Booking Financial News

₹308.88-crore Vishnu Prakash IPO has received strong response from investors within hours of the bidding process opening. Vishnu Prakash IPO price band has been at ₹94 to ₹99 per equity share and the IPO subscription period will end on August 28, 2023. Let us take a look at Vishnu Prakash IPO subscription status so far: Vishnu Prakash R Punglia IPO has been subscribed 2.48 times so far on Thursday, the first day of the bidding process.

public offering (IPO) in the next month to raise Rs 300-320 crore. Also, the company said it has completed the pre-IPO placement round and raised Rs 33.76 crore through it, leading to a reduction in fresh issue size in the upcoming maiden public issue. In the pre-IPO placement round, the Ghaziabad-based firm issued 16 lakh equity shares at an issue price of Rs 211 apiece, the company said in a statement. Accordingly, the size of the fresh issue has been reduced to Rs 146.24 crore from Rs 180 crore planned earlier.

Axis Bank has joined hands with Cleartrip, a Flipkart company partner, to provide travel benefits to all existing and new Axis Bank credit card holders booking flight tickets through Cleartrip. In a statement, Axis Bank said this collaboration will offer customers an array of privileges for domestic flight bookings, including discounts in booking seats up to Rs 1200, free meals up to Rs 500, exemption from convenience fees, and the choice to cancel and reschedule flights for a mere Re. 1 under CT FlexMax.

Enforcement Directorate has arrested Chattisgarh Police ASI Chandrabhushan Verma along with Hawala operators Anil and Sunil Damani under the provisions of the Prevention of Money Laundering Act, 2002. The arrests were part of the central agency's ongoing probe in the Mahadev Online Book APP case and the accused have been sent into 6 days of ED custody.

Reliance Industries (RIL) share price dipped about half a per cent in morning trade on BSE on Thursday, a day after the company announced Qatar Investment Authority (QIA), through a wholly-owned subsidiary, will invest ₹8,278 crore into Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Limited. This investment, the company said values RRVL at a pre-money equity value of ₹8.278 lakh crore. QIA’s investment will translate into a 0.99 per cent stake in RRVL on a fully diluted basis, RRVL said on Wednesday.

Media and entertainment company Shemaroo Entertainment Ltd has announced the appointment of Manisha Dey as head of the devotional and music category. Dey comes with over 25 years in the media and entertainment industry, and has led content and partnerships at audio streaming service Gaana where she helped launch music and entertainment flagship properties such as ‘Gaana Originals’ and ‘Gaana Film Exclusives.’ Prior to Gaana, Dey has led content portfolios at music labels including Saregama-HMV, Tips Music & Films, Music-Today, Milestone-EMI and so on and served as national content head-VAS (value added services) role at IDEA cellular.

historic day for India. The country’s Chandrayaan-3 landed on the lunar south pole. We say this is a historic day for a few reasons.

Vivek Ramaswamy, an unexpected presence just a few months ago – a tech entrepreneur and newcomer to the political arena. Despite trailing behind Trump in the polls, Ramaswamy has steadily risen in recent surveys, securing his position alongside DeSantis at the center stage. His adeptness in leveraging video-ready communication and delivering a well-crafted message became evident as he shared his narrative of humble beginnings, underscoring his parents' immigrant journey and his subsequent founding of billion-dollar enterprises. A notable highlight from the debate was Ramaswamy's bold pledge to grant Trump a pardon if given the opportunity. Expressing his conviction, Ramaswamy unreservedly labeled President Trump as the standout leader of the 21st century.

Donald Trump is to surrender on racketeering charges at a Georgia jail on Thursday, setting the stage for a fourth criminal trial next year as he campaigns to recapture the White House. The 77-year-old former president will be arrested at Atlanta's notorious Fulton County Jail, accused of conspiring with 18 co-defendants to try to overturn the 2020 election result in the key southern state. The booking of the billionaire real estate tycoon, which may feature a mugshot for the first time, comes just hours after he spurned a primary debate featuring eight of his rivals for the 2024 Republican presidential nomination.Trump may have been absent from the stage of the televised debate in Milwaukee, Wisconsin, but he still stole the spotlight and was the focus of questions posed to the candidates seeking to be the Republican standard-bearer next year. Asked if they would support Trump as the party's nominee even if he were convicted in one of the four criminal cases he is facing, every candidate raised their hand except former Arkansas governor Asa Hutchinson and former New Jersey governor Chris Christie. Instead of the debate, Trump opted for an interview with Tucker Carlson, a conservative former Fox News talk show host. During the rambling pre-recorded interview, which aired on X, formerly known as Twitter, at the same time as the debate, Trump said it did not make sense for him to take part while he was leading his rivals by «50 to 60 points» in the polls. «Do I sit there for an hour or two hours, whatever it's going to be, and get harassed by people that shouldn't even be running for president?» he said. Trump dismissed the four criminal indictments filed against him as «nonsense» and said the Justice Department had been

Chandrayaan-3 landing: After successful landing of Chandrayaan-3 on south pole of moon, India has become fourth country in the world to achieve this feat after Russia, US and China. While it is a matter of pride for the entire nation, it has opened some avenue for revenue in future as well. According to experts, Chandrayaan-3 soft landing on moon is quite cheaper in comparison to other countries and it is going to enhance Indian contribution in global space market from around 3 per cent to the tune of 10 per cent in next decade.

macroeconomic events influencing the secondary markets, the primary market seems to be still witnessing some excellent listings, subscription status in both main board and SME IPOs. Investors and traders are paying close attention to the primary markets as well apart global events such as Jackson Hole Economic Symposium on Friday, which would provide clues about the future path of interest rates. There are two mainboard issues this week, Vishnu Prakash IPO, which will open for subscription today, and the Aeroflex Industries IPO, which started for subscription on Tuesday, August 22.

The company has fixed a price band of Rs 94-99 per share and investors can bid for a minimum of 150 shares in one lot and in multiples thereafter. Analysts recommended investors to subscribe to the issue as the company has a healthy order book and industry tailwinds are expected to aid its profitability in the coming years. «On the valuation front, we believe the company is fairly priced. We recommend a „subscribe–long term“ rating to the IPO,» said Anand Rathi. Vishnu Prakash R Punglia is a construction company that is primarily engaged in infrastructure projects for the central and state governments.

₹94 to ₹99 per equity share and book build issue has made debut in grey market as well. According to market observers, shares of Vishnu Prakash R Punglia Limited are available at a premium of ₹65 per equity share in grey market today. 1] Vishnu Prakash IPO GMP today: According to market observers, Vishnu Prakash IPO grey market premium (GMP) today is ₹65.

Market expert Mahantesh Sabarad says: “Along with credit growth, one has to be a little careful because the banks have actually reached the bottom of the NPA cycle. NPA will start reviving. But to my mind whenever banks grow strongly, when it comes to credit growth, much of the evils linked to NPA worries or NPAs are forgotten because suddenly a high amount of credit growth adds to the book value for any bank.”What are the pockets of undervaluation right now in the markets? Any opportunities that you are scouting or spotting right now?Actually healthcare and particularly on the hospital side, while the existing listed companies are tending to be a little overvalued, immense growth potential exists and that growth is coming from private equity to large hospital operators situated abroad to even certain local hospital networks.

₹2.5 lakh (ex-showroom), the new e-scooter is the most expensive to be sold in India. Bookings for the TVS X will begin at midnight on 24 August, while deliveries are expected to start in November. The TVS X is based on the company's Xleton platform which is claimed to be over 2.5 times stiffer than the normal scooters.

₹351 crore worth Aeroflex Industries IPO comprises a fresh issue of equity shares up to ₹162 crore and an offer-for-sale (OFS) of up to 1.75 crore equity shares by the promoters selling shareholders and promoter group. Aeroflex Industries IPO price band has been fixed at ₹102 to ₹108 per equity share. Bids can be made for a minimum of 130 equity shares and in multiples of 130 equity shares thereafter.

Logistics group Qube warns that volumes of imported container goods are falling and growth will weaken this financial year after saying income earned from handling cars, grain and commodities helped lift annual net profit 32 per cent to $167.9 million in the year just ended.

Goldman Sachs has initiated coverage on six information technology companies with ‘buy’ ratings on LTIMindtree, Tata Consultancy Services (TCS) and Infosys. The brokerage has rated a ‘sell’ on Tech Mahindra and Wipro, while a ‘neutral’ on HCL Technologies. Goldman said while India’s IT sector is trading at premium valuations compared to its last 10-year average and almost in line with the five-year average, higher valuations are warranted as growth in technology spending will continueLTIMINDTREE Rating: Buy | Price Target: Rs 6,310 CMP: Rs 5,173.2 | Upside/Downside: 22%

Kazutaka Yonekura dreams of a world where everyone will have their very own digital “clone,” an online avatar that's updated in real time with information about a person's tastes and habits

Judo Bank said its margins will shrink as cheap funding rolls off, but expects lending to small businesses to grow after delivering a full-year net profit eight times higher than a year earlier.

Barrenjoey’s equities desk was late on Wednesday looking for buyers for some $112 million in Magellan Financial shares being offloaded by the fund manager’s co-founder, Chris Mackay.