Band Financial News

Louis Vuitton has welcomed yet another talented face into its fold. On the 22nd of August, the renowned fashion brand revealed that Felix, a standout member of Stray Kids, is now proudly stepping into the role of their newest house ambassador. Nicolas Ghesquière, the artistic director of women’s collections at Louis Vuitton, expressed his excitement about this partnership. Ghesquière's introduction to Felix occurred during the unveiling of his Prefall collection in Seoul, a moment that sparked an instantaneous connection.

₹75 per equity share of face value of ₹10 each. Bids can be made for a minimum of 1,600 equity shares and in multiples of 1,600 equity shares thereafter. Bondada Engineering IPO issue price is 7.5 times the face value of the equity share.

On day 2, Crop Life Science IPO Subscription Status was 2.36 time, and on day 1 the issue was subscribed 84%. Also Read: Pyramid Tecnoplast IPO: What GMP, subscription status signal on last date of bidding Crop Life Science Limited IPO GMP today or grey market premium is -4. This indicates that the shares of Crop Life Science IPO GMP were trading at a discount of ₹4 in the grey market on Tuesday, according to topsharebrokers.com.

TVS Supply Chain Solutions will likely debut on the exchanges on August 23. Ahead of the listing, the company's shares are fetching a mild premium of Rs 4 in the unlisted market, indicating a muted listing on the Street. Considering the upper price band of Rs 197, the stock is expected to debut at a premium of just 2% over the issue price. However, it is important to note that grey market premiums are just an indicator as to how the company's shares are stacked up in the unlisted market and are subject to change rapidly. The IPO was subscribed to 2.85 times overall, which is a decent response.

IPO) of Vishnu Prakash R Punglia will open for subscription on August 24. The issue closes on August 28.

IPO Subscription Status: Pyramid Technoplast IPO was subscribed 18.16 times on day 3, so far. Pyramid Technoplast IPO opened Friday, August 18 and will close today (Tuesday, August 22). Pyramid Technoplast IPO received overwhelming response from non-institutional investors (NIIS) and retail investors on day 3.

IPO listing: TVS Supply Chain IPO share listing process has begun. The ₹880 crore-worth public issue, which was open from August 10 to August 14, was subscribed 2.85 times in total. TVS Supply Chain IPO share allotment was finalised on August 21, Monday.

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.

Reliance Jio, India’s telecom market leader, may launch its fixed wireless access (FWA) device offering – Jio AirFiber — for the consumer market in the festive quarter at an up to 20% discount from the current options in the market, industry executives and analysts said. This will be the first mainline effort by Jio to monetise 5G after the data top pack it introduced early this year. “We should hear the announcement during the upcoming AGM (annual general meeting). Traditionally, Jio has launched new products with big bang offers and this may be no different,” said a person in the know. Jio did not respond to queries sent on the matter by ET at press time. The telco is said to have started consumer trials across cities where its 5G rollout has completed and stabilised. It has also sent out devices to selected users, including employees, for testing in the home environment in preparation for the launch, those in the know added.

Analysts gave a thumbs-up to the issue as it offers a favourable risk-reward ratio for long-term investors, given its unique business model, decent return ratios and margins. «We are confident that Aeroflex Industries will deliver consistent performance and provide an excellent investment opportunity for investors with a long-term horizon,» said Profitmart Securities. The company, which is backed by marquee investor Ashish Kacholia and others, plans to raise Rs 351 crore at the upper price band of Rs 108. Aeroflex Industries is a market leader in the field of metallic flexible flow solutions, offering a comprehensive range of products including corrugated stainless steel hoses and interlock flexible metal hoses. The company has grown at more than 37% revenue CAGR in the last three years, operating at more than 4.85 times asset turnover, over 20% EBITA margins and generating approximately 32% ROCE. «Aeroflex Industries has exhibited impressive financial growth and established strong client relationships, holding a dominant market position in India. With the support of seasoned promoters, prominent HNI investors, and a forward-looking strategy, it is excellently poised for enduring success within the burgeoning flexible flow solutions sector,» said AUM Capital. The IPO, with a face value of Rs 2 per equity, is priced in the range of Rs 102-108.

In France, global warming has been wreaking havoc on this ancient equation for some time. Wine-growing regions across the country have seen seasons truncated—the harvest date in the Châteauneuf-de-Pape appellation, one of the most prized, has moved up almost three weeks since 1960.

₹239.20 apiece, 5% lower than the previous closing price of ₹251.75 apiece on the BSE. Jio Financial Services Limited (JFSL), formerly known as Reliance Strategic Investments Limited, the demerged financial arm of Reliance Industries, made its stock market debut on August 21.

Aeroflex Industries Ltd on Monday said it has collected close to Rs 104 crore from anchor investors ahead of its initial public offering (IPO). The company has decided to allocate 95.99 lakh equity shares to 15 funds at Rs 108 apiece, which is also the upper end of the price band, according to a circular uploaded on the BSE website. Societe Generale, Winro Commercial India Fund Ltd, Universal Sompo General Insurance Company Ltd, Nippon India Mutual Fund, WhiteOak Mutual Fund, Bank of India Mutual Fund and Invesco Mutual Fund are among the anchor investors. The IPO consists of a fresh issue of equity shares worth up to Rs 162 crore and an Offer for Sale (OFS) of up to 1.75 crore equity shares by promoter Sat Industries. At present, promoter and promoter group members own over 91 per cent stake in the company. The maiden public issue, a price band of Rs 102-108 a share, will open for subscription on August 22 and conclude on August 24.

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.

Sahaj Fashions IPO: Sahaj Fashions' initial public offer (IPO) opens for subscription on Friday, August 25 and closes on Tuesday, August 29. The small-to-medium enterprises (SME) IPO is a fixed price issue and the issue size is ₹13.96 crore. Sahaj Fashions IPO is a fresh issue comprising 4,476,000 shares of the face value of ₹10, aggregating up to ₹13.43 crore.

solar panels. Sungarner Energies Ltd offers its clients engineering, design, and solution-related services. Additionally, the company offers a variety of services, including the operation and maintenance of solar power generation systems and projects involving solar power plants.

Jio Financial Services made its official debut on the exchanges, listing at a price slightly higher than its derived price. While the listing was a booster shot, the stock succumbed to selling, largely by passive index funds, who needed to adjust their portfolio ahead of the exit of Jio Financial from Nifty 50 and Sensex. The stock will be removed from the indices on Thursday, provided it does not hit the price band for two consecutive days.

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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.

Jio Financial Services (JFSL) will move out of the trade-for-trade segment and be part of the rolling segment, effective September 4, BSE and NSE said via separate circulars. Shares of the demerged entity of Reliance Industries (RIL) were officially listed on the exchanges on Monday at a slight premium to the derived price. On July 20, stock exchanges added Jio Financial to key indices, including the Sensex and Nifty 50, following the demerger of the financial services business Reliance Strategic Investments.

Reliance Industries, made its stock market debut on August 21. The stock was listed at ₹265 per share on the BSE and ₹262 per share on the NSE against the discovered price of ₹ ₹261.85 apiece. However, the JFSL shares soon crashed 5 per cent to hit its lower price band of ₹251.75 on BSE.