Band Financial News

5G spectrum auction — the telecom sector’s most watched event — starts May 20. But analysts expect muted demand as Reliance Jio, Bharti Airtel and Vodafone Idea (Vi) have adequate 5G airwave holdings and since 5G penetration remains low in absence of any consumer-centric use cases for the masses.

₹180.17 crore from anchor investors on March 11, a day before the Kerala-based company's IPO will open for subscription. In an exchange filing to the exchanges on Monday, the company disclosed the allocation of 61,07,325 equity shares to anchor investors at a price of ₹295 per equity share.

spectrum regulatory sandbox allowing entities including educational institutions, telcos and network manufacturers to test their equipment by paying a notional amount and doing registration. As per Communications Minister Ashwini Vaishnaw, through the sandbox, the Department of Telecommunications (DoT) will be giving easy permissions to test new equipment that requires use of spectrum. “Let’s say, a college design a new equipment which requires spectrum to be used for testing. Instead of coming to DoT for a license and a number of license conditions and a series of other requirements, can we create a very simple construct in which the college simply logs in through a portal and everything that needs to be done is done by paying a token amount of Rs 1000,” Vaishnaw said.

₹16,600 crore, as telecom firms are likely to bid for airwaves to bolster capacity in certain bands or circles, analysts said. They would also be keen on renewing spectrum where it's expiring, resulting in demand in the 800, 900, 1800 and 2300 MHz bands. Analysts expect Bharti Airtel to lead the spending with purchases worth $0.5-1.5 billion, with limited participation by Vodafone Idea, which has spectrum renewals in just two circles, and Reliance Jio, that may look to add spectrum in some bands.

Pune E-Stock Broking was subscribed 39 times so far on Monday, the second day of the bidding process, driven by strong retail and NII interest, whose categories were subscribed 61 times and 31 times, respectively. The IPO is entirely a fresh equity issue of 46.06 lakh shares and through the issue, the company aims to raise Rs 38 crore.

₹91 to ₹96 apiece of face value of ₹10 each. Enfuse Solutions IPO will open for subscription on Friday, March 15, and close on Tuesday, March 19.

₹475 on January 4, 2024, ITC experienced a significant decline of approximately 75 points, which represents a decline of approximately 16 per cent. However, in the subsequent 18 trading sessions, the stock showed stability by avoiding further declines and instead consolidated within a range of ₹400-416. In the previous trading session, a notable buying interest was observed at lower levels, accompanied by substantial trading volume.

IPO) of namkeen maker Gopal Snacks has been getting steady responses from investors on Monday, the third day of the bidding process with an overall subscription of 2.6 times. The issue received over 3 crore consolidated share bids around this time against 1.19 crore shares on offer. The retail portion was booked the most at 5.48 times, followed by non-institutional investors' at 4.14 times.

₹680 to ₹715 per equity share of the face value of ₹10. The Krystal Integrated Services IPO date of subscription is scheduled for Thursday, March 14, and will close on Monday, March 18.

Gopal Snacks IPO: Subscription for the initial public offering (IPO) of Gopal Namkeen Limited opened on 6th March 2024 and will remain open till 11th March 2024. This means that bidding for Gopal Snacks IPO is going to end today and investors have just one day in hand to apply for the public issue. The FMCG company has fixed the Gopal Snacks IPO price band at ₹381 to ₹401 per equity share.

Popular Vehicles & Services IPO: Popular Vehicles & Services is all set to hit the primary market with its initial public offerings (IPO) on Tuesday, March 12. The public issue will remain for subscribers till 14th March 2024 i.e.

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SME IPOs: A gateway to emerging market opportunities The upcoming week, investors will have the opportunity to subscribe to two mainboard IPOs, namely Popular Vehicles and Krystal Integrated. Additionally, six SME IPOs will also be open for subscription, including Pratham EPC and Signoria Creation. Popular Vehicles & Services IPO opens for subscription on March 12, 2024 and closes on March 14, 2024.

Popular Vehicles IPO: The initial public offering (IPO) of Popular Vehicles & Services Limited is going to hit the Indian primary market on 12th March 2024 i.e. on Tuesday next week. The public issue will remain for subscribers till 14th March 2024 i.e.

Popular Vehicles and Krystal Integrated are the two mainboard IPOs that will open for subscription next week, while the four SME IPOs are Pratham EPC, Signoria Creation,

On the allotment date, investors get to know about the number of shares allotted to them as against the bids made.

The Nifty closed at 22,494 on 7th March with a gain of 115 points on a weekly basis.

Here's how you can check the status on NSE:

Bigg Boss OTT 2 winner and YouTuber Elvish Yadav has been booked for allegedly thrashing and threatening another YouTuber - Sagar Thakur aka Maxtern, police said. The incident took place in Gurugram, where Elvish Yadav and his followers allegedly assaulted the victim. A video of the incident was also shared by the victim on social media.

HASHTAG FITNESS Home Gym Set This home gym equipment set from HASHTAG FITNESS is everything you need for a complete workout at home. With a total weight of 30kg, including 5kg x 4 dumbbells and 2.5kg x 4 weights, it's perfect for strength training. The package also includes a sturdy 5ft straight bar with a user weight capacity of 100kg, a 3ft curl bar, 2 dumbbell rods, hand grippers, gloves, a wooden skipping rope, and 4 spring locks for safety.

Bitcoin started the first half of this week with positive momentum, but faced a quick selling pressure as it tried to break through the previous record high of $69K.