Shares of Central Depository Services (India) (CDSL) will make its stock market debut today, 30 June 2017. The company had issued shares at Rs 149 per share, the top end of the Rs 145 to Rs 149 per share price band for the initial public offering (IPO). The IPO of CDSL received bids for 422.45 crore shares, NSE data showed. The IPO was subscribed 170.16 times. The IPO opened for bidding on 19 June 2017 and closed yesterday, 21 June 2017.
Category wise, the qualified institutional buyers (QIBs) category was subscribed 148.71 times. The non institutional investors (NIIs) category was subscribed 563.03 times. The retail individual investors (RIIs) category was subscribed 23.83 times.
Aditya Birla Capital (ABCL) entered into a definitive Share Subscription Agreement (SSA) with PI Opportunities Fund - 1 (the Fund), an affiliate of Premji Invest, a Private Equity fund in India. As per the SSA, the Fund will subscribe to about 2.2% of the post Scheme fully diluted equity share capital of ABCL. The proposed transaction values ABCL at Rs 32000 crore on a post money basis. The announcement was made after market hours yesterday, 29 June 2017.
Shares of new entrants in F&O segment will be in focus. Chennai Petroleum Corporation (lot size 1,500 shares), ICICI Prudential Life Insurance (lot size of 1,300 shares), Manappuram Finance (lot size of 6,000 shares), Repco Home Finance (lot size of 700 shares) and SREI Infrastructure Finance (lot size of 5,000 shares) will enter the derivative segment from today, 30 June 2017 on the NSE. Inclusion in F&O will help investors hedge their underlying positions.These stocks will not attract the circuit filter in intra-day trading.
Time Technoplast after market hours yesterday, 29 June 2017, announced successful trial production and testing of carbon fiber-based composite cylinders for CNG for automotive applications. The company has developed 60 ltr & 30 ltr non-metallic Type-4 composite cylinders which are able to withstand burst pressure of over 550 bars exceeding the requirement of ISO 11439 & IS15935: 2011.
Automotive companies are keen to replace metal cylinders with composite cylinders to reduce weight and improve upon fuel efficiency. These cylinders are likely to find their way both with OEM and aftermarket. It also has a huge export potential, the company said in a statement. The company added that it is planning to launch these cylinders in second half of financial year ending March 2019 after obtaining necessary approvals and extensive trials.
IndusInd Bank announced after market hours yesterday, 29 June 2017 that it inaugurated a new branch in Kota, Rajasthan. With this, the bank now has 94 branches in Rajasthan.
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SRF announced after market hours yesterday, 29 June 2017, that its board of directors resolved to offer and issue listed, secured, redeemable, non-convertible debentures (NCDs) aggregating up to Rs 300 crore, on a private placement basis.
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