SRSL is engaged in providing end to end IT equipment on a rental and returnable basis in India and it serves over 275 customers, across different business sectors, located at over 16 states and three union territories of India, the company said in a press release.
2022-09-29T19:22:12+05:30


The IPO of Enviro Infra Engineers consists of sale of 95 lakh equity shares with no Offer-For-Sale (OFS) component, according to the Draft Red Herring Prospectus (DRHP). Going by the draft papers, Udayshivakumar Infra's IPO consists of fresh issue of equity shares aggregating to Rs 60 crore.
2022-09-29T18:29:45+05:30


Even as markets worldwide suffer from surging inflation and mounting recession fears, the maker of the 911 sports car has pushed ahead with the bold flotation that gives Porsche a valuation of more than 76 billion euros.
2022-09-29T15:45:30+05:30


In comparison to 2021-22, the response of retail investors also moderated, the database showed. The average number of applications from retail dropped to 7.57 lakh, in comparison to 15.56 lakh in 2021-22. The highest number of applications from retail was received by LIC (32.76 lakh) followed by Harsha Engineers (23.86 lakh) and Campus Activewear (17.27 lakh).
2022-09-29T15:13:22+05:30


Porsche was and is the pearl in the Volkswagen Group," Chris-Oliver Schickentanz, chief investment officer at fund manager Capitell, said. "The IPO has now made it very, very transparent what value the market brings to Porsche. That, of course, also has a positive effect on Volkswagen shareholders.
2022-09-29T07:42:27+05:30


The regulator's board, which will meet on September 30, will also clear a proposal to bring buying and selling by mutual funds under insider trading rules; they are currently excluded. The move comes in the wake of the Franklin Templeton episode in which some executives were accused of insider trading.
2022-09-29T06:15:36+05:30


According to the draft prospectus, the proceeds of the issue shall be to purchase vehicles for a commercial purpose; purchase containers for expansion of the non-vessel owning common carrier division; meet working capital requirements; general corporate purpose and meet issue-related expenses.
2022-09-28T20:05:15+05:30


Electronics Mart India Ltd (EMIL) was founded by Pavan Kumar Bajaj and Karan Bajaj as a proprietary concern with a consumer durables and electronics store under the name of Bajaj Electronics.The company had 112 stores across 36 cities as of August this year.
2022-09-28T18:55:54+05:30


Electronics Mart India is the fourth largest consumer durable and electronics retailer in India. Its offerings include more than 6,000 SKUs (stock keeping units) across product categories from over 70 consumer durable and electronic brands.
2022-09-28T07:55:25+05:30


The company engaged in engineering consultancy services and construction has ongoing projects in 30 countries. Some of its listed peers in the segment are Ircon International, Rites, Engineers India, NBCC, and VA Tech Wabag.
2022-09-27T06:25:58+05:30


Harsha Engineers International made a strong debut on Monday in a weak market, with its shares listing at ₹450 on the NSE, a premium of 36% over its issue price of ₹330.
2022-09-27T06:21:58+05:30


Swastik Pipes is promoted by Sandeep Bansal, Anupama Bansal, Shashwat Bansal and Geeta Devi Aggarwal. The company has been a leading manufacturer and exporter of T.T. Swastik Band high-quality mild steel/carbon steel ERW black and galvanized pipes/tubes since 1973.
2022-09-26T20:14:05+05:30


WAPCOS has ongoing projects in 30 countries and has been associated with over 455 overseas projects, both completed and ongoing. It was placed third among the top five Indian corporations for consulting services between 2017 and 2021. Some of its listed peers in the segment are Ircon International, Rites, Engineers India, NBCC, and Va Tech Wabag.
2022-09-26T12:39:27+05:30


Shares of Harsha Engineers are losing steam in the grey market as sentiments turn sour in the secondary market. Over the issue price of Rs 330, the company's shares are being exchanged at a premium of Rs 160-165, which was Rs 240 at its peak.
2022-09-24T10:50:13+05:30


The Rs 755-crore Harsha Engineers IPO comprises the issuance of fresh equity shares worth Rs 455 crore, whereas existing shareholders and promoters will offload Rs 300 crore from the stake via offer for sale (OFS). The price band for the share sale has been fixed at Rs 314-330 apiece.
2022-09-23T14:47:57+05:30


​Oyo, formally known as Oravel Stays Ltd., filed a fresh round of financial documents with India’s market regulator on Monday as it plans for a stock-market debut after cost cuts and recovery in travel helped it reduce losses.
2022-09-23T05:48:27+05:30


Divgi is an automotive component entity which has the capability to develop and provide system level transfer case, torque coupler, and Dual Clutch Automatic Transmission (DCT) solutions. It has three manufacturing and assembling facilities located across India.
2022-09-22T18:11:12+05:30


Omnichannel furniture seller Pepperfry is looking to file its draft initial public offering (IPO) papers with the Securities and Exchange Board of India (Sebi) between October and December, and aims to list on the stock exchanges next year, according to a person aware of the matter."They are looking to file the draft red herring prospectus (DRHP) in the subsequent quarter," the source said, adding that the company would take a final call by November.
2022-09-22T05:47:24+05:30


“I think IPOs have taken a breather but it will be probably three to six months away from coming back,” Debasish Purohit, co-head of India investment banking at Bank of America, said in a Bloomberg Television interview on Wednesday. Some of last year’s IPO activity has more recently given way to sales of secondary shares, which are quicker and give holders a chance to monetize their stakes, Purohit said.
2022-09-21T14:36:54+05:30


The trend is eerily familiar to market participants in Hong Kong, which was a hotbed for mysterious moves in tiny stocks before a regulatory crackdown brought new offerings to a virtual halt. As small Chinese companies that might otherwise have listed in Hong Kong turn to the US as an alternative, Network 1 has emerged as one of the most active players in this growing corner of the market.
2022-09-20T14:25:42+05:30


The Rs 755-crore Harsha Engineers IPO consists of the issuance of fresh equity shares worth Rs 455 crore, whereas existing shareholders and promoters will offload Rs 300 crore from the stake via an offer for sale (OFS).
2022-09-20T12:53:24+05:30


The company filed draft IPO papers with the capital market watchdog on June 20 this year, after which its received the update an observation letter from the regulator on September 13. Sebi’s observation letter is suggestive of the regulator’s go ahead for the public issue.
2022-09-20T09:06:17+05:30


According to the draft documents, the company's customer base increased to 25.77 million in FY22 from 14.27 million in the year ago period. The group sold close to 7.76 million policies in FY22, compared to 5.55 million policies in FY21.
2022-09-20T06:16:20+05:30


In August, the Fairfax Group-backed company filed draft documents for its IPO, looking to raise Rs 1,250 crore from a fresh issue of shares and an offer for sale (OFS) of 109.4 million equity shares.
2022-09-19T18:40:19+05:30


Oyo and founder Ritesh Agarwal are trying to pull off a successful IPO after a series of setbacks in their efforts to change the hotel and lodging industry. SoftBank Group Corp. founder Masayoshi Son was an early and enthusiastic backer, and the Japanese conglomerate holds about 47% in the Gurgaon-based startup. The 28-year-old Agarwal owns about one third.
2022-09-19T11:07:07+05:30


This is Inox Green Energy Services' second attempt to go public. In February, the company had filed the Draft Red Herring Prospectus (DRHP) for its proposed IPO with the markets regulator Sebi.
2022-09-19T09:35:19+05:30


Stock listings in Asia have raised $104 billion this year, accounting for a record 68% of global volume, data compiled by Bloomberg show. By contrast, US IPOs represent just 14% of the $153 billion fetched globally, the lowest ever for what has traditionally been the busiest listings market in the world.
2022-09-18T09:28:28+05:30


The IPO was a mix of a fresh issue of shares aggregating to ₹455 crore and an offer for sale of up to ₹300 crore. On Tuesday, the company raised ₹226 crore from anchor investors ahead of its public issue by allotting 68.41 lakhs shares to institutions.
2022-09-17T10:03:44+05:30


Following the announcement, shares of Patanjali Foods, which was earlier known as Ruchi Soya and eventually re-branded following the acquisition by Baba Ramdev-led Patanjali Ayurved, were trading 0.6 per cent higher at Rs 1,351 at 1 pm. The stock has rallied nearly 60 per cent year-to-date.
2022-09-16T13:25:09+05:30


The company’s initial public offering comprises an offer for the sale of 4 crore equity shares by the promoters and existing investors.The offer for sale comprises up to 1 crore shares by promoter Juneja family, up to 2 crore shares by Capital International, up to 99.65 lakh by Beige, and up to 50,000 equity shares by Link Investment Trust.
2022-09-16T12:20:22+05:30


Investor roadshows are due to complete this Friday, several sources said, allowing time for senior executives to hold discussions over the weekend before opening the book building process early next week.
2022-09-16T11:16:41+05:30


The IPO consisted of the fresh issue of 15.8 million shares. The Thoothukudi-based private lender allotted 71,28,000 equity shares to 10 anchor investors ahead of the IPO, raising ₹363.53 crore at ₹510 apiece.
2022-09-16T07:25:20+05:30


RRB’s planning to make an initial public offering to raise capital must have at least Rs 300 crore of net worth for the previous three years, according to the draft guidelines, issued on Wednesday. They should also have their capital adequacy above the regulatory minimum level of 9%.
2022-09-15T16:50:01+05:30


The company has reserved 50 per cent of the net offer for qualified institutional buyers (QIBs), whereas non-institutional buyers (NIIs) will get a 15 per cent allocation. Retail bidders will get the remaining 35 per cent allocation.
2022-09-15T13:28:55+05:30


Incorporated in 1921, Tamilnad Mercantile Bank offers an array of banking and financial services to retail customers, micro, small, and medium enterprises (MSMEs), and more.
2022-09-15T10:02:20+05:30


"Very much (it is on track). First component is, we wanted to raise Rs 20 crore but we actually raised Rs 23 crore of which Rs 17 crore was through equity and Rs 6 crore by means of CCD (compulsory convertible debenture). Second, we are into private equity raise which is on track right now.
2022-09-14T19:36:28+05:30


The issue, which kicked off for subscription on Wednesday, September 14, can be subscribed till Friday, September 16. The company will be selling its shares in the range of Rs 314-330 apiece to raise Rs 755 crore via its initial stake sale.
2022-09-14T12:19:37+05:30


The company is selling its shares in the range of Rs 314-330 apiece. It is offering a discount of Rs 31 per equity share to its eligible employees. The lot size for the issue has been fixed at 45 equity shares.
2022-09-14T10:06:41+05:30


Navi Technologies was issued the "observation letter" by Sebi on September 5, according to the latest update on the regulator's website.
2022-09-12T18:54:42+05:30


The operating margin of Harsha is stable and the pressure of higher raw material costs is passed through with a lag of around three months. The company’s return on equity (RoE) improved to 19% in FY22 from 6% in FY20 with increasing capacity utilization and improving product mix with higher diameter cages.
2022-09-12T13:57:12+05:30


The company's Rs 832 crore primary offering was sold in the range of Rs 500-525 per equity share. The issue had received a muted response from all the categories of investors, subscribing 2.86 times between September 5-7.
2022-09-10T13:20:49+05:30


In the IPO, 50% of the shares will be reserved for qualified institutional buyers. Non-institutional bidders and retail individual bidders will be allotted 15% and 35%, respectively. Proceeds from the fresh issue of up to Rs 270 crore will be utilised for debt repayment, the company said.
2022-09-10T08:10:47+05:30


Ahmedabad-based Harsha Engineers has five manufacturing facilities with two facilities at Changodar and one at Moraiya, near Ahmedabad in Gujarat, and one manufacturing unit each at Changshu (China) and Ghimbav Brasov (Romania).It claims to have a 50 per cent market share in the organised segment of the Indian bearing cages market and a 5.2 per cent market
2022-09-09T15:16:05+05:30


The demand to invest in the Tamil Nadu-based bank hasn’t been deterred by minority shareholders’ objections and various curbs imposed on it. The lender needs permission from a high court to hold annual shareholder meetings and has been restricted by the central bank from opening new locations.
2022-09-09T10:42:57+05:30


Harsha Engineering offers a diverse suite of precision engineering products across geographies and end-user industries, including automotive, aviation and aerospace, railways, construction, mining, renewable energy, agriculture and more. The company has five manufacturing facilities.
2022-09-09T08:47:34+05:30


Medical equipment manufacturer Aprameya Engineering has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering.
2022-09-09T07:03:48+05:30


The IPO will allow Samara Capital an opportunity to dilute its 51% stake in the holding company of More Retail, Witzig Advisory Services. Samara Capital owns the stake through Samara Alternate Investment Fund. The balance 49% in Witzig is owned by Amazon through two entities - Coda Holdings Singapore and Coda Holdings LLC.
2022-09-09T05:29:01+05:30


Attracting interest from a broad range of investors was important, Blume said, declining to comment on what proportion of Porsche shares Volkswagen plans to offer to retail investors as part of the planned flotation.
2022-09-08T17:11:06+05:30


As of Thursday, shares of TMB were commanding a premium of Rs 20-25 in the unofficial market, which was Rs 3 a day ago, when the issue closed for subscription. Despite the rise, the premium is still less just five per cent compared to the IPO price.
2022-09-08T15:38:15+05:30


The public issue was sold in the price band of ₹500-525. The private lender raised ₹363.53 crore on Friday by allotting 71,28,000 shares to 10 anchor investors at ₹510 apiece.
2022-09-08T06:30:20+05:30


The government will provide details of the planned green debt issuance for the year later, according to a statement from the nation’s finance ministry on the second half borrowing plan released on Thursday.
2022-09-29T20:06:56+05:30


“IT stocks have corrected significantly and are close to pre-pandemic valuation after two years of massive outperformance. The current weakness in the stocks is owing to macro overhang led by a possible slowdown in the US and Europe, which could impact IT budgets for next year,” domestic brokerage Sharekhan said.
2022-09-29T19:38:25+05:30


2022-09-29T19:25:48+05:30


SRSL is engaged in providing end to end IT equipment on a rental and returnable basis in India and it serves over 275 customers, across different business sectors, located at over 16 states and three union territories of India, the company said in a press release.
2022-09-29T19:22:12+05:30


Multiple factors, including rising inflationary pressures, rate hikes, rising bond yields, geopolitical crisis and recession buzz are hurting the space. Strong demand with capped supply is making it worse for the equity markets.
2022-09-29T19:17:35+05:30


The Dow Jones Industrial Average dropped 552 points, or 1.86%. The S&P 500 and Nasdaq Composite declined 2.31% and 2.92%, respectively.
2022-09-29T19:11:11+05:30


​The weekly and the series expiry as expected was as difficult as it could be, however, the bears took control again from the bulls, even after a strong gap-up opening.
2022-09-29T18:51:24+05:30


Platform, technology, marketplace, and commerce play vital roles in developing the metaverse. Participants in each ecosystem are characterized by distinct evolution processes. Holographic and immersive gadgets will be used to create the Metaverse.
2022-09-29T18:44:50+05:30


The IPO of Enviro Infra Engineers consists of sale of 95 lakh equity shares with no Offer-For-Sale (OFS) component, according to the Draft Red Herring Prospectus (DRHP). Going by the draft papers, Udayshivakumar Infra's IPO consists of fresh issue of equity shares aggregating to Rs 60 crore.
2022-09-29T18:29:45+05:30


2022-09-29T18:27:56+05:30


2022-09-29T18:01:07+05:30


2022-09-29T17:41:43+05:30


The index’s immediate resistance on the upside is at 36,400, and a breach of this will witness some short covering move on the upside towards 39,000 levels. The lower-end support is placed at 37,500. If that is breached, it will aggravate the sell-off towards 37,000-36,000 levels.
2022-09-29T17:33:04+05:30


In the Nifty50 index, 25 stocks closed in the green, while 25 stocks ended in the red.
2022-09-29T17:27:22+05:30


We feel the overall tone would remain bearish until the Nifty reclaims 17,200. On the downside, a decisive break of 16,800 could further fuel the decline. Participants should align their positions accordingly and maintain positions on both sides.
2022-09-29T17:26:11+05:30


The Nifty Bank index closed 0.3 per cent down at 37647.75.
2022-09-29T17:22:09+05:30


The Nifty IT index closed 0.92 per cent down at 26819.05.
2022-09-29T17:16:57+05:30


The Nifty Auto index closed 0.32 per cent down at 12497.35.
2022-09-29T17:06:37+05:30


"​​Now, there are two large players and they have limited incentives to go on a price war and further decrease the tariffs. I think the return on investment for 5G will take some time, it is not going to be a situation where consumers will lap up the services in the next two to three years. It will gradually rise as people start shifting to 5G. "
2022-09-29T17:06:27+05:30


The company’s agribusiness segment delivered a stellar performance with segment revenue and EBIT growth of 28.7 per cent and 25.6 per cent respectively. The progress was driven by strong growth in wheat, rice, spices, and leaf tobacco exports which was further supported by strong customer relationships, a robust sourcing network, and agile execution, the brokerage said.
2022-09-29T17:00:59+05:30


The Waves blockchain is a decentralised, secure, accessible and transparent blockchain platform with a market cap of $2 billion. Its crypto token Waves (WAVES) is listed, making its place in the cryptos worldwide.
2022-09-29T16:56:54+05:30


The Nifty Pharma index closed 1.33 per cent up at 12874.3.
2022-09-29T16:56:22+05:30


2022-09-29T16:52:19+05:30


The 30-share BSE Sensex closed down 188.32 points at 56409.96
2022-09-29T16:51:15+05:30


Gold rose by Rs 460 to Rs 49,960 per 10 gram in the national capital on Thursday amid a rally in prices of the precious metal in international market, according to HDFC Securities. In the previous trade, the yellow metal settled at Rs 49,500 per 10 gram.
2022-09-29T16:48:45+05:30


The Nifty Realty index closed 0.37 per cent up at 415.8.
2022-09-29T16:46:08+05:30


Both crude benchmarks had rebounded in the previous two sessions from nine-month lows earlier in the week, buoyed by a temporary dive in the dollar index and a larger than expected U.S. fuel inventory drawdown.
2022-09-29T16:42:01+05:30


The NSE Nifty index closed 40.5 points down at 16818.1
2022-09-29T16:41:02+05:30


Intraday, the rupee came close to falling below the record low of 81.95, prompting the RBI to sell dollars, according to traders. The intervention by the central bank was confirmed to Reuters by two bankers and one FX brokerage firm.
2022-09-29T16:37:51+05:30


“We do not realise now that growth is going to slow quite a bit after Diwali and in a way we only have the space to hike rates for September and December meetings, because come 2023 and a lot of the discussion will be on growth. The room for rate hikes will be much less. RBI is also going to focus on giving this last push over the September and December meetings.”
2022-09-29T16:35:59+05:30


Pricol, Apollo Sindoori, Aurionpro Sol, Rites and Airo Lam, hit their fresh 52-week highs during the day.
2022-09-29T16:30:51+05:30


The 30-share BSE Sensex closed down 188.32 points at 56409.96
2022-09-29T16:25:42+05:30


The 30-share BSE Sensex closed down 188.32 points at 56409.96
2022-09-29T16:20:36+05:30


The 30-share BSE Sensex closed down 188.32 points at 56409.96
2022-09-29T16:15:30+05:30


The NSE Nifty index closed 40.5 points down at 16818.1
2022-09-29T16:10:24+05:30


In the Nifty 50 index, 25 stocks ended in the green, while 25 stocks closed in the red in today's trade.
2022-09-29T16:05:16+05:30


The 30-share Sensex declined 188 points to end at 56,410. Its broader peer, Nifty50, ended at 16,818, down 40 points.
2022-09-29T16:03:01+05:30


The 30-share BSE Sensex closed down 188.32 points at 56409.96
2022-09-29T16:00:07+05:30


Emkay further highlights that it hasn't factored in any value accretion from Blinkit as it is still to see how the synergies play out. “We have not factored in any value accretion from Blinkit, considering uncertain timelines on unit economics turnaround and intense competitive intensity.”
2022-09-29T15:55:42+05:30


2022-09-29T15:50:45+05:30


Even as markets worldwide suffer from surging inflation and mounting recession fears, the maker of the 911 sports car has pushed ahead with the bold flotation that gives Porsche a valuation of more than 76 billion euros.
2022-09-29T15:45:30+05:30


Steep rate hikes in the US and a slowdown in growth has increased the risk of the world’s largest economy entering into a recession. This does not bode well for India as, historically, domestic equities have entered into a bear market when the US slips into recession.
2022-09-29T15:44:52+05:30


Capital.com, London-based global investment trading platform, conducted the survey and found that 52% traders and investors had never selected a stock or done trading based on ESG criteria.
2022-09-29T15:19:33+05:30


In comparison to 2021-22, the response of retail investors also moderated, the database showed. The average number of applications from retail dropped to 7.57 lakh, in comparison to 15.56 lakh in 2021-22. The highest number of applications from retail was received by LIC (32.76 lakh) followed by Harsha Engineers (23.86 lakh) and Campus Activewear (17.27 lakh).
2022-09-29T15:13:22+05:30


A Swiss-based equity fund manager said some investors that bought Volkswagen and Porsche Holding to play a potential IPO boom might be unwinding their positions and switching into Porsche AG, which was trading fairly closely to its IPO price.
2022-09-29T15:06:30+05:30


“BHEL has secured the order for setting up the 2x660 MW Talcher Thermal Power Project Stage-III in Odisha through International Competitive Bidding. The project is located at Talcher in Angul district of Odisha,” said the company in the BSE filing.
2022-09-29T15:05:01+05:30


"We continue to like FMCG. It is led by ITC which is in a league in itself at this point and is going to do bigger things going forward. Given the kind of weightage it has on the index, it will keep the FMCG Index steady. We like both ITC and HUL. Pharma has been an underperformer but may have reached that value zone. Here, I want to chase momentum stocks like Cipla, Sun Pharma."
2022-09-29T15:01:00+05:30


L&T is steadily improving the quality of its balance sheet and sold some buildings in its subsidiary company which was a bit of a drag. It is improving its balance sheet quality, it is picking and choosing its projects in India and globally as well so that margins are protected and may perhaps even improve. When you want to have those large infrastructure projects earnings of Rs 5,000-10,000-15,000 crore, there is no other challenger to L&T.
2022-09-29T14:59:51+05:30


One is never fully or 100% decoupled anyway. The question to debate is how much further will RBI’s hands be forced in keeping liquidity tighter and raising rates in India? That will then transmit into local equity and bond markets as well. I would argue a little bit that we are not fully decoupled and that there will be transmissions to the Indian economy also.
2022-09-29T14:45:52+05:30


The company will strengthen its footprint across Maharashtra, Himachal Pradesh, Punjab, West Bengal, and Rajasthan, with the spread across metropolitan, tier 2 and tier 3 cities, the company said in a BSE filing.
2022-09-29T14:42:24+05:30

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