Nifty shake-up: Shriram Finance and NTPC in the spotlight Shriram Finance, NTPC, and several other companies impacted by the latest rebalancing in the National Stock Exchange Nifty indices will be in focus when trading resumes on Tuesday. According to a note by IIFL Alternatives, Shriram Finance is expected to see inflows of nearly… Continue reading Street Signs: Shriram Finance and NTPC in spotlight, IPO blues, and more | Stock Market Today
Tag: IPO
Yatharth Hospital gains 11% on debut; Concord IPO subscribed 2.3x on day 2
Yatharth Hospital gains 11% on debut Shares of Yatharth Hospital & Trauma Care Services Ltd on Monday jumped over 11 per cent against the issue price of Rs 300 on its first day of trade. The stock began the trade at Rs 304, a gain of 1.33 per cent, on the BSE. During… Continue reading Yatharth Hospital gains 11% on debut; Concord IPO subscribed 2.3x on day 2
BLS E-Services files draft papers with Sebi to garner funds via IPO
The IPO comprises a fresh issue of 2.41 crore equity shares with no offer for sale (OFS) component, according to the draft red herring prospectus (DRHP) filed on Friday. BLS E-Services Ltd has filed draft papers with capital markets regulator Sebi to mobilise funds through an initial public offering (IPO). The company is… Continue reading BLS E-Services files draft papers with Sebi to garner funds via IPO
SBFC IPO subscribed 6.3x on day 2, Concord Biotech IPO over half covered
SBFC offer subscribed 6.3x on second day of issue SBFC Finance’s IPO was subscribed 6.32 times on Thursday, the second day of the issue. The institutional investor portion of the IPO was subscribed 4.5 times, high networth individual portion 12.6 times and retail portion nearly 5 times. On Wednesday, SBFC had allotted shares… Continue reading SBFC IPO subscribed 6.3x on day 2, Concord Biotech IPO over half covered
Jhunjhunwala-backed Concord Biotech IPO opens today: What do analysts say?
Late investor Rakesh Jhunjhunwala-backed Concord Biotech’s (CBL) Rs 1,550 crore-initial public offer (IPO) will open for subscription today and close on August 7. The issue is entirety an offer for sale, wherein investor Helix Investment Holdings is selling its 20 per cent stake. The price band is fixed at Rs 705-741 a share. … Continue reading Jhunjhunwala-backed Concord Biotech IPO opens today: What do analysts say?
HSBC MF enters Rs 1-trn AUM club; Sebi NSDL IPO in abeyance
HSBC MF enters the Rs. 1-trn AUM club The mutual fund (MF) industry now has fourteen fund houses with assets under management (AUM) of over Rs. 1-trillion with HSBC MF becoming the latest entrant to the club, according to a release by the fund house. Active debt schemes account for 45 per… Continue reading HSBC MF enters Rs 1-trn AUM club; Sebi NSDL IPO in abeyance
Sebi keeps in abeyance the proposed IPO sale of securities depository NSDL
Capital markets regulator Sebi has kept in ‘abeyance’ the proposed initial share sale of securities depository NSDL. However, the Securities and Exchange Board of India (Sebi) did not clarify further. The National Securities Depository Ltd (NSDL) filed its preliminary papers with the capital markets regulator on July 7. Going by the… Continue reading Sebi keeps in abeyance the proposed IPO sale of securities depository NSDL
Aeroflex Industries gets Sebi’s clearance to raise money through IPO
Stainless steel flexible hose manufacturer Aeroflex Industries Ltd has received capital markets regulator Sebi’s go ahead to raise funds through an initial share-sale. The initial public offering (IPO) consists of a fresh issue of equity shares worth up to Rs 160 crore and an offer-for-sale (OFS) of up to 1.75 crore equity shares… Continue reading Aeroflex Industries gets Sebi’s clearance to raise money through IPO
Campus Activewear tumbles 7%, dips below IPO price amid huge block deals
Shares of Campus Activewear hit a record low of Rs 282.45 on the BSE in Wednesday’s intra-day trade after huge block deals were executed on the counter. The stock of footwear company fell below its previous low of Rs 298.05 touched on July 27. In the process, the stock also dipped fallen its issue price… Continue reading Campus Activewear tumbles 7%, dips below IPO price amid huge block deals
Jhunjhunwala-backed Concord Biotech eyes to raise Rs 1,550 cr through IPO
Ahmedabad-based Concord Biotech, makers of fermentation-based bulk drugs, is aiming to raise between Rs 1,475.26 crore and Rs 1,550.59 crore from an initial public offering (IPO) set to open on Friday. Rakesh Jhunjhunwala-backed Concord Biotech Ltd has fixed a price band between Rs 705 and Rs 741 a share. The public issue of… Continue reading Jhunjhunwala-backed Concord Biotech eyes to raise Rs 1,550 cr through IPO