NON INSTITUTIONAL INVESTORS
Ahead of IPO, Bansal Wire Industries garners Rs 223 cr from anchor investors
The company has allocated 87.30 lakh shares to 18 funds at Rs 256 apiece, which is also the upper end of the price band. This aggregates the transaction size to Rs 223.5 crore, it added. The maiden public issue is an entirely fresh issue of equity shares worth Rs 745 crore, with no offer-for-sale (OFS) component.
Bain Capital-backed Emcure Pharma mobilises Rs 583 cr from anchor investors
Emcure Pharmaceuticals has allocated 57.8 lakh equity shares to 48 funds at the upper end of the IPO price band, raising Rs 582.6 crore. The public subscription for the IPO will commence on July 3rd and conclude on July 5th.
Zomato gets shareholder approval for Esop plan, gives up pursuit of NBFC licence
Food delivery company Zomato had proposed an Esop pool of 183 million shares. The new plan would mean a 2% stake dilution for existing shareholders, founder and CEO Deepinder Goyal had told shareholders in May, adding that the new pool would be sufficient for the next five years.
Niva Bupa files for Rs 3,000-cr IPO
Niva Bupa Health Insurance files a ₹3,000 crore IPO, aiming to enhance solvency ratio and operating expenses. British United Provident Fund Bupa is an existing shareholder. TrueNorth-managed Fettle Tone LLP and Bupa Group play key roles in the IPO process.
Vraj Iron and Steel IPO booked 1.5 times so far on Day 1. Check subscription, GMP and other details
Vraj Iron and Steel's IPO sees strong demand with retail investors leading subscription. The fresh equity issue aims to fund the Bilaspur Plant expansion. The company offers a range of products and operates manufacturing plants in Chhattisgarh. Aryaman Financial Services manages the IPO with a price band of Rs 195-207 per share.
Bandhan investors cautious ahead of leadership change
Analysts view the central bank move as administrative in nature to ensure a smooth leadership transition in the Kolkata-based lender, but concerns over Bandhan Bank's asset quality perhaps kept investors anxious.
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Equity taxation tweaks, PSU disinvestment among 6 factors that could break markets: Kotak Equities
Indian benchmark index Nifty 50 has surged by 1,682 points or 7.6% since the June 4 debacle, driven by non-institutional investors and select institutional investors, as noted by Kotak Institutional Equities. The market's sentiment remains positive despite potential risks, with a focus on upcoming state elections and regulatory oversight.
Ixigo parent’s IPO subscribed 98.1x
Le Travenues Technology's IPO, backing online travel giant Ixigo, garnered massive interest, oversubscribed by 98.1 times, with retail, institutional, and high-net-worth investors showing overwhelming demand, signaling robust market enthusiasm.
Green flavour not enticing enough for bond investors
Green bonds in India face challenges due to the absence of financial institutions focusing on green financing and investors enthusiastic about environment protection. Follow-up issuances have dried up a year after the first government green bond sale.
Indian exports: How Modi 3.0 can navigate the protectionist tides in advanced economies like US and EU
India has transitioned from a decade of single-party rule to a new era of coalition politics, causing concern among stock market investors about potential slowdowns in economic reforms. Rising protectionist measures from advanced economies like the US and EU pose challenges for Indian exporters, with stringent regulations on products ranging from chemicals to food items. The impact of these barriers could disproportionately restrict India's economic objectives and competitiveness, particularly in key sectors like textiles and apparel.
Sebi issues financial disincentives guidelines for bourses, other MIIs for surveillance lapses
Sebi on Thursday came out with a framework on "financial disincentives" for stock exchanges and other market infrastructure institutions for their lapses in detecting abnormal or suspicious trading activities to safeguard the interest of retail investors.
Gold firms on Fed rate cut hopes; investors await more US data
Gold prices edged higher on Monday as signs of cooling U.S. inflation lifted hopes for interest rate cuts from the Federal Reserve this year, while traders awaited a slew of U.S. economic data due this week.
Gold holds steady as investors await US data for more Fed clues
Gold prices steadied as investors awaited U.S. economic data for clues on Federal Reserve's monetary policy easing. Spot gold stood at $2,326.86 per ounce and U.S. gold futures at $2,347.40.
Ethereum ETFs: Why it is a game-changer for mainstream crypto adoption
Ethereum's pivotal role in propelling the mainstream adoption of crypto cannot be overstated. As the market undergoes continuous evolution, Ethereum stands as a cornerstone, guiding the industry toward unprecedented growth and innovation.
Exchanges warn investors of fake trading apps, impostors
Bourses in Mumbai issue warning about social media scams using established brokers' names for high returns.
Rs 1,800 crore a day! Why FIIs are selling Indian stocks since Lok Sabha elections began
FIIs have sold Indian stocks worth Rs 37,700 cr since the Lok Sabha elections began on April 19, causing nervousness on Dalal Street. India VIX has increased by 67%. In contrast, DIIs have spent Rs 60,000 cr, holding strong amidst market volatility.
Rupee rises 7 paise to 83.24 against US dollar in early trade
The rupee rose by 7 paise to 83.24 against the US dollar, aligning with its fundamentals. Medium-term target projected to range between 82.80 to 82.50 levels. Dollar index was trading lower at 104.63.
Focussed ‘underlying business’ approach of long-term investing: 5 non-Nifty largecap stocks with upside potential of up to 39%
Whether one accepts it or not, when someone uses the word large cap, first names which would come to mind would be nifty stocks. Because somehow the word large cap has become synonymous with nifty stocks. But the fact is that the world of large caps is much bigger and there are stocks which have been able to show strong out performance in troubled times of volatility, we take a look at them. When it comes to long term investing in the same industry, some players are able to show better performance in terms of growth. This could be because of belonging to a strong group, because the management had set the business in a way that it is able to take headwinds or the market size is so large that growth is bound to make and it comes with better margins to efficient players. We take a look at 5 stocks where the underlying business is strong and good to own business for the long term.
Go Digit retail portion subscribed 1.4 times
The portion for non-institutional investors was subscribed 0.3 times. Overall, on day 1, the insurtech company's issue was subscribed 0.36 times. Fairfax-backed Go Digit General Insurance, which runs Digit Insurance, had already raised ₹1,176.5 crore from anchor investors a day ahead of its IPO.
TBO Tek sees robust listing. What should investors do now?
TBO Tek strong listing can be attributed to the unwavering investor confidence in the company’s solid technological foundation and its potential for continued growth in the online travel sector.
TBO Tek shares debut at 55% premium over issue price
TBO Tek's shares debuted on NSE and BSE at premiums of 55% and 50% respectively. The company's appeal stems from its robust technological foundation, leveraging a proprietary platform. It raised funds from anchor investors for growth and inorganic acquisitions. IPO opening witnessed strong interest. General Atlantic acquired a minority stake in TBO.
TBO Tek shares to debut on Wednesday. What GMP signals ahead of listing
The TBO Tek IPO was booked over 80 times at close on strong interest from non-institutional investors. Ahead of the IPO opening, the company raised nearly Rs 697 crore from anchor investors.
Exploring the long-term implications of the 2024 Bitcoin Halving on anticipated market shifts
At a basic level, Bitcoin halving is part of the Bitcoin blockchain’s protocol and serves as a mechanism for regulating supply. It is programmed to occur approximately every four years or after the creation of 210,000 blocks and consists of a reduction in the block reward granted to miners.
FIIs withdraw Rs 46,000 crore from financial stocks in 2024. Is RBI the deal-breaker?
After selling financials worth over Rs 30,000 crore in January and nearly Rs 10,000 crore in February, Foreign Institutional Investors (FIIs) turned into net buyers in the sector in March. However, they resumed selling in April, with last month's selling amounting to around Rs 9,300 crore.
2024 promises to be a non-linear market. Here are 3 key reasons why
Institutional investors grapple with non-linear markets, driven by earnings risk, high dispersion, and volatile interest rate outlook. Sector and stock rotation intensify post hot summer forecast, reflecting increased market participation amid erratic swings.
Dial Vi for victory: Cash-strapped telco pulls off biggest FPO
The allotment for qualified institutional buyers (QIBs) was subscribed 19.3 times, of which 82% bids came from foreign institutional investors (FIIs). The non-institutional investor (NII) portion got bids for 4.5 times the shares set aside for them. The retail segment was fully subscribed. The offer had opened on April 18. The FPO is part of a broader ₹45,000 crore funding programme that's key to the company's survival.
Vodafone Idea FPO picks momentum as institutional investors pour money
Debt-saddled telecom operator Vodafone Idea Ltd's Rs 18,000 crore follow-on offering (FPO) on Friday picked up momentum with close to half of the issue being subscribed, largely by institutional investors.
Bharti Hexacom IPO retail segment subscribed 2.9x
The company's only public shareholder, Telecommunications Consultants India divested 15% stake in the company.
Bharti Hexacom IPO booked nearly 30 times on final day. Check GMP and other details
The category reserved for institutional investors was booked the most at 48 times, followed by non institutional investors at 10 times and retail investors at 2.82 times.
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