Page 2 - Market News

Omnitech Engineering IPO subscribed 8% on the first day of bidding

The initial public offering of Omnitech Engineering Ltd, a manufacturer of precision-engineered components, was subscribed by 8 per cent on Wednesday, the first day of bidding. The IPO received bids for 15,63,738 shares against 1,89,09,890 shares on offer, as per NSE data. Qualified Institutional Buyers (QIBs) quota received 13 per cent subscription, while the category for non-institutional investors was subscribed by 6 per cent. Retail Individual Investors (RIIs) portion received 6 per cent subscription. Omnitech Engineering on Tuesday raised over Rs 174 crore from anchor investors. The company's Rs 583-crore initial share sale will conclude on February 27. The price band has been fixed at Rs 216-227 per share, valuing the company at over Rs 2,800 crore. The IPO is a combination of fresh issuance of equity shares worth up to Rs 418 crore and an Offer For Sale component of equity shares valued at 165 crore by promoter Udaykumar Arunkumar Parekh. Proceeds from the fresh issue wil

Debt fundraising of Reits and Invits at record high, shows data

RBI proposes bank lending route as trusts raise record ₹37,742 crore in FY26

Kotak AMC AUM tops ₹6 trillion; Gaudium IVF IPO booked 7x on last day

The initial public offering (IPO) of fertility services provider Gaudium IVF and Women Health received 7.27 times subscription on the final day of share sale on Tuesday

Gold hits three-week high on uncertainty over Donald Trump tariff plans

US gold futures for April delivery were up 2.7 per cent at $5,219

Holding company discount, debt are a drag on agro firm UPL restructuring

UPL shares tumble after rejig; brokerages flag holding company discount and limited value unlocking amid persistent debt overhang

Sebi suspends senior officer; chairman signals zero tolerance on misconduct

Sebi has suspended a general manager over alleged misuse of position, with Chairman Tuhin Kanta Pandey stressing that the regulator will act firmly against any egregious behaviour by its staff

Sebi plans overhaul of PMS regulations, flags need for stronger governance

Regulator to revisit 2020 portfolio manager norms, tighten governance, curb mis-selling and explore exchange-based pre-ipo trading mechanism

PNGS Reva Diamond IPO: Brokerages split on prospects; should you apply?

PNGS Reva Diamond Jewellery has set the price band in the range of ₹367 to ₹386, with a lot size of 32 shares

FIIs cut stake in IT firms in Q3FY26 amid AI woes; here's what data shows

According to the shareholding pattern of top Indian IT companies, FIIs have trimmed their stake over the last one year amid growing fear that AI is causing significant disruption

MCX, NSE remove additional margins on gold, silver future contracts

MCX and NSE said have removed an extra 3 per cent margin on all gold futures contracts and 7 per cent on all silver futures contracts, starting today. The move is expected to ease margin requirements

Santam Re opens GIFT City branch to scale Indian and Asian reinsurance play

Santam Re has launched its GIFT City branch as an IFSC office, focusing initially on India's reinsurance market before expanding into broader Asian and Middle Eastern regions

Gold, silver ETFs and FoFs drive MF investor additions to 18-month high

A rally in gold and silver pushed MF investor additions to an 18-month high in January, with 1.2 million new investors joining and precious metal ETFs driving most folio growth

Only 65% IPOs in FY26 have opened higher than issue price, a seven-year low

Share of IPOs opening above issue price drops to 64.6%, median gains shrink sharply amid market volatility

Sebi forms working group to review ESG rating norms, enhance transparency

Sebi has constituted a working group comprising issuers, investors, rating providers and legal experts to review the ESG rating framework and recommend policy measures

DCM Shriram Fine Chemicals, DCM Shriram International debut after demerger

DCM Shriram Fine Chemicals and DCM Shriram International shares today debuted on the bourses after demerger from DCM Shriram Industries

Valuations reflect growth prospects as Siemens Energy expands capacity

Siemens Energy's December-quarter results show strong revenue and profit growth, a rising order book, and major capex plans across transmission and generation as demand momentum builds

Ola Electric hit by volume slump, market share loss as Q3 revenue plunges

Ola Electric's Q3FY26 revenue fell 55% amid a steep drop in scooter volumes, triggering a 7% slide in its stock as brokerages flagged prolonged turnaround risks and ongoing market share erosion

Brokers body may approach RBI on funding norms, flags market concerns

Brokerages are planning to approach the RBI to review revised capital market exposure norms, which they say could hurt proprietary trading, raise MTF funding costs and weigh on market liquidity

NSE appoints Rothschild & Co as independent adviser for IPO process

Exchange names Rothschild & Co to lead transparent selection of intermediaries for its IPO, which will be entirely a secondary share sale

Bombay High Court disposes final writ against WeWork India's IPO

The court also disposed of the accompanying interim application seeking amendment of the writ petition, without granting liberty to refile