Page 13 - Markets News

Binny Bansal-backed Winspark eyes IPO after two years of profitability

Winspark, parent of PlanetSpark, expects to be profitable in FY26 and plans an IPO after achieving two straight profitable years and ₹800 crore in revenue

Anlon Healthcare IPO booked 7.12 times offer size on closing day

The initial public offer of Anlon Healthcare Ltd got subscribed 7.12 times on the closing day of share sale on Friday. The Rs 121-crore IPO received bids for 9,47,39,520 shares against 1,33,00,000 shares on offer, according to NSE data. The category for Retail Individual Investors (RIIs) fetched 47.29 times subscription, while the quota for non-institutional investors got subscribed 10.61 times. Qualified Institutional Buyers (QIBs) part received 1.07 times subscription. The initial public offer (IPO) has a fresh issue of up to 1.33 crore shares. The price range for the offer is fixed at Rs 86-91 per share. Interactive Financial Services Ltd is the book-running lead manager to the offer.

Tariffs cast long shadow on equities, Sensex slips to three-week low

With markets closed on Wednesday for Ganesh Chaturthi, the reaction came in Thursday's session

Distributors voice concerns with NSE's updated mutual fund platform

MF distributors flag concerns over client mapping and data security in NSE's upgraded platform, but the exchange says extensive testing was done and transactions remain seamless

Specialised investment funds rollout nears as AMCs secure Sebi approvals

Distribution capabilities, now limited, will gain strength over time, say MF officials

Muted industry volume outlook may cap further gains for Ashok Leyland

Ashok Leyland stock gained after Q1 results on stronger margins and GST cut hopes, but muted commercial vehicle demand and cyclicality may limit upside

Shree Refrigerations shares rally 19% on securing ₹106 crore order

Shree Refrigerations shares rose 19 per cent after it won an order from Hindustan Shipyard for five Fleet Support Ships supply.

Sebi extends deadline till December for Karvy investors to file claims

Markets regulator Sebi on Thursday extended the deadline till December for investors of defaulted broker Karvy Stock Broking Ltd (KSBL) to file their claims. KSBL was declared a defaulter by the National Stock Exchange (NSE) on November 23, 2020. Following this, investors were invited to submit claims against the broker, with the final date for submission set as June 2, 2025. Now, the regulator has "decided to extend the deadline till December 31, 2025". Investors have been suggested to take note of the deadline and are urged to file their claims before the deadline, if not lodged already, Sebi said in its statement. For assistance, investors can reach out to NSE by calling its toll-free number 1800 266 0050 or by e-mailing at defaultisc@nse.co.in, it added. In April 2023, Sebi barred KSBL and its CMD C Parthasarathy from the securities market for seven years and also imposed a penalty of Rs 21 crore on them for misappropriating clients' funds by misusing the Power of Attorney gi

Gem Aromatics ₹451 cr IPO fully subscribed on first day of bidding

The initial share sale of Gem Aromatics Ltd, a manufacturer of speciality ingredients, got fully subscribed on day one of bidding on Tuesday. The initial public offering (IPO) received bids for 1,00,64,616 shares against 97,82,363 shares on offer, translating into 1.03 times subscription, as per NSE data. Retail Individual Investors (RIIs) part received 1.08 times subscription while the category for Qualified Institutional Buyers (QIBs) got subscribed 1.05 times. Non-institutional investors category received 88 per cent subscription. Gem Aromatics on Monday mobilised over Rs 135 crore from anchor investors. The Rs 451-crore IPO will conclude on August 21. 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 ..

Street signs: Nifty's Rubicon of resistance, audit panel's empty seat, more

Market activity is set to pick up after the Independence Day weekend with five initial public offerings (IPOs) this week, collectively raising nearly ₹3,600 crore

Midcap carousel readies for September reshuffle spin in Nifty 150

Fresh entrants like Swiggy and Dabur step in as others exit, setting ₹1,800 crore in trades in motion

Of winners and walkaways: Insurers roll the dice on SBI, Eternal, and One97

Front-runners lock in ₹2,000 crore while weaker holdings fold early

Gold scales new peak; existing investors should book partial profits

New ones should stagger purchases to avoid timing risk

Sebi launches investor awareness campaign on AIR to prohibit fraud

Markets regulator Sebi on Thursday announced the launch of an investors' awareness campaign on All India Radio (AIR) specifically on frauds related to the securities market taking place through social media platforms. Also, Sebi in collaboration with the Ministry of Panchayati Raj has launched a nationwide training initiative for block-level panchayat representatives to promote financial literacy and investor education at grassroots level. In a statement, the regulator said the aim of the awareness campaign is to "caution investors to protect themselves from fraudsters, to curb fraudulent activities taking place on social media platforms, and to protect the interest of investors". To launch this campaign, the first session by Sebi Chairman Tuhin Kanta Pandey would be aired on August 15 on All India Radio channels, which has PAN India reach. The move comes in the backdrop of Sebi observing that a lot of investors losing money through stock trading fraud on various social media ...

Jio BlackRock debut powers record July inflows in mutual fund NFOs

Debt schemes and new launches push July NFO collections to an all-time high

CoinDesk owner Bullish shares indicated to open 62% above IPO price

If the stock starts to trade at the last indicated range of $55 to $60 on the NYSE, it could potentially value the billionaire venture capitalist Peter Thiel-backed company at nearly $8.77 billion

BSE Index Services launches defence index with semi-annual reconstitution

BSE Index Services, an arm of stock exchange BSE, on Wednesday announced the launch of defence index to track the performance of those stocks representing the theme. The BSE India Defence Index is derived from the constituents of BSE 1000 Index, and reconstituted semi-annually in June and December. This new index can be used for running passive strategies such as ETFs and Index Funds as well as gauging the performance of the defence sector in India, BSE Index Services said in a statement. It can also be used for benchmarking PMS strategies, mutual fund schemes and fund portfolios. "The defence sector in India is undergoing a transformative phase, driven by policy reforms, increased budgetary allocations, and a rising emphasis on indigenous manufacturing. The BSE India Defence Index offers investors a transparent, rules-based, and investable benchmark to capture this growth story," BSE Index Services MD & CEO Ashutosh Singh said.

Gem Aromatics sets price band at ₹309-325 per share for ₹451 cr IPO

Gem Aromatics, a manufacturer of speciality ingredients, on Wednesday set a price band of Rs 309 to Rs 325 per share for its upcoming initial public offering (IPO). The Rs 451-crore IPO would open for subscription on August 19 and conclude on August 21, the company announced. 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 in India, including essential oils, aroma chemicals, and value-added derivatives, with over two decades of experience. Its client portfolio includes names like Colgate-Palmolive, Dabur, Patanjali, SH Kelkar, Rossari Biotech, and Symrise, among others. The company operates three advanced manufacturing facilities located in Uttar Pradesh, Dadra and Nagar Haveli, and Gujarat. Gem Aromatics' reve

Bond yield rises to 4-month high; OIS market discounts rate cut by Dec

Selloff continues despite retail inflation hitting 8-year low

MF roster swells to 50: 8 licences issued in 2 years, 8 more await Sebi nod

This phase has also been marked by growing adoption of systematic investment plans for MF investing, ensuring a consistent flow of investments into the industry