Engineering and construction company Deepak Builders & Engineers India Ltd has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering. This is the first company to file the draft papers with Sebi for floating a maiden public issue in the current financial year (2024-25). The initial public offering … Read more
The initial public offering (IPO) of SRM Contractors will open for subscription tomorrow. The issue closes on March 18. Through the public offer, the company plans to raise around Rs 130 crore. Here are 10 things to know about Krystal Integrated Services IPO before subscribing to the issue. 1) What is the business overview of … Read more
Zinc oxide manufacturer JG Chemicals on Thursday fixed a price band of Rs 210-221 apiece for its Rs 251-crore Initial Public Offering (IPO). The initial share sale will open for public subscription during March 5-7 and the bidding for anchor investors will open for a day on March 4, the company said. The Rs 251.2-crore … Read more
The GMP of Motisons Jewellers, after a massive subscription to the IPO, are holding steady at Rs 78-80 in the unlisted market, indicating multibagger listing gains to investors. The company’s shares are expected to list on the exchanges on December 26. At the upper price band of Rs 55, the stock is trading nearly 145% … Read more
Starting May 1, 2023, stock brokers and clearing members in India will no longer be allowed to use their clients’ funds for bank guarantees, according to a ruling by the Securities and Exchange Board of India (Sebi). Usually, banks issue bank guarantees on behalf of stockbrokers to stock exchanges for security deposits and margin requirements. … Read more
“As you know this is a business where working capital intensity is high. Idea is also to make sure we maintain this working capital line and as we move forward our growth is fully funded,” says RM Subramanian, CFO, Avalon Technologies. Meanwhile, Kunhamed Bicha, CMD, Avalon Technologies says, “We are in the teens and there … Read more
The initial public offering (IPO) of electronics maker Avalon Technologies is set to open next week, starting April 3. The issue will be available for public subscription till April 6. The bidding for anchor investors will kickstart on March 31. Here are 10 things to know about the IPO. 1) Company OverviewAvalon is a fully … Read more
, part of the logistics space, could benefit from strong domestic economic activity, scale-up in new business as well as operational efficiencies which makes it a long-term buy, suggest experts. The logistics stock hit a fresh 52-week high of Rs 2,570 on 23 December 2021 but it failed to hold on to the momentum. However, … Read more