A manager at the Indian Institute of Management (IIM), Ahmedabad, has fallen victim to an elaborate online trading scam, losing nearly Rs 50 lakh after being lured into a bogus IPO investment scheme through a WhatsApp group promoting stock market “tips.” According to The Times of India, the 49-year-old victim, who resides in Chandkheda, filed … Read more
Lalithaa Jewellery Mart, a Chennai-headquartered jewellery retailer offering gold, silver, and diamond jewellery designed for southern Indian markets, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise Rs 1,700 crore through an initial public offering (IPO). The proposed Rs 1,700 crore IPO comprises a fresh … Read more
Investor sentiment will be in focus on Monday, June 2, as Aegis Vopak Terminals and The Leela Palaces (Schloss Bangalore) make their debut on the Indian stock exchanges. Both IPOs saw moderate interest, mainly from institutional investors, while grey market premiums suggest a muted listing. Aegis Vopak Terminals IPO GMP Aegis Vopak Terminals’ IPO, open … Read more
Finwizz Financial Services, a leading loan distribution intermediary, and Mywish Marketplaces (Wishfin), India’s pioneering digital lending marketplace, are merging to create a premier omni-channel financial product distribution platform, according to sources. The combined entity aims to become a dominant distribution channel for India’s top banks, NBFCs, fintechs, housing finance companies, and insurance providers, they said. … Read more
Abhishek Gaoshinde, Head of Research, ET Now, says for Aegis Vopak IPO, he will give a 3.5 out of 10. For Schloss, it will be 4 because of its presence in this luxury hotel segment and for Scoda and Prostarm, he will give 2.5 because of their working capital intensive business model. What are the … Read more
Markets regulator Sebi has restrained SME company Varyaa Creations Ltd (VCL) from accessing the securities market for alleged diversion of funds raised through its initial public offering (IPO). Additionally, the regulator has barred Inventure Merchant Banking Services Pvt Ltd from taking up any new assignment relating to merchant banking activities in the securities market till … Read more
Bajaj Broking advises only well-informed, surplus fund investors to consider Ather’s IPO with a long-term horizon. Despite financial losses and high debt, it sees potential in the company’s future scale-up plans and strong backers. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the … Read more
Capital markets regulator Sebi has granted an extension for the listing of National Securities Depository Ltd (NSDL) shares until July 31, 2025, the depository announced. This extension comes after the depository sought an extension from the Securities and Exchange Board of India (Sebi). According to NSDL’s statement, “Sebi, vide its letter dated March 28, 2025, … Read more
Prozeal Green Energy and Gujarat Kidney and Super Speciality Ltd have filed their draft red herring prospectuses (DRHPs) with the Securities and Exchange Board of India (SEBI) to raise capital through initial public offerings (IPOs). Prozeal Green Energy IPO Prozeal Green Energy, India’s fourth-largest solar engineering, procurement, and construction (EPC) firm by revenue in FY24, … Read more
