an initial public offering (IPO), with people familiar with the matter pegging the issue size between Rs 3,500 crore and Rs 4,000 crore. With this, the company, which manufactures and distributes cardiac stents, is eyeing a valuation of Rs 11,000-13,000 crore, they added. According to the draft red herring prospectus (DRHP) filed on Thursday, Integris Medtech's IPO comprises a fresh issue of equity worth Rs 925 crore and an offer for sale of 2.16 crore equity shares by promoters. As part of the OFS, Evercure Holdings Pte Ltd, Gurmit Singh Chugh, and Punita Sharma will offload shares. Proceeds of the fresh issue will primarily be used for payment of debt and general corporate purposes. Backed by private equity player Everstone Capital, Integris Medtech may consider a pre-IPO placement for up to Rs 185 crore. If such placement is completed, the

Gold stays above $4,000 as silver tops $50 for first time amid rally

Silver, spurred by momentum in the gold market, strong investment demand and an ongoing supply deficit, breached the psychological barrier of $50 per ounce for the first time

WeWork India IPO closes on last day with 1.15 times subscription

The initial public offer of co-working space operator WeWork India Management Ltd sailed through on the last day of the share sale on Tuesday, getting 1.15 times subscription, led by institutional buyers. The Rs 3,000-crore IPO received bids for 2,92,68,328 shares against 2,54,89,748 shares on offer, according to NSE data. Qualified Institutional Buyers' (QIBs) category fetched 1.79 times subscription, while the quota for Retail Individual Investors (RIIs) received 61 per cent subscription. The portion for non-institutional investors got 23 per cent subscription. WeWork India has collected a little over Rs 1,348 crore from anchor investors. The company's issue has a price band of Rs 615-648 per share, valuing the company at around Rs 8,685 crore at the upper end. The initial public offer (IPO), entirely an offer for sale of up to 4.63 crore equity shares, saw promoter group entity Embassy Buildcon LLP and investor 1 Ariel Way Tenant Ltd (part of WeWork Global) divest their ...

Atlantaa zooms 73% in 3 days; why microcap infra stock hits 52-week high?

Shares of Atlantaa hit a 52-week high of ₹67.15, surging 20% on the BSE in Monday's intra-day trade, surpassing its previous high of ₹59.90 touched on October 14, 2024.

No plan to regulate family offices in India at present, says Sebi

'SEBI is not examining or pursuing this matter at present,' the regulator said in a statement

TruAlt Bioenergy shares list nearly 11% above issue price on debut

Shares of biofuels producer TruAlt Bioenergy Ltd on Friday listed with a premium of nearly 11 per cent against the issue price of Rs 496. On the BSE, the stock listed at Rs 550, a jump of 10.88 per cent from the issue price. Shares of the company started trading at Rs 545.40, a premium of 9.95 per cent on the NSE. The company's market valuation stood at Rs 4,617.78 crore. The initial share sale of TruAlt Bioenergy Ltd garnered 71.92 times subscription on the last day of offering on Monday. The company's Rs 839.28 crore IPO had a price band of Rs 472-496 per share. TruAlt's IPO was a combination of a fresh issue of shares worth Rs 750 crore and an offer-for-sale (OFS) of 18 lakh shares valued at Rs 89.28 crore at the upper end, by promoters. Funds raised through the fresh issuance will be earmarked for setting up multi-feed stock operations, payment of debt and general corporate purposes. Bengaluru-based TruAlt Bioenergy is one of the leading biofuels producers and is primarily

Valuations weigh on chemicals maker SRF outlook, gains factored in

Regulatory changes may do little to help

WeWork India IPO sees 4% subscription on first day of share sale

The initial public offering (IPO) of co-working space operator WeWork India Management Ltd received 4 per cent subscription on the first day of share sale on Friday. The IPO received bids for 11,10,440 shares against 2,54,89,748 shares on offer, as per NSE data. The quota for retail individual investors (RIIs) got subscribed 14 per cent, while the categories for qualified institutional buyers and non-institutional investors received 2 per cent subscription each. WeWork India has collected a little over Rs 1,348 crore from anchor investors. The company's Rs 3,000-crore issue will conclude on October 7. The price band has been fixed at Rs 615-648 per share, valuing the company around Rs 8,685 crore at the upper end. The IPO, entirely an offer for sale of up to 4.63 crore equity shares, will see promoter group entity Embassy Buildcon LLP and investor 1 Ariel Way Tenant Ltd (part of WeWork Global) divest their stakes. Currently, Embassy Group holds about 76.21 per cent in WeWork Indi

IPO-bound Tata Capital focuses on green financing, tech for growth

Tata Capital Ltd, set to launch its IPO next week, has identified green financing and digital innovation as its core growth pillars, backed by the merger of its IFC-backed subsidiary Tata Cleantech Capital in 2024. By FY25, the cleantech and infrastructure finance book reached Rs 18,000 crore, growing at a 31.8 per cent CAGR over the last two years, the NBFC said on Friday. "Over the last decade, the cleantech portfolio has financed over 500 renewable projects and sanctioned more than 22,400 MW of capacity across solar, wind, biomass, small hydro, among others," MD and CEO Rajiv Sabharwal said. "The cleantech segment combines rapid growth with high-quality, secured assets, underpinned by technology-driven monitoring and disciplined underwriting. The portfolio is among the cleanest in the NBFC space, positioning the company as a key mobilizer of global climate capital," he said. The Tata Group NBFC said it is building for the long term with a vision anchored on trust, ...

Lalbaba Engineering, CJ Darcl Logistics and Jerai Fitness file draft IPO

Engineering solutions company Lalbaba Engineering, CJ Darcl Logistics, the India arm of South Korea's logistics firm CJ Logistics, and fitness equipment maker Jerai Fitness and have filed draft papers with markets regulator Sebi to garner funds through initial share-sales. With these filings, the IPO pipeline remains strong. Over the past few days, nearly two dozen companies have submitted draft papers with Sebi, and so far, 77 main-board IPOs have been launched this year and several large issues are lined up for this month. The filing also comes at a time when the Indian market is experiencing a boom in primary market activity, despite a struggling broader equity market. The Kolkata-based Lalbaba Engineering's proposed IPO is a fresh issue of Rs 630 crore and an offer for sale (OFS) of Rs 370 crore by promoters, according to the draft papers filed on September 29. Proceeds from its fresh issuance worth Rs 271 crore will be utilised for funding capital expenditure requirement for .

Glottis IPO receives over two times subscription on final day of bidding

The initial public offer of logistics service provider Glottis Ltd garnered 2.05 times subscription on the final day of bidding on Wednesday. The Rs 307-crore share sale received bids for 4,12,93,878 shares against 2,01,23,929 shares on offer, according to details available with the NSE. The component meant for non-institutional investors attracted 2.97 times subscription, while the category for Qualified Institutional Buyers (QIBs) received 1.87 times subscription. The quota for Retail Individual Investors (RIIs) got subscribed 1.42 times. Glottis on Friday said it has mobilised a little over Rs 55 crore from anchor investors. The price band for the offer is Rs 120-129 per share. At the upper end, the company is valued close to Rs 1,200 crore. The Chennai-based company's IPO is a combination of a fresh issue of equity shares worth Rs 160 crore and an offer for sale (OFS) of up to 1.14 crore equity shares valued at Rs 147 crore at the upper end, by promoters. Proceeds from the fr

Jain Resource gains 37% on debut; Epack, BMW Ventures end weak

Jain Resource stock ended at ₹318, up 37.2 per cent over its issue price. At the last close, the company was valued at nearly ₹11,000 crore

LG Electronics India seeks $8.7 billion valuation in October IPO

LG Electronics India Ltd. got regulatory approval for its updated draft red herring prospectus on Thursday and filed the final version on Tuesday

LG Electronics India to launch its ₹15,000 crore IPO on October 7

LG Electronics India Ltd, the local subsidiary of South Korean conglomerate LG, is preparing to launch its Initial Public Offering (IPO) on October 7. The share sale will remain open for subscription until October 9, while the bidding for anchor investors will open on October 6, the company said in its Red Herring Prospectus (RHP) filed on Tuesday. This will be the second South Korean company to tap the Indian stock market following the listing of Hyundai Motors India Ltd in October last year. LG Electronics India had filed its preliminary papers with Sebi in December for an IPO in which the parent company will offload more than 10.18 crore shares, representing about 15 per cent stake. The company received the regulator's approval for the public offering in March. The company did not disclose the total issue size, but people familiar with the matter had earlier pegged the IPO size at Rs 15,000 crore. Since the public issue is completely an Offer For Sale(OFS), LG Electronics Ind

Stock market crash today: Trump tariffs, FII selling drag Sensex 733 pts down, Nifty near 24,650

Sensex today | Stock Market crash highlights, Sept 26: In the broader markets, the Nifty MidCap index declined 2.05 per cent and the Nifty SmallCap index eased 2.2 per cent

Swiggy's Rapido stake sale to help up cash kitty, but concerns remain

The stake sale boosts Swiggy's cash reserves as it shifts Instamart into a new subsidiary to prepare for an inventory-led model amid rising competition