Page 67 - Stock Market

Investors subscribe Vraj Iron IPO 3.46 times offer size on day 1 of bidding

The initial public offering (IPO) of Vraj Iron and Steel received 3.46 times subscription on the first day of share sale on Wednesday. The Rs 171-crore initial share sale received bids for 2,12,27,976 shares against 61,38,462 shares on offer, according to NSE data. The portion for retail individual investors (RIIs) garnered 5.05 times subscription while the category for non-institutional investors got subscribed 3.53 times. The qualified institutional buyers (QIBs) quota received 61 per cent subscription. Vraj Iron and Steel on Tuesday said it has raised a little over Rs 51 crore from anchor investors. The Rs 171-crore IPO is entirely a fresh issue of equity shares with no offer-for-sale component. Shares will be available for public subscription in the range of Rs 195 to Rs 207 per scrip. The company will use the IPO proceeds for expansion projects at the Bilaspur facility and general corporate purposes. Raipur-based Vraj Iron and Steel is into manufacturing sponge iron, MS (Mi

Stocks to watch on June 26: CE Info Systems, Yes Bank, Coforge, Sanghi Ind

Stocks to watch on June 26: According to reports, Rakesh Kumar Verma, promoter of CE Info Systems, plans to sell 0.9 per cent of the company's equity through a block deal valued at Rs 114.6 crore

Hitachi Energy surges 5% on bagging new work order worth Rs 790 cr

Hitachi Energy's shares zoomed up to 5.3 per cent at Rs 12,220 per share on the BSE in Tuesday's intraday trade

KIMS share price zooms 6% after proposing stock split; details here

Shares of Krishna Institute of Medical Sciences (KIMS) shot up to 6.4 per cent at Rs 2187 per share on the BSE in Tuesday's intraday deals

Allied Blenders IPO opens: Is Officer's Choice whiskey maker worth bidding?

Allied Blenders & Distillers Ltd. raised Rs 449.10 crore from anchor investors on June 24. Top investors included Nippon Life India Trustee, JM Financial Mutual Fund, Jupiter India Fund

Buzzing stocks: Ambuja Cements, Satin Creditcare, AllcargoGati, Sun Pharma

Stocks to watch on June 25: Ambuja Cements Ltd. has secured 24 bids for new limestone mines, adding an estimated total resource of 587 million tonnes

Stocks to watch on June 25: IndiGo, KIMS, Borosil, Swan Energy, RBL Bank

Stocks to watch on June 25: Swan Energy is set to acquire a 49 per cent equity stake in Triumph Offshore Private Ltd (TOPL) from Indian Farmers Fertiliser Cooperative Ltd (IFFCO) for Rs 440 crore

Investors subscribe Stanley Lifestyles IPO 5.22 times offer size on day 2

The initial public offer of luxury furniture brand Stanley Lifestyles received 5.22 times subscription on the second day of bidding on Monday. The Rs 537 crore initial share sale got bids for 5,34,55,000 shares against 1,02,41,507 shares on offer, as per NSE data. The portion for non-institutional investors fetched 8.85 times subscription while the quota for Retail Individual Investors (RIIs) got subscribed 6.10 times. The category for Qualified Institutional Buyers (QIBs) received 74 per cent subscription. The Initial Public Offer (IPO) has a fresh issue of up to Rs 200 crore and an offer for sale of up to 91,33,454 equity shares. The initial share sale will conclude on Tuesday and has a price range of Rs 351-369 per share. The IPO of Stanley Lifestyles got subscribed 1.43 times on the first day of subscription on Friday. Stanley Lifestyles on Thursday said it has raised a little over Rs 161 crore from anchor investors. The net proceeds from the fresh issue to the tune of Rs 90

Sanghvi Movers share price soars 5% on new order wins worth Rs 180 cr

Shares of Sanghvi Movers soared up to 4.8 per cent at Rs 1,116 per share on the BSE in Monday's intraday deals

Century Textiles shares gain 6% after acquiring residential land in Pune

Shares of Century Textiles soared up to 5.9 per cent at Rs 2,347 per share on the BSE in Monday's intraday deals

IREDA shares gain 4% after NCD fundraise gets oversubscribed by 2.65 times

Shares of Indian Renewable Energy Development Agency (IREDA) surged up to 4.2 per cent at Rs 187 per share in Monday's intraday trade

TVS Motors, IREDA, Religare Ent among six stocks to track on June 24

Stocks to watch June 24: TVS Motors has partnered with CSC Grameen e-Stores to expand its three-wheeler commercial vehicle range through village-level entrepreneurs

Nifty lacks conviction at record highs; undertone remains bullish

The Indian equity market demonstrated robust performance throughout the week, with broad market participation creating a strong and positive trading environment

Time to book profits in Nifty50, Midcap Select index? What charts reveal

The Nifty 50 Index is currently trading at 23,501.10. In the near term, the index is trading within a range of 23,700 to 23,300. A close above or below this range would trigger a directional move

Global investors turn cautious on once favourite Japanese stocks

Foreign investors, who helped push up Japanese shares to a record high just a few months ago and beat overseas peers, became net sellers for a fourth straight week through June 14

Armee Infotech files draft papers to raise Rs 250 crore through IPO

IT infrastructure solutions provider Armee Infotech Ltd has filed preliminary papers with capital markets regulator Sebi to raise Rs 250 crore through an initial public offering (IPO). The Gujarat-based company's initial share sale is completely a fresh issue of equity shares with no offer for sale (OFS) component, according to the draft red herring prospectus (DRHP) filed on Friday. Proceeds of the issue will be used to increase the working capital requirements of the company, payment of debt and general corporate purposes. Armee Infotech services a wide variety of projects for both government/public sector undertakings (PSUs) and private sector with a focus on government/PSU projects. The range of projects undertaken by the company includes supply and installation of IT hardware and software, setting up of smart classes, installing digital infrastructure for public distribution systems, and digitalisation of primary agriculture credit societies, among others. The IT industry pla

Investors subscribe IPO of Stanley Lifestyles 1.43 times offer size

The initial public offer of luxury furniture brand Stanley Lifestyles got subscribed 1.43 times on the first day of subscription on Friday. The initial share sale received bids for 1,46,69,560 shares against 1,02,41,507 shares on offer, as per NSE data. The category for non-institutional investors fetched 2.01 times subscription while the quota for Retail Individual Investors (RIIs) got subscribed 1.80 times. The part meant for Qualified Institutional Buyers (QIBs) received 30 per cent subscription. The Initial Public Offer (IPO) has a fresh issue of up to Rs 200 crore and an offer for sale of up to 91,33,454 equity shares. Price range for the offer is fixed at Rs 351-369 per share. Stanley Lifestyles on Thursday said it has raised a little over Rs 161 crore from anchor investors. The Rs 537 crore IPO will conclude on June 25. The net proceeds from the fresh issue to the tune of Rs 90.13 crore will be used by the company towards expenditure for opening new stores, Rs 39.99 crore

Akme Fintrade IPO gets nearly 54 times subscription on last day of bidding

The initial public offer of non-banking finance company Akme Fintrade (India) Ltd received 53.97 times subscription on the closing day of bidding on Friday. The Rs 132 crore initial share sale got bids for 42,44,43,250 shares against 78,65,000 shares on offer, as per NSE data. The portion for non-institutional investors garnered 129.53 times subscription while the category for Retail Individual Investors (RIIs) got subscribed 43.67 times. The Qualified Institutional Buyers (QIBs) part received 28.12 times subscription. The Initial Public Offer (IPO) of Akme Fintrade received 3 times subscription on the first day of bidding on Wednesday. The IPO has a fresh issue of up to 1.1 crore equity shares. The price range for the offer is Rs 114-120 per share. Akme Fintrade (India) Ltd on Tuesday said it has raised nearly Rs 38 crore from anchor investors. Akme Fintrade is primarily engaged in providing rural and semi-urban-centric lending solutions to customers in four states -- Rajasthan

Warburg Pincus-backed Avanse files draft papers for Rs 3,500-cr IPO

The company, promoted by Olive Vine Investment Ltd, an affiliate of private equity major Warburg Pincus, proposes to use the funds to increase its capital base for future needs

Nifty Auto bearish in near-term, Energy rangebound; check trading strategy

The Nifty Auto Index is currently trading at 25,267.85. The near-term trend for this index appears to be downward on the charts, with strong support expected around the 24,500 level