On December 22, Ola Electric IPO filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). The proposed offering consists of a new equity share release of up to 5,500 crore and an offer for sale (OFS) of 95,191,195 equity shares with a face value of 10. Ola Electric…
IIFL Finance: Following a large block deal worth Rs. 1,358 crore, IIFL Finance shares fell more than 7% in early trading on December 22. Approximately 2.4 crore shares, representing a 6.5 percent stake in the company, were traded on the exchanges at an average price of ₹555 each. Notably, the block deal’s floor price was…
Azad Engineering IPO: Limited’s initial public offering (IPO) will accept subscriptions through December 22, 2023, and bidding will be accepted through that date. This indicates that investors have just one day left to apply for the public offering of Azad Engineering, as the IPO will close this evening. The firm that makes turbines and aerospace…
Following encouraging signals from the global market, the Indian stock market indices, the Sensex and Nifty 50, are probably going to open higher on Friday. The Indian benchmark index is off to a better start, according to Gift Nifty’s trends. The Gift Nifty was trading at about 21,382, compared to the previous close of 21,376…
FOREX-Dollar: The dollar held steady while sterling crosses lost ground on Thursday in holiday-thinned trade ahead of the year’s final major data release, U.S. inflation figures on Friday. Sterling GBP=D3 fell sharply against the dollar on Wednesday after British inflation fell short of expectations to 3.9% year on year in October, a two-year low. The…
Sameera Agro plans to raise a total of 62.64 crore through an initial public offering (IPO), which will involve the sale of 34.80 lakh equity shares. These shares will be listed on the NSE’s emerge platform on January 1, 2024. OVERVIEW On Thursday, December 21, 2023, the bidding for Sameera Agro and Infra’s initial public…
Suzlon Energy: This project will be a part of the tariff-based Wind-Solar Hybrid and STU (State Transmission Utility) project to increase the contribution of Renewable Energy in the state of Gujarat. The KP Group awarded Suzlon Energy a repeat order for the development of a 193.2 MW wind power project, which caused the company’s shares…
The 30-share BSE Sensex pack gave up 931 points, or 1.30 percent, to end at 70,506, while the NSE Nifty index as a whole lost almost 303 points, or 1.41 percent, to close at 21,150. A SUMMARY Benchmarks for Indian equities fell precipitously on Wednesday following the scaling of new lifetime highs. When the larger…
Tuesday’s closing price increase for US stocks put an eighth weekly victory within reach as investors continued to be bullish about the possibility of interest rate cuts despite cautions that such expectations are exaggerated. For the fifth consecutive record close, the Dow Jones Industrial Average (^DJI) increased by about 0.7%, or more than 250 points….
At 10:55 am on the last day of bidding, 3.26 subscriptions had been made for the ₹400 crore initial public offering (IPO) of real estate company Suraj Estate Developers. Against the 77.77 lakh shares that were on offer, it had bids for 2.53 crore shares. Monday, December 18, marked the start of the IPO, which…
