PARTH SHAH
Allied Blenders and Distillers IPO subscribed 1.51 times on Day 2. Check subscription, GMP and other details
ABDL's IPO involves a fresh equity sale of Rs 1,000 crore and an offer for sale (OFS) of 1.77 crore shares by promoters Bina Kishore Chhabria and Resham Chhabria Jeetendra. Funds raised will repay borrowings and fund corporate needs. The company's shares are trading with a GMP of Rs 87.
Allied Blenders and Distillers IPO opens for subscription. Should you bid?
Allied Blenders and Distillers IPO, featuring Officer's Choice whiskey, will open for subscription with a price band of Rs 267-281 per share. Promoters will offload part of their stakes, and analysts caution against investing due to high valuation and financial risks.
Kalyan Jewellers, Sky Gold, 2 more jewellery stocks turned multibaggers since last Akshaya Tritiya
As India marks Akshaya Tritiya today, it's worth noting that the Sensex has surged by 12,750 points, moving from 59,655 on April 21, 2023, to 72,404 on May 9, 2024.
Lok Sabha Elections 2024: Friends are foes and foes have turned friends in Maharashtra's electoral battle
The political landscape in Maharashtra is witnessing a significant churn ahead of the 2024 Lok Sabha elections. Former allies are now opponents, and erstwhile foes have joined hands, creating a complex web of alliances and rivalries. At a recent rally, one-time colleagues, now on opposite sides, highlighted this shift. With key players like Ashok Chavan, Pratap Patil Chikhalikar, Shrirang Barne, and Ajit Pawar making strategic moves, the electoral battlefield in Maharashtra has become highly dynamic and unpredictable, resembling a modern-day political Mahabharat.
Popular Vehicles shares make a tepid debut, but analysts are bullish. Here's why
Despite a tepid debut, analysts are positive about the company's prospects in the medium- to long-term horizon, betting on the strong demand growth for the automobile industry.
Fundamental Radar: What makes Shakti Pumps a constructive bet in the pump manufacturing space? Parth Shah explains
Having decades of experience in the pumping industry and fetching a dominant position in the domestic solar pumping industry, the company also holds a 40% market share in the PM-KUSUM scheme, the government’s visionary program to embrace solar power for the agriculture sector.
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Rashi Peripherals sees a positive listing on the bourses. Should you hold or exit?
Despite a premium listing, the muted opening was due to the highly competitive market environment in which the company is operating and also the current market sentiments.
Flair Writing shares script lucrative Day 1. Should investors pencil in more gains?
Flair Writing stock listed at Rs 503 per share, a premium of 65.4% over its IPO price of Rs 304. The debut was above expectations, given the strong fundamentals of the company and the positive investor sentiment surrounding the IPO.
JSW Infra shares debut with healthy premium. What should investors do?
Despite a healthy listing pop, analysts remain optimistic about the company's prospects in the long run and advise investors to hold on to the stock.
JSW Infrastructure shares debut at 20% premium over IPO price
JSW Infrastructure has priced the issue in the range of Rs 113-119 per share. The IPO, which is entirely a fresh equity issue of Rs 2,800 crore, was subscribed 37 times at close.
JSW Infrastructure, Vaibhav Jewellers shares to debut on Tuesday. What GMP signals ahead of listing
JSW Infrastructure is the fastest growing port-related infra company in terms of growth in installed cargo handling capacity and cargo volumes handled during FY21-23, and the second largest domestic commercial port operator by cargo handling capacity in FY23.
Rishabh Instruments makes a tepid debut. What should investors do?
Experts advised investors, who received IPO allotment, to book profits and evaluate the financial performance for the next few quarters for an investment decision
Managed offices provider DevX raises $3 million from family offices for expansion
The funds will be used for Gujarat’s largest managed office space provider’s expansion and to more than double its portfolio to 2 million sq ft from the current 900,000 sq ft under management with 25 centres across 11 cities.
ZEE5 announces new series 'Fireflies - Parth Aur Jugnu'
Mythologist and author Devdutt Pattanaik serves as the script consultant on the series with American comic book writer Ron Marz, who has worked extensively with DC and Marvel Studios, on board as the script doctor on 'Fireflies'.
ET MSME Talks: Industry experts spotlight why healthcare is critical for ensuring MSME growth and building resilient MSMEs
Industry experts elaborate on how we can address the issue of alarmingly low numbers of employee healthcare coverage in terms of group health insurance in the MSME sector and create more awareness about the benefits of insurance.
BCCI mops up Rs 4,670 crore from sale of 5 WPL teams
The first edition of WPL, the women’s T20 franchise cricket league in India, will be played in March, after player auctions are held next month. The bidding for the WPL teams, which surpassed the Rs 2,852 crore that the BCCI generated from the auction of Indian Premier League teams in 2008, followed the record Rs 951 crore five-year media rights deal that the cricket board signed with Viacom18.
Mumbai Marathon 2023: N Chandrasekaran bonds with Parth Jindal; SUGAR bosses sprint to the finish line
Hindustan Zinc CEO and Pidilite Deputy MD also took part in the race.
Movements that shaped Davids and Goliaths of Gujarat politics
Gujarat’s 15th assembly will be formed in December after the election concludes. In the state’s 60-year history, political luminaries have risen to power and several heavyweights have been humbled by people. TOI’s Parth Shastri tracks major political upheavals to identify key players and gauge their impact on state politics
Managed offices provider DevX to expand portfolio 3.5 times to 1.6 million sq ft in a year
The company’s current portfolio comprises over 4.50 lakh sq ft space with 11,500 seats across 25 centers in 13 cities. It currently has operational centers in key cities like Mumbai, Pune, Hyderabad, Noida, Raipur, Jaipur and Ahmedabad.
Gujarati actress Happy Bhavsar Nayak passes away, condolences pour in
Born to artist parents, Happy Bhavsar started working as a child artist with TV serial Gunehgar and Tankha. She quickly earned fame and continued with her acting career as she worked with Saumya Joshi in HK Arts - which was a college-based theatre activity.
Omicron, FII flow and five listings among factors that may steer market this week
In the upcoming week, markets will miss major economic triggers and all eyes will be set on the Omicron cases and intense selling from the FPIs. Listing of as many as five companies will be on the investors' radar after a busy week for the primary market.
Amul Twitter account blocked briefly after ad targeted China
GCMMF Managing Director R S Sodhi said that Twitter blocked its handle @Amul_Coop after its advertising agency posted a cartoon featuring its mascot `Amul girl' with the caption "Exit the Dragon?" on Thursday night.
Curtailed IPL is one option but no one knows when it will start, feel owners
"We cannot and no one, you know, is in a position today to say when it's going to start. We will review the situation after two to three weeks. And hopefully by then the cases will reduce," Wadia told reporters after IPL owners' meeting with BCCI president Sourav Ganguly and secretary Jay Shah.
With Oppn in disarray, BJP eyes poll sweep in Maharashtra
BJP and ally Shiv Sena are yet to announce the seat-sharing pact for the polls, scheduled on October 21.
Summer getaways: Rashesh Shah is heading to Hawaii, Parth Jindal will be mountain climbing in Nepal
From a European road trip to beach hopping in the Caribbean, these stars know how to plan the perfect vacation.
DBT has shown mixed results for education system: World Bank official
Citing the huge impact of conditional grant in improving enrolment of girls in secondary education in his home country Bangladesh, he stressed on the importance of decentralisation of schools.
IPL star-crossed? Team owners hit by bad luck
Those who have bucked the trend are movie star Shah Rukh Khan, India's biggest businessman Mukesh Ambani and his wife Nita, and the Delhi franchisee GMR.
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