Sunday, March 3

Tag: NSE

Online Platform Indiamart IPO subscribed 36 times
Market

Online Platform Indiamart IPO subscribed 36 times

27th June, 2019- The initial public offer of IndiaMART InterMESH, an online marketplace for business products and services, was subscribed 35.87 times so far on the final day of bidding on 26th June 2019. The Rs 475 crore IPO received bids for 9,65,97,705 shares against the total issue size of 26,92,824 shares, as per data available with the NSE till 16:45 hrs. The initial public offer (IPO) is of 48,87,862 equity shares including anchor portion of 21,95,038 equity shares. The price range for the offer, which opened for bidding on Monday, has been fixed at Rs 970-973 per share. IndiaMart InterMesh had raised more than Rs 213 crore from anchor investors last week. ICICI Securities Ltd, Edelweiss Financial Services Ltd, a...
True North sells 7.39% stake in Aster DM Healthcare for $64.7million
Market

True North sells 7.39% stake in Aster DM Healthcare for $64.7million

Private equity firm True North has sold 7.39 percent stake in Aster DM Healthcare worth over $64.7 million (Rs 448 crore) through open market transactions. A total of 3.73 crore shares, amounting to 7.39 percent stake, were offloaded by True North Fund III-A translating into a $64.7 million transaction, according to bulk deal data available on NSE. According to the shareholding pattern available on India's Bombay stock exchange (BSE), at the end of March quarter, True North III A, held 8.23 percent stake in Aster DM Healthcare, which runs hospitals in India and the Middle East. In separate transactions, HDFC Mutual Fund bought 83 lakh shares of Aster DM for Rs 99.6 crore, Tata AIA Insurance purchased 50 lakh shares worth Rs 60 crore, while Fidelity Management and Ontario Pension ...
‘161 Indian IPO’s garner $5.52 bn till November in 2018’
INDIA

‘161 Indian IPO’s garner $5.52 bn till November in 2018’

Indian stock exchanges ranked second globally in terms of number of initial public offerings (IPOs), raising USD 5.52 billion from 161 offerings till November this year, according to a report. At the BSE and the National Stock Exchange, there were only two IPOs in fourth quarter of this calendar year, compared with nine and three in fourth quarter of 2017 and third quarter of 2018, respectively, said EY India IPO Trends: Q4 2018 report. A similar trend was witnessed in the small and medium enterprise (SME) market. There were eight IPOs in fourth quarter of 2018, compared with 31 and 42 in fourth quarter of 2017 and third quarter of 2018, respectively, showing a drop of 74 per cent and 81 per cent, respectively, it said. Industrial sector -- construction and engineering -- was the...
IBM to Take Over 1,000 Indian Staff as Part of Red Hat Deal
News

IBM to Take Over 1,000 Indian Staff as Part of Red Hat Deal

After the $33 billion acquisition of Red Hat, IBM will take over 1,000 people on board of the acquired company in the world’s second-largest technology deal so far. Along with this, IBM will get clients with high volume transactions that will include Bombay Stock Exchange and National Stock Exchange once the cash deal to acquire Red Hat Inc is completed. “The acquisition of Red Hat is a game-changer. It changes everything about the cloud market,” IBM chairman Ginni Rometty said. “IBM will become the world's #1 hybrid cloud provider, offering companies the only open cloud solution that will unlock the full value of the cloud for their businesses,” she said. Red Hat is known for its open culture that has been built by its CEO Jim Whitehurst and imbibed at its offices in India. BSE and N...
Advantages Of Opening Demat Account With India’s Top Stock Broking Firm Angel Broking
Market

Advantages Of Opening Demat Account With India’s Top Stock Broking Firm Angel Broking

Trading in stock markets has become an important part of the business world these days. As far as the fundraising of the companies is concerned, the only thing the companies look forward to is going public and trading their shares in the stock market. Therefore, with the increase in the stock market trading, the use of DEMAT accounts has also taken a step forward. But do you ever wonder where to open a Demat account? We have an answer for that too. Trading in securities and stocks is risky and thus, you need to have your account at a place which is fully trustworthy and reliable and India based Angel Broking firm fulfills all that. Angel Broking, as you all might have heard, is the most popular Indian Stock Broking firm that came into existence in 1987.   Now, what is a D...
BSE, NSE to Suspend Share Trading of Nine Companies
Market

BSE, NSE to Suspend Share Trading of Nine Companies

It has come to a shock that BSE and NSE, the leading stock exchanges are going to suspend trading in shares of nine companies. Among these companies, banking fraud accused Mehul Choksi's Gitanjali Gems is also included. The trading of Gitanjali will be suspended from 10 September 2018 for not following the listing norms related to the submission of financial results. The trading is being suspended because of companies’ inability to comply with the regulations of LODR (Listing Obligations and Disclosure Requirements) regulations for two consecutive quarters.   The firms whose stocks will be suspended for trading are as follows: - Gitanjali Gems  - Easun Reyrolle  - Amtek Auto  - Panoramic Universal  - Haryana Financial Corporation  - Thambbi Modern Spinning M...
Online Startups That Are Listed Under Stock Exchange
Market

Online Startups That Are Listed Under Stock Exchange

What is the stock exchange? In simple words, stock exchange refers to an organized market in which securities are bought and sold. If we go into the detailed description, the prices at which these securities are bought and sold are regulated by the forces of demand and supply. The stock exchange basically is an investment intermediary for corporations, governments, municipalities, and other incorporated bodies where they can raise capital by channeling savings of the investors in various productive ventures. The other purpose served by the stock exchange is that the investors can sell their securities to other investors for cash. These exchanges impose various rules and regulations on the firms and brokers that are involved with them. If a particular company is traded on an exchange,...
IndiGo Stocks Witness 3% Fall Ahead of March Quarter Results
Market

IndiGo Stocks Witness 3% Fall Ahead of March Quarter Results

Largest Airline Service in India in terms of passenger and fleet size, InterGlobe Aviation( IndiGo) had its shares fell by more than 3 percent today morning. The shares of the company have plunged just ahead of the announcement of its March quarter earnings scheduled to release later today. While the shares of the company opened at Rs 1,420, they were too quick to lose ground and felt low at Rs 1,353, accounting a 3.34 perecnt downgrade against the previous closing price. The Aviation Company witnessed a similar fate on NSE too where the shares that opened at 1,412.80 fell to a low of Rs 1,351, down by 3.69 percent over its previous closing price. Earlier in a regulatory filing, IndiGo had informed about a meeting of the board of directors to be held today to consider the approval...
Indian Banking Shares Surge On Government’s $32.4B Recapitalisation Plan
Market

Indian Banking Shares Surge On Government’s $32.4B Recapitalisation Plan

Indian banking shares soared on Wednesday, sending indexes to record highs after the cabinet approved a $32.43 billion plan to recapitalise its state banks over the next two years, although bonds fell given the injection will be funded with debt. State Bank of India, the biggest lender, rose more than 20 percent, while Punjab National Bank, the second biggest state-run lender, surged more than 33 percent. Also Read Know Why Zomato Base President Resigned Within 8 Months of Joining     The benchmark NSE Nifty rose as much as 1.3 percent to a record high of 10,340.55, while the BSE Sensex climbed as much as 1.6 percent to a record high of 33,117.33. Bonds fell, with the benchmark 10-year bond yield up 3 basis points to 6.81 percent from its previous close. ...
SMEs Raise 185 Crore Through IPOs in FY17
BUSINESS

SMEs Raise 185 Crore Through IPOs in FY17

Riding on upbeat market sentiment, as many as 23 small and medium enterprises (SMEs) got listed on capital markets with initial public offerings worth Rs 185 crore in the current fiscal. In comparison, 44 SMEs raised a total of Rs 290 crore in the entire last financial year (2015-16). "Indian primary market has witnessed spectacular revival in last few months, which is not limited to large IPOs like Mahanagar Gas or Quess Corp. Public share sales of smaller companies on the dedicated SME boards of stock exchanges, too, have been on a hot streak," Pantomath Group Managing Director Mahavir Lunawat said. A total of 23 firms made debut on the SME platform in 2016-17 so far, while a total of 28 companies filed their draft prospectus in the past fiscal to raise funds through an initial publ...
Sandhar Technologies gets Sebi nod for IPO
BUSINESS

Sandhar Technologies gets Sebi nod for IPO

Automotive components firm Sandhar Technologies has received market regulator Sebi's approval to raise at least Rs 300 crore from an initial public offering. The company had filed the draft red herring prospectus (DRHP) with Sebi on September 29, seeking permission for an IPO. The Securities and Exchange Board of India (Sebi) has cleared the proposed initial share sale and gave its final observations on the IPO on December 21. The initial public offer (IPO) consists fresh issue of equity shares aggregating up to Rs 300 crore and offer for sale of up to 51.15 lakh shares by GTI Capital Beta at a face value of Rs 10 each. The funds garnered from the IPO will be used for setting up a new manufacturing facility at Hosur in Tamil Nadu, repayment/pre-payment, in full or part, of cert...