Booking Financial News

On the allotment date, investors come to know about the number of shares allotted to them as against the bids made. They can check the allotment status through the BSE or by visiting the registrar's website.

EMS shares debuted with a strong premium of over 30% on Thursday. The stock is trading at Rs 280.7 apiece, up 33% over the issue price of Rs 211. The listing was in-line with expectations, mainly driven by strong fundamentals and good subscription figures. Analysts said investors may hold the stock for the long term as the company has robust cash flows with no bad debts.

US Federal Reserve also weighed on crude prices. Around 3 pm the November contract of Brent on the Intercontinental Exchange was trading at $92.60 a barrel, down 0.99% from its previous close. The November contract of West Texas Intermediate (WTI) fell to $88.79 a barrel, down 0.97% from its previous close.

₹200 per equity share of face value of ₹10 each. Organic Recycling IPO lot size is 600 equity shares and in multiples of 600 equity shares thereafter. The issue price is 20 times of the face value of the equity shares.

IPO subscription status, GMP today and other key details Master Components IPO has been subscribed 7.86 times so far on Thursday, the third and the last day of the bidding process. The public issue received bids for 82.21 lakh equity shares as compared to 10.46 lakh shares on the offer till 3:45 pm. The Master Components IPO has received 9.45 times subscription in the retail category and 5.86 times in the Non-Institutional Investors’ (NII) category so far.

Royal Enfield Rental will be accessible in cities such as Ahmedabad, Mumbai, Gujarat, Maharashtra, Chandigarh, Dharamshala, Leh, Manali, Haridwar, and Rishikesh. Additionally, the manufacturer will extend its motorcycle rental services to Udaipur, Jaipur, Jaisalmer, Goa, Kochi, Bhubaneswar, Thiruvananthapuram, Visakhapatnam, Delhi, Chennai, Bengaluru, Hyderabad, Shimla, Nainital, Bir Billing, Siliguri, and Dehradun. The company says that it intends to include more cities to this roster as part of its expansion plans.

₹52.80 crore worth Hi-Green Carbon IPO comprises a fresh issue of 59.9 lakh equity shares aggregating to ₹44.93 crore and an offer for sale (OFS) of 10.5 lakh shares aggregating to ₹7.88 crore. Also Read: Mangalam Alloys IPO: GMP, subscription status, review, other details in 10 points Hi-Green Carbon IPO price band is fixed at ₹71 to ₹75 per share. The IPO lot size is 1,600 shares and the minimum investment amount required by retail investors is ₹120,000.

₹66 to ₹70 per equity share of face value of ₹10 each. Madhusudan Masala IPO lot size is 2,000 equity shares and in multiples of 2,000 equity shares thereafter. Madhusudan Masala IPO, which is worth ₹23.80 crores, is completely a fresh issue of 3,400,000 equity share; there is no offer for sale (OFS) component.

Mangalam Alloys IPO Dates: Mangalam Alloys IPO opened for subscription today, on September 21 and will close on September 25. Mangalam Alloys IPO Allotment: The company will finalise the basis of IPO allotment on September 29 and initiate refunds on October 3, while credit the shares in the demat accounts of eligible allottees on October 4. Mangalam Alloys IPO Listing Date: Mangalam Alloys shares are proposed to be listed on NSE SME with tentative listing date on October 5.

Also Read: Sai Silks Kalamandir IPO: Sai Silks IPO subscribed 7% on day 1; retail portion booked 12% Sai Silks IPO comprises a fresh issuance of ₹600 crore worth of shares and an offer for sale (OFS) of up to 2.70 crore equity shares by promoter and promter group. The company intends to use the net proceeds from the offering to finance capital expenditures for the establishment of 30 additional stores and two warehouses, as well as for working capital needs, debt repayment, and general corporate purposes. Motilal Oswal Investment Advisors Ltd, HDFC Bank Ltd, Nuvama Wealth Management Ltd are the book running lead managers to the offer.

«We are not close to signing anything at this point in time but there is an evaluation process underway at this point in time. We will probably have more updates once the quarter is over and we are able to share the results,» says Rajan Sethuraman, CEO, Latentview Analytics.Help us understand what are the demand trends that you are seeing across your segments, your technology, industrials as well as financials?On the demand front, we see that it is still a little slow, especially in the financial services sector and in retail. Industrials, there is a little bit of action.

Stock market today: EMS share price today listed on BSE and NSE at a stronf premium despite Indian stock market extending its slide on third day in a row. EMS share price today opened on BSE at ₹281.55 apiece levels whereas it opened on NSE at ₹282.05 apiece levels, delivering over 33 per cent listing gain to the lucky allottees against the EMS IPO price band of ₹200 to ₹211 per equity share.

Stock market today: Key benchmark indices extended its slide for third straight session during morning deals on Thursday. BSE Sensex today opened lower at 66,608 and went on to hit intraday low of 66,219 levels, logging near 0.87 per cent dip during Thursday deals.

Gold rate today: Despite rate pause decision in US Fed's meeting on Wednesday, gold price today is under sell off pressure. Gold future contract for October 2023 expiry on Multi Commodity Exchange (MCX), opened lower at ₹59,315 per 10 gm levels and went on to hit intraday low of ₹59,004 levels within few minutes of commodity market's opening bell today.

HDFC Bank share price extended decline for the third straight session on Thursday amid heavy selling in the banking heavyweight. HDFC Bank shares fell as much as 1.65% to ₹1,538.05 apiece on the BSE. HDFC Bank stock has lost more than 7% this week so far.

OpenAI in Manhattan federal court on behalf of prominent writers including John Grisham, Jonathan UFranzen, George Saunders, Jodi Picoult and «Game of Thrones» novelist George RR Martin, accusing the company of unlawfully training its popular artificial-intelligence based chatbot ChatGPT on their work. The proposed class-action lawsuit filed late on Tuesday by the Authors Guild joins several others from writers, source-code owners and visual artists against generative AI providers. In addition to Microsoft-backed OpenAI, similar lawsuits are pending against Meta Platforms and Stability AI over the data used to train their AI systems.

Anand Tandon, Independent Analyst, says “if one has to be in two-wheelers, again, the premiumisation is definitely a longer-term theme. But that said, again, the number of new players that have come in and the new vehicles that are being launched will automatically put a kind of a spoke in the wheel, as it were. It will be a while before the market shares etc. settle down there. Broadly, I am not very bullish on that sector.”Let us begin by discussing the auto sector because of late it has been doing quite alright for itself. Bajaj Auto management told us how demand has seen a solid pickup from the months of July-August onwards. They are saying demand is fairly broad-based across rural as well as urban India. But within the two-wheeler space itself, what would you go for? Would you go for the mass themes like TVS, Bajaj, Hero or is the premiumisation play at Royal Enfield?I would not go for two-wheelers in the first place. I think the valuations for most of these companies are 50-60% higher than they were at a time when they were doing very well a few years ago compared to what they are doing today where they are still struggling to achieve growth and where the competition has actually doubled up quite considerably because of technological changes.

₹280 to ₹300 per equity share of face value of ₹10. Updater Services IPO floor price is 28 times the face value of the equity shares and the cap price is 30 times the face value of the equity shares.

GST portal >> Go to ‘Report ITC Reversal Opening Balance’ 2)Go to ‘Services’ from the homepage >> Go to ‘Ledger’ >> Click on ‘Electronic Credit Reversal and Re-claimed Statement’ >> Click on ‘Report ITC Reversal Opening Balance’ Archit Gupta listed five essential measures that will help taxpayers manage ITC reversals and reclaim better -A thorough reconciliation is to be done from April 2022 till date to determine ITC claimed, reversed, reclaimed, ineligible ITC, and pending reclaims and arrive at the opening balance for the ITC reversal statement. -A separate ledger is to be created in the books of accounts, if not practiced earlier, for all ITC reversals and reclaims going forward.

Buy or sell stocks for today: Following mixed global cues, Indian stock market ended lower for second straight session on Wednesday. Nifty 50 index went down 231 points and ended at 19,901 levels, BSE Sensex corrected 796 points and ended at 66,800 levels whereas Nifty Bank index nosedived 595 points and finished at 45,384 mark.

Adani Green Energy: Adani Green Energy Ltd, which is planning to raise $1.5 billion, may secure a big chunk of it from French energy giant TotalEnergies SE, two people aware of the matter said. The Gautam Adani-led group’s renewables firm will use $750 million of this amount to repay bonds. “Adani Green has got an approval to raise $1.5 billion this fiscal for capex and debt repayment.