Page 10 - Markets News

FPIs yanked out ₹1.45 trillion from oil, IT, auto over past 12 months

Overseas investors have sold oil & gas stocks worth ₹57,207 crore, IT stocks worth ₹53,352 crore, and auto stocks worth ₹35,292 crore, totalling ₹1.45 trillion or 80 per cent of the net selling

RBI raises IPO financing limit to ₹25 lakh, loan against shares to ₹1 cr

This move is expected to encourage greater participation by high-net-worth individuals (HNIs) and deepen engagement in the primary market

Sebi bars Man Industries, top executives for 2 yrs over 'fund diversion'

The regulator found the company failed to consolidate its unit, Merino Shelters, in its financials between fiscal years 2015 and 2021

Competitive pressures may cap upsides for Container Corporation of India

Pricing challenges, muted domestic growth offset gains in exim volumes

Zoho IPO unlikely soon, hints Sridhar Vembu; focus on R&D initiatives

Zoho founder Sridhar Vembu said the company will not seek an IPO soon, citing the success of Arattai and its focus on Bharat-specific research and development projects

Elevate Campuses files DRHP with Sebi to raise ₹2,550 crore via IPO

Elevate Campuses, India's largest student accommodation platform, has filed draft papers with Sebi for a Rs 2,550 crore IPO to fund acquisitions, debt repayment and expansion

Om Freight Forwarders ₹122.3 crore IPO fully subscribed on day one

The initial public offering (IPO) of Om Freight Forwarders Ltd, a logistics and freight forwarding company, got fully subscribed on the first day of share sale on Monday. The Rs 122.3-crore IPO received bids for 1,09,96,659 shares against 79,16,945 shares on offer, translating into 1.39 times subscription, according to NSE data. The portion meant for non-institutional investors garnered 4.03 times subscription. Qualified institutional buyers category got subscribed 1.10 times and retail individual investors portion received 54 per cent subscription. The IPO has a fresh issue of up to Rs 24.43 crore and an offer for sale of up to 72,50,000 shares. The IPO has a price range of Rs 128-135 per share. Smart Horizon Capital Advisors is the book running lead manager to the offer.

US indices rise as investors look past hawkish talk, await shutdown clarity

The Dow Jones Industrial Average rose 59.0 points, or 0.13%, at the open to 46,306.34. The S&P 500 rose 17.9 points, or 0.27%, to 6,661.58

Kusumgar files draft papers with Sebi to raise ₹650 crore through IPO

Engineered fabric manufacturer Kusumgar Ltd has filed draft papers with capital markets regulator Sebi to raise Rs 650 crore through an initial public offering (IPO). The IPO is entirely an offer-for-sale (OFS) by promoters, according to the draft red herring prospectus (DRHP) filed on Saturday. Since the issue is an OFS, Mumbai-based Kusumgar will not receive any proceeds from it, and the funds will go entirely to the selling shareholders. Founded in 1990, the company is a manufacturer of woven, coated and laminated synthetic fabrics, referred to as engineered fabrics. It manufactures products primarily for aerospace and defence fabrics, industrial and automotive fabrics, and outdoor and lifestyle fabrics. The company, which has six manufacturing facilities in Gujarat and one fabrication unit in Uttar Pradesh, has posted revenue from operations of Rs 779 crore and net profit of Rs 112 crore for FY25. Axis Capital, IIFL Capital Services and Motilal Oswal Investment Advisors are th

Govt to borrow ₹6.77 trillion in H2; share of ultra-long-term bonds reduced

Borrowing in H2 includes issuing of ₹10,000 crore through sovereign green bonds (SGrBs)

H2FY26 borrowing calendar: G-sec yields set to fall as weekly supply eases

RBI's borrowing calendar extends weekly issuances into March and trims ultra-long supply, with the 10-year yield expected to open below 6.50 per cent on Monday

GST cuts, premiumisation and scooter launches boost TVS Motor outlook

TVS Motor's stock is expected to gain further with GST rate cuts, premiumisation, new scooter launches, and robust sales momentum in domestic and export markets

SBI MF's Magnum SIF to debut Oct 1 with hybrid long-short scheme

The scheme also has the mandate to invest up to 10 per cent in real estate investment trusts and infrastructure investment trusts and up to 25 per cent in unhedged derivatives

Atlanta Electricals IPO garners 70.63 times subscription on final day

The initial share sale of Atlanta Electricals Ltd, manufacturer of power, auto and inverter duty transformers, fetched 70.63 times subscription on the final day of bidding on Wednesday. The initial public offer (IPO) received bids for 46,17,87,742 shares against 65,38,439 shares on offer, according to details available with the NSE. The Qualified Institutional Buyers (QIBs) portion received a huge 194.92 times subscription. The quota for non-institutional investors attracted 54.20 times subscription, and the category for Retail Individual Investors (RIIs) got subscribed 10.42 times. Atlanta Electricals Ltd on Friday said it has raised Rs 205 crore from anchor investors. The company's Rs 687-crore initial public offering (IPO) has a price band of Rs 718-754 per share, valuing the company at roughly Rs 5,800 crore at the upper end. The Gujarat-based company's IPO is a combination of a fresh issue of equity shares worth Rs 400 crore and an offer for sale (OFS) of 38.1 lakh equity sha

Nabard raises ₹4,039 crore at 6.85% coupon, short of ₹7,000 crore target

Yields remain sticky with marquee state-owned issuers preferring shorter maturities

Capri Global Capital to raise ₹400 crore via NCD issue from Sept 30

Capri Global Capital plans to raise Rs 400 crore through a public NCD issue with four tenure options, coupon rates up to 9.7 per cent and ratings of AA Positive and AA Stable

Apeda figures low in fiscal support even as India looks to sign FTAs

Comparatively modest expenses on salaries and establishment could be a reason

Nabard, PFC plans to raise ₹10,000 crore from corporate bond market

PFC, NABARD and Solar Energy Corporation will raise funds via corporate bonds this week, tapping strong institutional demand ahead of RBI's October monetary policy review

IT slump drags Sensex and Nifty down 0.5% after H-1B visa fee hike

IT stocks tumbled after the US raised H-1B visa fees, erasing Rs 85,000 crore in market value and dragging Sensex and Nifty lower, though analysts remain optimistic

Atlanta Electricals IPO subscribed 97% on the first day of bidding

The initial public offer of Atlanta Electricals Ltd, manufacturer of power, auto and inverter duty transformers, got subscribed 97 per cent on the first day of bidding on Monday. The received bids for 63,51,928 shares against 65,38,439 shares on offer, as per NSE data. The categories for Qualified Institutional Buyers (QIBs) and non-institutional investors got full subscription. Retail Individual Investors (RIIs) quota got subscribed 95 per cent. Atlanta Electricals Ltd on Friday said it has raised Rs 205 crore from anchor investors. The company's Rs 687-crore initial public offering (IPO) will conclude on September 24. The price band of Rs 718-754 per share values the company at roughly Rs 5,800 crore at the upper end. The Gujarat-based company's IPO is a combination of a fresh issue of equity shares worth Rs 400 crore and an offer for sale (OFS) of 38.1 lakh equity shares valued at Rs 287 crore at the upper end of the price band, by a promoter and other selling shareholders. Th