Band Financial News

₹78 to ₹82. Investors can bid for a minimum of 1600 shares and in multiples thereof.

₹329 to ₹346 per equity share of face value of ₹2. Blue Jet Healthcare IPO has reserved not more than 50% of the shares in the public issue for Qualified Institutional Buyers (QIB), not less than 15% for Non Institutional Investors (NII), and not less than 35% of the offer is reserved for Retail Investors. On day 2, Blue Jet IPO retail investors portion was subscribed 1.37 times, NII portion was subscribed 2.84 times, and Qualified Institutional Buyers (QIB) portion were booked just by 9%.

Mamaearth IPO: Price band of the initial public offering of Mamaearth parent Honasa Consumer has been declared at ₹308 to ₹324 per equity share. Whether investors would make money out of this public issue or not, will be known after listing of share only. The public issue is set to hit primary market on 31st October 2023.

On day 1, Blue Jet Healthcare IPO was subscribed 69%, where the retail investors portion was subscribed 78%, NII portion was subscribed 1.37 times, and Qualified Institutional Buyers (QIB) portion was booked 1%. Blue Jet Healthcare IPO price band has been fixed in the range of ₹329 to ₹346 per equity share of face value of ₹2. Blue Jet Healthcare IPO has reserved not more than 50% of the shares in the public issue for Qualified Institutional Buyers (QIB), not less than 15% for Non Institutional Investors (NII), and not less than 35% of the offer is reserved for Retail Investors.

share buyback price is pre-decided by the company. For every share tendered, investors benefit. In the open market option the company buys back shares from the open market over an extended period.

Multibagger IPO: The initial public offering of Cellecor Gadgets Limited was launched in September 2023 at a price band of ₹87 to ₹92 per equity share. Bidding for the IPO was open from 15th September 2023 to 20th september 2023. The public issue was proposed for listing on NSE SME Emerge platform.

₹477.25 per share, 5.49% lower than the issue price of ₹505, and on the BSE, IRM Energy share price was listed at ₹479 per share. IRM Energy IPO opened for subscription on Wednesday, October 18, and closed on Friday, October 20.

The IPO includes fresh issuance of shares worth up to Rs 365 crore and an offer for sale (OFS) of about 4.12 crore shares. Honasa promoter Varun Alagh will sell 3,186,300 shares while his wife Ghazal Alagh will sell up to 100,000 shares in IPO. Other shareholders who would be selling stake in the OFS include Kunal Bahl, Shilpa Shetty Kundra, Rishabh Harsh Mariwala, Fireside Ventures Fund, Sofina, Stellaris and Rohit Kumar Bansal. The bid lot size has been fixed at 46 shares per lot, which implies that the minimum bid lot amount in the retail category would be Rs 14,904. About 10% of the issue size has been reserved for retail investors, 15% has been allocated to the HNIs while the remaining 75% is reserved for qualified institutional buyers (QIB). Honasa employees will get a discount of Rs 30 per share as well as a reservation of equity shares worth up to Rs 10 crore. The stock will get listed on both NSE and BSE on November 10 while the finalisation of the basis of allotment is likely to be done by November 7. Book-running lead managers for the IPO include Kotak Mahindra Capital, Citigroup, JM Financial and JP Morgan. Net proceeds from the IPO would be spent on advertisement expenses towards enhancing the awareness and visibility of brands, capital expenditure for setting up new EBOs, to set up new salons under its subsidiary Bhabani Blunt Hairdressing, general corporate purposes and unidentified inorganic acquisition.

IRM Energy IPO: Listing date of initial public offering (IPO) of IRM Energy Limited has been fixed on 26th October 2023 i.e. today. As per the information available on BSE website, "...effective from Thursday, October 26, 2023, the equity shares of IRM Energy Limited shall be listed and admitted to dealings on the Exchange in the list of 'B' Group of Securities." IRM Energy shares will list in special pre-open session on NSE and BSE and IRM Energy share price will become available for trade from 10:00 AM during Thursday deals.

MBA Rankings 2024, an annual suite of rankings identifying the world's top study destinations for aspiring business leaders. IIM Bangalore (ranked 48) is on top of the India list, edging out last year's top ranked IIM Ahmedabad, which takes 53rd spot this year, followed by IIM Calcutta and ISB at 59th and 78th positions, respectively. Last year, the same four institutes were in the top 100 with IIM Ahmedabad on top of the Indian leaderboard at rank 44, followed by IIM Bangalore (rank-50), IIM Calcutta (rank-68) and ISB (rank-78). A total of 11 Indian institutes — compared to nine last year — figure in the global MBA rankings by higher education analyst Quacquarelli Symond.

Bank of India reported last week. China has seen an even steeper fall as the country turns inward. In a recent blog co-authored by Gill and M.

A company official says more than 100 miners have escaped from a gold mine in South Africa after being held underground for three days by fellow employees in a union dispute

₹329 to ₹346 per equity share of face value of ₹2. Blue Jet Healthcare IPO has reserved not more than 50% of the shares in the public issue for Qualified Institutional Buyers (QIB), not less than 15% for Non Institutional Investors (NII), and not less than 35% of the offer is reserved for Retail Investors. On day 1, Blue Jet IPO retail investors portion was subscribed 78%, NII portion was subscribed 1.37 times, and Qualified Institutional Buyers (QIB) portion were booked just by 1%.

BSE, as the company has switched to T+3 listing norm. Also Read: IRM Energy IPO allotment finalised: Check latest GMP, here's how to check allotment status IRM Energy IPO opened for subscription on Wednesday, October 18, and closed on Friday, October 20.

₹617 to ₹648 per equity share of face value of ₹5. The floor price is 123.40 times the face value of the equity shares and the cap price is 129.60 times the face value of the equity shares.

Arvind and Company IPO listing date: Arvind and Company Shipping shares made a stellar debut on NSE SME today. On NSE SME, Arvind and Company Shipping share price today was listed at ₹80 per share, 77.77% higher than the issue price of ₹45.

Paytm founder and CEO Vijay Shekhar Sharma has shared fruitful advice for those who are facing the problem of slow loading of messaging on WhatsApp. On the X platform, Sharma wrote, "If lately your WhatsApp is working very slow and takes time to load search results or super legged in opening sharing, etc, I have a solution". Sharma advised disconnecting the web linked to the desktop.

Frances Bean Cobain, daughter of Kurt Cobain and Courtney Love, recently exchanged vows with Riley Hawk, a skateboarder and the son of Tony Hawk. The private ceremony took place in Los Angeles on October 7, and to make the day even more special, Michael Stipe, lead singer of R.E.M.

Angelo Bruschini, a prominent figure in the famed band Massive Attack, has passed away after a valiant struggle against lung cancer, the group has solemnly confirmed. With an outpouring of grief and fond reminiscences, both his bandmates and his circle of family and friends have paid heartfelt tributes to the departed artist. Taking to their official platform X, Massive Attack shared a poignant tribute: «A singularly brilliant & eccentric talent. Impossible to quantify your contribution to the Massive Attack canon.

anchor investors, ahead of its initial public offering (IPO). The company has allotted 72.85 lakh equity shares to 22 funds at Rs 346 apiece, which is also the upper end of the price band, according to a circular uploaded on BSE's website late night on Monday. Government Pension Fund Global, BNP Paribas Arbitrage, Societe Generale, Integrated Core Strategies (Asia) Pte Ltd, Aditya Birla Sun Life Insurance Company, ICICI Prudential Mutual Fund (MF), HDFC MF, Nippon India MF, Edelweiss MF and Bandhan MF are among the anchor investors.

₹252.08 crore through an anchor book process on Monday, October 23. Blue Jet Healthcare IPO will open on Wednesday, October 25, and close on Friday, October 27.