Page 42 - Stock Markets

Analysts bet on these consumption pockets ahead of the festive season

Fast-moving consumer goods (FMCG), retail, and consumer electronics segments are expected to do well over the next few months

Digikore Studios subscribed 282x, JSW Infra subscribed 37.37x on last day

The Rs 30-crore initial public offering (IPO) of Digikore Studios (on the National Sto­ck Exchange's SME platform) garn­ered 282 times subscription, attracting bids worth Rs 5,407 crore

New investor registrations on NSE hits 10 million mark in last 8 months

Leading stock exchange NSE on Thursday said the number of new investor registrations reached 1 crore mark on its platform in the last eight months, taking the total to over 8 crore. These new investor registrations are not restricted to top-tier cities and cities beyond top 100 accounted for 45 per cent of new investor registrations, the National Stock Exchange (NSE) said in a statement. "The eight crore unique PAN investors correspond approximately to around 5 crore unique households in India amounting to around 17 per cent households directly investing in the Indian stock market via the NSE's extensive nationwide network of trading members," it said. Total number of unique client code accounts registered with the exchange was at 14.9 crore -- clients could register with more than one trading member and included all registrations done to date. In terms of regions, states from northern part of India accounted for 43 per cent towards the last 1 crore new investor registrations, ...

Digikore Studios subscribed 282x, JSW Infra subscribed 37.37x on last day

The Rs 30-crore initial public offering (IPO) of Digikore Studios (on the National Sto­ck Exchange's SME platform) garn­ered 282 times subscription, attracting bids worth Rs 5,407 crore

Updater Services IPO subscribed 2.9 times on final day of subscription

The initial public offer of integrated facilities management company Updater Services was subscribed 2.90 times on the final day of subscription on Wednesday. The initial share sale got bids for 3,47,41,450 shares against 1,19,99,999 shares on offer, as per NSE data. The portion for qualified institutional buyers (QIBs) was subscribed 4.48 times while the quota for retail individual investors (RIIs) received 1.38 times subscription. The non-institutional investors part got subscribed 85 per cent. The Rs 640 crore IPO had a fresh issue of equity shares aggregating up to Rs 400 crore and an offer for sale of up to 80 lakh equity shares by a promoter and existing shareholders. The price range for the company's IPO was Rs 280-300 a share. Updater Services has raised Rs 288 crore from anchor investors. Proceeds from the fresh issue will be used for payment of debt, funding working capital requirements, pursuing inorganic initiatives, and general corporate purposes. The company offers

Smallcap, midcap funds face risk of mean reversion: DSP MF MD & CEO

Data shows that markets may have mispriced the disinflationary trend that is gaining traction along with a stable demand and supply situation for government bonds, said Parekh

Sai Silks Kalamandir's IPO subscribed 33% a day ahead of its close

Sai Silks is looking to raise Rs 600 crore in fresh capital, which will be used to set up 30 new stores and two warehouses to help fuel its growth

Sai Silks' IPO with fresh issue of Rs 600 cr subscribed 7% on first day

The Initial Public Offering (IPO) of ethnic apparel retailer Sai Silks (Kalamandir) was subscribed 7 per cent on the first day of offer on Wednesday. The IPO received bids for 26,16,752 shares against 3,84,86,309 shares on offer, as per data available with the NSE. The category for Retail Individual Investors (RIIs) was subscribed 12 per cent and that of non-institutional investors received 3 per cent subscription. The public issue has a fresh issue of up to Rs 600 crore and an offer for sale of up to 2.70 crore equity shares. The price range for the offer is Rs 210-222 a share. At the upper end of the price band, the IPO will fetch about Rs 1,201 crore. On Monday, Sai Silks said it has raised over Rs 360 crore from anchor investors. The Hyderabad-based company was founded by Prasad Chalavadi, a techie turned entrepreneur in 2005. It has four store formats -- Kalamandir, VaraMahalakshmi Silks, Mandir, and KLM Fashion Mall. Motilal Oswal Investment Advisors, HDFC Bank and Nuvam

Instacart valuation zooms above $14 billion after stock pops 43% in debut

The IPO gave Instacart a valuation of nearly $9.9 billion, a fraction of the $39 billion it was worth in 2021, the company's last funding round

Sebi imposes Rs 35 lakh fine on MI Research for flouting regulatory norms

Capital markets regulator Sebi has imposed a fine of Rs 35 lakh on MI Research for violating regulatory norms. MI Research (Proprietor -- Ashish Jain) is a Sebi-registered Investment Adviser. The order came after Sebi conducted an examination into the business of MI Research with respect to compliance of the entity with IA (Investment Advisers) regulations. The period of examination was November 2017 to August 2019. In its order on Monday, Sebi found that MI Research had collected up to Rs 1.95 crore from 748 clients by charging them for services provided as an investment adviser. The quantum of fees charged for its services appears to be unreasonably high. However, the noticee (MI Research) had failed to comply with the basic requirements of IA rules and also promised assured returns and mis-sold his services to clients and thus, failed to act honestly and in good faith with due skill, care and diligence, and adhered to a high professional standard, appropriate standards of condu

Sebi to auction property of Saradha Group's property on October 17

Market regulator Sebi has said it will auction the property of the Saradha Group of companies next month at a reserve price of over Rs 3 crore to recover money raised by the firm from the public through illicit schemes. The property located in West Bengal will go under the hammer, the Securities and Exchange Board of India (Sebi) said in a notice dated September 15. The regulator said the e-auction will be conducted between 11 am and 1 pm on October 17. The reserve price of the property is pegged at Rs 3.68 crore. Sebi has engaged Quikr Realty to assist it in the sale of the property and appointed C1 India as the e-auction provider. The development came after the Calcutta High Court passed an order in June 2022, whereby it directed the regulator to proceed with the auction of properties of the Saradha Group of Companies. Saradha Group, a consortium of over 239 private companies, allegedly ran chit-fund operations in West Bengal, Assam and Odisha, and raised around Rs 4,000 crore f

R R Kabel to list on Wed, become 1st to debut within 2 days of IPO closure

Wires and cables manufacturer R R Kabel, which concluded its Initial Public Offering (IPO) on Friday, is set to list on Wednesday --becoming the first company to debut on Dalal Street within two days of issue closing. While Ratnaveer Precision Engineering was the first company to list under the T+3 regime, R R Kabel will become the first company to list in the T+2 timeline -- the second working day after the issue closing on September 15. Capital markets regulator Sebi in August halved the timeline for listing of shares on stock exchanges after the closure of IPOs to three days (T+3) from six days (T+6). The new listing timeframe will be voluntary for all public issues opening on or after September 1 and mandatory for all issues after December 1, 2023. The reduction in timelines for listing and trading of shares will benefit both issuers as well as investors. Issuers will have faster access to the capital raised, thereby enhancing the ease of doing business while the investors wil

Stock of this GMR Group company has zoomed over 100% in past one month

Shares of GMR Power and Urban Infra surged 10% to Rs 46.29 on the BSE in Monday's intra-day trade and have zoomed 39% in the past four trading days

US Fed interest rate, global cues key factors to drive markets: Analysts

The US Federal Reserve's interest rate decision, global market trends and trading activity of foreign investors are the major factors that would dictate terms in the equity markets in a holiday-shortened week ahead, analysts said. Equity markets will remain closed on Tuesday on account of Ganesh Chaturthi. From the global front, interest rate decisions from the Bank of England and Bank of Japan would also influence market trends. This week will place a significant focus on monetary policy as the Federal Reserve policymakers convene the latest FOMC (Federal Open Market Committee) meeting, with an interest rate decision on Wednesday, September 20, said Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd. "The movement of the rupee against the dollar, US bond yields, and crude oil prices will remain in focus," Gour added. Last week, the BSE benchmark jumped 1,239.72 points or 1.86 per cent, and the Nifty climbed 372.4 points or 1.87 per cent. Rallying for the 11th day ru

Mutual funds, AIFs required to seek authorisation for each scheme: IFSCA

As of March 31, there were a total 50 schemes being offered by fund management entities

Fintech firm Zaggle Prepaid IPO subscribed 19% on Day 1 of bidding

The Initial Public Offering (IPO) of fintech player Zaggle Prepaid Ocean Services Ltd received 19 per cent subscription on Thursday, the first day of the bidding. The share sale received bids for 36,84,060 of 1,93,26,761 shares on offer, according to NSE data. The portion for Retail Individual Investors (RIIs) was subscribed 87 per cent while the quota for non institutional investors received 11 per cent subscription. The IPO has a fresh issue of up to Rs 392 crore and the offer for sale of up to 10,449,816 equity shares. The price range of the IPO is Rs 156-164 per share. Zaggle Prepaid Ocean Services on Wednesday said it has mobilised Rs 253.52 crore from anchor investors. The company proposes to utilise Rs 300 crore of the net proceeds on expenditure towards customer acquisition and retention, up to Rs 40 crore on expenditure for the development of technology and products, and up to Rs 17.08 crore to pare down, in full or in part, debt availed of by the firm. Founded in 2011,

Wires maker R R Kabel IPO subscribed 1.39 times on Day 2 of bidding

The Initial Public Offering (IPO) of wires and cables manufacturer R R Kabel was subscribed 1.39 times on the second day of bidding on Thursday. The Rs 1,964 crore IPO received bids for 1,85,71,364 shares against 1,33,17,737 shares on offer, as per NSE data. The category for non-institutional investors received 2.1 times subscription, while the quota for Qualified Institutional Buyers (QIBs) got subscribed 1.65 times. The portion for Retail Individual Investors (RIIs) was subscribed 95 per cent. The IPO has a fresh issue of up to Rs 180 crore and an offer for sale of up to 17,236,808 equity shares. The IPO has a price range of Rs 983-1,035 per share. R R Kabel's IPO was subscribed 25 per cent on the first day of bidding on Wednesday. On Tuesday, the TPG-backed firm said it mobilised Rs 585.62 crore from anchor investors. The company runs five manufacturing units -- one cable and wire unit each at Waghodia in Gujarat and at Silvassa in Dadra and Nagar Haveli, and a commercial lig

Sensex, Nifty end flat after hitting record highs; broader indices gain 1%

Closing Bell on September 14, 2023: Sectorally, the Nifty PSU Bank index gained 1.64 per cent, the Nifty Metal index added 1.5 per cent, and the Nifty Realty eked out gains of 1.4 per cent

US SEC sues Virtu Financial for policy lapses on trade information access

The SEC claimed on Tuesday that for a 15-month period "virtually all employees" at subsidiary Virtu Americas LLC could access confidential trade information

Lemon Tree Hotels rallies 15% in 4 days on signing new property in Shimla

The management said the outlook for Lemon Tree Hotels remains promising, with healthy occupancy rates and higher average room rates (ARRs)