Booking Financial News

₹50.77 crore worth Cellecor Gadgets IPO will close for bidders on September 20. It is an SME IPO and the shares of Cellecor Gadgets Ltd are proposed to be listed on NSE SME exchange. Cellecor Gadgets IPO was fully subscribed on the first day itself.

Jupiter Life Line Hospitals debuted at a premium of 31% on the exchanges on Monday, in line with expectations. Post the listing, the shares rallied further to Rs 1087, up 47% over the IPO price. The IPO was well-received by investors, with the issue being subscribed 64.8 times, leading to healthy listing gains. The company is a well-established multi-speciality healthcare provider in the western region of India, and it is planning to expand its operations in the future. Analysts said investors who participated in the IPO can book profits. «We advise investors to book profits now, while those who want to hold it for long term, may maintain a stop loss at around Rs 875,» said Anubhuti Mishra, Equity Research Analyst at Swastika Investmart. The hospital began as a single hospital in Thane in 2007 and has been operating for over 15 years as a corporate quaternary care healthcare service provider in the western regions of India.

Special Parliament Session which started on September 18 and will continue for five days.Eight Bills Listed by Government for Special Parliament Session:

IPO subscription status: Samhi Hotels IPO has been subscribed 1.02 times on day 3, so far. Samhi Hotels IPO has opened for subscription on Thursday, September 14, and will close today (Monday, September 18). Samhi IPO's retail investors portion was subscribed 83%, NII portion was subscribed 27%, and Qualified Institutional Buyers (QIB) portion was subscribed 1.47 times.

₹15.43 crore from the maiden public offer that comprises a fresh issue of 7 lakh equity shares aggregating to ₹9.80 crore and an offer for sale (OFS) of 4.02 lakh equity shares aggregating to ₹5.63 crore. Master Components IPO price band has been fixed at ₹140 per share. The face value of each share is ₹10 apiece.

Cuscal Limited, the end-to-end payments outfit owned by MasterCard, Bendigo and Adelaide Bank and most of the big credit unions, is busy scheduling investor meetings ahead of its mooted ASX float.

Rohan Verma, CEO & MD, MapmyIndia, says “the Mappls app is totally free. We of course have a healthy B2B and B2B2C business to automotive OEMs, corporates, government, tech players, etc. Overall, the company’s in a strong financial position and we are able to offer a free solution that gives to consumers what they want and it complements our paid solutions business.”I have been speaking to some common friends who are big investors in your company. They are of the view that MapMyIndia is at a multi-year cusp of exponential growth. What has changed in the last six months that markets are deriving this kind of confidence?Probably we are a new type of company; we are a deep tech product and platforms digital map-based company and it probably took a little bit of time for both the markets to understand as well as for us to explain what are the different use cases and growth vectors for the company.

TulipInfratech will invest Rs 280 crore to develop 350,000 sq ft of residential space, part of phase 2 of its project Tulip Monsella at Gurgaon’s Golf Course road. The Gurgaon-based developer purchased the property on Golf Course Road from PNB Housing Finance Ltd, which had taken over the 19-acre land in 2020 after its borrower Vipul Ltd defaulted on repayment of a Rs 412-crore loan taken for the project. The overall project spans over 20 acres on Golf Course Road, sector 53 and is estimated to be valued at more than Rs 5000 crore. “Phase 2 will have about 112 unit and we expect to sell it within days of launch,” said Parveen Jain, Chairman of Tulip Infratech Pvt Limited. Phase-I of Tulip Monsella is ahead of schedule. Overall the company will invest Rs 3,000 crore to resurrect this dormant project in Gurgaon to create around six million square feet of residential and commercial space. As per the agreement, Tulip will pay PNB’s debt of close to Rs 350 crore along with interest.

₹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.

₹775.00 crore worth Yatra Online IPO will close 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. In the public issue, the company has reserved not less than 75% of the shares for Qualified Institutional Buyers (QIB), 15% for Non Institutional Investors (NII), and 10% of the offer is reserved for Retail Investors.

IPO subscription status: Zaggle Prepaid IPO has been subscribed 1.18 times on day 3, so far. Zaggle Prepaid IPO has opened for subscription on Thursday, September 14, and will close today (Monday, September 18). Zaggle IPO's retail investors portion was subscribed 3.48 times, NII portion was subscribed 1.76 times, and Qualified Institutional Buyers (QIB) was subcribed 9%.

«You add another 5-6% because there are a lot of large companies which are not part of the Nifty, which are recent listing of last two-three years. So, I would still say 65% of the total market cap is still either in line or slightly below long period average,» says Gautam Duggad, Motilal Oswal.How much of this market cap is right now trading below the average and how much of the market cap is above the average? So, if you look at it this way, I mean, for a simplicity purpose, just use Nifty 50 as a benchmark for your large cap. And I said Nifty is in line with its long period average, maybe 4% or 5% lower than long period average and Nifty is roughly 60% of India's market cap. You add another 5-6% because there are a lot of large companies which are not part of the Nifty, which are recent listing of last two-three years. So, I would still say 65% of the total market cap is still either in line or slightly below long period average.

interest rate is predetermined and is based on how long you choose to keep the deposit. The returns on an FD are fixed when the account is opened, unlike market-led investments, where returns change over time. You will continue to earn the interest set at the beginning even if interest rates decline after you open a fixed deposit. The interest rate and type of deposit you select will determine our return on an FD. You can choose between receiving interest payments on a monthly or quarterly basis or reinvesting them to take advantage of compounding. Also read: Should FD investors wait or book their FDs now as RBI holds repo rate? Here are top banks are their highest and lowest rate offered to senior and general citizens for tenure ranging from 7 days to 10 years.

Stock market today: Jupiter Hospital share price listed on BSE at ₹960 apiece levels whereas it opened on NSE at ₹973 per share levels, delivering over 32 per cent listing gain to the lucky allottees. However, Jupiter Hospital shares extended its gain further deep and went on to hit four-digit figure within few minites of listing in special pre-open session during Monday deals.

Dollar Index (DXY) crossed the 105 mark on Monday against the basket of six top currencies and was down by 0.07%. On Comex, gold futures were trading at $1,949 per troy ounce on Monday, up by $3.30 or 0.17% while silver futures were at $23.455, lower by $0.069 or 0.30%. The Street awaits the Federal Reserve’s policy outcome on Wednesday. The October Gold futures had ended with gains of Rs 411 or 0.70% per 10 gram at Rs 58,999 on Friday while the December Silver futures closed lower at Rs 72,165, down by Rs 1,183 per kg or 1.673%. Amit Khare Associate Vice President at Ganganagar Commodity Limited (GCL) Broking said that bullion is looking good on the daily charts and was making bottom and trading near demand zone which was suggested even by the momentum indicator RSI. His advice to traders is to make fresh buy positions in gold and silver futures near the given support level of Rs 58,800-58,600 with the stop loss at the support levels while booking profit near the resistance levels of Rs 59,100-59,200. Analyst Neha Qureshi, who is Senior Technical & Derivative Analyst at Anand Rathi Commodities & Currencies added that the gold (October) appeared to be shaping a W-pattern breakout on the daily chart with the neckline at the Rs 59,670 level. This pattern suggests a potential bullish trend in the market, she said, adding that gold is currently trading above its 50-day and 100-day Exponential Moving Averages (EMA), indicating positive momentum. She sees key resistance levels at Rs 59,300-59,670 while important support levels at approximately Rs 58,670-58,275. Gold futures are down 0.64% or by Rs 381 on the month-to-date basis while they have gained 7.23% or by Rs 3,976 on the year-to-date basis, Anuj Gupta, Head Commodity &

The cybersecurity system break-ins this month of casino giants MGM Resorts International and Caesars Entertainment shatter a public perception that casino security requires an “Oceans 11”-level effort to defeat it

Firetrail’s Oscar Hutchinson will be striding around the investment manager’s Sydney offices with an extra spring in his step.

Nifty could touch 20,600 if it manages to breach the 20,400 level. Analysts, however, said upsides would be tougher to come after the recent run-up and crucial support is at 19,900.

Small Industries Development Bank of India (Sidbi), which refinances SME loans, plans to float a Rs 10,000-crore rights issue next fiscal to expand its equity capital as it expects to grow assets to Rs 5 lakh crore by March 2024 from about Rs 4 lakh crore in March 2023, a top official has said. The central government owns 20.8 per cent in Sidbi, while State Bank of India holds 15.65 per cent and Life Insurance Corporation 13.33 per cent. The rest of the equity is held by other public financial institutions and banks.

CreditAccess Grameen Ltd is seeking to diversify its asset base by increasing the share of its non-microfinance book through housing, unsecured business and gold loans. After being elevated as chief executive officer in August, Ganesh Narayanan is looking to raise the share of non-microfinance loans from the current 1% to 12-14% in 4-5 years. The lender will also look to increase its share in housing loans by adopting a co-lending model to tie up with banks.

Meryl Gordon, a renowned author and award-winning journalist, has made headlines recently for her candid remarks about CNN host Anderson Cooper's upcoming book, «Astor: The Rise and Fall of an American Fortune.» In a revealing interview on Doug Brunt's podcast, «Dedicated with Doug Brunt,» Gordon expressed her disappointment in Cooper's work, accusing him of relying heavily on her previous writings about Brooke Astor without contributing substantially to the narrative.