IPO Financial News

Reliance Industries (RIL) share price traded lacklustre in early trade on BSE on Tuesday, a day after the company held its 46th Annual General Meeting (AGM) to present the business blueprint for the next decade. The stock opened at ₹2,447 against the previous close of ₹2,442.55 but slipped over half a per cent to ₹2,424 soon. The stock traded 0.40 per cent lower at ₹2,432.75 around 9:20 am.

₹470.25 crore in Fiscal 2022 to ₹569.54 crore in Fiscal 2023, primarily driven by increase in revenue from sale of goods and from sale of services, whereas profit grew to ₹49.69 crore in Fiscal 2023, as compared to ₹49.65 crore in Fiscal 2022. Also Read: Mono Pharmacare IPO opens today. GMP, price, review, other details in 10 points There are no comparable listed firms in India or overseas that conduct business in a manner similar to that of the company, according to the RHP of the company.

Aeroflex Industries IPO: After robust response by investors in all categories, both market observers and investors are eagerly waiting for the Aeroflex Industries IPO allotment date, which is most likely on 29th August 2023 i.e. today. As finalisation of share allocation can be announced any time today, those who have applied for the book build issue are advised to check Aeroflex Industries IPO allotment status online by logging in at the BSE website or at the website of the registrar of this public issue.

platform dedicated to small and medium enterprises (SMEs) is currently witnessing a flood of public offerings on surging demand from rich individual domestic investors with the risk appetite for such small issuances. So far, in 2023, 100 SME firms have raised a record ₹2,600 crore of funds from the SME board, breaking the previous record of ₹2,287 crore raised in 2018 by 141 firms. By contrast, 19 companies have raised around ₹14,500 crore on the main board.

Rishabh Instruments, a maker of a wide range of electrical measurement instruments and process optimisation equipment, plans to raise ₹491 crore from an initial public offer. It comprises a fresh issue of ₹75 crore that would be used for capacity expansion at its Nashik facility and an offer of sale of ₹415 crore from promoters and investors. The promoter holding would drop to 70.6% post-IPO from 80.67%.

Vishnu Prakash R Punglia, an engineering, procurement and construction company, was subscribed 87.8 times on the final day of bidding, Monday. The issue received bids of 192.55 crore shares against the offered 2.19 crore equity shares. The qualified institutional buyer portion was subscribed 172 times, while the non-institutional investors portion was bided 111 times.

By Arriana McLymore

Will IPOs Be Back In 2023? MINT Detangle Explains ...

₹185 per equity share of face value of ₹10 each. Bids can be made for a minimum of 600 equity shares and in multiples of 600 equity shares thereafter. C P S Shapers SME IPO's issue price is 18.5 times of the face value of the equity shares, according to Red herring prospectus (RHP).

IPO listing date has been fixed for Thursday, August 31 on NSE and BSE. If you applied for the shares, here's how you can check allotment status of Aeroflex IPO. Also Read: Mono Pharmacare IPO opens today.

IPO listing date has been fixed for Thursday, August 31 on NSE SME. If you applied for the shares, here's how you can check allotment status of Sungarner Energies IPO. If you have applied for the Sungarner Energies Limited IPO, you can check your Sungarner Energies IPO allotment status immediately on the website of the IPO registrar, Skyline Financial Services Private Ltd.

Reliance’s annual general meeting was held virtual... moreReliance’s annual general meeting was held virtually on Monday, August 28.

Nifty snapped their two-day losing run on Monday on gains in select heavyweights, including HDFC Bank, Larsen & Toubro and Mahindra & Mahindra amid largely positive global cues after China announced steps to give a boost to its market. China cut the stamp duty on stock trading by fifty per cent, starting Monday. Besides, it also said it will slow the pace of initial public offerings (IPOs).

Reliance Industries Limited (RIL) Chairman Mukesh Ambani, stated that Reliance had created 2.6 lakh new employment in the previous year. Reliance's consolidated revenues were ₹9,74,864 crore, and Mukesh Ambani expressed his joy at yet another year of outstanding overall performance. In FY23, Reliance's EBITDA was ₹1,53,920 crore, and its net profit was ₹73,670 crore.

Vishnu Prakash R Punglia continued to see a robust response from investors across categories on the third and final day of the book-building process on Monday. The issue was subscribed 33.46 times so far. The non-institutional portion was subscribed the most at 72.4 times, followed by retail investors at Rs 24.69 times and qualified institutional buyers at 20.67 times. According to market sources, the company's shares are commanding a premium of Rs 54 in the unlisted market. Analysts recommended investors to subscribe to the issue as the company has a healthy order book and industry tailwinds are expected to benefit in profitability in the coming years. Vishnu Prakash R Punglia is a construction company that is primarily engaged in infrastructure projects for the central and state governments.

Reliance Industries Limited (RIL) on Monday held its 46th Annual General Meeting (AGM) for its shareholders. This AGM comes just weeks after the listing of Jio Financial Services on India's stock exchanges.

Elon Musk to be an adviser in his administration if he gets elected as the US president next year. He made these remarks on Friday at a town hall in Iowa when he was asked about whom he would want as advisers for his potential presidency, PTI reported, citing NBC News. He also admired the mass layoffs conducted by Elon Musk after taking over Twitter last year.

IPO subscription, focus now shifts to GMP and allotment. Check GMP, subscription status and other key details of Vishnu Prakash IPO here: Vishnu Prakash R Punglia IPO has been subscribed 18.05 times so far on August 28, Monday, the third and the last last day of the bidding process. The public issue received bids for 39.58 crore equity shares as compared to 2.19 crore crore shares on the offer, till 11:00 am.

China lowers stamp duty on stock trades, tightens IPOs to woo investors Beijing's current move is aimed at giving a boost to market sentiment as the world's second-largest economy has been struggling in the wake of the Covid-19 pandemic. Earlier in August, China's central bank went for a smaller-than-expected cut in a key lending benchmark to boost economic recovery. However, the demand for a more robust policy response and hefty government spending is growing.

Mono Pharmacare IPO: The initial public offering (IPO) of Mono Pharmacare Limited has opened today and it will remain open for bidding till 30th August 2023. The book build issue has been offered at a price band of ₹26 to ₹28 per equity share. The public issue is proposed for listing on NSE SME exchange.

Zomato share price rallied over 5% in early morning trade on Monday amid reports of a block deal in the shares. Zomato shares jumped as much as 5.56% to a high of ₹96.00 apiece on the BSE. As per CNBC-TV18 report, around 3.2 crore Zomato shares worth ₹288 crore changed hands in the block deal window at ₹90.10 per share.