Band Financial News

₹93 to ₹98 per equity share of face value of ₹10 each. Ratnaveer IPO lot size is 150 equity shares and in multiples of 150 equity shares thereafter. Ratnaveer Precision Engineering IPO cap price shall be at least 105% of the floor price and shall not exceed 120% of the floor price, and the floor price is to be determined and justified by the company and the promoter selling shareholder in consultation with the Book Running Lead Manager (BRLM), the company said in its Red Herring Prospectus (RHP).

₹26 to ₹28 per equity share and the Mono Pharmacare shares will get listed on Thursday, September 7 on NSE SME. Bids can be made for a minimum of 4,000 equity shares and in multiples of 4,000 equity shares thereafter. Mono Pharmacare Limited IPO cap price shall be at least 105% of the floor price, according to Red herring prospectus (RHP).

IPO subscription status: Rishabh Instruments IPO was subscribed 65% on day 1 so far. Rishabh Instruments IPO opened for subscription today (Wednesday, August 30), and will close on Friday, September 1. Rishabh IPO received decent response from retail investors and non-institutional investors (NIIS) on day 1.

IPO listing date has been fixed for Tuesday, September 5 on NSE and BSE. If you applied for the shares, here's how you can check allotment status of Vishnu Prakash IPO. If you have applied for the Vishnu Prakash IPO, you can check your Vishnu Prakash IPO allotment status immediately on the website of the IPO registrar, Link Intime India Private Ltd.

₹70 per share. This indicates CPS Shapers share price were trading at a premium of ₹70 in the grey market today, according to topsharebrokers.com. Considering the IPO price band and the current premium in the grey market, the estimated listing price of CPS Shapers share is ₹255 apiece, which is 37.84% higher than the IPO price.

Vishnu Prakash R Punglia is likely to be finalised on Thursday. Investors will get shares on a lottery basis and the whole process will be supervised by the registrar. On the allotment date, investors come to know about the number of shares allotted to them as against the bids made.

IPO listing date has been fixed on August 31. Aeroflex Industries raised ₹351 crore from the initial share sale. The current trends in the grey market indicate a strong listing for Aeroflex Industries shares on BSE and NSE.

GreatGuys has captured online attention with their dance rendition of the iconic Bollywood track "Koi Mil Gaya" from the film "Kuch Kuch Hota Hai," released in 1998. This performance has sparked widespread admiration, emphasizing the global reach of music and dance. GreatGuys, an eight-member boy band managed by DNA Entertainment, showcased their dancing prowess in a cover video shared on Instagram on August 18.

₹142.50 apiece on the BSE SME as against the issue price of ₹75.00 per share. Bondada Engineering doubled IPO investors money on debut as the shares were locked at 5% upper circuit at ₹149.62 after listing, leading to gains of 99.49% from issue price. Bondada Engineering IPO was an SME IPO and was open from August 18 to August 22.

₹55.95 apiece on NSE Emerge, a premium of 7.59% to the issue price of ₹52 per share. Crop Life Science is engaged in the business of manufacturing, distributing, and marketing agrochemical formulations. The SME company had launched its initial public offering (IPO) on August 18 to raise ₹26.73 crore from the primary market.

Ahead of the IPO opening, the company raised Rs 147 crore from anchor investors, where marquee funds, including HDFC MF, Nippon MF, Quant MF and Tata MF among others participated. Analysts advised investors to subscribe to the issue for the long term as the company is backed by strong manufacturing capabilities, diverse product portfolio and solid financials. «Rishabh Instruments stands as a global leader in manufacturing and supplier of analog panel meters and low voltage current transformers. We recommend a 'Subscribe' to the issue from the view of listing gains as well as for the long term,» said Hensex Securities. The Rs 491 crore IPO comprises a fresh equity issue of Rs 75 crore and an offer for sale (OFS) of up to 94.28 lakh shares, which comes to about Rs 416 crore. The issue is priced in the range of Rs 418-441, where investors can bid for a minimum of 34 shares in one lot and in multiples thereafter. About 50% of the offer is set aside for qualified institutional buyers, 15% for non-institutional investors and 35% for retail investors. Rishabh Instruments is a global energy efficiency solution company focused on electrical automation, metering and measurement, precision-engineered products etc., with diverse applications across industries including power, automotive and industrial sectors. The company is a global leader in the manufacturing and supply of analog panel meters, and they are among the leading global companies in terms of manufacturing and supply of low voltage current transformers. «At the upper price band, the company is valuing at P/E of 34.3x FY23 earnings with a market cap of Rs 1674 crore post issue of equity shares and return on net worth of 11.67%.

₹418 to ₹441 per equity share of face value of ₹10 each. The IPO lot size is 34 equity shares and in multiples thereafter. The public offer comprises a fresh issue of equity shares worth ₹75 crore and offer for sale (OFS) portion aggregating to 9.43 million equity shares of ₹415.78 crore.

Bitcoin, the world's largest cryptocurrency, experienced a drop below $26,000 in the past day, but quickly recovered above, settling around $26,070. 

A team investigating sexual assault allegations against the late founder of a talent agency for boy bands says it has found the charges credible and is calling for financial compensation for the victims

₹147 crore from anchor investors today. Rishabh Instruments IPO will open for subscription tomorrow (Wednesday, August 30), and will close on Friday, September 1.

IPO listing date has been fixed for Tuesday, September 5 on NSE and BSE. If you applied for the shares, here's how you can check allotment status of Vishnu Prakash IPO. If you have applied for the Vishnu Prakash IPO, you can check your Vishnu Prakash IPO allotment status immediately on the website of the IPO registrar, Link Intime India Private Ltd.

IPO listing date has been fixed for tomorrow i.e. Wednesday, August 30 on NSE SME. Crop Life Science IPO subscription opened on Friday, August 18, and closed on Tuesday, August 22.

PMRTS and CMRTS), which are used to operate walkie-talkies. In the discussion paper titled ‘Review of Terms and Conditions of PMRTS and CMRTS Licenses’, the Telecom Regulatory Authority of India (Trai) asked whether there is a need to review the terms and conditions of PMRTS License and PMRTS Authorization under Unified License and if PMRTS providers should be permitted internet connectivity on static internet protocol (IP) addresses. The authority also sought comments on whether it is possible to deliver the PMRTS/ CMRTS, which are mission critical in nature, using 4G/5G network slicing or any other technology. “If yes, in what manner should the delivery of PMRTS/ CMRTS using 4G/ 5G network slicing be enabled in the license? What should be safeguards to ensure that the quality-of-service for cellular networks is not adversely impacted?” Trai sought to know in the paper released Tuesday. The paper follows a June 2022 letter by the Department of Telecommunications (DoT) requesting recommendations on the terms and conditions for issue of fresh licenses for CMRTS and PMRTS Services especially with respect to technical conditions and financial aspects, the sector regulator said in a notification Tuesday. The deadline for written comments on the discussion paper is September 26, and for counter comments, it’s October 10. The sector regulator observed that telecom technology has grown significantly over the past few years and asked if PMRTS providers should be made to keep pace. “Whether there is a need to mandate PMRTS providers to migrate to spectrally efficient digital technologies in a time-bound manner,” Trai asked industry stakeholders to comment. It asked for comments on Trai’s existing recommendations on the method

₹24,500 crore. Together, the Pre-IPO and IPO of Aeroflex raised ₹426 crores for the company and its corporate promoter, Sat Industries Ltd.

IPO listing date has been fixed for tomorrow i.e. Wednesday, August 30 on BSE SME. Bondada Engineering IPO opened for subscription on Friday, August 18, and closed on Tuesday, August 22.

$PEPE cryptocurrency community has been swindled by three of Pepe’s founding members who exploited the multi-signature transfer system. This maneuver allowed Pepe founders to extract a staggering 60% of the Pepe Coin’s value, totaling around $15 million USD. Pepe Coin was stealthily moved to various exchanges and quickly sold off, leaving the Pepe community in shock.