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​PPFAS Mutual Fund completed 10 years in May. In an interview Neil Parikh shared his plans for the fund house.
2023-06-02T14:58:37+05:30


Gold prices started May on a high with the background of pain in the US banking sector leading to global risk aversion, the report said. The Fed policy at the start of the month where the Fed chair hinted at flexibility and a meeting-by-meeting approach was considered dovish by markets. This also supported the prices.
2023-06-02T11:58:59+05:30


"Smallcap valuations are attractive compared with larger peers. Smallcap Index is trading at a discount to largecap index. It was trading at a premium to the largecap index during the euphoria of 2007 and 2017. People who invested in smallcap stocks back then suffered losses or accrued sub-par returns. The current valuations of small-caps seem reasonable," says Sahil Shah of Edelweiss MF.
2023-06-02T09:49:47+05:30


​In about 20 years, these six states have reached where India was yesterday. Now, if all of us continue to work in similar fashion for next 20 years, these six states will create today's five India.
2023-06-02T08:00:00+05:30


Wealth managers believe the Nifty Next 50 represents the next rung of liquid securities after the Nifty 50 and recommend an allocation to this index for equity investors. The Nifty Next 50 trades at a one-year forward price-earnings ratio of 28, compared with its five-year average of 28.93, making valuations reasonable.
2023-06-02T07:56:48+05:30


The markets regulator, in its consultation paper issued last month, proposed that AMCs should put in place robust surveillance systems and internal control procedures, to deter possible misconduct by employees or other entities which may have information relating to fund management or investments of mutual fund schemes.
2023-06-01T16:09:19+05:30


Sebi had placed a consultation paper on the review of the total expense ratio (TER) charged by AMCS to unitholders of fund schemes on May 18 and sought comments till June 1 on the proposal.
2023-06-01T16:03:09+05:30


If you have any mutual fund queries, message us on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2023-06-01T12:13:17+05:30


2023-06-01T11:27:57+05:30


This policy decision should not have any material impact on the bond market though there could be minor fluctuation in yields depending on policy stance and language.
2023-06-01T09:05:10+05:30


​These schemes have high risk. But they also have potential to offer higher returns.
2023-05-31T14:08:06+05:30


​So, one problem is in a way out of the way and alongside which we have also seen actually interest rates presumably going into a bit of a pause mode as far as we can understand and which is again a little better than our expectations because that was supposed to come about more in the second half of the year which basically means that PE multiple decline from year essentially is arrested and that problem at one level is out of the way.
2023-05-31T12:04:46+05:30


Out of 167 equity schemes that have completed five years in the market, 107 schemes failed to beat their respective benchmarks. These 107 schemes were from across the categories such as contra fund, ELSS, flexi cap, focused fund, large & mid cap, large cap, mid cap, small cap, and value fund.
2023-05-31T11:13:07+05:30


Wealth managers recommend investors put some money in international funds to geographically diversify their equity portfolios, hedge currency risks, and gain exposure to companies in cutting-edge technology areas that are not available in India
2023-05-31T09:13:48+05:30


The Sebi chief said mutual funds are an important vehicle to encourage investors to participate in the markets. Buch expressed confidence in the industry's potential and said its asset size could grow from the current ₹40 lakh crore to ₹100 lakh crore.
2023-05-31T05:49:18+05:30


Are you looking to invest for three years?
2023-05-30T14:10:27+05:30


A lumpsum investment made on May 24, 2020 of Rs 10,000 in these 15 small cap schemes would have grown between Rs 27,450 to Rs 43,833 in the three-year period.
2023-05-30T11:12:19+05:30


Four index funds, a fixed maturity plan, value fund, thematic fund, focused fund, an ETF, and ELSS fund are currently open for subscription in the market. Should you invest in these new fund offers to maximize the returns from your mutual fund portfolio?
2023-05-30T10:31:17+05:30


Data provided by CRISIL Market Intelligence and Analytics to ET showed that MF investments in AT-1 bonds crashed to ₹5,382 crore in April 2023, from ₹25,057 crore in January 2020.
2023-05-30T07:52:59+05:30


Benchmark indices rose to their highest level in nearly six months led by the financials, with the Sensex briefly surpassing the 63,000-mark before trimming some of its gains.
2023-05-30T05:42:07+05:30


The Securities and Exchange Board of India (SEBI) may negatively impact India's mutual fund sector with its proposal to review total expense ratio (TER) regulations, according to brokerage Nuvama. The sector's net profitability could fall by up to 27% from listing asset managers' 2024-25 net operating profits due to changes potentially increasing annual fees to include items such as securities transaction tax (STT) and brokerage.
2023-05-29T22:00:34+05:30


​New investors are confused about which mutual funds to start investing in to create wealth.​
2023-05-29T13:13:11+05:30


ITI Focused Equity Fund will be benchmarked against Nifty 500 Total Return Index. The fund will be jointly managed by Dhimant Shah and Rohan Korde.
2023-05-29T11:11:05+05:30


Siddharth Srivastava, Head - ETF Product, Mirae Asset Mutual Fund said, “Silver is widely considered to be a relatively in times of economy turmoil and a good hedge against dollar, just like gold. In addition to these factors, silver price has found support from its growing use in industrial settings, which now accounts for roughly half of the silver annual demand. These factors make silver a very compelling asset to be included in an investor’s portfolio either from a long-term point of view or for tactical allocation based on various technical indicators.”
2023-05-29T11:05:38+05:30


"Due to the recent changes in debt taxation, there could either be some change to our existing hybrid scheme or a new scheme offering may be considered given the changed environment. Our preference is not to launch too many schemes and clutter the offering," says Neil Parikh of PPFAS Mutual Fund.
2023-05-29T09:56:45+05:30


The portfolio is well diversified yet retains large positions in its top bets. The fund endured a blip in performance between 2017-2020 but came back strong in 2021 and 2022. The shift in market’s preference towards value has helped the fund recover smartly.
2023-05-29T06:30:00+05:30


"By easing the compliance burden, Sebi aims to foster the growth of passive investments in the Indian mutual fund industry," Sebi whole-time member Ananta Barua said while speaking at the mutual fund summit organised by industry body Assocham in the national capital.
2023-05-27T08:43:47+05:30


​Parag Parikh Flexi Cap Fund completes 10 years of existence next week. The scheme was launched in May 2013. The scheme has offered 18.26% returns since inception.
2023-05-26T13:19:44+05:30


Market experts have been asking investors to tone down their expectations from equity investments. However, if you look at the performance chart, you will be pleasantly surprised that your equity funds offered double-digit returns in one year.
2023-05-26T11:53:31+05:30


The performance of the scheme will be benchmarked against the NIFTY 200 Momentum 30 Index (Total Return Index). The scheme will be managed by Devender Singhal, Satish Dondapati, and Abhishek Bisen.
2023-05-25T14:53:43+05:30


​But my own belief is as interest rates start coming down the next year and supported by good growth coming in, probably we should see some kind of premium valuation starts coming in, which probably should see it coming in next year.
2023-05-25T11:39:04+05:30


Kotak Nifty PSU Bank ETF and Nippon India ETF Nifty PSU Bank BeES offered 67.09% and 67.08% returns respectively in a year. NIFTY PSU BANK - TRI, the benchmark for these two schemes, offered 68.19% in the one-year horizon.
2023-05-25T11:04:32+05:30


A Dynamic Bond Fund or any other debt fund which invests in long-term debt instruments is highly sensitive to interest rate movements. Thus, in a short period of time, returns could be highly volatile and can even be negative. However, over a longer time frame of over 2-3 years period, returns tend to normalise along with the interest rate cycles.
2023-05-25T10:25:01+05:30


From an investment point of view, due to its lower correlation with equities and gold-like behaviour when it comes to robustness during times of economic turmoil, silver becomes a very compelling asset to be included in an investor portfolio.
2023-05-25T09:37:27+05:30


I think a lot of it has to do to my mind with two or three things. One is your external account situation obviously has gone through a sea change because energy prices are down, service exports have done well. The dollar itself has weakened.
2023-05-24T12:14:35+05:30


“The size of Parag Parikh Flexi Cap Fund has surely grown over the last decade. This has prompted some to wonder whether we should close for fresh investments. We are not considering this for now,” Thakkar said.
2023-05-24T11:39:20+05:30


Three index funds, two thematic funds, a fixed maturity plan, value fund, and an ELSS fund are open for subscription in the market. Should you invest in these new fund offers to maximize the returns from your mutual fund portfolio?
2023-05-24T10:12:59+05:30


In addition to ETF, in the index funds too, HNIs have witnessed an AUM CAGR of 145 per cent over the past four years. Apart from HNIs, retail AUM in ETFs has posted a CAGR of 56 per cent over FY19-23 to Rs 9,700 crore in FY23.
2023-05-24T09:36:27+05:30


While past returns are an important parameter to consider performance, they must not be looked at in isolation. The data that a large cap fund returned 20% in the last one year does not indicate much. It must be compared with its benchmark and other schemes in the large cap space.
2023-05-24T08:34:56+05:30


I am sure looking at all angles from this thing, from the investor point of view, from the industry point of view, from the intermediary point of view and more than anything else keeping in view the growth of the industry, I think the final whatever will come will be for the benefit of everybody.
2023-05-23T16:00:00+05:30


The performance of the scheme will be benchmarked against S&P BSE Housing TRI. The scheme will be managed by Sharwan Kumar Goyal and Ayush Jain.
2023-05-23T15:31:04+05:30


The performance of the scheme will be benchmarked against NIFTY50 Equal Weight TRI. The scheme will be managed by Sharwan Kumar Goyal and Ayush Jain.
2023-05-23T15:24:47+05:30


Sebi wanted to cap the Total Expense Ratio charged by mutual funds as the total costs incurred by investors were way above the prescribed fee. The Sebi also proposed a performance-linked fee. Will it make a big difference to mutual fund investors?
2023-05-23T14:07:30+05:30


The RBI announced withdrawal of Rs 2,000 notes this week and have given time to deposit the notes with banks up to 30 September 2023. Also, a withdrawal of Rs 20,000 per person per day of notes in exchange is allowed.
2023-05-23T09:53:39+05:30


10-year bond yields are expected to start rallying due to inflation and weakening macroeconomic data. Rate cuts are expected to be built in over the next six months, and from RBI's perspective, around 50 bps of rate cuts are anticipated in the next year. Interest rates are expected to move lower, causing the addition of duration to all portfolios. Long bonds will perform well initially and short-term funds when rate cuts occur. Corporate bond spreads are attractive for the three- to five-year segment.
2023-05-23T09:22:21+05:30


HDFC Defence Fund will follow a multi cap strategy and build a portfolio with a focus on growth and quality at reasonable valuations by investing across large-, mid- and small-cap stocks.
2023-05-23T08:24:38+05:30


Around 11 mid cap schemes failed to beat their respective benchmarks in one, three, and five-year horizons. Tata Mid Cap Growth Fund, one of the oldest mid cap funds, underperformed its benchmark in all three horizons.
2023-05-22T13:17:17+05:30


"Given the attractive spreads and higher interest in equities, arbitrage funds can deliver a 7% return. These returns are similar to liquid funds with better tax efficiency," said Viral Bhatt, founder of Money Mantra.
2023-05-22T09:41:02+05:30


We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.
2023-05-22T06:30:00+05:30


" Some signs of improvements are now showing. Earnings should start improving from 6-7% to 12-15% in around 6-12 months."
2023-05-22T06:30:00+05:30


Indian markets closed higher on Friday with the S&P BSE Sensex up by more than 100 points, and buying activity was noticed in metals, realty, telecom, and auto sectors. Stocks that saw significant growth include Cyient, HEG, and Graphite India. An expert cited the potential next resistances in Graphite India at Rs 418, Cyient at Rs 1900, and HEG at Rs 1600. With massive volume accumulation and significant price breakouts, these stocks have been suggested as those to watch. Though it must be noted that providing these observations are solely for educational purposes.
2023-06-04T16:27:39+05:30


Indian equities closed higher with gains of 0.25% on Friday, settling above 18,530 points, led by gains in the realty and metal pack and supported by positive global market sentiment. Auto stocks rose due to strong sales numbers for May, leading to market volatility. Analysts predict that markets will lack clear direction and remain sideways, with the Nifty finding support at levels of 18,450-18,500 and resistance at levels of 18,650 and 18,800. On Monday, US stocks closed higher on easing wage growth in May and the prospect of the Federal Reserve refraining from a rate hike.
2023-06-04T16:09:47+05:30


2023-06-04T15:30:54+05:30


IKIO Lighting has set a price band of Rs 270-285 per equity share for its upcoming IPO. The Noida-based company has reserved 50% of the offering for qualified institutional buyers, 35% for retail investors, and 15% for non-institutional investors. The IPO comprises a fresh equity issue of up to Rs 350 crore and offer for sale of up to 90 lakh shares by selling shareholders. Meanwhile, Sonalis Consumer Products is set to launch an SME IPO on June 7 with a fixed price of Rs 30 per equity share.
2023-06-04T14:44:12+05:30


The Indian Nifty has seen gains of around 7% this quarter, largely driven by financials hitting record highs, with a focus on consolidation following a sharp rally. Aamar Deo Singh, Head Advisory at Angel One, says that while it is positive to observe smaller stocks in the midcap and small-cap sectors performing well, for any significant shift to bear market, frontline stocks need to be involved, bringing depth and instilling investor confidence. In other recent news, the real estate sector has seen a remarkable 26% surge in share price over Q2 2023, reflecting renewed investor interest.
2023-06-04T14:24:55+05:30


Axis Securities has selected small-cap stocks that could be the best picks for investors' portfolios in June. The brokerage firm recommends buying Mahindra CIE Automotive, Praj Industries, CreditAccess Grameen, and PNC Infratech, among others. The firm said its May 2023 top picks outperformed both Sensex and Nifty, which gained by 2.47% and 2.60%, respectively. Axis Securities' top picks basket delivered an impressive 25% return in the last one year.
2023-06-04T14:21:41+05:30


Gold closed the week with a gain of almost 0.10% at $1,948.46. Odds on the Federal Reserve doing a 25-bps rate hike in its upcoming June meeting are rapidly changing with rates predicted to rise from 30% to 40% after the NFP report's headline figures boosted US bond yields and the dollar index, causing gold to drop. The Federal Reserve is expected to hike rates in July, but despite strong US data, gold is predicted to trade in the range of $1,920-$1,990 due to strong support at $1,930 and $1,920 and resistance at $1,965/$1,975/$1,990.
2023-06-04T13:37:39+05:30


The initial public offering (IPO) of LED lighting solution provider IKIO Lighting will open for subscription on June 6 and continue till June 8.
2023-06-04T13:23:16+05:30


ICICI Direct has suggested a moderate bearish approach in the Bank Nifty index in the lead up to the RBI monetary policy. They suggest buying a June 2023 Bank Nifty 44,000 put at 270-275 while simultaneously selling a June 8 43,600 put at 125-130. The net debit is set at 145 with a target of 255, and the time frame is till weekly expiry. The analysts predict consolidation near 44,000 will continue and expect the index to find support near 43,500 levels.
2023-06-04T13:03:35+05:30


Investing in sectors such as healthcare, electric vehicles, information technology, infrastructure and real estate, Fast-Moving Consumer Goods (FMCG), defense, specialty chemicals and green energy in the Indian stock market can yield substantial returns and minimize risks. The article highlights the growing healthcare sector, the government's support of electric vehicles, India's rapidly developing information technology industry, infrastructure and real estate, consumer goods, defense, the emerging specialty chemicals industry, and green energy. It emphasizes the importance of conducting thorough research and seeking expert advice during the investment journey.
2023-06-04T13:00:02+05:30


The Nifty50 has remained stable, while the Bank Nifty has seen negative divergence for over a week. The chart set up for the Nifty50 is better, with a target of 18,750-18,800. The Bank Nifty will remain positive while it holds at 43,500 levels, with a target of 44,500-44,800. Sharekhan by BNP Paribas expects no changes in the Monetary Policy Committee's recommendations. Financials could outperform with anticipation of rate cuts in the coming months. DLF and Sobha show potential in the realty sector, and RIL could rebound after finding support at Rs 2,300.
2023-06-04T12:23:29+05:30


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2023-06-04T12:01:18+05:30


Small-cap fund managers in India have identified three sectors with high potential returns in recent years: specialty chemicals, consumer durables, and building materials. These sectors have outperformed others due to attractive valuations, above-average growth rates, and strong demand tailwinds. More than 95% of the small-cap funds in India have allocated investments in these sectors, although more than 50% of the fund managers have reduced weights and partially booked profits in the last year. The consumer durables industry has seen significant growth due to lifestyle changes and urbanization, while the specialty chemicals industry has witnessed phenomenal growth due to increasing demand from the pharmaceutical and agrochemical industries. Building materials have been liked by small-cap fund managers due to their long-term growth prospects and direct link to the booming construction and infrastructure industry. Choosing the right sector and weightage is essential for producing alpha for fund managers.
2023-06-04T11:53:11+05:30


Foreign Portfolio Investors invested INR 43,838 crore in Indian equities in May, the highest amount in nine months, supported by the country’s strong macroeconomic fundamentals and reasonable valuations. The FPIs sustained their buying stance in June, investing a further INR 6,490 crore in just two trading sessions of the month. The inflow is set to continue, as reflected by the latest GDP data and high-frequency indicators, which indicate a robust economy improving further. India attracted greater investment than any other emerging market, with financials, automobiles, telecom and construction sectors drawing the most attention.
2023-06-04T11:29:24+05:30


Are banks more prone to interest rate cycle or is it manufacturing business which is more vulnerable to higher interest rates. Every business has its own capital requirement matrix and this is what makes them prone to risks of interest rate cycle. Of all the stocks, which our algorithms come up with, we took companies from different sectors. On the list, there is one of the biggest wealth creators from the specialty chemical space. ET screener powered by Refinitiv’s Stock Report Plus lists stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy".
2023-06-04T11:23:00+05:30


India's infrastructure focus, particularly on roadways, appears to be moving at a fast pace, with banks playing a significant role in funding infrastructure. Despite reservations, banks have issued "infrastructure bonds" at a record high, and this greater acceptance could sustain the government's drive to boost the sector. Indian bond issuance is expected to become another record high as the government looks to crowd in private capex with its record capital expenditure. While it is traditionally preferred to use specialised institutions such as insurance and pension funds who have long-term liabilities, banks lending for infrastructure remains significant.
2023-06-04T11:14:07+05:30


As Q4 GDP growth exceeds expectations, India looks to achieve a GDP growth rate of 7.2% in FY23, raising hopes that its FY24 growth will soon exceed 7%. However, the country will have to contend with the expected global slowdown which could negatively impact India's growth prospects. Corporate earnings in India have been buoyed by private consumption, service, exports, and manufacturing but the global demand slowdown may impact its revenue growth for FY24. Small and mid-cap stock prices have been buoyed by a resurgence of retail investor inflows, while broad valuations remain above long-term averages.
2023-06-04T10:48:43+05:30


2023-06-04T10:11:14+05:30


The Nifty is expected to remain rangebound with 18,600 levels acting as a strong resistance and the index likely to consolidate in the 18,500-18,600 range, according to Apurva Sheth, Head of Market Perspectives & Research at SAMCO Securities. He said a decisive close above 18,600 is required for a further uptrend. For Bank Nifty, Sheth expects it to trade sideways and recommends deploying an Iron Condor options strategy to take advantage of the movement. The oil and gas sector is struggling due to weakening demand from top oil consumer China and global economic weakness, while realty and consumer durable stocks have displayed mixed performance due to quarter-ending financials.
2023-06-04T09:49:23+05:30


Indian benchmark indices stayed in a narrow range amid US debt deal negotiations and remained flat for the week. However, the broader markets outperformed, with about 20 smallcap stocks returning 20-40% weekly. Analysts remain positive about the market and see benchmark indices hitting fresh lifetime highs. The upcoming Reserve Bank of India meeting and Federal Reserve meeting will determine the momentum of indices, with all eyes on the RBI's policy meeting from June 6-8. Additionally, the US's composite services PMI and trade data and the IPO of IKIO Lighting, among other data points, will impact the market.
2023-06-04T09:37:48+05:30


“I own a lot of companies because I believe in investing and in smallcaps in general,” Sharma, the founder of GQuant Investech, recently said in an interactive session. Sharma believes in diversification rather than a concentrated portfolio, and gradually increases exposure based on the business prospects of the company.
2023-06-03T18:00:44+05:30


Advanced technologies have revolutionized the way traders operate in financial markets. Algorithmic trading, black-box trading, relies on computer programs to execute trades based on predefined rules and algorithms. Charting tools empower traders to visualize financial data, identify patterns, and create custom indicators and trading strategies. Advanced mobile trading apps and desktop trading software facilitate real-time data access, customized alerts, and educational resources. Overall, these innovations have made trading more accessible, efficient, and profitable, enabling traders to succeed in today’s dynamic and competitive markets.
2023-06-03T17:14:36+05:30


Gold prices are set for their best weekly increase in two months as the dollar slides and US Treasury prices rise due to economic data uncertainty and mixed comments from Federal Reserve officials. While the recent debt ceiling deal has prompted market rallies and equities growth, it has also raised concerns over whether limited governmental spending could increase the odds of a recession, thus keeping gold prices buoyed. US non-farm payroll data will be imperative.
2023-06-03T17:11:24+05:30


2023-06-03T16:26:12+05:30


Foreign investors have increased inflows into Indian stocks to a nine-month high in May. They purchased a net $5bn of the country’s shares last month, the most since August, according to Bloomberg. The purchases continued for 24 consecutive days, the longest string since August last year. The surge in investment has propelled Indian equities to the top of emerging Asia's leaderboard.
2023-06-03T15:56:14+05:30


A number of widely tracked companies have declared dividends with their March quarter results
2023-06-03T15:16:44+05:30


Nilesh Shah of Kotak AMC has advised people not to try to predict the market, stating that more often than not, they will be wrong. Shah also emphasised the importance of management and governance, saying that people need to begin respecting these elements more in order to limit losses and make money in the stock market. His comments come in response to predictions made by other experts, including Chris Wood, who recently suggested that the Sensex index could hit 100,000 within the next five years.
2023-06-03T15:07:15+05:30


As Sensex traded in a narrow range last week, 20 smallcap stocks have given over 20% returns. The S&P BSE Smallcap index surpassed the benchmark with a 2.4% gain. Nucleus Software Exports reported its best-ever revenue of Indian rupees (INR) 635 crore for FY23 which led it to achieve a whopping 41% increase last week, while Force Motors and Brightcom Group followed with over 37% and 27% gains respectively. Money managers are bullish on the broader market and expect the uptrend to continue in the small-cap stocks despite possible consolidation in benchmark indices.
2023-06-03T14:22:21+05:30


Chemicals company Alkyl Amines Chemicals has seen its shares increase 7,500% over the past decade, with a 366% rise in the past three years alone. The company, which has a market cap of about INR124.8bn ($1.68bn) manufactures amines and amine-based chemicals, used in pharmaceutical, agrochemical, rubber chemical and water treatment industries. Its shares currently have a price-to-earnings ratio of 55. However, technical analysts suggest the shares are currently underperforming, are indicating a downtrend, and advise refraining from fresh buying positions and setting a stop loss at INR2,260.
2023-06-03T12:31:33+05:30


2023-06-03T11:53:52+05:30


Emotional intelligence (EI) will be the only differentiator between success and failure in the changing landscape driven by artificial intelligence (AI), according to Vivek Bajaj, co-founder of StockEdge. Bajaj spoke about the importance of mental fitness and how staying calm helped him throughout his career.
2023-06-03T11:50:48+05:30


India Inc's Q4 FY23 earnings season has concluded with financials and automobiles being the star performers. Cleaned balance sheets, improved asset quality of banks, declining non-performing assets, margin improvements, and steady slippages have helped the growth of the banks while healthy volume growth, softening commodity prices, favorable product mix, price hikes, and better operating leverage have helped the automobiles
2023-06-03T11:10:56+05:30


Bond traders have increased expectations of another Federal Reserve interest-rate hike taking place in July, leading to an increase in tightening reflected in interest rate swaps linked to the Fed's June and July meetings. Data showing stronger-than-expected payroll growth for May led to a quarter-point hike within the next two meetings being fully priced in at one point. Additionally, investors have reduced their bets on how much subsequent policy easing they expect toward the end of the year in response to anticipated peak of the tightening cycle.
2023-06-03T10:19:12+05:30


Similar to how insurance companies make money despite the risk of payouts, option sellers rely on probabilities of gains. Option sellers may only lose money if the option turns against them, and they can make gains in other scenarios such as when the market goes up or even stays flat. Overall, option writing has become a popular strategy for big traders due to its high win probability. However, combining option buying and selling may lead to even greater profitability and win rates.
2023-06-03T10:12:09+05:30


The positive momentum in the country's markets helped their case. Some big names on the list include IndusInd Bank, Hindustan Aeronautics, Titan, Ultratech, Kotak Mahindra Bank, and Indian Oil Corp. In contrast to the three consecutive months of decline beginning in January, the S&P BSE Sensex index gained approximately 2% in May 2023, helped by consistent FII buying despite mixed global cues.
2023-06-03T10:04:45+05:30


Indian stock indices saw gains with the Sensex closing up by 118.57 points at 62,547.11 and the Nifty settling at 18,534.10, amid concerns that the market may have run up too soon, with US jobs growth accelerating in May. Foreign portfolio investors (FPIs) were net sellers for the second session in a row, with overseas funds selling shares in the cash segment worth a net Rs658.88 crore while domestic institutions purchased them to the tune of Rs581.85 crore, according to provisional stock exchange data.
2023-06-03T09:34:23+05:30


SBI Life Insurance has been instructed by the Indian Insurance Regulatory and Development Authority (Irdai) to absorb the liabilities of 200,000 policies plus the assets of Sahara India Life Insurance due to SILIC's failing financial health. The three-member committee has been created to implement the order. SBI Life has already begun complying with the order, however, proper integration of policies will take time, according to a company spokesperson. SILIC was appointed an administrator by Irdai in 2017 due to issues regarding the financial propriety and governance and it has subsequently failed to match regulatory requirements.
2023-06-03T09:23:33+05:30


Gold prices fell on Friday due to higher-than-expected US jobs data which led to an increase in Treasury yields. However, gold still experienced a weekly gain due to high unemployment rates indicating that the Federal Reserve may pause interest rate hikes. Currently, traders anticipate that there is a 70% chance of the Fed leaving rates unchanged later this month. The rise in interest rates lifts Treasury yields, making gold less attractive since gold has zero-interest yield. Silver prices also fell, while platinum and palladium experienced weekly losses.
2023-06-02T21:19:41+05:30


Despite 339,000 jobs being added in May, a drop in wage growth and a higher unemployment rate are likely to keep the Federal Reserve on hold this month whilst it considers a rate hike later this summer. With the federal-funds rate in the 5% to 5.25% range following a quarter-point increase in early May, policymakers are expected to skip a rate hike this month, but continue to monitor data. US Treasuries rose by 10 basis points to 4.46% following the jobs report release; the odds of a June rate hike rose to 31%, up from 24% on the previous day.
2023-06-02T21:12:53+05:30


Maharashtra-based passive telecom infrastructure provider, Kore Digital's initial share sale opened on Friday with a price band of INR 180. This IPO is a fresh issue of up to 10 lakh equity shares of face value INR 10 each, aiming to raise around INR 18 crore. The net proceeds will be used to meet working capital requirements, investment in strategic acquisition, and other general corporate expenses. The allotment will be on June 12th and the shares will be listed on NSE Emerge on June 15th.
2023-06-02T21:08:16+05:30


The Deposit Insurance and Credit Guarantee Corp (DICGC) is suspected to have made substantial purchases at a primary debt auction on Friday, say participants in the Indian government bond market. While the national reserve bank sold 140 billion rupees of the 7.26% 2033 bond and 80 billion rupees of the 7.06% 2028 bonds, some participants suspect DICGC may have bought bonds worth between 30 billion and 50 billion rupees. A senior treasury official at a state-run bank said DICGC typically invests its May funds into the government securities market in June.
2023-06-02T21:00:49+05:30


Arch Insurance International has authorized cryptocurrency insurer Evertas to offer the highest coverage limit in the industry, setting it to $420m for security policies in the event of theft of private crypto keys held by a custodian. It follows losses of $3.7bn in 2022 and $400m in Q1 2021. Lloyd's of London coverholder Evertas is only contracted to provide insurance for custodians and has also been approved to provide policies for physical cryptocurrency mining equipment of up to $200m. Currently only 2-3% of global cryptoassets are insured.
2023-06-02T20:54:09+05:30


Technology equity funds witnessed their largest weekly inflows on record in the week to Wednesday, with AI investments attracting huge investor interest, according to BofA Global Research. The latest data showed inflows of almost $8.5bn for tech stocks, and $14.8bn overall, the most significant weekly inflow since February. Seven firms, Tesla, Apple, Microsoft, Google parent Alphabet, Nvidia, Amazon and Meta, account for nearly 9% of the S&P 500's 10% year-to-date increase. Despite the appeals of these companies, BofA analysts seemed wary, writing that interest rate hikes and tight liquidity made them bearish.
2023-06-02T20:47:57+05:30


The Indian regulator, Irdai, has directed SBI Life Insurance to take over the liabilities of approximately 200,000 policies alongside the assets of Sahara India Life Insurance with immediate effect, due to the deteriorating financial health of SILIC. The Irdai has set up a committee to ensure smooth policyholder transition. SBI Life has been asked to set up a dedicated cell to service policyholders and provide details of the takeover on its website, and will be required to ensure it complies with regulatory requirements.
2023-06-02T20:36:17+05:30


The government's offer for sale (OFS) in Coal India Ltd has been successful, with strong response from institutional and retail investors. The OFS for retail investors was fully subscribed and institutional investors were allocated shares at Rs 226 per share. The government held 66.13% stake in the world's largest coal company but announced the intention to sell 3% as part of its disinvestment plan earlier this week
2023-06-02T20:00:18+05:30


2023-06-02T19:38:08+05:30


U.S stocks closed higher on Friday after a slower wage growth report in May increased investor hopes that the Federal Reserve (Fed) would avoid further rate hikes. Also, analysts welcomed the government's passing of a bill that prevented a catastrophic default. The Nasdaq index surged to a 13-month intraday high and posted its sixth-straight week of gains that marked its best winning streak since January 2020. The tech-heavy index advanced 1.07% to 13,240.77 points for the day. Markets now await data on key consumer prices a day before the Fed's rate decision in two weeks.
2023-06-02T19:12:02+05:30


The US dollar was steady in trading following Friday's non-farm payrolls report, which showed a surge in employment alongside an increase in unemployment. The report surpassed expectations, revealing that public and private sector payrolls increased by 339,000 in May, from last month's rise of 253,000. The dollar index, which measures the US currency against six others, was last up 0.203% at 103.730. However, before the US Labor Department released the data, the greenback was heading for its largest weekly fall since mid-January.
2023-06-02T19:10:56+05:30


Gold futures were trading with minor gains on Friday due to a pullback in the dollar index. The gains came as Philadelphia Federal Reserve President Patrick Harker suggested that the central bank should not take another rate hike despite the slow rate of inflation control. Gold futures on the MCX have advanced by 0.02% in June. Meanwhile, Silver futures have gained nearly 0.97% in value terms in June. As for domestic prices, physical gold in Delhi and Ahmedabad is around INR61,000 ($814) per 10g, with silver priced at INR72,500 per kg.
2023-06-02T18:44:58+05:30


The US dollar was relatively unchanged in choppy trading after the release of May's non-farm payrolls report on Friday. Despite employment surging, so did unemployment. On a more positive note, payrolls in the public and private sector increased by 339,000 in May, smashing predictions. Before the US Labor Department released the data, the dollar was headed for its largest weekly fall since mid-January, following the view that the Federal Reserve will forgo an interest rate hike this month, which would reduce the greenback's appeal to non-US buyers.
2023-06-02T18:33:58+05:30


IKIO Lighting has set a price band of Rs 270-285 per equity share for its upcoming IPO. The Noida-based company has reserved 50% of the offering for qualified institutional buyers, 35% for retail investors, and 15% for non-institutional investors. The IPO comprises a fresh equity issue of up to Rs 350 crore and offer for sale of up to 90 lakh shares by selling shareholders. Meanwhile, Sonalis Consumer Products is set to launch an SME IPO on June 7 with a fixed price of Rs 30 per equity share.
2023-06-04T14:44:12+05:30


Maharashtra-based passive telecom infrastructure provider, Kore Digital's initial share sale opened on Friday with a price band of INR 180. This IPO is a fresh issue of up to 10 lakh equity shares of face value INR 10 each, aiming to raise around INR 18 crore. The net proceeds will be used to meet working capital requirements, investment in strategic acquisition, and other general corporate expenses. The allotment will be on June 12th and the shares will be listed on NSE Emerge on June 15th.
2023-06-02T21:08:16+05:30


Indian LED lighting solutions manufacturer IKIO Lighting is launching its initial public offering (IPO) June 6-8, with shares expected to start trading on June 16. The company's shares will likely be listed at between INR270 ($3.81) and INR285 per equity share, with the upper end of that range raising INR607 crore for the company. The IPO will include a fresh equity issue of up to INR350 crore and an offer for sale of up to 9 million shares. The proceeds will be used to repay borrowings, invest in subsidiary IKIO Solutions and for general corporate purposes.
2023-06-02T17:04:58+05:30


Investors can bid for a minimum of 52 equity shares and in multiples of 52 thereafter. Under the OFS, promoters Hardeep Singh will offload 60 lakh shares, and Surmeet Kaur will sell about 30 lakh shares.
2023-06-02T06:01:12+05:30


Indian LED lighting solutions manufacturer, IKIO Lighting, has set a price band of INR 270 to INR 285 for its initial public offering (IPO), which opens for subscription on June 6 and is available until June 8. The IPO comprises a fresh equity issue of up to INR 350 crore and an offer for sale of up to nine million shares. 50% of the offer has been reserved for qualified institutional buyers, 35% for retail investors, and 15% for non-institutional investors.
2023-06-01T13:27:29+05:30


Infollion Research's initial public offering (IPO) has been subscribed 5.68 times on Day 2, with one day remaining. The IPO includes a fresh issue of 22.24 lakh units and an offer for sale of up to Rs 3.92 lakh shares, priced between Rs 80-82. Infollion Research Services runs a marketplace catering to on-demand contingent hiring and work arrangements. The net proceeds will be used to fund expansion into the US and adding new freelancer categories. CFF Fluid control's IPO has so far been subscribed 54% on Day 1. The company's offer is a fresh issue of 52 lakh equity shares.
2023-05-30T17:30:14+05:30


CFF Fluid Control is set to launch an initial public offering, with plans to close subscriptions on June 2 and list on the BSE SME platform on June 12. The Indian company specialises in manufacturing and servicing shipboard machinery for the Indian Navy, as well as systems for clean and nuclear energy. The issue offers 52 million equity shares for sale at Rs165 ($2) apiece, with the company hoping to raise up to INR858m ($13m). The retail-to-institutional investor ratio is 50:50. The cash raised will repay loans, fund working capital requirements and pay for equipment and "general corporate purposes.
2023-05-29T16:41:49+05:30


Krishca Strapping, a manufacturers of high-tensile steel straps, seals, and tools, raised around ₹18 crore through the IPO, which was subscribed 244.92 times.
2023-05-27T07:54:08+05:30


Crayons Advertising's IPO received an overwhelming response, with subscriptions totaling INR 4,104.67 crore, or 147.61 times the offer size. The retail portion of the offering was subscribed 169.94 times, while the non-institutional category secured 231.94 times the shares on offer. The qualified institutional buyer (QIB) portion was also oversubscribed. Based on the demand, the shares of the firm are set to be listed on June 2. The company plans to use the public issue proceeds to invest in its infrastructure and deploy cutting-edge technology.
2023-05-26T17:01:06+05:30


Happy Forgings is now the largest supplier of forged and machined components to the automotive industry's commercial vehicles and tractor segments. Together, these two segments constitute 75% of its total revenues.
2023-05-26T06:11:11+05:30


The Bengaluru headquartered company has roped-in Goldman Sachs, ICICI Securities, Axis Capital, and Kotak Securities as the lead managers for its initial public offering. An email sent to an Ola Electric spokesperson remained unanswered. Goldman Sachs, Axis Capital and Kotak Securities didn’t respond to the queries, while ICICI Securities’ spokesperson declined to comment
2023-05-25T17:47:29+05:30


Infollion Research Services, a tech-oriented B2B human cloud marketplace, plans to raise up to INR 21.45 crore through its initial public offering (IPO), with a price band set at INR 80-82 per equity share. The IPO will open on May 29 and stay available till May 31. The proceeds will be used to expand services into the US and Western European regions, add new categories of freelancers and for technology development. Infollion's shares are reportedly trading at a premium of INR 44 in the unlisted market.
2023-05-25T16:13:04+05:30


Ola Electric, which makes electric scooters, is backed by investors such as SoftBank Group Corp and Tiger Global Management, and was valued at $5 billion in its last fundraise in 2022.
2023-05-25T14:18:04+05:30


The issue will be available for public subscription till May 26. The company has fixed the price band for the offer at Rs 85-90. Investors can bid for 1600 shares in 1 lot and in multiples thereof.
2023-05-24T17:52:22+05:30


The initial share sale of dental products e-commerce company Vasa Denticity had a slow start with only 7% subscription on the first day, including 14% by retail investors and 3% by non-institutional investors. The company plans to raise up to Rs 54.06 crore with a price band of Rs 121-128 per share. The IPO will remain open for public subscription until May 25. Meanwhile, Auro Impex and Chemicals Ltd listed on the NSE Emerge platform after a successful IPO that was subscribed 67 times.
2023-05-23T19:02:27+05:30


Indian software company Vinsys has closed a pre-IPO funding round valued at INR 200cr ($27m) and featuring Singapore's NAV Capital Emerging Star Fund and Swiss-based xMultiplied, among other investors. The Pune-based firm offers customised training courses for various sectors and employs over 800 certified IT professionals. Vinsys is planning to list on an SME exchange platform, and is seeking to expand into new markets, including the US and Europe. For the year ending March 2023, it posted revenues of INR 157.30 crore and a net profit of INR 16.02 crore.
2023-05-22T16:50:30+05:30


Indian advertising agency, Crayons Advertising's initial public offering (IPO) was fully subscribed on the first day, driven by retail investors. Retail investors subscribed 3.13 times of the shares on offer, and the issue received bids that were 1.59 times the number of shares on offer. The company aims to raise around INR417.9m ($5.6m) from the IPO. The company has set the price band of INR62-65 per share, with the shares expected to debut on the NSE Emerge. The funds collected will be used to invest in the company's infrastructure and advanced technology.
2023-05-22T15:08:51+05:30


The initial public offering (IPO) of state-run ECGC, India's largest export credit insurance firm, is likely to be postponed to the next financial year due to volatile export market conditions, said sources. Factors like the Russian-Ukraine war and monetary tightening by central banks may adversely affect the company's valuation if the IPO is rushed.
2023-05-21T08:16:08+05:30


The government is planning to offload up to 25% stake in IREDA. It has decided to appoint SBI Capital Markets, BoB Capital Markets and IDBI Capital Markets and Securities as merchant bankers and Saraf and Partners as legal advisor for the IPO, said the official.
2023-05-19T23:17:16+05:30


Hemant Surgical is planning to issue fresh equity shares of up to 27.6 lakh at a price band of Rs 85-90 per share. The company has reserved 35% of the issue for retail investors. The company has fixed QIB quota at 50% and NII quota at 15%. The GMP of the issue is expected to be around Rs 7. The company intends to use the net proceeds for funding capital expenditure towards installation of additional plant and machinery, meeting working capital requirements
2023-05-19T15:05:38+05:30


Vasa Denticity is a Dental Products E-Commerce company, having 10,000+ SKUs, 30 owned brands, and 300 domestic & international brand tie-ups. The company is selling its products through the online portal 'DentalKart.com' & through the mobile application 'Dentalkart'
2023-05-18T21:41:00+05:30


Nexus Select Trust is expected to list on the exchanges on May 19 and is expected to have a marginal premium of Rs 2.50 in the unlisted market. The company is offering a pre-tax yield of 8% in FY24 at the upper price band.
2023-05-18T15:41:14+05:30


Crayons Advertising plans to use the proceeds from its upcoming public offering to invest in setting up its own film and animation studios and to enhance its existing foundation of Web3 capabilities to offer more dynamic Metaverse solutions, including AR, VR and other emerging immersive tech. The public issue proceeds will be utilised for capital expenditure on infrastructure and cutting-edge technology.
2023-05-18T12:46:22+05:30


The base issue comprises up to 1.70 crore shares of the company representing 7% of the total equity, with a green shoe option of 69.88 crore shares representing 2.88% stake.
2023-05-18T06:49:56+05:30


Remus Pharmaceuticals is planning to raise Rs 47 crore through its initial share sale. The company is engaged in the business of marketing and distribution of finished formulations of pharmaceutical drugs. It also deals in APIs and provides technical consultancy services to various distributors for preparation of reports on the dossiers of the products to be registered by them in various countries. The IPO comprises an issue of 3.8 lakh equity shares of face value of Rs 10 each and the company plans to raise about Rs 47 crore from
2023-05-17T21:40:54+05:30


Crayons Advertising, a homegrown integrated advertising agency, is set to go public on Monday, May 22, with a price band of Rs 62-65 per share. The company plans to use the proceeds from the public issue to invest in setting up its own film and animation studios and enhancing its existing foundation of Web3 capabilities to offer more dynamic Metaverse solutions, including AR, VR, and other emerging immersive tech.
2023-05-17T13:26:42+05:30


Krishca Strapping Solutions has announced its Initial Public Offering (IPO), planning to raise Rs 18 crore. The manufacturing company, incorporated in 2017, specializes in making and selling high-quality steel straps, steel seals, strapping tools and other packaging solutions. The IPO's size consists of up to 33.2 lakh equity shares with a face value of Rs 10 each. The company has a steel strapping capacity of 18,000 MT annually and aims to use the net proceeds for setting up a new strapping line, repayment of debt and for other corporate purposes.
2023-05-16T21:37:03+05:30


Nexus Select Trust, India's first retail assets-led real estate investment trust (REIT), backed by Blackstone Group, has raised over INR1.44bn ($19m), accounting for 45% of a $429m IPO, from 16 institutional investors in its fully-subscribed anchor book. The REIT owns 17 assets across 14 cities with Mumbai, Bangalore and Delhi being the primary markets. At the upper end of the IPO's price band, which was INR95-100 per unit, the issue was subscribed 6.55 times in the non-institutional investor category and 5.06 times by institutional investors.
2023-05-15T16:52:54+05:30


Nexus Select Trust REIT IPO's share allotment is set to take place on May 16th, with the process being supervised by the registrar. Investors may receive shares based on a lottery basis. Investors can check their allotment status through the BSE or the registrar's website. Currently, Nexus Select Trust shares are commanding a premium of ₹2 in the unlisted market. The company aims to offer a pre-tax yield of 8% in FY24, at the upper price band, and will be India’s first REIT with rent-yielding retail real estate assets.
2023-05-15T16:06:53+05:30


Sources told ET that the total IPO size would be Rs 900 - 1,100 crore, and the company may consider a Pre IPO placement of Rs 123 crore.
2023-05-12T12:50:05+05:30


The issue received over 155,000 applications and the institutional investor portion was subscribed 5.06 times while the other investor portion witnessed 6.55 times subscription at the upper end of the price band of ₹95-100 per unit.
2023-05-12T05:50:22+05:30


Nexus Select Trust's Rs 3,200-crore Initial Public Offering (IPO) that aims to establish India's first retail assets-led Real Estate Investment Trust (REIT), has been successful, with a total subscription of 5.74 times. The REIT had raised over Rs 1,440 crore through its anchor book, which was subscribed to by 16 institutional investors. The issue received over 1.55 lakh applications, while the institutional investor portion was subscribed 5.06 times, and the investor portion witnessed 6.55 times subscription at the upper end of the price band of Rs 95-100 per unit.
2023-05-11T20:05:24+05:30


India's Rs 3,200 crore ($435m) initial public offering (IPO) of Blackstone-backed Nexus Select Trust, a real estate investment trust (REIT), was fully subscribed on the third day of bidding. The institutional investor segment was subscribed 1.32 times with other investors seeking 1.87 times. The issue is a mix of fresh-share offer and an offer for sale portion, gaining Rs 1,440 crore on the day before the issue opened from institutional investors. If the IPO touches the upperband of Rs 100, Nexus will have a market cap of Rs 15,150 crore, offering a pre-tax yield of 8% in FY24.
2023-05-11T13:06:11+05:30


The ports business of the Sajjan Jindal-led JSW Group plans to deploy the proceeds of the public issue to retire its debt and fund capacity expansion projects. The IPO is entirely a fresh share issue.
2023-05-11T05:57:54+05:30


Nexus Select Trust, the first Real Estate Investment Trust (REIT) backed by rent-yielding retail real estate assets, has been subscribed 57% on the second day of the Rs3,200 crore ($434m) Initial Public Offering (IPO), according to an update. The non-institutional investors' category has been fully subscribed while the qualified institutional buyer’s share was subscribed 17%. Blackstone sponsors the REIT, which has a portfolio of 17 operational shopping malls, two hotels and office spaces across 14 cities in India including New Delhi's Select City Walk. The issue runs until 11 May.
2023-05-10T19:52:08+05:30


The JSW Infrastructure IPO is the third public listing by the JSW Group and follows 13 years after the public listing of JSW Energy in January 2010. JSW Infrastructure Promoters will not be diluting their current stake.
2023-05-10T10:38:41+05:30


At Tuesday's closing price, Mankind Pharma was valued at a price-to-earnings ratio of 43 times its FY22 earnings. Mankind is now India's fifth largest pharma company by market value of ₹57,046 crore. Sun Pharma, Divi's Lab, Dr. Reddy's Lab, and Cipla are currently valued between ₹75,284 crore and ₹2.31 lakh crore.
2023-05-10T05:39:11+05:30


Nexus Select Trust real estate investment trust (REIT), which includes a fresh offering and OFS portion, was subscribed 28% on the first day of the IPO. The REIT has a price band of Rs 95-100 per unit and closed on May 11. A day ahead of the IPO, Nexus raised Rs 1,440 crore from anchor investors. At the upper band of Rs 100 per unit, the company has a market cap of Rs 15,150 crore and offers a pre-tax yield of 8% in FY24. It is the largest mall platform in India and includes 17 high-quality assets.
2023-05-09T20:45:45+05:30


Nexus Select Trust plans to raise Rs 3,200 crore through an 3-day IPO opening on 9 May. The firm is the owner of India's largest mall platform consisting of 17 assets. The trust will become India's first REIT with rent-yielding retail estate assets, with the IPO comprising a fresh offering and OFS portion worth up to Rs 1,800 crore.
2023-05-09T09:42:03+05:30


Mankind Pharma is set to list on May 9 with a premium of Rs 120 apiece according to grey market trends. The company is valued at a price-to-earnings ratio of 30 times FY22 earnings and has a market capitalisation of Rs 44,000 crore. The initial share sale of the company was subscribed 15.32 times with strong interest from QIBs and is the largest IPO so far this year. The company has 25 manufacturing facilities across India, a dedicated in-house R&D centre and a team of over 600 scientists.
2023-05-08T15:48:39+05:30


Cainiao Network Technology's initial public offering (IPO) plan comes after Alibaba flagged in late March it would split its business into six units and that most of them would explore capital raisings or market debuts to help fund future growth.
2023-05-08T09:27:58+05:30


RR Kabel proposes to utilise the net proceeds towards the funding of repayment or prepayment, in full or in part, of borrowings availed by the Company from banks and financial institutions estimated to be Rs 170 crores.
2023-05-07T13:19:34+05:30


The government wants Vedanta to list Balco (formerly Bharat Aluminium Co) so that it can offload a part of its stake through the initial public offer (IPO) route before exiting the company fully in due course, said the persons cited above.
2023-05-06T07:19:13+05:30


2023-05-03T16:57:28+05:30


India's first retail asset offering, Nexus Select Trust, will launch its IPO on May 9, closing on May 11, with a price band for its initial shares of between INR 95-100 ($1.28-$1.35). The company, which has 17 high-quality mall assets in 14 cities across India with a total leasable area of 9.2 million sq ft, is the country's largest mall platform. The IPO comprises a fresh issue of shares worth INR 1,400 crore and a sale of existing shares of up to INR 1,800 crore.
2023-05-03T15:45:40+05:30


Nexus Select Trust is India’s largest mall platform of 17 high-quality assets, strategically located in dense residential catchments across 14 prominent cities such as Delhi (Select Citywalk), Navi Mumbai (Nexus Seawoods), Bengaluru (Nexus Koramangala), Chandigarh (Nexus Elante), Ahmedabad (Nexus Ahmedabad One) among others.​
2023-05-03T09:08:19+05:30


Tata Play and drone maker ideaForge Technology have both received regulatory approval from the Securities and Exchange Board of India (Sebi) to raise funds through initial public offerings (IPOs). Tata Play was the first company in India to use the confidential pre-filing of draft papers option for an initial share sale in December 2022, and obtained the regulator's observation letter on April 26.
2023-05-03T08:01:23+05:30


The public issue comprises a fresh issue of Rs 300 crore and an offer for the sale of 48.69 lakh equity shares. The offer also includes a reservation for a subscription by eligible employees.
2023-05-02T20:32:35+05:30


The IPO comprises fresh issues of up to Rs 625 crore and an offer for sale (OFS) aggregating up to 1.7 crore equity shares by promoter and investor selling shareholders.
2023-05-02T19:40:32+05:30


The company filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) on February 16.
2023-05-02T19:31:05+05:30

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