The initial share sale of Enviro Infra Engineers, which is involved in development of turnkey projects of sewage treatment plants and sewerage system, got fully subscribed on the first day of the offer on Friday. The initial public offering (IPO) received bids for 6,38,69,269 shares against 3,07,93,600 shares on offer, translating into 2.07 times subscription, according to NSE data. The portion for non-institutional investors attracted 2.98 times subscription while the qualified institutional buyers (QIBs) part got subscribed 2.04 times. The category for retail individual investors (RIIs) fetched 1.70 times subscription. Enviro Infra Engineers on Thursday collected about Rs 195 crore from anchor investors. The Rs 650-crore initial share sale is in a price range of Rs 140-148 apiece. The company's IPO is a combination of a fresh issue of 3.87 crore equity shares and an offer for sale (OFS) component of 52.68 lakh shares by promoters. Currently, promoters hold over 93 per cent stak
Nvidia predicted fiscal fourth-quarter sales of about $37.5 billion. Though the average analyst estimate was $37.1 billion, projections ranged as high as $41 billion
The initial public offer of Zinka Logistics Solutions Ltd, a digital platform for truck operators, got subscribed 24 per cent on the first day of bidding on Wednesday. The IPO received bids for 54,08,100 shares against 2,25,67,270 shares on offer, as per NSE data. The portion for Retail Individual Investors (RIIs) got subscribed 50 per cent while the category for Qualified Institutional Buyers (QIBs) fetched 26 per cent subscription. The non-institutional investors part attracted 2 per cent subscription. Zinka Logistics Solutions Ltd on Tuesday mobilised over Rs 501 crore from anchor investors. The Rs 1,115 crore IPO is available at a price range of Rs 259-273 apiece for public subscription during November 13-18. The IPO is a combination of a fresh issue of shares worth Rs 550 crore and an offer of sale (OFS) of up to 2.06 crore shares. The OFS by promoters and investor selling shareholders is valued at Rs 565 crore at the upper end of the price band. Proceeds from the fresh issu
He talks about the sector's prospects, including the performance of real estate investment trusts (REITs) and the country's real estate debt investment market
Some investors had pivoted away from India to buy Chinese stocks last month but "there could be a reversion back to India in a quicker than expected time frame" because of its status as a safe haven
Swiggy has already allotted shares worth Rs 5,085 crore to anchor investors, drawn from the QIB quota
The local unit of the Korean automaker now has a total of six positive recommendations, from Nomura Holdings Inc. and Macquarie Group Ltd. along with local brokers
The initial public offer of engineering and construction company Deepak Builders & Engineers India Ltd got subscribed 12 times on the second day of share sale on Tuesday. The Rs 260 crore initial share sale received bids for 10,75,78,932 shares against 89,67,061 shares on offer, according to data available with the NSE. The non-institutional investors part got subscribed 17.39 times while the portion for Retail Individual Investors (RIIs) received 15.93 times subscription. The category for Qualified Institutional Buyers (QIBs) received 1.08 times subscription. The Initial Public Offer (IPO) of Deepak Builders & Engineers India Ltd received 4.12 times subscription on the first day of share sale on Monday. The IPO has a fresh issue of up to 1.07 crore equity shares and an offer for sale of up to 21,10,000 equity shares. The price range for the offer is fixed at Rs 192-203 per share. Fedex Securities Private Ltd is the book-running lead manager to the offer.
The various accounting standards fail to earmark the methodology of valuation to be adopted under different circumstances, leaving the choice of valuation method at the discretion of the valuer
Bank share prices have broadly delivered a double-digit rise this year, driven by stock buyback programmes
In the past 14 months, Zepto has raised over $1.2 billion in funding to strengthen its balance sheet for its stock market debut, expected sometime next year
Prime Minister Shehbaz Sharif's office stated that the companies had 'voluntarily agreed' to prioritise national interest over their business concerns
The gains in the equity markets, powered by robust flows from foreign and domestic investors have helped stocks command higher valuations
Earnings in the banking sector are expected to moderate due to pressure on margins and potential elevated slippages in the unsecured loan book, he says
Read served as CEO until Albert Bourla took the position in 2019. Bourla was instrumental in working with BioNTech to develop a COVID-19 vaccine
Now, the focus has shifted from creating investor intent through education to enabling easy execution via digital channels
Years of Brexit-linked political chaos may have ended with his Labour Party's big election win, but the near-collapse of utility Thames Water has unsettled investors
The non-banking financial company raised Rs 5,000 crore ($596.7 million) through a deep-discount zero-coupon bond at a yield of 6.25 per cent
He shares that his focus remains on finding companies that fit their 'U's' philosophy - undervalued, underowned, and undiscovered