Booking Financial News

₹40 per share and the public offer is entirely a fresh issue of 28.50 lakh equity shares. Holmarc Opto-Mechatronics Ltd plans to raise ₹11.40 crore from the public offer. The company will finalise the IPO share allotment on September 25 and refunds are expected to be initiated on September 26, while credit of shares in the demat accounts of eligible allottees may take place on September 27.

₹27.52 crore. Kody Technolab IPO price band has been fixed at ₹160 per share. The IPO lot size is 800 shares and the minimum investment amount required for retail investors is ₹128,000.

Also Read: Sai Silks Kalamandir IPO opens today: GMP, review, other key details. Should you subscribe? 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.

Winnie the Pooh" she found it so full of innocent, childish whimsy that she—in her own moment of whimsical spelling—“fwowed up". For the reader, life offers few purer pleasures than a very good, very bad review. For the writer, life offers few purer pains.

Kuku FM on Wednesday said it has raised $25 million in a Series C funding round co-led by the Nandan Nilekani-founded Fundamentum Partnership and International Finance Corporation. Temasek-backed Vertex Ventures, which closed its fifth fund at $541 million last week, also participated in the funding, as per a statement.

Neelkanth Mishra, Chief Economist, Axis Bank; Head of Global Research, Axis Capital, says coming to “investment themes, I am observing that because everyone wants to invest in defence and railways, there is a very steady rise in price-to-earnings multiples without an appropriate visibility on what is happening with their own order books. Will they be able to participate in this? Will they be able to compete in this? Even on something like electronics, there is a very good probability that India's electronics ecosystem will continue to grow.”Capex seems to be focused around infrastructure development. Road has been a resounding success. Now it is tilting towards defence and railways. While the shift is happening, equity markets have been mighty excited. We know about the rally in defence, railway and shipbuilding stocks. What is the right way of understanding these government commitments towards shipbuilding, road, defence, railways? Can you connect the equity market outlook?The central government can control these sectors directly. National highways, railways, defence are central subjects and this is where the central government can play a big role. On the road side, it is unreasonable to expect that if you are already doing 15,000-16,000 km a year, you will be able to do much more than 18,000-20,000 km a year. So incremental growth in terms of the pace of construction at the national highway level may not really accelerate from here.

Nifty Bank index today opened at 45,493.70 and went on to hit an intraday low of 45,310.05 and an intraday high of 45,745.15. At 1.40 pm, Bank Nifty was 624.60 points or 1.36% down at 45360.65. The Bank Nifty Index, launched in 2000, contains twelve banking stocks that trade on the National Stock Exchange (NSE).

Mark Zuckerberg on Wednesday said India is leading the world on how people and businesses have embraced messaging as a better way to get things done, as the social media giant unveiled a slew of new tools aimed at supercharging businesses using WhatsApp. Announcing the line-up of key offerings for WhatsApp, Zuckerberg said the company has continued to innovate with its messaging formats, group chats and broadcast channels. «India, (is) a country that's at the forefront of a lot of what we're going to talk about today. You're (India is) leading the world in terms of how people and businesses have embraced messaging as the better way to get things done.» Zuckerberg said during a virtual address at Conversations event in Mumbai.

BL Kashyap rallied over 6% to Rs 57 in Wednesday's trade on BSE after the company secured a new order aggregating to approximately Rs 167 crore, from the Delhi International Airport. The order is for the construction of structural works and other finishing works and is to be executed in 18 months. The company's total order book, as of now, stands at Rs 3,005 crore, excluding GST. Earlier in July, the firm had secured a Rs 369 crore order from DLF Home Developers. In June, it also secured an order aggregating Rs 147 crore from Nzuri Pune Knowledge Park Private Limited. At 11.02 a.m., the scrip was trading 1% higher at Rs 55.

In their new book “Astor,” CNN Journalist Anderson Cooper and Katherine Howe trace the storied Astor family's legacy from its inception, when John Jacob Astor emigrated from Germany and established himself in the beaver fur trade, a bloody and highly c...

Cellecor Gadgets IPO: The initial public offering of Cellecor Gadgets Limited opened for subscription on 15thn September 2023 and it will remain open for bidders till 20th September 2023. So, Cellecor Gadgets IPO subscription is going to end today and hence investors have just few hours in hand to apply for this Sunil Singhania-backed SME issue. Sunil Singhania-owned Abakkus Asset Manager is an investment manager of India Ahead Venture Trust, which is one of the anchor investors of the public offer.

₹775.00 crore worth Yatra Online IPO opened for subscription on September 15 and will close today, on Wednesday, September 20. Yatra Online is India’s one of the largest corporate travel service providers and offers integrated travel solutions to corporate clients as well as direct consumers. The company has reserved 75% of the shares in the IPO for Qualified Institutional Buyers (QIB), 15% for Non Institutional Investors (NII), and 10% for Retail Investors.

Mutual Fund said that investing in multi-asset funds brings diversification, helps manage market cycles, and aims to beat inflation. She suggested that investors consider multi-asset funds as a lower-risk, tax-efficient allocation that beats inflation and participates in equity compounding. Aparna Karnik, SVP, DSP Mutual Fund is the fund manager for DSP's Multi-asset Fund, Value Fund, and Quant Fund.

Cochin Shipyard (CSL) shares are trading at a 13% discount from their 52-week high on the NSE and have been on a declining curve over the past six trading sessions. Yet, the momentum is not lost and the stock could gain up to 30% from current levels, as momentum remains intact on the technical charts, suggest analysts. Cochin Shipyard shares hit their 52-week high of Rs 1258.50 on September 8 and since then they have seen corrections in six successive trading sessions on the closing price basis as investors have looked to book profits after a big rally in an otherwise buoyant stock markets. Multibagger Cochin Shipyard’s past one-year journey reveals a 170% uptick in the stock price which is nearly 12-fold over the returns given by Nifty50 during this period.

₹1,180 per share, 14% higher than the issue price of ₹1,035, and on the BSE, RR Kabel share price was listed at ₹1,179 per share. RR Kabel IPO opened for subscription on Wednesday, September 13, and closed on Friday, September 15. RR Kabel price band was fixed in the range between ₹983 to ₹1,035 per equity share of face value of ₹5 each.

Signature Global IPO: The initial public offering (IPO) of Signature Global Limited has opened today and the public issue will remain open for bidding till 22nd September 2023. The company has fixed Signature Global IPO price band at ₹366 to ₹38366 to ₹385.5 per equity share and it aims to raise ₹730 crore from this public offer. Out of these ₹730 crores, ₹603 crore is aimed from fresh issues whereas the rest ₹127 crore is fixed for OFS route (offer for sale).

₹360.30 crore from 26 anchor investors at the upper price band of ₹222 per equity share on Monday, September 18, according to company's exchange filing. Sai Silks IPO allocated 16,229,707 equity shares to 26 anchor investors and garnered ₹360.30 crore at the upper price band of ₹222 per equity share with a face value of ₹2 per share. The anchor book included well-known investors like Whiteoak Capital, Abakkus, Citigroup Global, SBI MF, ICICI Prudential MF, HDFC MF, Kotak MF, HSBC MF, Aditya Birla Sunlife MF, and UTI MF.

Stock market today: RR Kabel shares listed at better-then-expected premium of 14 per cent against the issue price of ₹983 to ₹1,035 per equity share. RR Kabel share price opened on BSE at ₹1,179 apiece levels whereas on NSE, it listed at ₹1,180 apiece levels.

If an individual wants to pay various types of income taxes like self-assessment tax, advance tax, etc then he/she needs to fill up challan 280 – the form for depositing these taxes with the government. However, there are two ways to fill up and pay income tax using challan 280, i.e., online and offline.

HDFC Bank with a target price of Rs 2000. The current market price of HDFC Bank is Rs 1568.9. HDFC Bank, incorporated in the year 1994, is a banking company (having a market cap of Rs 1227907.75 Crore). HDFC Bank key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest and Interest On Balances with RBI and Other Inter-Bank Funds for the year ending 31-Mar-2023.Financials For the quarter ended 30-06-2023, the company has reported a Consolidated Total Income of Rs 61021.29 Crore, up 6.76 % from last quarter Total Income of Rs 57158.84 Crore and up 38.05 % from last year same quarter Total Income of Rs 44202.32 Crore.

multibaggers in a year, Nifty PSU Bank is now on the verge of a 13-year breakout that can take the index to fresh all-time peaks. As compared to Monday's closing level of 5,217, Nifty PSU Bank is just 3% away from the closing peak of 5,375.8 touched in November 2010. The recent rally in the barometer has pushed the 14-day RSI above 70. The index is also trading above all its moving averages. «A pullback seems likely in overly stretched stocks like PNB, Bank of India, IOB and Central Bank while Canara Bank, Bank of Baroda, Union Bank and Indian Bank are poised to attract buying interest,» Anand James of Geojit Financial said. In the last one year, 8 government-owned banks have more than doubled investor wealth.