Backed Financial News

IPO subscription status : Ashish Kacholia backed Aeroflex Industries Limited IPO was subscribed 21.10 times on day 2. Aeroflex Industries IPO opened for subscription on Tuesday, August 22 and will close on Thursday, August 24. Aeroflex Industries IPO again received overwhelming response from non-institutional investors (NIIS) and retail investors on day 2.

The funds aim to maintain a net asset value of $/€/£ 1 per share while any excess earnings generated through interest on the portfolio holdings will be distributed to investors via dividends.

On August 9, 2023, Maple Finance announced the opening of its Cash Management Solution to U.S. domiciled Accredited Investors and Entities, operating with a Reg D exemption. This development allows these investors to access a conservative yield backed by U.S. Treasury bills on-chain.

In the dynamic landscape of blockchain and decentralized technologies, ambitious projects often strive to redefine norms and reshape industries. However, the journey is rarely without its challenges. 

IPO Subscription Status: The initial public offering (IPO) of Ashish Kacholia-backed company Aeroflex Industries Ltd opened for public subscription today, August 22. The public issue, which will remain open for bidding till August 24, has received stellar response from investors as the issue got fully subscribed within hours of opening. Aeroflex Industries IPO has been subscribed 2.88 times so far on day 1 as the issue received bids for 6.69 crore equity share as compared to 3.25 crore shares on the offer, till 1:00 pm.

Multibagger stock: Patel Engineering shares are one of the multibagger stocks that Indian stock market has produced in 2023. This circuit to circuit stock has investments from Bank of Baroda and Vijay Kedia. In fact, ace investor Vijay Kedia raised his stake in this multibagger stock during April to June 2023 quarter.

Macroeconomist Lyn Alden has cast doubt on a proposal that would see five countries work together to develop a common BRICS currency — arguing it will likely struggle to get off the ground and fail to dethrone the United States dollar.

Aeroflex Industries IPO: The initial public offering (IPO) of Ashish Kacholia-backed company Aeroflex Industries Ltd has hit primary market today. The public issue will remain open for bidding till 24th August 2023. The company has fixed Aeroflex Industries IPO price at ₹102 to ₹108 per equity share and it aims to raise ₹351 crore from the initial public offer.

Aeroflex Industries IPO: Aeroflex Industries said in a statement on August 21 that it has raised ₹103.68 crore from anchor investors a day ahead of its IPO subscription opening for bidding. Aeroflex Industries initial public offering (IPO) will open for subscription on Tuesday, August 22 and close on Thursday, August 24.

IPO) of Aeroflex Industries will open for subscription on August 22 and continue till August 24. The allocation to anchor investors will be done on Monday evening. Ahead of the issue opening, Aeroflex Industries is commanding a premium of Rs 60 in the unlisted market.

Escorts Kubota have rallied nearly 3,500% in the last 10 years, delivering blockbusters to investors. If one would have invested about Rs 10,000 in stock a decade ago, the investment could have swelled to Rs 3.5 lakh, according to an analysis by ET Markets. The shares have delivered solid returns in the last three year too with 182% rise and gained about 130% in the last three years. Escorts Kubota offers agricultural machinery, construction and material handling machines, and railway equipment, serving customers worldwide. It has a market capitalisation of about Rs 31,400 crore and an EPS of 67.18 on a trailing twelve month (TTM) basis. The stock is currently trading at a PB of 3.73. According to the shareholding pattern available with the exchanges, promoters own majority of the stake at 67.64%, while the rest of 30.40% lies with the public shareholders.

Primathon, a Gurugram-based software development company, says it has successfully partnered with Suniel Shetty-backed Veda Rehabilitation and Wellness to launch a mobile app to provide mental health care. In a statement, the company says the collaboration has resulted in the development of a cutting-edge mobile application “Lets Get Happi” that provides real-time treatment 24 hours a day, seven days a week. The app is expected to meet the critical need for cheap, inclusive, and stigma-free mental health care.

Microsoft and LeverFi have joined forces to launch an AI-backed solution that aims to tackle the challenges facing the decentralized finance (DeFi) industry.

Securitize, a firm that specializes in tokenizing private investments, is all set to acquire the crypto investment platform Onramp Invest.

Planview opened a global capability and innovation centre in Bengaluru and earmarked $125 million in investments for expansion in the region over the next four years. The Texas, US-headquartered company Thursday said the investment will go into hiring and centre operating expenses over the next four years to drive a strong growth trajectory in the country. It also said it had hired around 400 people in the last 12 months.

₹269.4 crores, according to Red Herring Prospectus (RHP). EBITDA for the company was ₹54 crores, with a 20.05% EBITDA margin. The company's profit after tax for the fiscal year 2023 was ₹30.1 crores, with a PAT margin of 11.19%.

UBS Group AG agreed to pay $1.44 billion to settle a long-running case over US mortgage-backed securities, resolving one of the bank’s largest outstanding legal issues as it works toward integrating Credit Suisse. 

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The Reserve Bank of Zimbabwe (RBZ) has announced its advanced plans to launch Gold-Backed Digital Token (GBDT) for retail purposes following its successful reception among investors, a success the Bank hailed as "commendable" in a recent report.

ESG-flavoured superannuation and investments start-up Future Super has ruled off its series C round, securing fresh capital from new and existing investors at a $225 million valuation.

The Reserve Bank of Zimbabwe (RBZ) expects to launch its gold-backed digital token (GBDT) for retail use soon, the RBZ has stated. This follows the token’s success with investors, which the bank described as “commendable” in a recent report.