Popular Vehicles, Azad Engineering file draft IPO papers with Sebi

Popular Vehicles, Azad Engineering file draft IPO papers with Sebi

Two companies — Popular Vehicles and Services Ltd and Azad Engineering have filed their respective draft red herring prospectus with market regulator Sebi. Popular Vehicles and Services IPO comprises fresh equity issue of Rs 250 crore and an offer for sale up to 1.42 crore shares. Banyan Tree Growth Capital is the sole selling shareholder … Read more

Sebi examining NSE’s proposal for extended F&O trading hours: Report

Sebi examining NSE’s proposal for extended F&O trading hours: Report

India’s market regulator is examining a proposal from the country’s top exchange to extend trading hours for index derivatives but a final decision has not yet been taken, two sources with direct knowledge of the matter said on Wednesday. The National Stock Exchange (NSE) has sent a proposal to the Securities and Exchange Board of … Read more

State-owned Wapcos not to proceed with IPO, withdraws papers filed with Sebi

State-owned Wapcos not to proceed with IPO, withdraws papers filed with Sebi

State-owned Wapcos Ltd went back on its plans to launch an IPO and the issue was withdrawn on September 21, according to a processing status update with Sebi. The reason for the withdrawal is not known yet. The public sector firm had filed its draft red herring prospectus with Sebi in September last year. The … Read more

Your Demat, MF investments might be frozen if nominated details are not updated by Sept 30

Your Demat, MF investments might be frozen if nominated details are not updated by Sept 30

Investors, who have trading and Demat accounts and MF investments, need to update nomination details (positive nomination) or voluntarily opt out of the nomination (negative nomination) by September 30. The deadline for updating the nomination for mutual fund investments, trading, and Demat accounts is September 30. Sebi had earlier extended the deadline from March 31, … Read more

Fincare Small Finance Bank, Western Carriers get Sebi’s go ahead for IPOs

Fincare Small Finance Bank, Western Carriers get Sebi’s go ahead for IPOs

Fincare Small Finance Bank Ltd and logistics company Western Carriers (India) Ltd have received capital markets regulator Sebi‘s approval to raise funds through Initial Public Offerings (IPOs). The two firms, which filed preliminary IPO papers with the Securities and Exchange Board of India (Sebi) between May and June, obtained the regulator’s observation letters during September … Read more

RR Kabel to list today; first company to debut within 2 days of IPO closure

RR Kabel to list today; first company to debut within 2 days of IPO closure

New Delhi: Wires and cables manufacturer R R Kabel, which concluded its Initial Public Offering (IPO) on Friday, is set to list on Wednesday – becoming the first company to debut on Dalal Street within two days of issue closing. While Ratnaveer Precision Engineering was the first company to list under the T+3 regime, RR … Read more

I-banks see 36% rise in IPO fee income in H1 as listings surge

I-banks see 36% rise in IPO fee income in H1 as listings surge

Mumbai: The recent rush of initial public offerings (IPOs) in the Indian market has ensured that investment banks (i-banks) have seen better fee income generation in recent months. Bankers have seen their fee income grow by a sharp 36% to ₹509.2 crore in H1FY24, data analysed by ET showed. So far this fiscal, 19 companies … Read more

Some investors may oppose ICICI’s bid to delist broking arm

Some investors may oppose ICICI’s bid to delist broking arm

Mumbai: Private lender ICICI Bank‘s proposed bid to delist its broking and investment bank arm might face opposition from a section of the shareholders. While some investors think the conditions to delist ICICI Securities do not favour public shareholders, lawyers are raising questions about the capital markets regulator Securities and Exchange Board of India’s (Sebi) … Read more

After Zerodha, Groww launches first index fund following Sebi approval

After Zerodha, Groww launches first index fund following Sebi approval

“Groww Mutual Fund got approval for its first NFO – Groww Nifty Total Market Index Fund,” tweeted Co-founder, Lalit Keshre. Groww Nifty Total Market Index Fund is an open-ended scheme, tracking the Nifty Total Market index. The scheme will predominantly invest in equity, while a small portion of funds will be invested in debt and … Read more

Instant settlement of Indian stock market trades to come in by October 2024

Instant settlement of Indian stock market trades to come in by October 2024

India’s market regulator expects instant settlement of stock market trades to be implemented by October 2024, a source from the regulator told Reuters on Tuesday. Currently trades in India are settled in “T+1” or one day after the trades are initiated. Instant settlement would ensure trades are settled immediately. For foreign investors, the instant trade … Read more