Page 38 - Nse

Drone maker ideaforge Technology IPO subscribed whopping 106 times

Drone maker ideaforge Technology's initial public offer was subscribed whopping 106.05 times on the closing day of subscription on Friday, helped by huge participation from investors. The Rs 567.24-crore initial share sale received bids for 49,30,29,570 shares against 46,48,870 shares on offer, as per NSE data. The Qualified Institutional Buyers (QIBs) category was subscribed a huge 125.81 times. The portion for Retail Individual Investors (RIIs) fetched 85.16 times subscriptions and the non-institutional investors part got subscribed 80.58 times. The Initial Public Offer (IPO) has a fresh issue aggregating up to Rs 240 crore and an offer for sale of up to 48,69,712 equity shares. The price range for the offer was Rs 638-672 a share. Of the total proceeds from the fresh issuance, Rs 50 crore will be utilised for debt payment, Rs 135 crore towards funding the working capital gap, Rs 40 crore for investment in product development and the remaining amount for general corporate ...

Hospitality firm PKH Ventures IPO subscribed 6% on day 1 of offer

The initial share sale of construction and hospitality firm PKH Ventures got subscribed 6 per cent on the first day of subscription on Friday. The IPO received bids for 15,59,400 shares against 2,56,32,000 shares on offer, according to NSE data. The category for Retail Individual Investors (RIIs) received 13 per cent subscription while the portion for non institutional investors got subscribed 10 per cent. The public issue of up to 2,56,32,000 equity shares of face value of Rs 5 each has a fresh issue of up to 1,82,58,400 shares and an Offer for Sale (OFS) of up to 73,73,600 shares by its promoter, Pravin Kumar Agarwal. The company through its IPO will fetch Rs 358.85 crore and Rs 379.35 crore at the lower and the upper ends of the price band, respectively. Price range for the offer is Rs 140-148 a share. The initial public offering (IPO) will conclude on July 4. The Mumbai-based company has three business verticals -- construction and management, hospitality, and management ...

Stock market holiday: NSE, BSE to remain shut today on account of Bakri Eid

Stock market holiday was changed from June 28 to June 29 after the Maharashtra government issued an order, postponing the data of the Bakri Eid holiday in the state

3 of crisis management team settle NSE 2021 trading glitch case with Sebi

Three persons, who were part of the crisis management team at the National Stock Exchange (NSE), on Wednesday settled with markets regulator Sebi a case of trading glitch that occurred at the bourse in February 2021. The three executives settled the case with Sebi on non-monetary settlement terms as the regulator ordered them to do community service for the cause of investor education and awareness for 14 days. Also, they have been directed to take up and pass appropriate training courses. Those who settled the case were -- Ravi Varanasi, who was Chief Business Development Officer at NSE, K S Somasundaram, who was Chief Enterprise Risk & Information Security Officer of NSE and Mayur Sindhwad, who was Chief Operating Officer of the bourse, at the time of the glitch. Trading was halted at the NSE for nearly four hours on February 24, 2021, reportedly due to telecom links failure leading to unavailability of the online risk management system of NSE Clearing Ltd (NCL). NCL, a ...

WWD Ruby exits Sapphire Foods, pares 4.77% stake for over Rs 417 cr

WWD Ruby sold its entire 4.77 per cent stake in restaurant chain operator Sapphire Foods India Ltd for over Rs 417 crore through open market transactions. The shares were lapped up by investors, including Nomura, Societe Generale, and Goldman Sachs (Singapore) Pte. According to bulk deal data with the National Stock Exchange (NSE), WWD Ruby sold a total of 30,30,215 shares, amounting to a 4.77 per cent stake, in the restaurant chain operator. The shares were divested at an average price of Rs 1,377.1 apiece, translating into a transaction size of Rs 417.3 crore, the data showed. In December 2022, WWD Ruby sold 30.45 lakh scrips or a 4.8 per cent stake in Sapphire Foods. Sapphire Foods is an omnichannel restaurant operator and the largest franchisee of Yum! Brands in the Indian subcontinent. Shares of Sapphire Foods were settled 1.37 per cent higher at Rs 1,410.05 on the NSE on Tuesday.

Delhi's Deer Park de-recognised as 'mini zoo', deers to be shifted out

The initial public offer of drone maker ideaforge Technology Limited was subscribed 13.27 times on the second day of share sale on Tuesday. The Rs 567.24 crore initial share sale received bids for 6,16,78,386 shares against 46,48,870 shares on offer, according to NSE data. The category for Retail Individual Investors (RIIs) received 36.36 times subscription, non-institutional investors quota got subscribed 21.59 times and Qualified Institutional Buyers (QIBs) portion 1.34 times. The Initial Public Offer (IPO) has a fresh issue of up to Rs 240 crore and an offer for sale of up to 4,869,712 equity shares. The IPO is in a price range of Rs 638-672 a share. Proceeds from the fresh issuance to the tune of Rs 50 crore will be utilised for debt payment, Rs 135 crore towards funding working capital gap, Rs 40 crore for investment in product development and the remaining amount for general corporate purposes. Founded in 2007, the Mumbai-based company has the largest operational deployment

Stock market holiday on Bakri Id rescheduled to June 29 from June 28

This comes after the Maharashtra government postponed the Bakri Id holiday in the state to June 29 from June 28

MCX shares fall as exchange cancels mock trading session for new platform

Shares of Multi Commodity Exchange (MCX) fell over 3 per cent on Friday, a day after the exchange cancelled the mock trading session for the new trading platform. The exchange is in the process of implementing a new commodity derivative platform. In a circular on Thursday, MCX said, "the exchange had proposed a mock trading session on 22 June 2023, from 05.00 pm to 11.30 pm which stands cancelled." The stock went lower by 3.12 per cent to settle at Rs 1,570.45 on the BSE. During the day, it fell 6.37 per cent to Rs 1,517.80. At NSE, it declined 3.28 per cent to end at Rs 1,568.80. Earlier this week, the exchange had proposed a mock trading session on June 19 also but cancelled the same. The exchange had earlier also announced to conduct mock trading sessions to familiarise members with the new trading platform. "MCX stock price fell on June 23 as media carried reports in the morning about cancellation of mock trading on the previous day. Mock trading has been cancelled on a coup

NSE, NITIE ink pact for academic, research collaboration in economics

Leading stock exchange NSE on Friday said it has joined hands with the business school National Institute of Industrial Engineering (NITIE) Mumbai for an academic and research collaboration in finance and economics. The move is aimed at creating an industry-ready talent pool by utilising mutual capabilities, the National Stock Exchange (NSE) said in a statement. The pact covers a wide range of activities, including capacity building through the design and development of courses in finance and economics, undertaking research in areas like fintech and organising seminars, conferences and symposia, among others. Also, NSE and NITIE will collectively work towards contributing to the literature on financial market research in the country and promoting general financial market awareness and policy advocacy.

Tech use, reviews, rating: What to look for when picking a stockbroker

List your requirements and shun firms with a high number of complaints against them

Street Signs: Beefing up colocation facility, auditors on the run & more

NSE to expand colocation facility offerings, the allotments for these racks are to be done over the next six months by the first-in, first-out method

Markets are pricing in some risks to growth: Julius Baer India's Kulkarni

India has emerged as a favourite destination for investors amid global developments, and the growth prospects here are catching the attention of many, says Unmesh Kulkarni, MD, Julius Baer India

With falling inflation, stock markets about to hit 52 week high levels

With falling inflation, and healthy economic numbers, the two Indian stock markets opened and closed at a higher note on Friday and are near their 52 week high levels

NSE lays framework for action against brokers for misuse of clients funds

The National Stock Exchange (NSE) on Wednesday came out with a framework for taking immediate actions against trading members in case of misuse of client funds by them. In the recent past, the exchange has observed instances of misuse of client funds during its inspections as well as in the alerts generated under offsite supervision. In order to initiate immediate actions in critical cases where misuse of client funds is observed, the exchange said that proprietary deposits of the trading member available with the clearing house, NSE Clearing Ltd (NCL), will be blocked to the extent of the misuse amount or Rs 10 crore, whichever is lower, according to a circular. The action will be taken for violating "principles of enhanced supervision" for stock brokers in case of misuse of clients funds. In case misuse is observed with regards to "principles of enhanced supervision" for stock brokers, NSE said the amount equivalent to the aggregate amount of all principles, will be ...

NSE, Maha, Moneybee Institute sign MoU to launch investor-awareness project

The institute's website says that it has been engaged in training related to finance and investments since 2007

India set for $168 bn behemoth as HDFC merger to be completed by 20 July

Announcement of the so called 'record date' - or the cut-off day set for investors - for the swapping of shares of Housing Development Finance Corp. for HDFC Bank Ltd

Stay put in investment-worthy stocks for at least a year: Kisan R Choksey

Making money fast is not possible in the stock market; one needs to hold the stock/shares for at least a year,

Cracking the investment strategy: FPIs are bullish on finance, auto stocks

Load up on financials, automotive stocks in May

Stellar show by banks, but will it continue?

There are challenges ahead. It won't be easy for the banking sector to put up a better performance every quarter

Street signs: Mkts turn skittish near new highs, Index fund inflows & more

The benchmark indices registered declines in the previous two trading sessions, which could be a bearish sign, observe analysts