PRODUCT ISSUES
Sanstar's Rs 510-cr IPO to open on July 19; sets price band at Rs 90-95 per share
Sanstar, a plant-based specialty products company, has set a price range of Rs 90 to Rs 95 per share for its Initial Public Offering (IPO), aiming to raise Rs 510 crore. The IPO will be open for public subscription from July 19 to July 23, as announced by the Ahmedabad-based company.
IPO Calendar: 3 new issues, 1 listing to watch out for next week
The lull in the IPO market may only last for a while as 55 companies are gearing up to raise a whopping Rs 68,000 crore through initial share sales in the next few months, according to analysts.
Mother issues
'Well,' says Mrs Banerjee, 'This is not a competition, but my Subhro pays someone ₹2,000 an hour twice a week just so he can lie on a couch and talk to him. And who do you think he speaks about at those prices? ALL HE SPEAKS ABOUT IS ME!'
Three M Paper Boards IPO opens today: Check issue size, price band, GMP and other details
Three M Paper Boards IPO: Three M Paper Boards aims to raise Rs 40 crore through its SME IPO. With a potential listing gain of 46%, investors are buzzing about this opportunity in the booming paper industry.
Prizor Viztech IPO opens today: Check issue size, price band, GMP and other details
The SME IPO of Prizor Viztech, which offers CCTV solutions across verticals, seeks to raise Rs 25 crore. Shares are priced at Rs 82-87, and investors can bid for 1,600 shares in a lot. The issue closes on July 16 and will list on the NSE SME on July 22.
Ganesh Green Bharat IPO allotment: Check status, GMP, listing date and other details
In the unlisted market, the company's shares are trading with a premium of Rs 240. If the trends sustain, the company's shares are expected to list with maximum gains of 90% on July 12. The company has priced the IPO at Rs 190 at the upper end.
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Delhi excise policy scam case: Court issues production warrant for Arvind Kejriwal
A New Delhi court issued a production warrant for jailed Chief Minister Arvind Kejriwal for July 12 appearance in the Delhi excise policy scam. Judge Kaveri Baweja acknowledged ED's seventh chargesheet against Kejriwal and AAP. The eighth names Vinod Chauhan and Ashish Mathur. Kejriwal, national convenor, was arrested by anti-money laundering agency on March 21. Physical production ordered.
Emcure Pharma IPO GMP rises on share allotment day, indicating healthy listing
Following a healthy response to the IPO of Emcure Pharmaceuticals, the shares of the company are commanding a healthy premium of Rs 360 in the unlisted market.
Bansal Wire IPO share allotment expected soon. Check status, GMP, listing date and other details
Bansal Wire's IPO saw strong interest with 58 times subscription. Share allotment to be finalized on Monday. Company is the largest stainless steel wire manufacturer in India, catering to various sectors. Unlisted shares trading at a premium of Rs 76.
IRDAI bars insurers from advertising unit-linked policies as investment products, issues advertising rules
The Insurance Regulatory and Development Authority of India (IRDAI) has bared insurance companies from advertising Unit linked and or index linked products as investment products. In a master circular dated June 19, 2024 IRDAI issued this direction to all insurance companies. Read here to know more about what else IRDAI said.
Vraj Iron and Steel IPO picks up pace on Day 2. Check subscription, GMP and other details
The initial public offer (IPO) of Vraj Iron and Steel picked up pace on the second day of the bidding process. The issue was subscribed over 8 times so far, driven by strong interest from retail and non-institutional investors.
Dindigul Farm Product shares list at 90% premium on BSE SME platform
Dindigul Farm Product's successful IPO debut and premium listing showcased strong investor interest, with revenues reaching Rs 68.74 crore by December 2023, managed by Beeline Capital Advisors and Link Intime India.
Visaman Global Sales IPO opens today: Check issue size, price band, GMP and other details
Visaman Global Sales IPO opened today to raise Rs 16.05 crore through a fresh equity issue. The company specializes in steel products and aims to utilize the funds for capital expenditure and working capital needs.
Lupin, Eugia recall products from US market: USFDA
Drugmakers Lupin and Aurobindo Pharma are recalling products from the American market due to manufacturing issues, as reported by the US Food and Drug Administration (USFDA). Lupin Pharmaceuticals Inc, a US-based unit of Lupin, is specifically recalling 3,552 bottles of Cefixime for Oral Suspension (USP 200 mg/5 mL) because of "failed content uniformity specifications."
Sebi confirms interim direction; bans JM Financial from managing debt public issues till Mar 2025
SEBI confirmed restrictions on JM Financial, barring it from leading debt issuances until 2025. The firm also pledged to discontinue its subsidiary's IPO financing business.
Dindigul Farm Product IPO opens today: Check issue size, price band, GMP and other details
Dindigul Farm Product SME IPO offers 64 lakh shares at Rs 51-54 each, aiming to raise Rs 35 crore and list on BSE SME platform.
SHOCKING: Anurag Kashyap exposes how customs treated Christopher Nolan during 'Tenet' shoot in India
Anurag Kashyap recently highlighted the challenges faced by Christopher Nolan during the filming of 'Tenet' in Mumbai, revealing that Indian customs held up Nolan's equipment. Kashyap criticized the lack of support for indie filmmakers in India and emphasized the systemic issues in cinema funding. His candid remarks shed light on the hurdles faced by international filmmakers and called for substantive reforms to empower creative talent within the country's film industry.
Food safety violations at Blinkit warehouse: Telangana authority to issue notice
Several products in the Blinkit warehouse were found to have expired and were seized, Telangana's Commissioner of Food Safety said on Thursday. The raid found that cosmetic products were stored with food items and that the licence of Congruence Trade and Services Pvt Ltd – one of the manufacturers of Whole Farm brand – was not as per the Food Safety and Standards Act.
Google's privacy chief to exit
Google's chief privacy officer, Keith Enright, is leaving the company this fall after 13 years. The departure is part of a broader reorganization within the privacy teams amid heavy government scrutiny over privacy issues.
TBI Corn IPO opens today: Check issue size, price band, GMP and other details
TBI Corn IPO GMP: TBI Corn IPO, which aims to raise Rs 45 crore, will remain open till June 3. Global maize production increase encourages trade worldwide. Offer structure: 50% for QIB, 35% for retail, 15% for NII investors.
Rameshwaram Cafe’s founder issues apology after police raid finds expired food items, netizens roast him for insincerity
The Hyderabad branch of the iconic Rameshwaram Cafe recently came under scrutiny after Telangana Police found stocks of food items well past the expiry date on its premises. While the co-founder was quick to apologize, netizens thought the apology was half-hearted.
Lesson for entrepreneurs: What are the common mistakes startup founders make and how to avoid them?
India has the third largest startup ecosystem in the world, with 1.17 lakh entities (DPIIT), nearly 1,710 venture capital funds, 794 accelerators and incubators (Tracxn), and several government initiatives like Startup India. Despite this fervour and support, financial and otherwise, the startup journey is extremely difficult.ET Wealth lists the typical mistakes most founders make and tell you how to tackle these
Boeing now sees negative free cash flow in 2024 as deliveries remain sluggish
Boeing will burn rather than generate cash in 2024 and deliveries aren't expected to increase in the second quarter, the company's finance chief said Thursday, as the U.S. planemaker grapples with a full-blown crisis that is weighing on production of its strongest-selling aircraft.
Boeing CFO says second-quarter deliveries won't increase from the first quarter
Boeing CFO Brian West mentioned that commercial jet deliveries will not increase in the second quarter due to production quality issues. He also discussed delays in jet deliveries to China related to a regulatory review of batteries for the cockpit voice recorder.
Zepto customer receives nearly-expired 10kg flour pack, company says 'eat it in 7-days.' What happened next?
Delhi resident Gajender Yadav received a 10 kg packet of wheat flour from Zepto with an expiration date just eight days away. Frustrated, he took to social media to share his experience, humorously inviting Zepto to help him finish the flour. The post went viral, prompting a response from Zepto, but further escalation occurred when customer care advised him to consume the flour within seven days. Yadav's witty updates and criticisms of Zepto's handling of near-expiry products gained widespread attention.
Dr Reddy's, Sun Pharma, Aurobindo recall products in US
The company is also recalling another lot of sapropterin dihydrochloride for the same reason, it added. The USFDA said the drug maker initiated the Class I recall in the US on April 8 this year. As per the US health regulator, a Class I recall pertains to defective products that can cause serious health problems.
Corporate actions this week: SBI, Tata Consumer Products to go ex-dividend, Bharat Dynamics ex-split & more
This week, SBI, Colgate-Palmolive (India), Oberoi Realty, Tata Consumer Products, and Sula Vineyard will go ex-dividend. Bharat Dynamics and Som Distilleries Breweries & Wineries will undergo a stock split, with other companies also set for corporate actions such as bonus issues and rights issues. On May 24, Tata Consumer Products (Rs 7.75/share), and Vedanta (Rs 11/share) will trade ex-dividend.
Sanstar gets Sebi go-ahead for IPO
When a company receives final observation from Sebi, it's a signal from the regulator to go ahead with the IPO. The regulator issued its final observations on the draft papers last week.
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