KARNATAKA BANK SHARE ALLOTMENT
HDFC Bank invests in anchor round of this high-demand SME IPO with over 100% GMP
HDFC Bank has been allocated approximately 1.58 lakh shares worth Rs 3 crore at Rs 190 each in the anchor round of the Ganesh Green Bharath IPO, which opened for subscription recently. Other notable investors in the anchor round include Copthall Mauritius Investment, India Equity Fund, and Craft Emerging Market Fund.
Karnataka losing out in manufacturing race; CXO churn in startups
New-age companies are choosing to set up manufacturing facilities in neighboring states like Maharashtra and Tamil Nadu, bypassing Karnataka. More on this in today's ETtech Morning Dispatch.
Vraj Iron and Steel IPO share allotment likely today. Here's how you can check status
Vraj Iron and Steel IPO, oversubscribed 100 times, plans to utilize proceeds for Bilaspur plant expansion. The company's shares trade at a premium in the unlisted market. Product offerings include TMT bars and Dolochar. Loan from HDFC Bank to be repaid with IPO funds, with internal accruals contributing to the balance amount.
Karnataka seeks Gujarat’s GIFT city-like facility for state from Centre ahead of Union Budget
Pushing for a Central Business District akin to GIFT City, Karnataka seeks rapid project approvals and funding for infrastructure, emphasizing economic growth, job creation, talent development, and research initiatives.
Priyank Kharge meets IT minister Ashwini Vaishnaw, requests Centre's support for state's chip firms
Karnataka IT minister Priyank Kharge met Ashwini Vaishnaw, union IT minister, to seek support for the state's semiconductor and electronics space. Kharge said that the State has the highest share of 46% in India in housing innovative companies and contributes 10% of India's industrial output.
Akme Fintrade IPO share allotment likely on Monday. Here's how you can check status
The funds are being raised primarily to augment its capital base. As per RBI norms, the minimum capital adequacy for an NBFC should be 15%
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Paytm shares soar over 8% after laying off employees as part of group restructuring
Paytm has been facing regulatory trouble after the RBI barred Paytm Payments Bank Ltd from accepting more deposits from February 29, owing to non-compliance. After declining 51% in the last one year, Paytm saw some positive action with the shares rising 13% this month.
IDFC First Bank to raise Rs 3,200 cr via preferential issue to LIC, others
IDFC First Bank will allot around 39.68 crore shares to some of India's biggest institutional investors, including LIC, HDFC Life, ABSL Insurance, Bajaj Allianz Life, ICICI Lombard, and SBI General Insurance.
Stocks in news: NTPC, Cochin Shipyard, Hindustan Copper, Karnataka Bank, Narayana Hrudayalaya
Torrent Pharmaceuticals consolidated net profit surged 56.45% to Rs 449 crore in Q4 FY24 as compared with Rs 287 crore recorded in Q4 FY23. Revenue from operations rose 10.2% YoY to Rs 2,745 crore in the quarter ended 31 March 2024.
Karnataka Bank Q4 Results: Net profits dips 23% YoY to Rs 274 crore, dividend declared at Rs 5.5 per share
Its net interest margin, a key profitability metric, fell 57 basis points to 3.3% for the quarter as compared with 3.87% seen in the year-ago period. Net interest income was 3% lower at Rs 834 crore.
Go Digit to debut at the bourses today; here's what GMP signals ahead of listing
The Go Digit IPO garnered a robust reception, with the company's shares commanding a premium of Rs 25 in the unlisted market. Demand for the issue surged nearly 10 times by the close, fueled by strong interest from both retail and institutional investors.
Go Digit sees moderate listing, but analysts project optimism. What investors should do
Analysts said Go Digit's position as the fastest-growing private non-life insurer by GWP in India positions it for continued success in the insurance market. The company's advanced technology platform and focus on innovation bode well for its future.
Virat Kohli-backed Go Digit debuts at 5% premium over IPO price
Go Digit's shares listed on NSE and BSE at a premium. The stock debuted at Rs 286 on NSE and Rs 281.1 on BSE, with strong interest from buyers.
Vi board approves allotment of equity shares worth Rs 2,075 crore to ABG entity
Vi's board approved allotting equity shares worth Rs 2,075 crore to an Aditya Birla Group entity, marking the conclusion of its over Rs 20,000 crore fundraising plan via the equity route.
Despite healthy response to IPO, Go Digit GMP slips on allotment day
Go Digit shares were trading with a GMP of Rs 50 in the unlisted market when the IPO opened for subscription. However, it has seen a consistent slide in the past few days and is currently trading with a premium of just Rs 25.
Go Digit IPO allotment expected soon: Check status, GMP, listing date and other details
After a strong response for the IPO, Virat Kohli-backed Go Digit Insurance is likely to finalise the share allotment on Tuesday. The issue was booked nearly 10 times at close on strong interest from retail and institutional buyers.
Rajnish Kumar, Mohandas Pai to exit Byju’s advisory council
Both Mohandas Pai and Rajnish Kumar had joined the advisory council after the edtech's investors–Peak XV Partners, Prosus and Chan Zuckerberg Initiative–left the board of the company last year
Congress repeats it will double free ration if INDIA bloc wins; says BJP is spreading lies
The Congress party accused the BJP of spreading misinformation about food rations in India. They declared that Karnataka's successful 10 kg free rice scheme 'Anna Bhagya' will be extended nationwide by an INDIA bloc government. The party promised to double free ration allotments if elected.
Go Digit Insurance IPO: GMP, price band among 10 things to know before subscribing to the issue
Go Digit Insurance IPO consists of fresh equity issue of Rs 1,125 crore and an OFS of up to 5.47 crore shares. While promoter Go Digit Infoworks will offload stakes, Virat Kohli and Anushka Sharma will continue to be investors. Its price band has been fixed Rs 258-278 apiece.
Corrections are opportunities for long term investors: 5 midcaps with right mix and upside potential of up to 46%
For the next couple of weeks, what will dominate the narrative on the street would be the action and expectation from the US Fed and Iran’s attack on Israel and whether it escalates further or not. At a time when events where no one has any control are hitting the street, two things are most important, first, don't react in panic. Now panic is not only about selling because the news is negative, but also about buying just because stock prices have fallen from its recent high. It is time to remember that there is not even a single year in the last 25 years, when there has not been an issue which made it appear that the world is going to crumble. But the fact is good businesses have still grown, valuations have still risen and broader markets have moved higher. So, these geopolitical tensions are part of life only if one focuses on what one is investing into and puts more checks and balances so that one is able to bring in the element of margins of safety.
Vodafone Idea board meet on April 6 to mull preferential issue of equity shares
This comes after the telecom operator on Tuesday received shareholders’ approval to raise Rs 20,000 crore through equity linked instruments. Besides raising funds via equity, the cash-strapped operator is also engaging with its lenders for tying up debt funding.
Vijay Kedia-backed TAC Infosec IPO allotment likely today: Check status, listing date, GMP and other details
The allotment for the SME IPO of Vijay Kedia-backed TAC Infosec, which has seen overwhelming response, will be finalised on Wednesday. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made.
Trust Fintech IPO allotment likely tomorrow: Check status, listing date, GMP and other details
In the unlisted market, Trust Fintech's shares are commanding a GMP of Rs 45.The IPO, which was completely a fresh equity issue of 62.82 lakh shares, received an overwhelming response from investors with a subscription of 100X.
Karnataka Bank approves Rs 600 crore QIP share allotment
Private lender Karnataka Bank’s committee of directors on Thursday approved the allotment of shares worth Rs 600 crore at a price of Rs 227 apiece to qualified institutional investors.
Mood upbeat, promoters use preferential allotments to raise stake
In the past six months, more than 100 companies have issued convertible warrants or made preferential allotments to promoters, considered a sign of optimism among these shareholders about the outlook of their businesses and share valuations.
IPO listing gains attract many, but few get the allotment: Here's how to increase your chances of IPO allotment
Increase your chance of IPO allotment: Retail investors are flocking to the stock market and investing in initial public offering (IPO). However with multiple mainboard and SME board IPOs getting oversubscribed by 100 times and more the chances of a successful IPO allotment is less. Here's some tips on how to increase your chance of successful IPO allotment.
Interiors & More IPO allotment: Check status, GMP and other key details
Investors who applied for the Interiors & More IPO can check the allotment status by visiting the NSE website. On the allotment date, investors get to know about the number of shares allotted to them against the bids made.
Karnataka Bank shares tank 12% on lower YoY NIMs, higher GNPA
Karnataka Bank reported the December quarter NII at Rs 827.60 crore down by 0.86% from Rs 834.76 crore reported in the year-ago period. Meanwhile, the NIMs were lower by 35 bps at 3.46% for the October-December quarter versus 3.81% reported in Q3FY23.
Karnataka Bank Q3 Results: Net profit rises 10% YoY to Rs 331 crore
Net profit for the quarter stood at Rs 311 crore compared with Rs 301 crore a year ago, the Mangaluru-headquartered bank said on Tuesday. The bank said its net interest margin in the first nine months of FY23 shrank to 3.57% compared with 3.63% in the year-ago period.
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