Band Financial News

₹29 apiece on NSE Emerge, as against the issue price of ₹28 per share. Mono Pharmacare Ltd, the marketer and distributor of pharmaceutical products, launched its initial public offering (IPO) from August 28 to August 30. Mono Pharmacare IPO was subscribed 13.42 times in total at the end of the subscription period.

Rishabh Instruments IPO: Allotment status has become public for the initial public offering (IPO) of Rishabh Instruments Limited. Those who have applied for the Rishabh Instruments IPO, they are advised to check their Rishabh Instruments IPO allotment status online at BSE website or at the website of its official registrar KFin Technologies. However, after allotment of shares, investors and market observers are eagerly waiting for the Rishabh Instruments IPO listing date, which is most likely on 11th September 2023 i.e.

Kourtney Kardashian Barker and Travis Barker's unborn baby is now declared safe following an “urgent fetal surgery.” The eldest Kardashian sister, aged 44, disclosed on Wednesday that she was admitted to the hospital last week. She shared an Instagram photo, seemingly in a hospital bed, holding her husband's hand. In her caption, she expressed her enduring gratitude to her medical team for saving their baby's life.

WATFORD GAP, England—There is no Mason-Dixon Line in England to settle debate about where the North ends and the South begins. So physicists at Sheffield Hallam University used artificial intelligence to draw one. Their conclusion: The line runs right past Watford Gap rest area, a clump of fast-food outlets and gas pumps on a highway 80 miles from London.

The Rolling Stones are returning with their first collection of original songs since 2005. The British rock-music architects held a media event in Hackney, an area in east London, on Wednesday where they unpacked details of their coming album, “Hackney Diamonds." As part of the event, Mick Jagger, Keith Richards and Ronnie Wood fielded questions from American comedian and late-night show host Jimmy Fallon. The launch, which was livestreamed on YouTube, followed a teaser campaign that included a snippet of a new song and a mysterious advertisement placed in the Hackney Gazette, a local newspaper.

Bruce Guthro, songwriter and lead vocalist to Scottish band 'Runrig' died Wednesday at the age of 62. MP and former bandmate Pete Wishart confirmed his death in a social media post. Wishart said that the Canadian musician had been an exceptional singer and songwriter. In an X post, the Scottish MP said, “So, so sad to hear of the untimely death of my friend and former bandmate Bruce Guthro. He was just the nicest person you could ever hope to meet and a joy to perform with. An exceptional singer, musician, and songwriter taken far too soon. We are going to miss him. Rip.” The singer announced two months ago that he was suffering from a serious illness. Tributes have been pouring since the news of his death was broken. A Runrig fan posted on her X account, “Bruce did look very I’ll in the video he posted 2 months ago. I pray he didn’t suffer too much in the end, and I pray for comfort to his family in hard times. Thank you to my all-time favorite lead singer, songwriter, and icon. RIP.”

Reliance Jio has sought flexible use of airwaves between satellite and terrestrial use, noting that the latest changes in technology and standards have allowed for integrated or converged networks. The No 1 carrier has communicated this stance to the Telecom Regulatory Authority of India (Trai) in a letter ahead of expected recommendations on assignment of spectrum for space-based communication services.

Rishabh Instruments will likely be finalised on Wednesday. Investors will get shares on a lottery basis and the whole process will be supervised by the registrar. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made.

Chavda Infra Ltd has set a price band of Rs 60-65 per share for its initial public offering (IPO). The IPO will open for public subscription on September 12 and will conclude on September 14, while the bidding for the anchor investors will open on September 11, the company said in a statement on Tuesday. The shares of the company will be listed on NSE Emerge, a platform for small and medium enterprises, it added. The IPO comprises of a fresh issue of 66.56 lakh equity shares with a face value of Rs 10 through the book-building route. The company intends to utilise the proceeds from the issue of up to Rs 27 crore for working capital requirements and the balance being used for general corporate purposes and issue expenses. Beeline Capital Advisors is the book-running lead manager to the issue.Chavda Infra has executed over 100 projects worth Rs 671 crore.

IPO Subscription Status: The initial public offering (IPO) of Jupiter Life Line Hospitals Ltd, the multi-specialty tertiary and quaternary healthcare provider, opened for public subscription today. The IPO, which will close on September 8, has so far received decent response from investors. Jupiter Life Line IPO has been subscribed 0.47 times so far on September 6, the first day of the bidding process.

Neeraj Mittal Wednesday assumed charge as the new Department of Telecommunications (DoT) secretary. Mittal, a Tamil Nadu cadre 1992-batch Indian Administrative Service (IAS) officer, will now shortly meet telecom minister Ashwini Vaishnaw, as well as all the senior officials of the department. The senior bureaucrat is taking charge of DoT at a time when key issues pertaining to the sector need to be finalized. For instance, he will be tasked to decide on the critical issue of spectrum, particularly satellite airwaves, E and V band spectrum as well as 6 GHz spectrum.

Reliance Jio has shared with Telecom Regulatory Authority of India (Trai) a recent decision taken by New Zealand government allowing use of 24-30 GHz spectrum, part of Ka band, for satellite and mobile services to highlight its point. Jio has stressed that the suggestion for flexible use of spectrum is based upon the latest changes in technology and standards which have allowed the creation of integrated and converged networks. As per Trai’s consultation paper on assignment of spectrum for space-based communication services, Ku band ranges from 10 GHz to 15 GHz while Ka band ranges from 17 GHz to 31 GHz. As per Jio, the New Zealand government has agreed to allocate 24.25-27.5 GHz primarily for mobile use, with an option to include some satellite services in some areas. Bands in the 27.5-28.35 GHz range are to be shared for mobile and satellite services while 28.35-29.5 GHz to be allocated for satellite services with the option to include some mobile use. “The above decisions clearly show that the New Zealand government has recognised the need for flexible use of spectrum in the wake of imminent technological convergence in telecommunication networks under integrated and converged satellite and terrestrial networks,” Jio said in a letter dated September 5 to Trai chairman PD Vaghela. As per Trai, Ku band can be used for both fixed satellite services and mobile satellite services.

The non-institutional category was subscribed the most at 90.04 times, followed by retail investors at 39.67 times. The demand from qualified institutional buyers (QIB), which stayed muted for the first two days, also picked up pace on the last day with the category subscription at nearly 23 times. According to market analysts, the company's shares are commanding a premium of Rs 60 in the unlisted market. The IPO is a combination of a fresh issue and an offer for sale (OFS).

₹246.85 apiece on the BSE. Jio Financial Services Ltd (JFSL), the demerged non-banking financial services unit of Mukesh Ambani-led Reliance Industries, will be dropped from Nifty 50 and other NSE indices, on September 7, the stock exchange NSE said on Tuesday. JFSL shares will be dropped from 19 NSE indices, including Nifty 50, Nifty 100, Nifty 200, Nifty 500, Nifty Energy, Nifty Commodities and Nifty Oil & Gas.

Joe Jonas and Sophie Turner as the celebrity couple is officially headed for divorce after a 4-year long marriage. According to public records obtained by CNN. The Jonas Brothers band member has filed for divorce from his wife and the petition for it was submitted in Miami Dade County, Florida. The divorce petition states that the marriage is “irretrievably broken” as grounds for dissolution. The couple's romance first blossomed in 2016, and their engagement followed in 2017.

₹66.35 crore from this initial offer. Data on NSE shows retail individual investors subscribed 84.5 crore shares of the company while qualified institutional buyers (QIBs) bought 13.53 crore shares of the company in the IPO out of which foreign institutional investors(FIIs) bought 4.99 crore shares of the company and domestic financial institutions bought 1.66 crore shares. The remaining shares (6.88) in the QIB segment were bought by 'others'.

₹695-735 per share and the offer will close on Friday, September 8. Jupiter Life Line IPO issue size is ₹869.08 crore which comprises a fresh issue of equity shares worth ₹542 crore and an Offer For Sale (OFS) of 44.5 lakh equity shares by promoter group entities and other shareholders. The lot size for the Jupiter Life Line Hospitals IPO is 20 shares and the minimum investment amount required by retail investors is ₹14,700.

Day trading guide for today: Domestic equity benchmarks Sensex and Niftysettled higher in the previous session for the third straight day amid positive domestic macroeconomic data. Domestically focused mid-caps and small-caps outperformed the blue-chips setting record highs. The 30-share BSE Sensex ended higher by 152.12 points or 0.23 per cent at 65,780.26 level on Tuesday, September 5, while the Nifty also closed at 19,574.90 level, up 46.10 points or 0.24 per cent.

₹261 crore from anchor investors ahead of its Initial Public Offering (IPO) that opens for subscription today, Wednesday. The company on Tuesday said it decided to allocate 35.47 lakh equity shares to 39 entities at ₹735 apiece, which is also the upper end of the price band. Singapore Government, Abu Dhabi Investment Authority, Goldman Sachs, Fidelity Funds, Nomura, HDFC Mutual Fund (MF), Nippon India MF, Axis MF, Kotak Mahindra MF, Aditya Birla Sun Life MF, SBI Life Insurance Company and HDFC Life Insurance, are among the anchor investors.

The Rolling Stones have set the stage for their triumphant return to the music scene. The iconic rock band, whose last album of original material was the 2005 classic "A Bigger Bang," is now gearing up for the release of their newest creation, "Hackney Diamonds."

Are you looking for a bridge? Iowa has one for you. It’s a 128-foot bowstring-shaped Warren pony truss from 1912. If that’s not your style, you can get a 183-foot trapezoid Pratt through-truss from 1892.