Band Financial News

Ahead of the IPO, the company has raised Rs 465 crore in the anchor round, which saw participation from marquee foreign and domestic institutional investors, including The government of Singapore, Abu Dhabi Investment Authority, Government Pension Fund Global, UTI Mutual Fund, DSP Mutual Fund, SBI Life among others. Concord, which is backed by Quadria Capital Fund and Rakesh Jhunjhunwala's Rare Enterprises, is one of the leading global manufacturers of select fermentation-based APIs (F-APIs) across immunosuppressants and oncology with a market share of over 20% by volume in 2022. The IPO is completely an offer for sale of 2.09 crore equity shares up, aggregating up to Rs 1,551 crore.

Yudiz Solutions IPO: The initial public offering (IPO) of the Yudiz Solutions Limited has hit primary markets today and the public issue will remain open for subscription till 8th August 2023. The book build issue is proposed for listing on NSE SME exchange and Yudiz Solutions IPO price band has been fixed at ₹162 to ₹165 apiece. Meanwhile, shares of Yudiz Solutions Ltd have started to trade in unlisted stock market as well.

Srivari Spices IPO: Price band of the initial public offerings (IPO) of Srivari Spices and Foods Limited has been fixed at ₹40 to ₹42 per equity share. The book build issue will open for subscription on 7th August 2023 i.e. on Monday next week.

The retail portion of the IPO was subscribed 3.67 times and the NII category was booked 7.7 times. The part reserved for qualified institutional buyers (QIB) was subscribed just 52% so far. According to market sources, the company's shares are commanding a premium of 38% in the unlisted market.

small and medium enterprises (SME). The IPO will remain open for public subscription till August 8. Sangani Hospitals IPO GMP today, or grey market premium today, is just Re 1, as per topsharebrokers.com.

Shri Techtex IPO listing: Shares of Shri Techtex listed on NSE SME exchange at ₹81.15, delivering near 33 per cent listing premium to its lucky allottees. The public issue was offered at a price band of ₹54 to ₹61 per equity share and the issue was proposed for listing on NSE SME exchange.

Concord Biotech IPO: The initial public offering (IPO) of Concord Biotech Limited has opened today for subscribers and it will remain open for bidders till 8th August 2023. The public issue aims to raise ₹1,551 crore and the book build issue is completely offer for sale (OFS) in nature. The bio-pharma company has fixed Concord Biotech IPO price band at ₹705 to ₹741 per equity share.

Miles Kane has announced a new tour, scheduled to take place from January 25 to February 9, 2024, across various venues in the UK. The tour will be in support of Miles Kane's highly anticipated studio album, titled «One Man Band”. Miles Kane shared this exciting announcement of his upcoming tour on his official Instagram page on July 28, 2023. He is preparing to release his fifth studio album, „One Man Band,“ on August 4, 2023. To support the new project, he has announced a tour across the UK. Joining him on the tour will be The Roystoneclub, an emerging band on their first headliner tour, promoting their debut studio album, „Shaking Hips and Crashing Cars.“

Concord Biotech IPO: Rare Enterprises-backed Concord Biotech said in an exchange filing that it has raised ₹465 crore from anchor investors, a day ahead of its initial public offer (IPO) opening for bidding. Concord Biotech IPO will open for subscription on Friday, August 4 and close on Tuesday, August 8. The company had fixed the price band at ₹705 to ₹741 per equity share for the proposed initial public offer.

The Minnesota Supreme Court has ruled that the state's Pollution Control Agency was wrong to issue permits for a long-contested copper-nickel mine

finance ministry said on Thursday. «Indian economy’s domestic dynamics continue to be strong. Real GDP growth data for the last quarter of FY23 reaffirmed the ability of the Indian economy to grow on the strength of its domestic demand and investment despite a rise in global uncertainties and moderation in global output,» it said in its monthly economic report for June.

IPO) of Concord Biotech will open for public subscription on August 4 and close on August8. Ahead of the issue opening, the company's shares commanded a premium of Rs Rs 325 in the unlisted market. The company is one of the leading global manufacturers of select fermentation-based APIs (F-APIs) across immunosuppressants and oncology with market share of over 20% by volume in 2022.

The weather in the U.S. couldn’t be any hotter, especially in the South-Central region. Air conditioners are being cranked to the hilt day and night. Yet, natural gas prices aren’t going north but south because supplies are, somehow, adequate to keep up with the maddening heat and power burns.

small and medium enterprises (SME). The IPO will remain open for public subscription till August 8. Check out key things to know about Sangani Hospitals IPO: Sangani Hospitals IPO Dates: Sangani Hospitals IPO opens for subscription on Friday, August 4, and will close on August 8, Tuesday.

₹115 to ₹118 per equity share for the proposed SME initial public offer. Oriana Power IPO lot size consists of 1200 equity shares and the multiples of 1200 equity shares thereafter. Oriana Power IPO is made up of a completely fresh equity offering of up to 50.5 lakh equity shares totalling up to ₹59.6 crore.

₹50 per equity share. The public issue opened on Tuesday, July 25 and closed on Thursday, July 27. Innovatus Entertainment Networks IPO subscription status was 105.21 times on day 3.

Also Read: SBFC Finance IPO: GMP, subscription status, should you apply or not? Shri Techtex IPO plans to raise ₹45-50 crore. The company plans to use the net proceeds from the offering to pay for the following projects, including building a factory shed, starting a solar farm, buying equipment, meeting working capital needs, serving general corporate objectives, and covering public offering costs.

Yudiz Solutions IPO: The initial public offering (IPO) of the Yudiz Solutions is going to hit primary markets on 4th August 2023 i.e. today. The public issue will remain open fir bidding till 8th August 2023.

Yatharth Hospital IPO: After finalisation of share allotment on Wednesday, investors would be busy checking Yatharth Hospital IPO allotment status. For their information, they can do it online in two ways — first by logging in at the BSE website or at the website of its official registrar Link Intime India Private Limited. However, for convenience, they can do it with more ease by logging in at the direct BSE link — bseindia.com/investors/appli_check.aspx or at direct Link Intime web portal — linkintime.co.in/mipo/ipoallotment.html.

Analysts have given a mixed verdict, staying cautious on IPO with probable pressure on margins, profitability and rising risk of defaults. At the upper price band of Rs 57 per share, the stock is valued at 3x P/BV trailing FY23 book. «Considering the subdued ROE profile of the company as well as high post-issue adequacy of 50%, return ratios are expected to remain under pressure in coming years.

music festival starting in northern Germany on Wednesday was forced to cap attendance after heavy rains turned its outdoor venue into a muddy quagmire. Organisers of the annual Wacken Open Air (W:O:A) bash, featuring 150 bands on eight stages over four days, said the event would go forward as planned but with only around 60 percent of the 85,000 ticket-holders after imposing an entry freeze. In messages to «dear metalheads» on social media, the promoters said they regretted having to cap the total audience at the around 50,000 fans who were already present, calling the situation «very sad». «We tried everything but unfortunately we are unable to allow anyone else onto the Holy Ground,» they said, referring to the sprawling rural venue. «There is no other way,» they added, calling it the «first time we've taken this decision in the history of the W:O:A.»