Page 87 - Stock Market

Juniper Hotels' Rs 1,800 crore IPO to open on for bidding on February 21

Juniper Hotels Ltd, which runs hotels under the "Hyatt" brand, on Thursday fixed a price band of Rs 342-360 per share for its Rs 1,800-crore initial public offering (IPO). The maiden public issue will open for subscription on February 21 and close on February 23, the company said in a statement. The IPO is entirely a fresh issue of equity shares worth Rs 1,800 crore with no Offer For Sale (OFS) component. Of the total proceeds, funds to the tune of Rs 1,500 crore will be utilised for payment of debt availed by the company and subsidiaries -- Chartered Hotels Private Limited and Chartered Hampi Hotels Private Limited. Besides, a portion will be used for general corporate purposes. Juniper Hotels is promoted by Saraf Hotels Ltd and its affiliate-- Juniper Investments Ltd-- and Two Seas Holdings Ltd, an indirect subsidiary of a global hospitality company Hyatt Hotels Corporation. The hospitality firm has a portfolio of seven hotels and serviced apartments and operates 1,836 keys ac

Analysts hopeful for Hindalco despite Novelis' capex revised upwards

Analysts maintained consensus 'buy' rating on Hindalco though the stock lost over 12 per cent post Q3 on Tuesday, mainly due to the sharp increase in Novelis' capex, and ended flat on Wednesday

Smallcap selloff weighs on sentiment causing dull debut for new listings

Jana, Capital Small Finance Bank slip below IPO price

Mutual Funds' Rs 13k cr balm as FPIs bleed out HDFC Bank in January

MFs bought 88.2 million shares in January after selling 53.3 million shares during the November-December period

Investors subscribe Vibhor Steel Tubes IPO 101 times on day 2 of bidding

The initial public offer of steel pipes manufacturer Vibhor Steel Tubes Ltd was subscribed by a whopping 101.30 times on the second day of bidding on Wednesday. The IPO received bids for 36,39,20,733 shares against 35,92,445 shares on offer, garnering a 101.30 times subscription, as per NSE data. The portion for non-institutional investors subscribed 252.07 times, while the quota for retail individual investors (RIIs) received 90.11 times subscription. The category for qualified institutional buyers (QIBs) subscribed 8.52 times. On Monday, Vibhor Steel Tubes collected nearly Rs 22 crore from anchor investors. The price band has been fixed at Rs 141-151 per share. The IPO will close on Thursday, February 15. The Haryana-based Vibhor Steel Tubes's initial public offering (IPO) comprises a fresh issue of equity shares with a face value of Rs 10 each, aggregating to an issue size of up to Rs 72.17 crore through the book-building route. Proceeds from the issue will be utilised for wor

Travel portal Ixigo's parent firm files draft papers with Sebi to float IPO

Le Travenues Technology Ltd, which operates travel booking platform ixigo, on Wednesday filed preliminary papers with Sebi to raise funds through an initial public offering. The Gurugram-based company's Initial Public Offering (IPO) will be a combination of fresh issue of equity shares worth Rs 120 crore and an Offer For Sale (OFS) of 6.66 crore equity shares by existing shareholders, according to the Draft Red Herring Prospectus (DRHP). SAIF Partners India IV Ltd, Peak XV Partners Investments V (formerly known as SCI Investments V), Micromax Informatics Ltd, Placid Holdings, Catalyst Trusteeship Ltd, Madison India Capital HC, Aloke Bajpai and Rajnish Kumar will be selling shares through the OFS. Proceeds worth Rs 45 crore from the fresh issue will be used to fund the company's working capital requirements and Rs 26 crore will be utilised for investments in technology as well as data science, including on cloud and server hosting, technology on artificial intelligence and customer

Vedanta's parent may sell $1 billion worth shares to GQG Partners: Report

Saddled with $6.4 bn in outstanding debt, including $4.5 bn payment due by fiscal 2025, Vedanta Resources has been attempting to shore up finances, including through recent debt restructuring

Sony plans IPO for financial arm in Oct 2025 after PS5 sales falter

The company revealed plans for the partial sale after reporting earnings and revising its forecasts for the fiscal year through March

Esconet Tech IPO to open on February 16, price band at Rs 80-84 per share

IT system integrator firm Esconet Technologies on Wednesday fixed the price band at Rs 80-84 apiece for its Rs 28.22 crore initial public offering which will open for subscription on February 16. Esconet proposes to utilise Rs 16 crore of the IPO proceeds towards funding its long-term working capital requirements, besides investing Rs 2.5 crore in its wholly-owned subsidiary, ZeaCloud Services Private Limited to acquire additional hardware and software. The issue will comprise a fresh issue of 33,60,000 equity shares with a face value of Rs 10 through the book-building route. The company has reserved 9.53 lakh equity shares for the anchor portion, 1.76 lakh equity shares for market makers, 4.78 lakh equity shares allocated for high net-worth individuals, 6.36 lakh equity shares for qualified institutional buyers, and Retail portion accounts for 11.15 lakh equity shares. The anchor portion will be opened on February 15, and the issue will conclude on February 20. The company intends

Ipca Labs Q3 results: Profit up 67% at Rs 180 cr, revenue at Rs 2,053 cr

Ipca Laboratories on Wednesday reported 67 per cent increase in consolidated net profit at Rs 180 crore for the third quarter ended December 31, 2023. The drugmaker had reported a net profit of Rs 108 crore for October-December FY23. Revenue from operations rose to Rs 2,053 crore from Rs 1,546 crore in the year-ago period, Ipca Laboratories said in a regulatory filing. Shares of the company were trading 0.86 per cent down at Rs 1,150.15 apiece on the BSE.

Crude oil prices hold firm on Opec demand forecast, US fuel stocks

Brent crude futures rose 6 cents, or 0.07%, to $82.83 a barrel by 0953 GMT. US West Texas Intermediate (WTI) crude futures were flat at $77.87

Wall street analysts racing to boost targets of Nvidia after $560 bn rally

The chip giant's shares have surged 46% this year and added about $560 billion in market value as of Monday, when they closed at a record around $722

Red-hot smallcaps, PSUs run into rough weather; Sensex falls 523 points

Profit-taking on valuation concerns triggers collapse

The listing dilemma

When deciding between listing in India and the US, founders should prioritise long-term considerations over listing price

Inflation, industrial production data to drive market trends: Analysts

Stock markets would take cues from the upcoming macroeconomic data announcements and global trends besides keeping a watch on the trading activity of foreign investors, analysts said. The last batch of the ongoing earnings calendar would trigger stock-specific action, traders said. "This week, we have to deal with macroeconomic data on both the domestic and global front. Our IIP and retail inflation numbers will be released on February 12, while WPI will be released on February 14. The US CPI numbers will be released on February 13, while their retail sales numbers will be announced on February 15. "Amid these numbers, the movement in US bond yields and the dollar index will be watched. Apart from this, movement of crude oil and flows from institutional investors will be other important factors. The last batch of Q3 earnings can lead to stock-specific movements," said Santosh Meena, Head of Research, Swastika Investmart Ltd. NHPC, SAIL, BHEL, Hindustan Copper, Mahindra & Mahindra,

NSE Q3 results: Profit rises 8% to Rs 1,975 cr, income at Rs 3,517 cr

The National Stock Exchange (NSE) on Saturday reported an 8 per cent rise in consolidated net profit to Rs 1,975 crore for three months ended December 2023. The consolidated income from operations stood at Rs 3,517 crore for the October-December quarter of the current financial year (2023-24), a surge of 25 per cent year-on-year, NSE said in a statement. Apart from trading, the total revenue was also supported by other revenue lines, including listing, index services, data services and co-location facility, the exchange added. During the first nine months of FY24, NSE contributed Rs 28,131 crore to the exchequer, which comprised STT (Securities Transaction Tax) of Rs 23,137 crore, Income tax (Rs 1,490 crore), Stamp duty (Rs 1,456 crore), GST (Rs 1,257 crore) and Sebi charges (Rs 791 crore). On the trading volumes front, cash markets recorded an average daily traded volumes (ADTVs) of Rs 80,512 crore, a growth of 50 per cent on a year-on-year (YoY) basis, equity futures reached an A

BSE Mid & SmallCap indices sink 3%: What's driving the underperformance?

The broader market breadth was weak with 2,813 stocks declining and 823 gaining on the BSE

Walt Disney's stock soars on strong results ahead of face-off with Peltz

The entertainment giant issued an upbeat profit outlook for the year, giving Chief Executive Officer Bob Iger ammunition to deflect proxy challenges at its shareholder meeting this spring

Rashi Peripherals IPO receives 3.19 times subscription on Day 2 of offer

The initial share sale of information and communications technology products distributor Rashi Peripherals received 3.19 times subscription on Thursday, the second day of bidding. The Initial Public Offer (IPO) received bids for 4,53,93,936 shares against 1,42,37,289 shares on offer, according to data available with the NSE. The portion for non-institutional investors got subscribed 5.88 times while the category for Retail Individual Investors (RIIs) attracted 3.45 times subscription. The quota for Qualified Institutional Buyers (QIBs) received 72 per cent subscription. The initial public offer of up to Rs 600 crore is in a price range of Rs 295-311 a share. The IPO is completely a fresh issue of equity shares. Rashi Peripherals on Tuesday mobilised Rs 180 crore from anchor investors. Of the IPO proceeds, funds worth Rs 326 crore will be utilised for payment of debt and Rs 220 crore for funding working capital requirements and general corporate purposes. Last month, Rashi Periphe

Capital Small Finance Bank IPO subscribed 1.19 times on day two of bidding

The initial public offer of Capital Small Finance Bank Limited on Thursday got subscribed 1.19 times on the second day of bidding. The Rs 523 crore-initial share sale received bids for 97,15,520 shares against 81,47,373 shares on offer, as per NSE data. The category for Retail Individual Investors (RIIs) received 1.34 times subscription while the quota for Qualified Institutional Buyers (QIBs) got subscribed 1.06 times. The portion for non-institutional investors fetched 1.03 times subscription. The Initial Public Offer (IPO) has a fresh issue of up to Rs 450 crore and an Offer For Sale component of up to 15,61,329 equity shares. Those selling shares in the OFS include Oman India Joint Investment Fund II, American Capital, and Amicus Capital Private Equity. The IPO has a price range of Rs 445-468 a share. The initial share sale of Capital Small Finance Bank Ltd received 50 per cent subscription on the first day of bidding on Wednesday. Capital Small Finance Bank on Tuesday colle