Band Financial News

₹375 apiece on NSE SME, a premium of ₹281, or 299% to the issue price of ₹94 per share.GP Eco Solutions IPO listing was better than market expectations. GP Eco Solutions IPO GMP today, or grey market premium today, ahead of the listing was ₹181 per share, indicating a listing premium of 193%.GP Eco Solutions shares grew IPO investors’ money by more than four times upon listing.Also Read: United Cotfab share price makes a lukewarm debut, stock opens with a mere 7% premium at ₹75 apiece on BSE SMEGP Eco Solutions IPO opened for subscription on June 14 and closed on June 19.

Dee Development Engineers IPO: Bidding for the initial public offering (IPO) of Dee Development Engineers Limited ended on 21st June 2024, i.e. on Friday last week.

Most of India’s 120 million farmers depend on rain from monsoons for a good harvest

Allied Blenders and Distillers will open for subscription on June 25. The issue closes on June 27. Through the public offer, the company plans to raise around Rs 1,500 crore. Here are 10 things to know about Allied Blenders and Distillers IPO IPO before subscribing to the issue.

₹1,000 crore and an offer-for-sale (OFS) of ₹500 crore in equity shares by promoters and other investors, totaling ₹1,500 crore.Promoters Bina Kishore Chhabria and Resham Chhabria Jeetendra Hemdev will sell off the shares in the Offer for Sale (OFS).The company manufactures, markets, and distributes alcoholic beverages both within India and globally. Its product range encompasses various IMFL brands such as vodka, rum, whiskey, and brandy.Allied Blenders and Distillers IPO date: The IPO of liquor company will open for bidding on June 15 and will close on June 27.Allied Blenders and Distillers IPO price band: The company has set the price band of its IPO at ₹267 to ₹281 per share.Allied Blenders and Distillers IPO size: The Allied Blenders IPO is a book-built issue aiming to raise ₹1,500 crores.

₹1,500 crore. It comprises a fresh issue of 3.56 crore shares amounting to ₹1,000 crores and an offer for sale of 1.78 crore shares amounting to ₹500 crore.The price band for the Allied Blenders IPO is set at ₹267 to ₹281 per share. ICICI Securities Limited, Nuvama Wealth Management Limited, and Iti Capital Ltd are the book-running lead managers for the IPO, with Link Intime India Private Ltd serving as the registrar for the issue.Vraj Iron and Steel IPO will open for subscription on June 26 and close on June 28.

Willie Nelson are concerned that he may not participate in the 'Outlaw Music Festival'. The 91-year-old country music icon said on Instagram that he isn't feeling well and that his doctors have advised him to take it easy for the next four days. According to 'Metro', Willie Nelson will not be attending this weekend's Outlaw Music Festival, instead, Lukas Nelson and the Family Band, along with a few guests will perform. They'll play a unique set that features additional songs in addition to some of Willie's most well-known hits. Willie expects to resume the festival tour the following week and anticipates a speedy recovery. Fans express concerns

In the SME segment, a total of seven issues will open for subscription next week.

₹193-203 per share and a lot size of 73 shares, the ₹418.01 crore worth IPO combined a fresh issue of 1.6 crore shares, aggregating ₹325 crore, and an offer-for-sale (OFS) of 46 lakh shares, aggregating ₹93.01 crore.DEE Piping Systems IPO's latest GMP (grey market premium) is ₹88. Considering the price band of ₹203, the IPO's estimated listing price is ₹291, a premium of 43.35 per cent.The DEE Piping Systems IPO was fully subscribed on Day 1, and at the end of Day 2, the overall subscription was over 9 times.

₹537.02 crore, comprising a fresh issue and an offer-for-sale.The Bengaluru-based furniture maker raised over ₹161.10 crore from anchor investors on Thursday ahead of its initial public offering.Stanley Lifestyles is a super-premium and luxury furniture brand in India involved in manufacturing and retail operations.Experts point out that in FY23, it was the fourth-largest revenue-generating player in the home furniture segment in India.Stanley Lifestyles is among the first few Indian companies in the super-premium and luxury furniture segment and one of the few Indian companies present across various price points, such as super-premium, luxury and ultra-luxury segments, through its various brands.Here are ten key points about Stanley Lifestyles and its IPO:A book-built issue of ₹537.02 crores, Stanley Lifestyles IPO combines a fresh issue and an offer-for-sale (OFS) by its promoters and shareholders. It comprises a fresh issue of ₹200 crore and an OFS of 91,33,454 shares, aggregating to ₹337.02 crore.The promoter-selling shareholders under the OFS are Sunil Suresh and Shubha Sunil, who will offload up to 11.82 lakh shares each.

₹10.54 crore. The offering consists entirely of a fresh issue of 31 lakh shares.

Vodafone Idea (Vi) Friday said it has completed minimum rollout obligations for commencing 5G services in its 17 circles, for which the company had acquired spectrum in August, 2022. The companies buying spectrum in an auction need to roll out network and offer services to a certain level to meet the minimum standards. Vi’s bigger rivals Reliance Jio and Bharti Airtel has far exceeded the minimum requirements as both the telcos have almost completed their pan-India 5G rollout. But loss-making Vi is yet to announce its 5G roll out plans, due its strained cash position.

China's yuan dipped to a fresh seven-month low against the dollar on Friday, hurt by portfolio outflows from mainland financial markets and speculation the central bank is gradually allowing the currency to weaken. By 0245 GMT, the yuan was just off a November low of 7.2613, having fallen from 7.2575 earlier in the day. At the lows, it was a mere 7 pips away from the weak side of the band in which the People's Bank of China manages the currency.

Accenture had a few positive elements such as strong bookings growth and acceleration in growth rates. Shares of Persistent Systems was the top gainer as it rallied over 4% to day's high of Rs 4,065 on BSE. Other IT stocks like Coforge, LTIMindtree, Infosys, TCS and LTTS were also trading around 2% higher during the day. As a result, the Nifty IT index was also trading around 2% higher.

₹418.01 crore worth IPO is a combination of fresh issue of 1.6 crore equity shares aggregating to ₹325 crore and offer for sale (OFS) component of 46 lakh shares aggregating to ₹93.01 crore.DEE Development IPO price band has been set at ₹193 to ₹203 per share. The IPO lot size is 73 shares.

₹161.10 crore. Stanley Lifestyles IPO has established a price band of ₹351 to ₹369 per equity share with a face value of ₹2.

Indian stock market: The domestic benchmark equity indices, Sensex and Nifty 50, closed Thursday's session higher despite encountering volatility throughout the trading day. The 30-share BSE Sensex concluded the session with a gain of 141.34 points, or 0.18 per cent, closing at the level of 77,478.93. Meanwhile, the Nifty 50 finished at 23,567.00, up by 51.00 points, or 0.22 per cent.“Nifty index opened positive and remained choppy in a range of 180 points throughout the day.

Wifi penetration in India continues to lag behind despite several efforts by the government and telecom operators, a top official of the Department of Science and Technology said on Thursday. While speaking at a Broadband India Forum (BIF) event on World Wifi day, the Department of Science and Technology (DST) Secretary Abhay Karandikar said the absence of an ubiquitous backend telecom infrastructure is restricting the growth of wifi penetration in India despite advancement in the technology and availability of spectrum. «Wifi is a key to providing affordable connectivity and in India we still continue to lag behind in public wifi penetration in a significant manner despite several efforts made by the government and the operators,» he said.

Also Read- Allied Blenders and Distillers IPO: Price band fixed at ₹267-281 apiece; check issue details, key dates, moreThe United Cotfab IPO's book running lead manager is Beeline Capital Advisors Pvt Ltd, and the issue's registrar is Purva Sharegistry India Pvt Ltd. Hence investors can check their allotment status on the website of Purva Sharegistry India Pvt Ltd They can also check allotment status on the BSE website .

₹114 to ₹120 per share. At the upper-end of the price band, the company plans to raise ₹132 crore from the issue which is entirely a fresh issue of 1.1 crore share.The NBFC intends to utilise the fresh issue proceeds for augmenting its capital base.Akme Fintrade India IPO lot size is 125 shares and the minimum investment amount required by retail investors is ₹15,000.

Also Read- Divine Power Energy IPO price band fixed at ₹36-40:check issue size, key dates On Monday, June 24, 2024, the allocation for the Falcon Technoprojects India IPO is anticipated to be completed. The Falcon Technoprojects India IPO listing is scheduled to happen on Wednesday, June 26, 2024, whereby the Falcon shares will be listed on NSE SME.The price of each share in the Falcon Technoprojects India initial public offering (IPO) is fixed at ₹92.