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As per AMFI data, growth/equity-oriented schemes and solution-oriented schemes witnessed inflows of Rs 1.53 lakh crore and Rs 1,554 crore respectively.
2023-01-31T16:10:58+05:30


The open-ended equity scheme will follow business cycle-based investing theme, the fund house said on Tuesday.
2023-01-31T15:55:03+05:30


According to the fund house, the domestic economy is in an interesting phase right now. The onset of the Covid 19 pandemic made matters more challenging amid the NBFC crisis pre-pandemic.
2023-01-31T11:18:28+05:30


ETMutualFunds looked at data and found out that several mutual funds had investments in the Adani Group companies like Adani Enterprise, Adani Green Energy, Adani Ports & Special Economic Zone (SEZ), Adani Power Ltd., Adani Total Gas., Adani Transmission, Adani Wilmar, Ambuja Cement, and ACC Ltd.
2023-01-31T10:21:24+05:30


Inflation in India went up in sync with the rest of the world and in a bid to tame inflation, the Reserve Bank of India (RBI) has raised the policy repo rate by 225 bps from 4% since May 2022 to 6.25% to 6.25% as of December 2022.
2023-01-31T09:43:02+05:30


“If we look at the Quant Fear Index, in the last two or three days, when this fall unfolded in a big way, it did not spike up to that extent to say reversal. It can settle down in the next few trading sessions. We are closer to that event which means the downside may not be very significant from the current levels.”
2023-01-30T12:51:29+05:30


If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2023-01-30T11:48:57+05:30


To encourage retail investors to invest in gold through the mutual fund route rather than buying physical gold, AMFI had proposed that LTCG on Gold ETFs and Gold Fund of Funds should be brought down in the Union Budget 2023.
2023-01-30T10:27:08+05:30


While the fund made a strong comeback in 2021, it slipped again in 2022, lagging the index sharply. This leaves its long term return profile weak, needing a lot of catch-up with index and peers.
2023-01-30T08:45:57+05:30


Funds with diluted value bias have failed to make most of the current uptick.
2023-01-30T06:30:00+05:30


From Friday, Indian equity markets moved to a T+1 settlement cycle for all stocks, shortening the settlement cycle by a day and making the availability of funds a day sooner than at present.
2023-01-27T19:59:33+05:30


Edelweiss CRISIL IBX 50:50 Gilt Plus SDL Short Duration Index Fund will replicate CRISIL IBX 50:50 Gilt Plus SDL Short Duration Index by investing in a diversified portfolio of Indian Government Bonds and SDLs, subject to tracking errors.
2023-01-27T13:50:45+05:30


If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2023-01-27T11:49:45+05:30


The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter. The fund will invest predominantly in equity and equity related instruments across market capitalisation- large cap, mid cap and small cap companies.
2023-01-27T11:41:45+05:30


This belief has translated to flexicap category being the largest equity investment category in the given scheme classification of mutual funds. The category has garnered approximately Rs 2.49 lakh crores of AUM which is in 1.25 crore folios.
2023-01-27T10:35:47+05:30


Several fund managers believe that time is right for the government to introduce a debt mutual fund option under Section 80C. AMFI says it will also help to channelise household savings into the bond market and deepen the bond market.
2023-01-27T10:05:49+05:30


If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2023-01-25T14:24:07+05:30


The purpose of this was to see how many schemes consistently beat their benchmarks in different periods like three, five, seven, and 10 years. Mutual fund advisors often ask investors to choose schemes that have consistently beaten their benchmarks over a long period of time.
2023-01-25T11:58:15+05:30


Returns from equity mutual funds are taxed depending on the period of holding the investment. ULIPs are not taxed as they are considered insurance products.
2023-01-25T11:23:15+05:30


Conservative investors who are moving from deposits to mutual funds or those worried about a full-equity portfolio’s volatility and wanting a small allocation to stocks can consider equity savings funds.
2023-01-25T08:54:00+05:30


As of December 31, 2022, 66% of the company’s total monthly average AUM is contributed by individual investors compared to 58% for the industry.In an exchange filing, the company said that it had a market share of 12.8% of the individual monthly average AUM in the industry, making it one of the most preferred choices of individual investors.
2023-01-24T16:11:21+05:30


Gunwani also served as the Deputy CIO (Equities) at ICICI Prudential AMC. Gunwani graduated from IIT Madras and has a postgraduate diploma in management from IIM Bangalore.
2023-01-24T15:38:13+05:30


Investors must focus on the processes and controlling the controllable and not worry too much about other things, for e.g., macroeconomic factors like interest rates, inflation and crude oil prices which are beyond one’s control.
2023-01-24T14:44:13+05:30


According to fund managers, the government will most likely meet its fiscal deficit aim of 6.4% of GDP in FY23 aided by robust tax revenue growth and higher than budgeted growth in nominal GDP.
2023-01-24T14:19:37+05:30


Most of the schemes in the category had high exposure in private banks. Among PSU banks, the best performing schemes had investments in Bank of Baroda, State Bank of India, and Punjab National Bank.
2023-01-24T10:33:11+05:30


To help mutual funds penetrate further into smaller towns and cater to investors long term goal like retirement, here are a few recommendations made by Association of Mutual Funds in India (AMFI) for the Budget 2023.
2023-01-24T10:28:03+05:30


The fund house managed Rs 79,000 crore in fixed income and Rs 28,360 crore in equity as on December 31, 2022.
2023-01-24T09:36:05+05:30


"A rising price (of gold) puts some pressure on investors, with people holding back investments."
2023-01-23T10:41:29+05:30


There are a total 24 schemes investing in gold at the moment. Silver funds are a new entrant to the mutual fund market. There are 12 schemes in the category, including ETFs and FOFs.
2023-01-23T10:18:40+05:30


We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.
2023-01-23T06:30:00+05:30


A radically different investing style has put the fund house in the spotlight.
2023-01-23T06:30:00+05:30


"There is a case to make pension plans from insurance companies on a par with NPS which has a separate limit. Globally, we have seen that separate tax saving limits for insurance goes a long way in increasing penetration and India is no exception," said Tarun Chugh, CEO Bajaj Allianz Life Insurance.
2023-01-23T00:20:23+05:30


Three Indian issuers that are rated A- and below are scheduled to raise funds next week via shorter tenor bonds, indicating an improved investor appetite for such notes. The rates for these papers are in the range of 10.50-14.00%.
2023-01-20T15:52:04+05:30


Currently, 10 new mutual fund offers are open for investment. They are from balanced advantage fund, multicap fund, multi asset allocation fund, gilt fund, fixed maturity plan, and ETF categories.
2023-01-20T11:38:22+05:30


There are seven index schemes in the small cap mutual fund category. These schemes are benchmarked against Nifty Smallcap 50 - TRI, and Nifty Smallcap 250 - TRI. Three small cap index funds were launched in 2022.
2023-01-20T10:10:21+05:30


In response to an additional question, more than 60% of respondents, 55 of 89, said the Fed was more likely to hold rates steady for at least the rest of the year than cut. That view lined up with the survey's median projection for the first cut to come in early 2024.
2023-01-20T07:52:25+05:30


If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2023-01-19T12:07:20+05:30


Debt Mutual funds too went through a torrid phase over the last few years lurching from one crisis to another, starting with credit defaults by ILFS and others, to the massive liquidity crisis for investors in Templeton debt funds.
2023-01-19T10:31:44+05:30


Many fund houses launched multi asset funds recently and some more are in the pipeline. In this scenario, the question is- are multi asset allocation funds really worth the hype?
2023-01-19T09:53:02+05:30


As per Sebi mandate, medium duration funds must invest debt in and money market instruments with Macaulay duration of three and four years. As you can see, these schemes are suitable for investors looking to invest for three to four years or more.
2023-01-19T09:07:10+05:30


The Fed's benchmark overnight lending rate currently sits in a target range of 4.25% to 4.50%, and investors expect the Fed to lift that rate by a quarter of a percentage point at the end of its Jan. 31-Feb. 1 meeting.
2023-01-19T07:59:03+05:30


Long term funds lose money when the interest rates are going up. However, they make double-digit returns when the rates starts to fall . If you can take risk, here are our picks for 2023.
2023-01-18T14:19:56+05:30


If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2023-01-18T12:26:13+05:30


Out of 69 schemes that have been in the market, 44 schemes have offered double-digit returns in the last three months. The top performers in this category were technology ETFs. Mirae Asset Hang Seng TECH ETF has offered the highest return of 39.97% in the three-month duration, followed by Mirae Asset Hang Seng TECH ETF FoF which offered 39.25% returns.
2023-01-18T11:30:10+05:30


Over the last few months markets have seen a bounce back from deeply oversold readings. The European and other emerging market stocks have also seen a sharp recovery.
2023-01-18T10:25:56+05:30


The active versus passive debate is raging in mutual fund circles. Here is a primer on how an actively managed scheme works and how it differs from a passive scheme.
2023-01-18T08:47:57+05:30


According to the press release, the fund house’s proprietary model will provide broad guidance regarding the relative valuation levels and scope of the asset allocation opportunities in the market.
2023-01-17T14:05:19+05:30


There are 11 index schemes in the mid cap mutual fund category, according to Ace Mutual Fund database. These schemes are benchmarked against Nifty Midcap 150 - TRI, Nifty Midcap 50 - TRI, NIFTY Midcap150 Quality 50 - TRI, and Nifty Midcap150 Momentum 50 - TRI.
2023-01-17T11:29:46+05:30


The scheme will have two Plans: Regular and Direct. Each Plan offers growth option and income distribution cum capital withdrawal (IDCW) option. The maturity of the scheme will be December 31, 2026.
2023-01-17T10:30:03+05:30


We are optimistic on Autos, not only from a valuation perspective but from a growth perspective also. Apart from autos, banking is expected to do well as credit growth is picking up. Third sector that is a value buy is IT.
2023-01-17T10:11:41+05:30


IHCL reached a milestone of over 250 hotels and is in line with its vision of being a 300 hotel portfolio by 2025. In this financial year alone, 30 plus hotels have been added to the pipeline and 14 hotels have opened besides strong growth in ama Stays & Trails with 108 homestays and Qmin with over 25 outlets," he said.
2023-01-31T20:36:11+05:30


The Dow Jones Industrial Average rose 86.47 points, or 0.26%, at the open to 33,803.56
2023-01-31T20:27:57+05:30


Revenue from operations grew 7.4% on year to Rs 10,746.40 crore
2023-01-31T20:19:21+05:30


2023-01-31T20:18:35+05:30


2023-01-31T20:13:01+05:30


2023-01-31T19:43:51+05:30


2023-01-31T19:15:46+05:30


The earnings before interest, tax, depreciation and ammortisation (EBITDA) grew 15.2% YoY to Rs. 3004 crore. The EBITDA margin for Q3FY23 improved 30 basis points YoY to 26.7%.Global specialty drug sales were at $235 million, including US$12.5 million milestone received in Q3FY23. Ex-milestone, the specialty sales were up 21.6% YoY in Q3FY23.
2023-01-31T18:50:48+05:30


This is the fifth consecutive quarter of good performance, and we expect to maintain the growth momentum in the coming quarters as well," Blue Star Ltd Vice Chairman & Managing Director Vir S Advani said.Revenue from the electro-mechanical projects and commercial air conditioning systems segment grew by 20.51 per cent to Rs 1,000.09 crore in the third quarter of FY23 compared to Rs 829.85 crore in FY22, the company said.
2023-01-31T18:43:34+05:30


2023-01-31T18:22:47+05:30


Revenue from operations increased 24% to Rs 35,169 crore in the quarter against Rs 28,433 crore in the corresponding quarter of last year
2023-01-31T18:10:54+05:30


The Indian hotel industry benefited from a steady rise in domestic and international travel, as pandemic restrictions were lifted, while more people began opting for the so-called 'workations' and 'staycations'.Strong demand in the quarter drove occupancy to over 70% in both leisure and business hotels in key domestic markets, up 27% from pre-COVID levels, the operator of Taj hotels said in a statement.
2023-01-31T17:58:42+05:30


FMCG firm Britannia is among a number of domestic companies that will announce December quarter results on Wednesday.>> For more such web stories click on the ET icon below
2023-01-31T17:32:35+05:30


In the Nifty pack, 23 stocks closed in the green, while 26 stocks ended in the red.
2023-01-31T17:28:24+05:30


The Nifty Pharma index closed 0.99 per cent down at 12360.25.
2023-01-31T17:23:12+05:30


The Nifty Auto index closed 1.89 per cent up at 13323.9.
2023-01-31T17:12:55+05:30


>> For more such web stories click on the ET icon below
2023-01-31T17:12:17+05:30


​Vodafone Idea is ATC's largest customer in India. Following the announcement, the stock closed 5.15% higher at Rs 7.15 apiece on NSE.
2023-01-31T17:11:22+05:30


The Nifty Realty index closed 1.12 per cent up at 411.55.
2023-01-31T17:07:43+05:30


Bajaj Finance, TCS, Tech Mahindra, Britannia and Sun Pharma were among the top losers on NSE in today's trade.
2023-01-31T17:02:31+05:30


“We will wait and see what the priorities of the government are this year during the Budget. Fiscal deficit containment is what the government appears to be leaning towards. How strongly would depend on whether that impinges on the overall spending or not is what we will be looking for.”
2023-01-31T17:02:28+05:30


The Nifty Bank index closed 0.66 per cent up at 40655.05.
2023-01-31T16:57:14+05:30


The Nifty IT index closed 1.18 per cent down at 29740.35.
2023-01-31T16:52:01+05:30


The index is heading towards the level of 17,800, which holds the key for further course of action from a short-term perspective. If the index manages to surpass 17,800, it will be poised for a larger up move. Till then a consolidation in the range of 17,400-17,800 is possible.
2023-01-31T16:51:55+05:30


Kamath, also known to regularly share educational content and stock market learnings on Twitter and other social media platforms, said people forget that trading costs are charged as a percentage of every trade and can compound very quickly.
2023-01-31T16:47:13+05:30


The 30-share BSE Sensex closed up 49.49 points at 59549.9
2023-01-31T16:41:45+05:30


"Market participants are also expecting a 25 basis points rate hike (by US Fed) this year. However, comments from Governor Jerome Powell regarding inflation and growth of economy will be important to watch.
2023-01-31T16:41:09+05:30


The 30-share BSE Sensex closed up 49.49 points at 59549.9
2023-01-31T16:36:33+05:30


Manaksia Ltd, Automotive Axle, IIFL Finance, Axita Cotton and KPIT Tech, hit their fresh 52-week highs during the day.
2023-01-31T16:31:21+05:30


2023-01-31T16:27:26+05:30


The 30-share BSE Sensex closed up 49.49 points at 59549.9
2023-01-31T16:21:04+05:30


The 30-share BSE Sensex closed up 49.49 points at 59549.9
2023-01-31T16:15:52+05:30


The NSE Nifty index closed 13.2 points up at 17662.15
2023-01-31T16:10:39+05:30


"These may be exacerbated by plateauing export growth on account of slackening global demand. Should the current account deficit widen further, the currency may come under depreciation pressure," said the key document released a day before presentation of Union Budget 2023-24.
2023-01-31T16:10:03+05:30


The 30-share BSE Sensex closed up 49.49 points at 59549.9
2023-01-31T16:05:26+05:30


The NSE Nifty index closed 13.2 points up at 17662.15
2023-01-31T16:00:13+05:30


While investors widely expect the Fed to raise rates by another 25 basis points at the end of its monetary policy meeting on Feb. 1, markets are also looking for signals that the central bank is pulling back on its hawkish monetary policy amid signs of falling inflation and softness in the economy.
2023-01-31T15:59:04+05:30


2023-01-31T15:58:19+05:30


2023-01-31T15:56:11+05:30


From the Sensex pack, SBI, M&M, UltraTech Cement and Power Grid Corp were the top gainers
2023-01-31T15:49:40+05:30


“Growth remains convincing as far as the business of the company is concerned. On the group side, most of the stocks are generating significantly large amounts of cash at the group level. We are probably talking about a billion dollars’ worth of EBITDA in a year. When infrastructure assets start producing cash, they produce long term visibility of earnings for the company.”
2023-01-31T15:49:23+05:30


The bonds had sold off following a scathing report by a U.S. short-seller last Wednesday that triggered a rout in the conglomerate's listed firms.U.S. dollar-denominated bonds issued by Adani Green Energy, Adani Ports and Special Economic Zone, Adani Transmission and Adani Electricity Mumbai were trading higher on the day.
2023-01-31T15:41:37+05:30


"Tax revenues have stagnated at around 7% of GDP over the last decade or 10-12 years. Even the share of non-tax revenues has been dropping over time. It is now just about one odd percent and therefore, to me, the big challenge this year is going to be with a stagnating top line or the revenue item. How do you meet the said demands when it comes to reprioritise expenditure?"
2023-01-31T15:31:42+05:30


A rout in shares of Adani conglomerate has cost India its spot among the world’s 5 biggest equity markets. >> For more such web stories click on the ET icon below
2023-01-31T15:27:02+05:30


Revenue from operations increased 21% on-year to Rs 13,679 crore, higher than the estimated Rs 13,076 crore
2023-01-31T15:24:00+05:30


Companies announce stock split to increase the liquidity of the stock in the market. Investors who are holding the stock until the record date will receive the new shares in demat accounts and the stock price will be adjusted according to the split ratio.
2023-01-31T15:05:38+05:30


Defence sector, as every year before the Budget has a wishlist, out of which the important one is the outlay for emphasis on indigenisation, which means an emphasis on local production. This year we expect them to announce a significant budget for the space and research, electronic equipment and advancement on further localization," Ashwin Patil, Senior Research Analyst at LKP Securities, said.
2023-01-31T14:53:37+05:30


Along with the FY24 Budget, the government will announce revised Budget estimates for FY23, which will include capital expenditure, planned expenditure, unplanned expenditure, fiscal deficit, GDP estimate, market borrowing, among others.
2023-01-31T14:46:30+05:30


So, over the short to medium term, the Indian rupee is about to follow its own financial alphabetical order. For now, let’s keep the first alphabet A aside, and check out the next in the orders.
2023-01-31T14:41:01+05:30


Along with promoting investments, even domestic consumption needs to be supported as rural demand has been lacklustre due to rising prices and limited non-farm opportunities for quite some time.
2023-01-31T14:31:59+05:30


2023-01-31T15:56:11+05:30


Such rights allow an employee to receive a bonus equivalent to the rise in the company's stock price over a certain period - something Indian regulations prohibit for companies going public.
2023-01-31T13:20:50+05:30


Balaji Solutions' revenue from operations stood at Rs 482 crore in FY22, falling marginally due to normalisation post-easing of Covid-19 lockdown restrictions, while profit for the same period came in at Rs 15 crore.
2023-01-31T13:19:09+05:30


The company may consider a pre-IPO placement aggregating up to Rs 24 crore. If such placement is completed, the fresh issue size will be reduced. Proceeds from its fresh issuance worth Rs 86.60 crore will be utilized for funding incremental working capital requirements of the company, and general corporate purposes.
2023-01-31T11:59:52+05:30


Additionally, AEL is close to receiving further investment commitments of $1-1.1 billion (around ₹8,100-9,000 crore) from investors in Middle East and Southeast Asia with the announcement expected on Tuesday when the FPO closes, said a person directly aware of the matter.
2023-01-31T06:55:39+05:30


Incorporated in 2018, FirstMeridian provides a wide range of service offerings, including general staffing and allied services, by offering solutions for contract staffing, workforce automation, trade marketing, and global technology through short and long-term technology contract staffing
2023-01-30T17:52:18+05:30


IHC will make the investment through its subsidiary Green Transmission Investment Holding RSC Limited.
2023-01-30T17:00:43+05:30


2023-01-28T22:37:34+05:30


According to the offer documents, the company proposes to use '4,165 crore of the issue proceeds to repay the debt owed by the company and three subsidiaries - Adani Airport Holdings, Adani Road Transport and Mundra Solar.
2023-01-28T09:07:29+05:30


2023-01-25T13:17:20+05:30


The basis of allotment of FPO would be finalised by 3 February and shares would be credited to successful applicants' demat accounts by 7 February. The new equity shares would be available for trading the next day on 8 February.
2023-01-25T11:58:15+05:30


The capital markets regulator said it returned PayMate's offer document back to its merchant bankers on January 17. PayMate said in a press release it aims to submit the mandatory system audit report (SAR) to the Reserve Bank of India by the second week of February. Submission of SAR to the central bank is part of the standard operating protocol to receive final approval from the central bank as payment aggregator, it said.
2023-01-25T06:28:10+05:30


The Goldman Sachs- and Equity International-backed company had filed a DRHP with the markets regulator in 2019 to raise about Rs 1,900 crore through an initial public offering of shares, but the plan was shelved due to the pandemic.
2023-01-24T10:42:23+05:30


The company plans to use the proceeds from the fresh issue to repay outstanding loans availed by it and its subsidiary Avalon Technology and Services Pvt Ltd, and also to meet working capital requirements
2023-01-23T19:36:31+05:30


RIL is currently in a mini-capex cycle across petrochem, telecom (Jio) and new energy businesses, bringing the focus back on the company's capex and rising debt. "While RIL does not give a capex guidance, we expect overall spending levels to moderate as spectrum acquisition is behind us and large immediate spending in the new energy business is unlikely," the brokerage said.
2023-01-23T13:27:38+05:30


2023-01-21T18:42:18+05:30


Adani Group has consistently aligned itself to support Prime Minister Narendra Modi’s agenda. It has pledged more than $70 billion to help India pivot from being a fossil fuel importer to a generator of renewable energy.
2023-01-21T17:07:15+05:30


According to the draft papers, the public issue with a face value of Rs 5 per equity share consists of a complete fresh issue of shares of Rs 750 crore with no offer-for-sale component.Of the proceeds from its fresh issuance, Rs 400 crore will be utilised for prepayment/repayment of all or a portion of outstanding borrowings availed by the company, and Rs 200 crore will be used to fund working capital requirements and general corporate purposes.
2023-01-19T19:05:13+05:30


The company will offer partly paid shares to retail investors at a discount of ₹64 apiece to the issue price. Investors must pay 50% of the offer price at the time of placing bids in the FPO, and the remaining 50% on one or more subsequent calls, as decided by the board.
2023-01-19T06:54:18+05:30


Secondary share sale to offer exit to legacy fin investors, growth equity for expansions.
2023-01-19T06:00:00+05:30


The company had filed its draft red herring prospectus (DRHP) for the IPO with Sebi in September 2021 and is aiming to raise Rs 8,430 crore. Oyo’s last submission to Sebi was the updated financial results of the first half of financial year 2022-23.
2023-01-18T10:48:48+05:30


As per the draft papers, Innova Captab's proposed IPO comprises fresh issuance of equity shares worth Rs 400 crore and an offer for sale (OFS) of 96 lakh equity shares by promoters and other shareholders.
2023-01-17T20:22:56+05:30


The OFS consists of sale of 1.25 crore equity shares by Hari Om Rai, up to 31.35 lakh shares by Shailendra Nath Rai, up to 78.38 lakh shares each by Sunil Bhalla and Vishal Sehgal, up to 1.13 crore shares by Unic Memory Technology and up to 9.75 lakh shares by Tupperware Kitchenware.
2023-01-17T19:55:27+05:30


Innova Captab is an integrated pharmaceutical company in India with a presence across the value of the pharmaceutical chain including research and development, manufacturing, drug distribution and marketing, and exports. The company filed preliminary IPO papers with Sebi on July 07, 2022.
2023-01-17T17:18:33+05:30


2023-01-17T10:06:01+05:30


The FPO could result in the stakes of promoters led by Gautam Adani falling by 3.5%. As of September 2022, the promoters owned 72.63% of Adani Enterprises, while the remaining 27.37% was with public shareholders. Life Insurance Corporation held 4.03% among the public shareholders, while Nomura Singapore, APMS Investment Fund, Elara India Opportunities Fund, and Lts Investment Fund owned stakes between 1% and 2%.
2023-01-17T06:45:25+05:30


In the past six months, 27 companies with IPO plans worth ₹38,000 crore have allowed their regulatory approvals to lapse, according to Prime Database numbers. Similarly, the permissions to another nine firms planning to raise a total of ₹15,000 crore are set to expire over the next two months.
2023-01-16T06:34:27+05:30


The company, ICICI Securities and JM Financial, did not respond to ET's queries. In 2018, Oman India Joint Investment Fund invested $24 million or ₹170 crore in the company for a 26% stake.
2023-01-13T06:22:54+05:30


Cyient DLM focuses on highly complex, low-volume electronics manufacturing for safety-critical segments. The company had last year appointed Anthony Montalbano as its CEO.
2023-01-10T11:00:22+05:30


Adani Enterprises late November announced the initiation of a much-awaited follow-on public offer (FPO) to raise as much as ₹20,000 crore ($2.5 billion) from retail and institutional investors, riding piggyback on the meteoric 18-fold jump in its stock prices in the last five years. This will be the largest such issuance in India to date.
2023-01-10T06:35:27+05:30


For a developing country such as India, Small and medium enterprises (SMEs) are the wheels that turn the economy, and SMEs contribute to one-third of India's GDP. The SMEs have played an essential role in India's socio-economic development and in globally developed countries such as Germany. In fact, SMEs generate 54.4% of overall value added in Germany and 63.7% of overall employment in the German non-financial business economy.
2023-01-08T11:59:34+05:30


Proceeds from the fresh issue will be used for investment in its material subsidiary BDJ Oxides. It will use Rs 45 crore in repayment of borrowings availed by its arm, Rs 5.31 crore will be used for setting up a Research & Development centre, Rs 65 crore will be used to fund the long-term working capital requirements of its material arm.
2023-01-06T17:07:32+05:30


He said setting right expectations, being transparent and not overselling are great ways to reduce the volatility of the stock price pre and post-IPO. "Doing this well can make shareholders feel like owners & help reduce customer acquisition costs, the biggest cost for B2C businesses."
2023-01-05T14:00:23+05:30


Shares of the cash logistics player closed at ₹106.50, a 13% premium to the issue price. This is the first IPO to close above the offer price on listing day in the past six issues.
2023-01-05T06:24:44+05:30


The quota for retailers was subscribed 39.78 times whereas the portion for non-institutional investors fetched 33.94 times bids, and the allocation for qualified institutional bidders was booked 2.40 times.
2023-01-04T13:53:16+05:30


The company had filed its Draft Red Herring Prospectus (DRHP) with Sebi in September 2021 and is aiming to raise Rs 8,430 crore
2023-01-03T16:17:23+05:30


The company is selling its shares in the range of Rs 61-65 apiece between December 30 and January 4, in a lot size of 230 equity shares
2023-01-03T13:56:50+05:30


Pranav Haldea, Managing Director, PRIME Database, said the momentum seen in the last 2 months of 2022 is likely to continue, at least for the smaller-sized IPOs. However, it may be a while before we see larger-sized deals, especially in light of the lack of sustained interest from FPIs, he said.
2023-01-03T13:53:28+05:30


Overall, 40 Indian corporates raised Rs 59,412 crore through main board IPOs in calendar year 2022, half of the Rs 1,18,723 crore (all-time high) mobilized by 63 IPOs in 2021, according to the database. According to Pranav Haldea, Managing Director, PRIME Database Group, Rs 20,557 crore or a huge 35% of the amount raised in 2022 was by LIC alone.
2023-01-03T13:49:18+05:30


In the past two years, several large FMCG companies, such as HUL, ITC, Marico, Emami, Reckitt, Wipro Consumer and Colgate Palmolive, have picked up stakes in DTC digital-led startups that garnered popularity among consumers during the Covid-19 pandemic.
2023-01-03T06:17:35+05:30


Going by the draft papers, the firm may explore a pre-IPO placement aggregating to Rs 15 crore. If such a placement is undertaken, the size of the fresh issue will be reduced.Proceeds from the issue worth Rs 59.50 crore will be utilised towards financing the expansion of its manufacturing facility in Nashik and for general corporate purposes.
2023-01-02T16:23:01+05:30


Reliance Securities said while the company has a quality product mix, strong customer base across geographies and industries, good financials and a wide product portfolio, the issue seems pricey based on the current financials.
2023-01-02T15:56:52+05:30


Oyo has been asked to update information such as updated risk factors, key performance indicators (KPIs), outstanding litigations and basis for valuation, the people cited above said.
2022-12-31T17:49:43+05:30


Incorporated in the year 1992, Sah Polymers is a leading PP woven bags manufacturer and exporter of PP woven bags and HDPE box bags, flexible intermediate bulk containers (FIBCs), and BOPP laminated bags.
2022-12-30T11:30:50+05:30


The stock closed at ₹364 apiece on the BSE, down 0.55% from its IPO price of ₹366. The stock touched a high of ₹372.40 and a low of ₹351.10 during Thursday's trading. Analysts are advising short-term investors, who bet on KFin Tech's public issue, to book profits and re-enter after a clear trend emerges.
2022-12-30T06:10:43+05:30


2022-12-29T18:19:30+05:30


The OFS will see the sale of shares to the tune of Rs 544.41 crore by Vijaykumar Raghunandanprasad Agrawal, Rs 212.41 crore by Nimai Vijay Agrawal and Rs 43.18 crore by Prabha Vijay Agarwal.Going by the draft papers, the company may explore a pre-IPO placement. If such a placement is undertaken, the size of the fresh issue will be reduced.
2022-12-29T17:29:26+05:30


The grey market data available for the stock for the past 14 sessions indicates a weak-to-modest listing for the stock. The stock has been trading at a discount for the past three sessions.For the last 14 sessions, the grey market premium or GMP for Elin Electronics has moved from a high of Rs 48 on 20 December to a discount of Rs 8 on 26 December. For the last three consecutive days, the GMP has been in the negative zone.
2022-12-29T13:48:00+05:30


However, on the positive side, some stocks are trading well above their issue price. Stocks such as Venus Pipes & Tubes and Adani Wilmar turned out to be multi-baggers, surging anywhere between 100% and 150% in 2022.
2022-12-29T13:23:22+05:30


As per market observers, the GMP for Sah Polymers was Rs 6 as of December 28, 2022. It has remained positive in the last three sessions. However, the buzz around the stock has been mixed among retail investors, but many brokers have recommendations on the IPO. The company's shares are expected to list on BSE and NSE on January 12, 2023.
2022-12-29T13:14:37+05:30

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