ESSEN SPECIALITY FILMS IPO
OTT apps ban: I&B Ministry blocks 18 OTT platforms for publishing vulgar content
OTT apps ban: The Ministry of Information & Broadcasting (I&B) has taken action against 18 OTT platforms for publishing inappropriate and explicit content. As a result, 19 websites, 10 apps (7 on Google Play Store, 3 on Apple App Store), and 57 social media accounts associated with these platforms have been disabled in India.
From Lambretta to aeroplanes to Tihar: The incredible life of Subrata Roy
A tycoon of the masses, so to speak, Subrata Roy found his fortune by inserting himself in the huge financial gaps of India of the eighties when banking had not reached the large swathes of the country's interiors and played in the twilight zones of regulation of those times.
Till debt do us part: will startups go the PharmEasy way, and other top tech & startup stories this week
This week’s ETtech newsbreak on PharmEasy going for a rights issue at a price 90% lower than its peak valuation of $5.6 billion to repay debt has tripped alarm bells in several startups that have taken debt financing.
3 SME IPOs list today; investors make up to 40% return on first day
The IPO comprised fresh equity issue of up to 46.99 lakh equity shares of face value of Rs 10 each and an offer for sale (OFS) of up to 15 lakh equity shares by selling shareholders.
Wipro buyback, FII action among top 9 factors to dictate Dalal Street mood this week
Indian markets ended the week in the red, with the Nifty50 dropping 0.85%. Experts suggest that the futures market will provide cues for Monday's opening, with impacts from US markets over the previous week to be taken into account. Major global events next week include a Policy Panel Discussion led by Chair Jerome Powell at the European Central Bank Forum on Central Banking 2023. Technical data shows that any future corrections should be seen as a buying opportunity while, on a corporate level, technology IPOs and buybacks are also worth tracking.
4 SME IPOs currently open for subscription. Check details
Three SME IPOs - Greenchef Appliances, Essen Specialty Films, and Magson Retail and Distribution - were launched on Friday. The IPOs of Greenchef Appliances and Essen Specialty Films were subscribed 9% and 36% respectively on day one. Magson Retail and Distribution's IPO was subscribed just 6% on the first day. Meanwhile, Veefin Solutions' IPO was subscribed 64% on day two. The companies plan to use the proceeds from the IPOs for capital expenditure, working capital requirements, and general corporate purposes, among others. These four IPOs are currently open for subscription in India.
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SME IPO: Essen Speciality Films issue to open on June 23. 10 things to know about the offer
Essen Speciality Films' initial public offering (IPO) will open on June 23 and close on June 27. The Mumbai-based company exports specialized plastic products for home improvement and furnishings, and intends to use the IPO's funds for debt repayment, working capital requirements and general corporate purposes. The IPO consists of a fresh equity issue of up to 46.99 lakh equity shares of face value of INR10 ($0.14) each and an offer for sale of up to 1.5 million equity shares by selling shareholders with a price band of INR101-107 per share.
Oyo records 83% YoY growth in business travel, Delhi emerged as most booked city
Oyo said Delhi has emerged as the most booked business city, closely followed by Hyderabad. The other top cities in terms of bookings are Bangalore, Kolkata and Chennai.
The Israel-India partnership has incredible potential: HE Naor Gilon to ETILC CXOs
Merchandise trade, engagement in defense equipment, cultural exchange - there’s been tremendous progress on all fronts. There are further plans to identify joint areas that will address large-scale water solutions in water-scarce regions of India. Many of these efforts are being supported by the Ambassador of Israel to India, H. E. Naor Gilon.
Archean can prove a profitable play on Speciality Chemicals
Chennai based ACI manufactures specialty marine chemicals such as bromine, industrial salt and sulphate of Potash. These chemicals are produced from brine fields typically in the environmentally sensitive coastal areas that require several regulatory hurdles. This creates a high entry barrier for new entrants.
75 events that shaped 75 years of independent India
The August 15 ceremony is particularly significant this year as it marks the 75th anniversary of India's independence, with the government launching a host of exercises to add to the verve around the celebration.
Girish Mathrubootham says 'Day Zero' at Freshworks in note post-IPO; throwback video shows him shaking a leg with Sequoia Capital MD
Mathrubootham also quoted Steve Jobs in the note.
Zomato gets support from peer Swiggy; love from Oyo & Paytm bosses helped Deepinder Goyal deal with IPO pangs
Zomato IPO is making news, and saw love from peers and friends online.
Reliance Entertainment CEO Shibashis Sarkar forms SPAC, files for $230 million IPO in US
The company, International Media Acquisition Corp (IMAC), has filed for a $230 million (Rs 1,715 crore) initial public offering in the US and listing on the Nasdaq. The US Securities and Exchange Commission has approved its proposal.
India has a great 3-5 years’ ahead; look for value in old economy stocks: N Jayakumar
'We are in an early stage of a very long bull run. A lot of PE money will move towards the old economy stocks.'
Vistas Media Capital to invest $5 million in Marathi OTT service Planet Marathi
Founded by film director Akshay Bardapurkar, Planet Marathi will be the first Marathi OTT service, targeting over 100 million Marathi-speaking audiences globally.
Why gold financiers are still safest bets in market
As the financial sector stabilises and moves up, these companies will do even better, says Sandip Sabharwal.
Singapore-based NRI media entrepreneurs list $100 million SPAC IPO on Nasdaq
The offering consists of 10,000,000 units at a price to the public of $10 per unit.
TikTok owner ByteDance considers listing China business in Hong Kong or Shanghai: Sources
Of the two venues, the company prefers Hong Kong, according to two of the people. One of the two also said ByteDance is simultaneously studying the option to list its smaller, non-China business - which includes TikTok that is not available in China - in Europe or the United States.
WeWork was a family affair, until things got complicated
There were a lot of things about WeWork that made public investors recoil.
What changed your market while you were sleeping
Nifty50 closed marginally higher on Monday to end its four-day losing streak.
Aston Martin boosts IPO prospects on DB11 lift as Brexit weighs
In a bid to follow a trail blazed by Ferrari, the carmaker could consider an IPO on the LSE.
Plan to raise Rs 120 cr via IPO: Hiren Gada, Shemaroo Entertainment
We have been having receivables on an average of 180 and 200 days and that has been the case for the last four years, except 2013.
Investors can skip Shemaroo's IPO; company's ability to leverage its content will set its future course
For past 5 years, more than 50% of the Shemaroo's revenues are coming from distribution of broadcast rights of its films to television channels
We’ll exceed disinvestment target if markets remain buoyant: Ravi Mathur, Disinvestment Secretary
"The targets have to be achieved in the next eight months, so the road map will be drawn based on expected realisation and the need to space out the issues."
Just Dial IPO closes at 15% gain; Founder VSS Mani’s wealth now worth a massive Rs 1300 crore
Justdial's Rs 950-crore IPO is the largest on Indian bourses this year and one of the biggest by an Indian Internet company.
Emerging investment options: Four novel consumer formats looking to debut on the bourses
Fabled American investor Peter Lynch has an investing credo that can be distilled to five pithy words: invest in what you know.
Indosolar fixes IPO issue price at Rs 29 per share
Indosolar today said it has fixed the issue price of its IPO, which closed on September 15, at Rs 29 per share -- the lower end of its price band.
Avoid' Tirupati Inks IPO, says HEM Securities
HEM Securities has advised investors to stay away from the initial public offering of Tirupati Inks. The company has entered the capital market to raise Rs 51.50 crore by issuing shares of face value Rs 10 each in price band of Rs 41-43 per share.
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