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Alpine Texworld shares debuted flat on Tuesday at their IPO price of Rs 105. The company plans to use Rs 126.25 crore raised from the IPO for expansion. Funds will support a new weaving unit and debt reduction efforts. Alpine Texworld specializes in fabric dyeing and processing with two existing facilities. The company is also…
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SBI Funds Management received bullish brokerage coverage from Equirus Securities and Emkay Global, with target prices implying up to 31% upside from its IPO price of Rs 574. The stock debuted at a 7% premium on the exchanges, listing at Rs 610 on the BSE and Rs 613.30 on the NSE. Brokerages cited its strong…
SBI Funds Management shares debuted on D-Street Tuesday, listing at a premium. The IPO saw robust investor response, subscribed over forty-one times overall. Institutional investors drove demand, with QIB portion subscribed impressively. The company is India’s largest AMC by Quarterly Average Assets Under Management. Financials show consistent revenue and profit growth over three years.
Caliber Mining & Logistics’ Rs 450-crore IPO is in its final bidding day. Investor demand remains strong, with the issue subscribed over 23 times. The grey market indicates a potential listing gain of nearly 22%. Proceeds will fund debt repayment and capital expenditure for machinery. The company expects its stock to debut on exchanges on…
SBI Funds IPO has transformed thirteen employees into crorepatis through stock ownership. Deputy Managing Director Devinder Pal Singh received the largest payout valued at Rs 121 crore. Chief Investment Officer Srinivasan Rama Iyer also secured a stake worth approximately Rs 105 crore. Several other senior executives gained substantial wealth from the company’s successful public offering….
Japan’s Nikkei share average advanced on Tuesday, recovering from last week’s steep slide. Investors bought beaten-down stocks after a market holiday, boosting the index. Global sentiment remained cautious due to rising oil prices and inflation concerns. Focus now shifts to upcoming second-quarter earnings from major U.S. technology firms. Analysts noted the gains reflected a technical…
IndiGo has signed a significant MoU with CFM International for over 1,000 LEAP-1A engines. This agreement marks the largest single order ever placed for LEAP engines. CFM International will also support IndiGo’s new engine maintenance facility. The airline’s partnership with CFM International continues its growth phase. This deal strengthens IndiGo’s expanding fleet and operational reliability.
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…
SBI Funds Management shares debuted on D-Street Tuesday, listing at a premium. The IPO saw robust investor response, subscribed over forty-one times overall. Institutional investors drove demand, with QIB portion subscribed impressively. The company is India’s largest AMC by Quarterly Average Assets Under Management. Financials show consistent revenue and profit growth over three years.