Page 149 - Share Market

Street Signs: Nifty support seen at 19,600, Buyback cushion for TCS & more

Shares of IRM Energy, a gas distributor, were commanding a grey market premium of close to 13 per cent ahead of its Rs 544 crore initial public offering (IPO)

Sebi probing ties between Adani Group and Gulf Asia fund, says report

The fund has invested in several listed Adani firms, according to the OCCRP and data from investigative journalist group

LIC's market share drops to 58.5% till September from 68.2% in a year

As a result, the life insurance industry's new business premium declined almost 13 per cent during the first six months, to Rs 1,58,376.81 crore

Share lock-in period of nearly 17 IPOs to end this month, shows data

In most cases, it is the end of the 30-day lock-in period that anchor investors (on half their shares) have to observe

MCX shares hit record highs; Krystal Integrated Services files IPO papers

Krystal Family Holdings owns 100 per cent stake in the company

Broader markets witness fresh turbulence amid Israel-Hamas conflict

This was the worst fall for the smallcap index since September 12, when it had tanked over 4 per cent

Mop-up via pre-IPO placements hits at least 6-year high, shows data

Amount close to Rs 1,000 crore in 2023; bankers say deals now happening closer to IPO price as opposed to deep discounts earlier

Mutual fund industry sees best AUM growth in two years, shows data

The growth in AUM results from both market performance and fresh investments

Azad Engineering Ltd submits application for Rs 740 cr IPO with Sebi

Azad Engineering Ltd has filed draft papers with capital markets regulator Sebi to raise Rs 740 crore through an initial public offering (IPO). The company's IPO comprises a fresh issue of up to Rs 240 crore and an offer-for-sale (OFS) of equity shares aggregating up to Rs 500 crore by a promoter and investors, according to the draft red herring prospectus (DRHP). The OFS consists of the sale of equity shares aggregating up to Rs 170 crore by promoter Rakesh Chopdar, equity shares worth up to Rs 280 crore by Piramal Structured Credit Opportunities Fund and equity shares to the tune of up to Rs 50 crore by DMI Finance. Proceeds from the fresh issues will be used for funding capital expenditure of the company, payment of debt, and general corporate purposes, as per the draft papers filed on Friday. Azad Engineering is one of the key manufacturers of their qualified product lines supplying global original equipment manufacturers (OEMs) in the aerospace and defence, energy, and oil an

Cautious optimism

Global headwinds may add to volatility in stocks

Popular Vehicles and Services Ltd files IPO papers with Sebi again

Popular Vehicles and Services Ltd, which is engaged in automotive dealerships, has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial share sale. This is the company's second attempt to go public. Earlier, the company filed draft papers with the Securities and Exchange Board of India (Sebi) in August 2021 for floating an Initial Public Offering (IPO) but deferred the maiden public issue amid uncertain market conditions. According to the Draft Red Herring Prospectus (DRHP) filed on Thursday, the IPO comprises fresh issuance of equity shares worth Rs 250 crore and an Offer For Sale (OFS) of 1.42 crore equity shares by Banyantree Growth Capital II, LLC. Besides, the company is looking to raise Rs 50 crore in a pre-IPO placement round. If such placement is undertaken, the fresh issue size will be reduced. Proceeds of the fresh issue will be used for payment of debt and general corporate purposes. The Kerala-based company is a leading divers

Shreyas Shipping stock falls after counter offer; Juniper Hotels files DRHP

Juniper Hotels, which runs hotels under the Hyatt brand, has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi)

IPO issuances in first half of FY24 hit 16-year high, raise Rs 26,272 crore

Rally in small and midcap funds leads to a spurt in activity

Nuvama Wealth Management makes NSE debut; stock settles at Rs 2,612

The company is aiming to double its bottomline in three years underpinned by the growing number of wealthy Indians and their demand for investment solutions

OYO's growth 'incredibly strong', can't give timeline for IPO: Troy Alstead

Profitability 'starting point' ensure growth, says independent director of hospitality major

RR Kabel subscribed 19x; Lukewarm response for Samhi Hotels & more

Fintech player Zaggle Prepaid Ocean Services' initial public offering (IPO) received 43 per cent subscription on the second day of bidding

Volume, margin movement to be key drivers for Concor stock going ahead

Despite the weak Q1 show, the company is confident of meeting its EXIM growth target of 10-12% in FY24 given signs of recovery, and expects to maintain margins at the FY23 level (22.7%)

Sensex extends rally to 6th day, ends 333 pts higher; Nifty reclaims 19,800

CLOSING BELL ON SEPTEMBER 08, 2023: L&T, Airtel and banks were the major movers on Friday; the S&P BSE Sensex has rallied 1,767 points in the last six straight trading sessions.

Jio Financial hit upper circuit limit for 3rd straight trading session

Shares of Jio Financial Services Ltd (JFSL), the demerged financial services unit of Reliance Industries, on Wednesday touched its upper circuit limit for the third consecutive day. Jio Financial Services jumped by 4.99 per cent to close at Rs 232.70 apiece -- its upper circuit limit -- on the BSE. On the NSE, it climbed 4.99 per cent to hit its upper circuit limit of Rs 231.25 per share. The company commanded a market valuation of Rs 1,47,840.92 crore on the BSE. In volume terms, 72.41 lakh shares were traded on the BSE while 2.14 crore shares were traded on the NSE. The 30-share BSE Sensex and Nifty closed on a flat note at 65,087.25 points and 19,347.45 points, respectively, on Wednesday. During the Annual General Meeting (AGM) on Monday, Reliance Industries Chairman Mukesh Ambani announced that Jio Financial Services will enter the insurance segment to offer life, general and health insurance products. It will leverage 450 million mobile phone subscribers' base of the teleco

Rishabh Instruments' IPO to open on Aug 30; price band fixed Rs 418-441

Global energy efficiency solution company Rishabh Instruments Ltd on Friday said it has fixed a price band of Rs 418-441 per share for its Rs 491-crore initial public offering (IPO). The maiden public issue will open for subscription on August 30 and close on September 1, the company announced. The IPO comprises a fresh issue of equity shares aggregating up to Rs 75 crore and an offer for sale (OFS) for up to 94.3 lakh equity shares by its promoter group shareholders and an existing investor, according to its draft red herring prospectus (DRHP). Asha Narendra Goliya, Narendra Rishabh Goliya (HUF), Rishabh Narendra Goliya, and SACEF Holdings II will offload shares of the company in the OFS. Proceeds from the issue worth Rs 59.50 crore will be utilised towards financing the expansion of its manufacturing facility in Nashik and for general corporate purposes. The company through its IPO will fetch Rs 469.10 crore - Rs 490.78 crore at the lower and upper end of the price band, ...