Band Financial News

Investing.com-- Gold prices fell in Asian trade on Tuesday, facing consistent pressure from a stronger dollar and higher Treasury yields as Federal Reserve officials reiterated the bank’s outlook for higher interest rates. 

Manoj Vaibhav Gems IPO: The initial public offering (IPO) of Manoj Vaibhav Gems 'N' Jewellers Limited opened for subscription on 22md September 2023 i.e. on Friday last week. The three day subscrion of the main board issue is ending today and hence investors have just one day in hand to apply for the book build issue.

non-basmati rice to Bhutan (79,000 tonnes), Mauritius (14,000 tonnes), and Singapore (50,000 tonnes) through the National Cooperative Exports Ltd (NCEL). "The Government of India has the commitment that in case of food insecure, vulnerable countries and neighboring countries request, it will provide with the required quantity of rice or wheat," he said.

Speaker Kevin McCarthy has turned to a strategy that so far has preserved his tenuous hold on House leadership, but also marked his tenure by chaos

1) Arabian Petroleum The initial public offer of Arabian Petroleum is completely a fresh issue of Rs 20.24 crore. The IPO is priced at Rs 70 apiece. About 50% of the offer is reserved for retail investors and the rest 50% is set aside for other investors. The company is in the business of manufacturing a wide range of lubricants including specialty oils, coolants, etc., used for application in automobiles and industrial machines and appliances. Net proceeds from the issue will be used for working capital requirements, general corporate purposes, and issue expenses. Hem Securities is the lead manager for the IPO, while Purva Sharegistry India is the registrar.2) Newjaisa Technologies Newjaisa Technologies' Rs 40 crore SME IPO is an entirely fresh issue of 84.96 lakh shares.

₹65.25 per share, 63.13% higher than the issue price of ₹40. Holmarc Opto-Mechatronics shares were locked at 5% upper circuit post listing. Holmarc Opto-Mechatronics share price closed at ₹68.50 apiece on NSE on Monday.

Also Read: Arabian Petroleum IPO: Check price band, subscription status, GMP, other key things to know about SME IPO Hi-Green Carbon IPO GMP today, or grey market premium today, is ₹60 per share, as per market observers. The latest GMP indicates that the Hi-Green Carbon shares are trading at a premium of ₹60 apiece in the grey market.

Saakshi Medtech and Panels IPO: The initial public offering of Saakshi Medtech and Panels Limited has opened today and the public issue will remain open for subscription till 27th September 2023. The book build issue has been offered at a price band of ₹92 to ₹97 per equity share and the issue is proposed for listing on NSE SME emerge platform. Meanwhile, the SME stock is available for trade in grey market.

Also Read: Mangalam Alloys IPO: Issue subscribed over 4 times so far on last day; retail category booked 6.5x Arabian Petroleum IPO is entirely a fresh issue of 28.92 lakh shares aggregating to ₹20.24 crore. The price band for the issue is fixed at ₹70 per share. The IPO lot size is 2,000 shares and the minimum investment amount required by retail investors is ₹140,000.

IPO watch: Senco Gold IPO (Initial Public Offering) listed on BSE and NSE in mid July 2023 at a strong premium of more than 35 per cent. However, after debut on Dalal Street, Senco Gold shares continue to climb to a new peak on a regular intervals.

Inspire Films IPO Dates: Inspire Films IPO opened for subscription on Monday, September 25 and will close on Wednesday, September 27. Inspire Films IPO Allotment: The company is likely to finalise the basis of IPO allotment on October 3 and initiate refunds on October 4, while credit the shares into the demat accounts of eligible investors on October 5. Inspire Films IPO Listing Date: Inspire Films shares are proposed to be listed at NSE SME with a tentative listing on October 6.

₹91 per share, 40% higher than the issue price of ₹65. However, after a strong debut the Chavda Infra shares were locked at 5% lower circuit. Chavda Infra IPO opened for subscription on Tuesday, September 12, and closed on Thursday, September 14.

BNP Paribas, Societe Generale, Citigroup Global Markets, and Nomura Singapore are foreign investors that participated in the anchor round. The company plans to raise about Rs 640 crore through the IPO, which closes on September 27. Analysts are dividend on the company's prospects. While they believe the company has successfully created a niche through marque clients, past acquisitions and operational efficiency, they remain concerned over the valuations. «The company has aimed for high margin through value-added services with the support of the latest technology in its portfolio.

Digikore Studios IPO: Digikore Studios Limited, specializes in delivering Visual Effects (VFX), has announced its plans to go public with an Initial Public Offering (IPO) on 25th September, 2023. The public issue will remain open till 27th September 2023. The company is aiming to raise ₹30.48 crore on upper band price through this IPO, with shares set to be listed on the NSE EMERGE platform.

Updater Services IPO: The initial public offering (IPO) of Updater Services Limited has opened today and it will remain open for subscribers till 27th September 2023. The public issue has been offered at a price band of ₹280 to ₹300 per equity share and the company aims to raise ₹640 crore from this initial offer. Out of ₹640 crore, ₹400 crore will be raised via issuane of 13,333,333 fresh shares while the rest ₹240 crore is aimed via Offer for Sale (OFS).

Updater Services, a provider of facility management services to corporates, plans to raise ₹640 crore from its initial public offering (IPO). Of this, ₹400 crore will be raised from fresh issuance of shares that would be deployed to repay loans and enhance its working capital and the balance includes an offer of sale (OFS) by promoters and a private equity investor.Promoter holding will drop to 58.5% after the IPO from 80.5%.

SEVENTEEN, the popular K-pop group, is gearing up for their 11th mini album release titled "SEVENTEENTH HEAVEN" on October 23. However, a recent teaser release stirred some controversy, leading to its deletion.

₹113 -119 and the bidding for the issue will be open from 25 to 27 September 2023, the company said in a press meet while announcing the IPO. “Some of the key details of the IPO are-the price band ₹113-119 with a bid lot of 126 shares, the total offer size ₹2,800 crore and the entire offering is primary," the company said.

The price band for the IPO has been fixed at Rs 113-119 a share. JSW Infrastructure is the fastest growing port-related infra company in installed cargo handling capacity and cargo volumes handled during FY21-23, and the second largest domestic commercial port operator by cargo handling capacity in FY23. Ahead of the IPO, the company raised Rs 1,260 crore through the allotment of shares to anchor investors. The company has allotted 10,58,82,352 shares to anchor investors at Rs 119 apiece. About 11 mutual funds participated in the pre-IPO placement through a total of 28 schemes. SBI Mutual Fund, ICICI Prudential MF, HDFC Mutual Fund, Nippon India MF, Aditya Birla Sun Life MF, Sundaram MF, Franklin Templeton, UTI MF, Tata AMC, and Baroda BNP Paribas MF are the mutual funds that participated in the anchor placement of shares. Among foreign portfolio investors, the Government of Singapore was allotted 5.6% of the total anchor placement.

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