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Shares of three SME IPOs—Technocrats Plasma Systems, ENS Enterprises, and Skytech Infinite Platform—are set to debut on August 21. Technocrats Plasma Systems stands out with a strong grey market premium (GMP) of around 53%, signalling expectations of a robust listing gain, while ENS Enterprises and Skytech Infinite Platform have relatively muted GMPs.
Atomberg Technologies has taken a significant step by filing for an initial public offering. This IPO aims to generate capital through a new share issue while allowing existing investors to offload shares as well. The funds raised are earmarked for paying off debts and enhancing brand presence, coinciding with India’s growing focus on energy-efficient appliances.
Augmont Enterprises has raised Rs 246.29 crore from 14 anchor investors ahead of its IPO, allotting 31.25 lakh shares at Rs 788 each. Mutual funds accounted for 44.27% of the anchor allocation. The Rs 825-crore IPO, comprising a fresh issue of Rs 620 crore and OFS of Rs 205 crore, opens August 21.
Hero MotoCorp Share Price Live Updates: Hero MotoCorp Price Movement Analysis
On Friday, Indian equity markets faltered after an initial upturn, influenced by rising Brent crude prices nearing $94 and increasing US bond yields. Contrarily, the midcap and smallcap indices displayed resilience, climbing into positive territory. Market analysts predict a stable trading environment as crude prices stay high, while the Nifty VIX falling below 11 suggests…
HDFC Bank raised $1.75 billion through a twin bond sale to overseas investors. The lender raised $500 million via three-year bonds and $1.25 billion through five-year securities, both priced at tighter spreads than initial guidance, signalling strong investor demand.
Sugar stocks fell sharply on Friday after the government allowed duty-free imports of 1 million tonnes of raw sugar until October 31. Balrampur Chini Mills, Dhampur Sugar Mills and Bajaj Hindusthan Sugar declined sharply, reversing recent gains driven by rising sugar prices and tightening supply ahead of the festive season.
The BSE stock has witnessed a pronounced decrease in market value recently, attributed to the introduction of new auction regulations and diminished option trading activity. Additionally, the stricter bank guarantee requirements for brokers have raised alarm among investors. As a result, analysts have revised down their earnings expectations and stock projections, posing challenges for the…
Sensex Today | Nifty 50 | Stock Market LIVE Updates: Sensex slips over 50 pts, Nifty below 24,250; IT stocks fall
Samsung shares climb on reports of shareholder return plan exceeding $72 bln