At 6:30 AM, GIFT Nifty Futures were trading 39 points lower at 25,079 levels, indicating a weak start for the Indian bourses.
At 7:06 AM, GIFT Nifty futures also indicated a weak start for the bourses, trading 66 points lower at 25,410 levels.
GIFT Nifty signals a gap-down opening for benchmark indices Sensex and Nifty50 on Thursday, hinting a weak start for the markets.
At 6:32 AM, GIFT Nifty futures were trading about 38 points lower at 26,307 levels, indicating a negative opening compared to the last close of Nifty futures.
Sebi has taken a significant step to make exiting the market easier for investors
The uptrend was signalled by GIFT Nifty futures that were trading about 50 points higher than Nifty futures' last close, at 26,047.50, around 7:30 AM.
Shah discussed NBFCs' recent plans for affordable housing and initial public offerings
BHF's strong debut follows strong demand for its shares during its Rs 6,560 crore IPO, which saw 67 times more demand than shares on offer and garnered record Rs 3.2 trillion worth of bids
Cumulative bids exceed Rs 3.24 trillion
Shares of Eureka Forbes rose after the company announced the listing of its shares on the National Stock Exchange (NSE).
Shares of Gala Precision Engineering Ltd ended with a premium of nearly 49 per cent against the issue price of Rs 529 on Monday. The stock made its debut at Rs 750, a jump of 41.77 per cent from the issue price on the BSE. During the day, it soared 48.85 per cent to Rs 787.45. Shares of the firm ended at Rs 787.05, up 48.78 per cent. On the NSE, it listed at Rs 721.10, surging 36.31 per cent. The stock ended at Rs 757.15, reflecting a jump of 43.12 per cent. The company's market valuation stood at Rs 997.19 crore. In terms of volume, 3.97 lakh shares of the firm were traded on the BSE and 7.89 lakh shares on the NSE during the day. The initial public offer of Gala Precision Engineering garnered 201.44 times subscriptions on the closing day of bidding on Wednesday. The initial share sale had a price band of Rs 503-529 per share. The Rs 168-crore IPO had a combination of a fresh issue of 25.58 lakh equity shares worth Rs 135.34 crore and an Offer For Sale (OFS) of 6.16 lakh equity
Committee headed by former RBI deputy governor will advice regulator on corporate governance, harmonisation of listing and post-listing obligations
This comes at a time when competition is intensifying in the rapidly growing quick commerce space
IPO of Gala Precision Engineering got fully subscribed within minutes of opening for bidding
Akasa Air, founded in 2021, has reported losses mounting to Rs 2,400 crore in its first two years
Leading biofuel producer TruAlt Bioenergy Ltd has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The IPO is a mix of fresh issuance of equity shares worth Rs 750 crore and an offer for sale (OFS) of up to 36 lakh equity shares by promoters, according to the draft red herring prospectus (DRHP. The OFS consists of up to 18 lakh equity shares each by Dhraksayani Sangamesh Nirani and Sangamesh Rudrappa Nirani. The company may consider raising Rs 150 crore under the pre-IPO placement round. If such placement is completed, the fresh issue size will be reduced. Out of the proceeds from the fresh issuance, Rs 425 crore will be utilised for funding working capital requirements, Rs 172.68 crore for setting up multi-feed stock operations, besides, a portion will be used for general corporate purposes. Based in Bengaluru, TruAlt Bioenergy focuses on ethanol production, with a daily production capacity of 1,400 ...
Stock Market Highlights today, Friday: All the sectoral indices settled with gains, led by Nifty IT, Auto, Media, and Realty indices, which ended over 2 per cent each
Opt to sell shares during IPO instead on hopes of better valuations
Visual Effects (VFX) firm Identical Brains Studios on Monday announced its plan to go public with an initial public offer and aims to achieve revenue of over Rs 56 crore by FY2026. The Mumbai-headquartered VFX company has posted a revenue of Rs 20 crore and a profit after tax of Rs 4.9 crore in the fiscal 2023-24. It aims to achieve revenue of up to Rs 32 crore in the current financial year, a company statement said. According to the statement, the company, known for its work in the film and entertainment industry, announced its plans to go public. Leveraging its presence in Mumbai, Palghar (in Maharashtra), and Lucknow, the company is planning to achieve a revenue of up to Rs 56 crore by 2026, it stated. The company has appointed Socradamus Capital Private Ltd as the book-running lead manager for the initial public offer (IPO). Identical Brains Studios (IBS) has carved out a reputation for delivering cutting-edge VFX solutions, collaborating with top-tier studios and streaming ..
The management of the hotel chain told investors on its conference call that 90% of its debt lies in Fleur Hotels