Band Financial News
19.06 / 12:07
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Manufacturing
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band
Durlax Top Surface IPO booked over 5 times on day 1; check latest GMP, subscription status, more
₹65 to ₹68 per equity share, having a face value of ₹10.The firm manufactures solid surface materials, which are distributed throughout India via a large distribution network of distributors and direct clients, as well as exported to countries such as Dubai, Bahrain, Greece, and Nepal. The firm operates under two names, LUXOR and ASPIRON, which provide a wide variety of solid surfaces.
19.06 / 10:45
markets
UPS
IPO
Research
band
reports
GEM Enviro Management IPO subscribed 5.86 times so far on Day 1; check GMP and other details
₹44.93 crore SME IPO is open for subscription between June 19 and June 21 with a price band in the range of ₹71-75.The issue is a combination of a fresh issue of 14.98 lakh shares aggregating to ₹11.23 crore and an offer for sale of 44.93 lakh shares aggregating to ₹33.70 crore.The company plans to utilise the net issue proceeds to meet working capital requirements and for general corporate purposes.Sachin Sharma, Sangeeta Pareekh, Dinesh Pareekh, Sarthak Agarwal, and BLP Equity Research Private Limited are the promoters of GEM Enviro Management Ltd. The promoter shareholding in the company will come down to 73.44 percent after the IPO from 100 percent currently.The minimum lot size for an application is 1,600 Shares.
19.06 / 10:45
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UPS
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Enterprise
Divinity
band
Divine Power Energy IPO price band fixed at ₹36-40: check issue size, key dates and other details
₹36-40. The Issue opens for subscription on Tuesday 25 June 2024 The Small and Medium Enterprises (SME) IPO that opens on 25 June'2024, will be available for subscription for investors till 27 June 2024. Opening day for Anchor Book is Monday, June 24.' 2024.On Friday, June 28, 2024, the allotment for the Divine Power IPO is anticipated to be completed.
19.06 / 08:49
19.06 / 08:01
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IPO
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Manufacturing
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DEE Development Engineers IPO booked 94% so far on Day 1; retail, NII fully subscribed. Check GMP, subscription status
Also Read: Dee Development Engineers IPO: GMP, review, subscription status, other details. Apply or not?The engineering company, Dee Development IPO price band has been fixed in the range of ₹193 to ₹203 per equity share of the face value of ₹10.
19.06 / 08:01
markets
UPS
IPO
Manufacturing
Strategy
band
Diversity
Petro Carbon and Chemicals IPO to open on June 25; price band fixed at ₹162-171 apiece
₹162 to ₹171 per equity share, with a face value of ₹10 each. The Petro Carbon and Chemicals IPO will begin subscriptions on Tuesday, June 25, and end on Thursday, June 27. The floor price is 16.2 times of the face value and the cap price is 17.1 times of the face value of the equity shares.
19.06 / 04:53
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IPO
trends
Trade
band
track
Akme Fintrade IPO opens. Should you subscribe to the issue?
Akme Fintrade's Rs 132 crore initial public offer (IPO) opened for subscription on Wednesday. The issue, which closes on June 21, is completely a fresh equity sale of 1.1 crore shares. The funds are being raised primarily to augment its capital base. As per RBI norms, the minimum capital adequacy for an NBFC should be 15%.
19.06 / 03:53
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IPO
Booking
community
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Features
Akme Fintrade IPO opens today: Check latest GMP, subscription status, key dates, more. Apply or not?
₹38 crore from anchor investors on Tuesday, June 18. The anchor book featured Sigma Global Fund, Zeal Global Opportunities Fund, SB Opportunities Fund 1, and Vikasa India EIF Fund 1, as per company's exchange filing.
19.06 / 03:53
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IPO
Booking
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band
performer
recommendations
Dee Development Engineers IPO: GMP, review, other details. Apply or not?
Dee Development Engineers IPO: The initial public offering of Dee Development Engineers Limited opened today. The public issue will remain open for bidders until 21st June 2024, which means the Dee Development Engineers IPO subscription will remain open from Wednesday to Friday this week.
19.06 / 03:53
markets
Manufacturing
security
Parke
band
Indus
reports
Stocks to watch: Indus Towers, HUDCO, Birla Cables, Vikram Solar, Midhani
State Bank of India: SBI has initiated discussions with market participants to raise around ₹10,000 crore ($1.20 billion) through infrastructure bonds.Indus Towers: Vodafone Group Plc will sell a 9.94% stake in Indus Towers through a bulk deal at a price range of ₹310- ₹341 per share. The sale, which is slated to open on Wednesday, is managed by Morgan Stanley, BofA Securities, Jefferies, and BNP Paribas.Housing and Urban Development Corporation: HUDCO has raised $200 million (JPY 30 billion) in its first venture into the syndicated loan market.
18.06 / 17:11
IPO
Booking
band
cover
Akme Fintrade IPO: NBFC garners ₹38 crore from anchor investors ahead of public issue
₹38 crore from anchor investors, just a day before its initial public offering (IPO) opens for public subscription. According to the regulatory filing, Sigma Global Fund, Zeal Global Opportunities Fund, SB Opportunities Fund 1, and Vikasa India EIF Fund 1 participated the anchor book round.Also read: Akme Fintrade IPO: From latest GMP to lot size, here are key things to knowThe Udaipur-based company allotted 31.35 lakh equity shares to anchor investors at ₹120 each, totaling ₹37.62 crore.“The Board of Directors of the Company at their respective meetings held on June 18.
18.06 / 17:11
UPS
IPO
Booking
SUN
Manufacturing
band
DEE Development Engineers IPO: Engineering firm raises ₹125 crore from anchor investors ahead of public issue
₹125 crore from anchor investors ahead of the launch of its initial public offering (IPO) on Wednesday, June 19.According to the exchange filing, the engineering company allocated 61,62,777 equity shares to anchor investors at the allocation price of ₹203 per share.Also read: Dee Development Engineers IPO: Price band set at ₹193-203 per share; check issue details, key dates, more"The Board of Directors of the Company at their meeting held on Tuesday, June 18, 2024, in consultation with the Book Running Lead Managers to the Offer, has finalized allocation of 61,62,777 Equity Shares, to Anchor Investors at Anchor Investor allocation price of Rs. 203 per Equity Share," the company said.HDFC Mutual Fund, Kotak Mahindra Trustee, Aditya Birla Sun Life Trustee, LIC MF Large, SBI General Insurance, Morgan Stanely Asia were among the marquee companies who participated the anchor book round.Out of the allocation of 61,62,777 equity shares to the Anchor Investors, 26,61,210 Equity Shares (i.e.
18.06 / 17:11
UPS
economy
community
band
inclusion
innovations
Infosys offers up to ₹8 lakh to employees to relocate to Karnataka's Hubballi. Here's why
₹25,000. This will be followed by an additional ₹25,000 every six months for the next two years, culminating in a total of ₹1.25 lakh after 24 months.However, for Infosys employees at higher bands than 3 (4 through 7), the relocation allowance can go up to ₹8 lakh, inclusive of the initial relocation allowance, by the end of the same period.This initiative aims to draw employees from the Mumbai-Karnataka region to consider opportunities in Hubballi.It also allows the employees to continue working on their current projects from Hubballi, thereby optimising the use of the facility’s modern infrastructure and reducing operational costs.Lauding the initiative, Karnataka Minister MB Patil, said in a post on X: “Hubballi Set for Growth: Infosys Spurs Local Growth with Incentives.
18.06 / 11:13
markets
UPS
IPO
Manufacturing
Experts
band
Shivalic Power Control IPO to open on June 24; price band set at ₹95-100 apiece
₹95 and ₹100 per equity share, having a face value of ₹10 each. The Shivalic Power Control IPO will open for subscription on Monday, June 24, and close on Wednesday, June 26.
17.06 / 20:17
CEO
Entertainment
Instagram
love
band
Scooter Braun says he’s no longer a music manager, will focus on Hybe duties and his children
Scooter Braun, one of the most recognizable names in the music business known for representing artists like Justin Bieber and Ariana Grande, will no longer work as a music manager
17.06 / 08:47
markets
IPO
Booking
Platform
Trade
Experts
band
Falcon Technoprojects India IPO opens on Wednesday. GMP, price, other details of upcoming IPO in 10 points
Falcon Technoprojects India IPO: The initial public offering (IPO) of Falcon Technoprojects India Limited will hit the Indian primary market on 19th June 2024, i.e. on Wednesday this week.
17.06 / 08:07
UPS
IPO
Manufacturing
Platform
band
reports
Durlax Top Surface to raise Rs 40.80 cr via IPO, price fixes at Rs 65-68 per share
Durlax Top Surface plans to raise around Rs 40.80 crore through its initial public offer which will open for subscription on June 19, a statement said on Monday. The company, which has been involved in the business of solid surface for over a decade, has received approval to launch its public issue on the NSE Emerge Platform of the National Stock Exchange, Durlax Top Surface said in the statement. The company has fixed the price band at Rs 65-68 per share for the issue of 60 lakh shares which will open for subscription from June 19 to June 21, it added.
17.06 / 07:57
markets
IPO
Booking
Platform
Sustainability
Experts
band
Durlax Top Surface IPO: What GMP signals as SME IPO opens this week?
Durlax Top Surface IPO: The initial public offering (IPO) of Durlax Top Surface Limited is going to hit the Indian primary market on 19th June 2024, i.e. on Wednesday this week.
17.06 / 07:57
markets
IPO
Digital
band
cover
Akme Fintrade IPO: From latest GMP to lot size, here are key things to know
₹132 crore initial public offering (IPO) on D-Street next week, with the subscription period running from June 19 to June 21. The company has set the price band for the issue at ₹114-120 per share.Also, the anchor investor bidding date had been set for Tuesday, June 18.Issue size: Akme Fintrade IPO is completely comprised a fresh issue of 1.1 crore shares.
17.06 / 03:55
markets
IPO
Booking
Trade
band
Updates
International
Medicamen Organics IPO price band set at ₹32 - 34 per share; check GMP, other key details of SME IPO
₹10 crore from the IPO and has announced the price band and other details of the IPO.Medicamen Organics IPO price band has been set at ₹32 to ₹34 per share. At the upper-end of the price band the Medicamen Organics IPO size is ₹10.54 crore, consisting of a fresh issue of 31 lakh equity shares.The IPO lot size is 4,000 shares and the minimum investment amount required by retail investors is ₹136,000.Medicamen Organics IPO is an SME IPO which opens for subscription on Friday, June 21, and closes on Tuesday, June 25.
17.06 / 03:51
markets
IPO
Provident
Booking
Trade
band
reports
DEE Development Engineers to Stanley Lifestyles: ₹1087 crore at stake; GMP, other details of three upcoming IPOs
Upcoming IPOs this week: Three mainboard initial public offerings (IPOs) — DEE Development Engineers IPO, Stanley Lifestyles IPO, and Akme Fintrade India IPO — will hit the Indian primary market this week. Out of these three upcoming IPOs, DEE Development Engineers IPO will be the first to hit the Indian primary market this week. DEE Development Engineers IPO will open on 19th June 2024, Stanley Lifestyles IPO subscription will open on 21st June 2024, and bidding for Akme Fintrade India IPO will begin on 19th June 2024.
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