Booking Financial News

BSE SME with a tentative listing date fixed on December 27. Also Read: India Shelter IPO allotment declared: Latest GMP, how to check status online. Share listing expected tomorrow The company plans to raise ₹31.25 crore from the IPO which is a combination of fresh issue of 26.88 lakh equity shares aggregating to ₹18.82 crore and an offer for sale (OFS) of 17.76 lakh shares aggregating to ₹12.43 crore.

SRF Ltd. traded 0.58 per cent down at Rs 2421.55 on Tuesday at around 12:07PM (IST), while the benchmark BSE Sensex advanced 94.02 points to 71409.11. As many as 4,166 shares changed hands on the counter with a total value of Rs 1.01 crore.

ZURICH (Reuters) -Cevian Capital has taken a 1.3% stake in UBS, worth around 1.2 billion euros ($1.31 billion), the activist investor group said on Tuesday.

loans increasing from 15% to 25% in the past decade. The dynamic regulatory environment poses manageable challenges, and new product offerings are expected to shape the business mix. While the RBI's directives on unsecured consumer credit may impact capital, the sector remains resilient, with an anticipated 14% growth in the next two years. NBFC AUM is projected to grow by 16-18% in FY24 and 14-17% in FY25 and cross the INR32t mark by Mar’25. Unsecured loans are expected to constitute 12-14% of the NBFC AUM, with a growth rate ranging from 14-17%, reflecting a slight moderation due to recent regulatory interventions. The performance of NBFCs remains robust, characterized by a higher PCR for stage 2 and stage 3, low leverage, and a strategic readiness for broad-based growth. The NBFC sector is witnessing a notable diversification, with 55% of companies exploring new product segments. Co-lending partnerships are expected to grow, and NBFCs are actively seeking funding diversification through bonds and securitization. The retail consumption book is a significant contributor and retail demand in secured and unsecured segments has strengthened, with an increased market share. Asset quality appears robust and is anticipated to remain fundamentally strong as signs of stress are limited and there are declining trends in Stage 2 loans. Profitability is expected to remain steady, backed by stable credit costs and operating expense ratios, indicating a positive outlook for the financial performance of NBFCs. Spandana Sphoorty: LTP Rs 1052| Target Rs 1200 The new management has successfully navigated various disruptions and consequent asset quality stress. We estimate Spandana to deliver FY26 RoA/RoE of 4.4%/17%, aided

Dunki Advance Booking: Shah Rukh Khan’s next movie Dunki, directed by Rajkumar Hirani, has witnessed a spectacular start with its advance bookings. For Day 1, it has signalled a strong performance at the Indian Box Office. The movie will be released on December 21.

₹277 to ₹291 per equity share of the face value of ₹10. Muthoot Microfin Limited raised ₹284.99 crore from anchor investors on Friday, December 15. Muthoot IPO lot size is 51 equity shares and in multiples of 51 equity shares thereafter.

₹960 crores and is a combination of fresh issue of 2.61 crore shares aggregating to ₹760 crores and offer for sale of 0.69 crore shares aggregating to ₹200 crores. On day 1, Muthoot Microfin IPO's retail investors portion was subscribed 1.38 times, NII portion was subscribed 61%, and QIB portion is yet to be booked. Employee portion has been booked 1.24 times.

BSE. With strong subscription being led by interest from both retail and institutional investors , the Grey Market Premium or GMP also jumped. 'Grey market premium' indicates investors' readiness to pay more than the issue price".

NBCC (India) Ltd is targeting to reach Rs 25,000 crore revenue in the next five years from Rs 11,000 crore in the current financial year, KP Mahadevaswamy, CMD, NBCC told ET. The company also aims to increase annual profit to Rs 5,000 crore in five years from Rs 400 crore currently by focusing on real estate development and redeveloping land that are not utilised by other PSUs. “Covid impacted the overall performance of NBCC but we are back on track and have a healthy pipeline of projects. We have an order book of Rs 55,000 crore and we plan to take orders worth Rs 15,000-20,000 crore every year.

With the Bank of Japan being the last major central bank decision left for this year and the last important macro releases of the year to come this week, the USD/JPY is the featured currency pair of the week.

₹52 to ₹55 per equity share of the face value of ₹10.Motisons Jewellers IPO comprises a fresh issue of shares of up to 2,74,71,000 equity shares of face value of ₹10 each, as per Red Herring Prospectus (RHP).Motisons Jewellers Limited sells jewellery crafted from gold, diamonds, and kundans in addition to other jewellery items made of metals like pearl, silver, platinum, and other alloys.Motisons Jewellers IPO comprises a fresh issue of shares of up to 2,74,71,000 equity shares of face value of ₹10 each, as per Red Herring Prospectus (RHP).The company intends to use the net proceeds of the fresh offering to finance the following goals: meeting the company's working capital needs; general corporate purposes; and repaying the company's outstanding loans from scheduled commercial banks.The registrar of the Motisons Jewellers IPO is Link Intime India Private Ltd, and the book running lead manager of the offering is Holani Consultants Private Limited.Motisons IPO GMP today or Motisons IPO grey market premium is +109, similar to the previous session. This indicates Motisons Jewellers share price were trading at a premium of ₹109 in the grey market, according to investorgain.com.Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Motisons Jewellers share price was indicated at ₹164 apiece, which is 198.18% higher than the IPO price of ₹55.Based on last 16 sessions grey market activities, today IPO GMP points upward and expects a strong listing.

Muthoot Microfin IPO's retail investors' portion was subscribed 1.38 times, the NII portion was subscribed 61%, and the QIB portion is yet to be booked. The employee portion has been booked 1.24 times. Muthoot Microfin IPO price band has been fixed in the range of ₹277 to ₹291 per equity share of the face value of ₹10.

₹3,100 crore from the primary market. In addition to these, three small and medium enterprise (SME) IPOs will also be available for subscription, presenting investors with compelling investment opportunities in the market. Also Read: DOMS IPO allotment declared: GMP, how to check status as focus shifts to listing date Here are key details about the IPOs open today: The IPO of real estate construction company, Suraj Estate Developers, opened for public subscription on December 18 and will close on Wednesday, December 20.

Sailesh Raj Bhan, CIO, Nippon India Mutual Fund, says today with growth being back, PSU banks have the capital and capacity to lend which is not available or it is very tough to find in other pockets of the market, This is one space where valuations still are way reasonable. Most of them are one-time books and their ROEs have all started to improve and are now materially higher. So, some level of re-rating in this category does seem probable and certainly a better risk reward space within the available options today.” There was a time when PSU banks were bailed out. The government had to infuse capital because they were on the verge of an existential crisis. BOI has raised money via QIP route and J&K Bank has hit the market. So, the cycle has turned for PSU banks and these stocks are still trading way below their private sector counterparts. Do you think for PSU banks what started as a spark could ultimately be a very good rally for 2024 and beyond also? In public sector banks, the growth is still not there and it is likely to come in the next two or three years because the whole investment lending which will likely to happen and that growth is certainly going to be rewarded by markets because earlier the bigger issue was the banks have constraint for capital and we are not growing and hence any level of valuation was unjustified in the context of the market.

Motisons Jewellers IPO was fully subscribed on its first day within a few minutes of opening, led by retail and non-institutional investors (NIIs). Motisons IPO has been booked 15.02 times at the end of day 1.

global market cues. The trends on Gift Nifty also indicate a muted start for the Indian benchmark index. The Gift Nifty was trading around 21,465.00 level as compared to the Nifty futures’ previous close of 21,466.00.

What do Steve Jobs and Leonardo da Vinci have in common? Both found inspiration at unnatural intersections. Da Vinci, the quintessential Renaissance man, seamlessly blended art, science and technology to develop a body of work ranging from the iconic Mona Lisa to anatomical sketches and early designs of helicopters. In a similar vein, Jobs’ passion for calligraphy, nurtured during his time at Reed College, influenced Apple’s typographic design.

Day trading guide for today: After logging gains for seventh week in a row, Indian stock market ended lower on Monday. Nifty 50 index finished 38 points down at 21,418 levels, BSE Sensex corrected 168 points and closed at 71,315 mark while Bank Nifty corrected 275 points and finished at 47,867 levels. In broad market, small-cap index gained 0.48 per cent while mid-cap index added 0.28 per cent.

Australian financial services firm Macquarie is looking to enter the credit space in India by launching a non-banking financial company (NBFC) as part of an electric vehicle (EV) platform it is planning to set up in the country. The NBFC will help commercial fleet operators avail credit and address a major gap in India’s EV ambitions, two people aware of the matter said. Macquarie will soon apply for a licence with the Reserve Bank of India (RBI), the two people said.

Catch Live Market Updates here Investors await the decision of Bank of Japan policy meeting wherein members are likely to debate whether economic conditions are falling into place for the bank to begin unwinding ultra-loose monetary settings. None of the economists polled by Reuters expect the central bank to end its negative interest rate policy on Tuesday with most projecting such an action to happen next year. Meanwhile, the domestic equity indices ended lower on Monday as investors seem to book profits after markets set a new high last week.

1) Happy Forgings IPO Dates: Happy Forgings IPO opens for subscription on Tuesday, December 19, and will close on Thursday, December 21. The IPO allotment is expected to be finalized on December 22.