IndiGrid raises Rs 670 crores through institutional placement
The Board of Directors of IndiGrid Investment Managers acting in the capacity of investment manager of IndiGrid, approved the issuance and allotment of 5.27 crore new units through the institutional placement to 11 eligible investors on December 8, 2023. More than 90% of incremental units were issued to insurance companies, mutual funds, pension funds, and domestic institutions. Key Points
Economic TimesBoard resolutions face shareholder pushback
Shareholder activism in India's listed firms has increased, with proxy advisory firm institutional Investor Advisory Services reporting that multiple voting outcomes over the last week show institutional investors' decisions on dozens of board resolutions. The average percentage of voting by shareholders stood at 74.91% for last week, with one resolution having more than 75% of the institutional investors voting against, and 11 resolutions with 100% of the institutional investors voting in favour. Key Points
mintMarkets climb in early trade on continuous foreign fund inflow
Benchmark indices extended their winning run on May 9, in the morning, helped by continuous buying from foreign institutional investors and on signs that recession fears in the U.S. are easing. Key Points
The HinduBlackstone's Nexus Select Trust IPO:Non institutional Investors show interest so far; check details
Nexus Select Trust IPO: The issue that opened for subscription on Tuesday, May 9, and closes on Thursday, May 11. For the proposed IPO, the company has set the price range at ₹95 to ₹100 per equity share. Key Points
mintSpectrum Talent Management IPO: Issue fully subscribed on Day 2; check details
Spectrum Talent Management's initial public offering (IPO) was subscribed 1.05 times on Day 2, with bids received for 60,88,000 shares against 6,077,600 shares on offer. The price band for the offering is set at ₹169 to ₹173 per share. Key Points
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Mankind Pharma IPO Day 1: Issue subscribed 14%, HNIs subscribed one-third of quota
Qualified institutional buyers (QIBs) subscribed for 8% of their reserved portion. Retail investors bid 14,39,737 times of the shares reserved for RIIs. Key Points
FinancialexpressIndian shares tread water as rate worries dent risk appetite
Indian benchmark Nifty (.NSEI) traded in a narrow range on Tuesday as traders held off making big bets amid continued selling by foreign investors, while domestic institutional buying offered some cushion. Key Points
ReutersMarkets end flat in volatile trade amid weak trends in global equities
Foreign institutional Investors (FIIs) were net buyers on Monday as they bought equities worth Rs 2,123.76 crore, according to exchange data. Key Points
FinancialexpressDivgi TorqTransfer shares list at 5% premium on NSE over issue price
The IPO was subscribed 5.44 times, led by retail investors. About 75% of the offer was reserved for qualified institutional buyers (QIBs), 15% for non-institutional investors and 10% for retail investors. Key Points
Economic TimesMotisons Jewellers IPO on track to deliver multibagger listing gains. Check GMP
Motisons Jewellers IPO: Motisons Jewellers are holding steady at Rs 78-80 in the unlisted market, indicating multibagger listing gains to investors. The company's shares are expected to list on the exchanges on December 26. At the upper price band of Rs 55, the stock is trading nearly 145% higher than the offer price. Key Points
Economic Times
Blue Jet Healthcare IPO subscribed nearly 8 times at close. Check GMP and other details
According to market analysts, Blue Jet Healthcare's shares are fetching a premium of Rs 22 in the unlisted market. Most analysts have a 'subscribe' recommendation on the IPO, which is entirely an offer for sale of 2.42 crore shares. Key Points
Economic TimesAllianz-Shapoorji looks to exit Hyderabad's IT SEZ Waverock for Rs 2,000 cr
Allianz Group and Shapoorji Pallonji's entity plan to sell their 2.5 million sq ft IT SEZ property Waverock in Hyderabad, with Apple, Accenture and TCS among the tenants. The property is expected to sell for around ₹2,000 crore. The property has attracted interest from several institutional investors, with Singapore's sovereign wealth fund GIC emerging as the front-runner, according to sources. Key Points
Economic TimesDivgi Torq Transfer shares fall 10% after listing pop. What should investors do now?
Divgi TorqTransfer has recorded a net profit of Rs 26 crore as of September 2022, while total income stood at Rs 137 crore in the same period. Between FY20 and FY22, the companys profit after tax increased at a CAGR of 28.30%. Key Points
Economic TimesSEBI allows short-selling by all investors; F&O stocks also eligible
Institutional investors will not be allowed to do day trading. This means all transactions would be grossed for institutional investors at the custodians level. The custodians, however, will continue to settle their deliveries on a net basis with the stock exchanges. Key Points
Economic TimesIndia Shelter Finance IPO subscribed to 36.6 times on Day 3; QIB, NII portions see huge demand
The initial public offering (IPO) of India Shelter Finance received bids for 65,59,44,390 shares on the final day as against the 1,79,10,449 shares available for subscription, translating into a subscription rate of 36.62 times. Key Points
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India Shelter Finance IPO on Day 02: Issue subscribed to 4.36 times; NII portion booked 7.36 times
The IPO received bids for 7,80,12,780 shares on Day 02, as against the 1,79,10,449 shares available for subscription, resulting in a subscription rate of 4.36 times. Key Points
mintDOMS IPO sails through, fully subscribed. Here’s all you need to know
As of 11:50 am, the public issue has been subscribed 1.77 times. The retail category displayed exceptional demand, oversubscribed by 7.01 times, while the Non-Institutional Investors (NII) portion garnered bids 1.67 times. Key Points
India TodayBlue Jet Healthcare IPO opens on Wednesday. What GMP signals
At the upper end of the price band, the company plans to raise about Rs 840 crore. Investors can bid for a minimum of 43 equity shares and in multiples thereafter. About 50% of the offer is reserved for qualified institutional buyers, 35% for retail investors, and 15% for non-institutional investors. Key Points
Economic TimesPlaza Wires IPO fully subscribed within 80 minutes of opening
At 11.20 a.m., the public issue was subscribed 1 time, while the category reserved for retail investors garnered a whopping 6.64 times bids. The portion for NII was subscribed 37%. There were no bids from qualified institutional buyers so far. Key Points
Economic TimesIKIO Lighting IPO Day 2: Issue oversubscribed 6.83 times
The portion for non-institutional investors received 15.99 times subscription, the category for Retail Individual Investors (RIIs) was subscribed 5.92 times and Qualified institutional Buyers (QIBs) part got 1.37 times subscription. Key Points
Financialexpress
Nifty may cross 22,500 in 12 months, says Prabhudas Lilladher; picks Hindalco, 3 more stocks as conviction
Nifty is trading at a 17.2% discount to the 10-year average which provides comfort to Prabhudas who believes that the headline index is not trading in a bubble zone. The 50-stock index has remained flattish in the past 6 weeks and given just 1.6% return in the quarter gone by, riding on inflows of the domestic institutional investors (DIIs) even as the foreign institutional investors (FIIs) preferred selling the domestic equities, the note said. Key Points
Economic TimesTata Tech IPO selling like hot cakes, fully subscribed in just 40 minutes
At 10:42 am, the Rs 3,042 crore IPO was subscribed 1.21 times. The quota reserved for qualified institutional buyers was subscribed about 2 times, non-institutional investors 1.25 times. The portion reserved for shareholders of parent entity Tata Motors 1.26 times while the retail quota was subscribed 86%. Key Points
Economic TimesRamkrishna Forgings raises Rs 1,000 cr through QIP
Kolkata, Nov 15 (PTI) Leading forgoing company, Ramkrishna Forgings Ltd, on Wednesday announced that it has raised Rs 1,000 crore through a qualified institutional placement (QIP) of its equity shares. The Kolkata-based company, in a statement, said it has approved the allotment of over 1.62 crore equity shares of face value of Rs 2 at […] Key Points
ThePrintSBFC Finance shares list at robust premium of 44% over IPO price
Led by the robust institutional response, the initial public offer (IPO) of SBFC Finance was subscribed by a massive 70.16 times at close. Monday was the last day of bidding for investors. Key Points
Economic TimesMankind Pharma IPO subscribed 15.32 times
This will be one of the largest public issues by a domestic drug manufacturer after the ₹6,480-crore IPO of Gland Pharma in 2020. The qualified institutional buyers (QIB) category was subscribed 49 times, while the non-institutional investors or high net-worth individuals' portion was subscribed 3.8 times. However, the retail investor's portion was under-subscribed at 92%. Key Points
Economic Times
SME IPO: Net Avenue Tech issue subscribed over 500x; stock may double on listing day
The offer of Net Avenue Tech is a completely a fresh equity issue of up to 56.96 lakh equity shares. The company plans to raise Rs 10.25 crore through the IPO. The massive demand was led by retail investors, whose category was subscribed 721 times, while that of non-institutional investors was subscribed 616 times. The part reserved for institutional investors was subscribed 62 times. The issue closed on December 4. Key Points
Economic TimesDIIs' ownership of Indian companies may soon overtake FII holdings
Foreign holdings in NSE-listed companies was at 18.19% as of December 2023 down from 19.66% in December 2018 or 19.36% as of December 2013. FIIs holding hit a peak of 21.21% in December 2020. Key Points
Economic TimesInvestors' wealth rises by Rs 2.17 lakh crore in morning deals as markets scale new peaks
New Delhi, Dec 6 (PTI) Investors turned wealthier by Rs 2.17 lakh crore on Wednesday, as benchmark indices raced to scale new peaks, lifted by gains in blue chip stocks on the back of strong institutional inflows. Benchmark sensitive indices Sensex and Nifty touched record highs in initial trade on Wednesday, with Nifty nearing the […] Key Points
ThePrintIndia's Bajaj Finance to raise $1.2 bln via share, warrant issue
Indian non-bank lender Bajaj Finance (BJFN.NS) said on Thursday it will raise up to 100 billion rupees ($1.20 billion) by issuing shares to institutional investors and warrants to its largest shareholder. Key Points
ReutersValiant Laboratories, Plaza Wires IPOs, 12 SME issues currently open for subscription. check details
Valiant Laboratories & Plaza Wires are open for subscription in the mainstream segment. As many as 12 IPOs in the SME segment are available for public subscription. These issues are Goyal Salt, Sunita Tools, Canarys Automations, Oneclick Logistics, Vinyas Innovative, Kontor Space, E Factor Experiences, Vivaa Tradecom, Karnika Industries, Plada Infotech, Sharp Chucks and Vishnu Priya Projects. Key Points
Economic Times
Adani Green weighs raising $1.5 billion to fund expansion, sources say
Adani Green Energy Ltd.s board will discuss plans to raise funds from institutional investors on Thursday and will then seek approval from shareholders, the people said, asking not to be identified as the talks are private. Key Points
Economic TimesHindalco nearly halves capex to $4.5 billion
The company has reduced capex spend earmarked for the next five years to $4.5 billion, a 43% cut, versus $7.9 billion announced a year ago, according to a report by Kotak institutional Securities. Key Points
FinancialexpressUtkarsh IPO: Issue subscribed over 10 times on day 2 so far; retail investors steal the show
Utkarsh Small Finance Bank's IPO has been subscribed 10.67 so far times on Day 2, with strong response from retail and non institutional investors. Key Points
mintBank of Maharashtra raises ₹1,000 cr via QIP, LIC gets biggest allocation
Among institutional bidders who have been allotted more than 5% of the shares within the QIP include LIC, which has been allotted 8.34 crore shares or 23.77% of the total approved shares within the QIP Key Points
mintSensex tumbles over 800 points. Here’s how much money investors lost
Analysts attributed the selloff to continued foreign investor outflows and disappointing quarterly earnings, particularly in banking and auto sectors. Foreign institutional investors (FIIs) reportedly offloaded Rs 2,306 crore worth of Indian equities, extending their selling spree. Key Points
India Today
Nova Agritech shares list at 37% premium over IPO price
Nova Agritech listed on exchanges with a 36.6% premium, debuting at Rs 56 on BSE and Rs 55 on NSE. The IPO received over 100 times subscription as non-institutional and institutional investors bid heavily. The company's solid financial track record and impressive ROE of 32.1% attracted analysts. Proceeds from the IPO will be used for subsidiary investment, capex, working capital, and investment in Nova Agri Sciences. Nova Agri Sciences contributes significantly to Nova Agritech's revenue by manufacturing crop protection products. Key Points
Economic TimesNova Agritech IPO: Should you subscribe to this Rs 144-crore issue?
Nova Agritech IPO comprises a fresh equity issue of Rs 112 crore and an offer-for-sale (OFS) of 77.58 lakh shares, The IPO opens today and closes on January 25. The company has fixed a price band of Rs 39-41 for the IPO and investors can bid for 365 shares in one lot. About 50% of the shares will be available for allocation to qualified institutional buyers (QIBs), 15% to non-institutional investors (NIIs), and 35% to retail investors. Key Points
Economic TimesNifty Financial Services stocks: Time to be contrarian and buy?
After a long phase of three years of consolidation and relative underperformance, there were some initial signs of the private sector banks making a comeback attempt. There have been reasons for their underperformance, right from mega merger which created a technical issue of overhang in shareholding, to changes in the top management. Also the fact that these stocks came in the over owned category of foreign institutional investors, who have been sellers time and again. Key Points
Economic TimesFedbank Financial Services IPO sails through on Day 3
Fedbank Financial is one among five private bank promoted NBFCs in India. It focuses on catering to the MSMEs and the emerging self-employed individuals sector. Key Points
Economic TimesIndian shares to open higher as US data boosts rate outlook
Indian shares are set to open higher on Thursday, as rising expectations of an end to the U.S. Federal Reserve's rate hike cycle boosted risk appetite. Key Points
Reuters
Nifty Financial Services index stocks: Will they lead the correction once again?
For all those, who are surprised the fact that all of sudden bank nifty or finnifty witnessed a sharp fall, it would worth remembering that whether it is upward or southward movement of Nifty and Sensex, it is largely led by financial services because of high ownership of institutional investor’s both domestic and foreign portfolio investors. So if there a sell of due to risk off mode for emerging markets, which market has moved to in last few days. It is financials which are likely to lead to the decline, but, there is equal sharp recovery in them. So, be careful both in buying and selling decision in financial space. Key Points
Economic TimesBears Growl! Sensex tanks 600 points, gives up 64,000; Nifty tests 19,100
Among Sensex stocks, NTPC was the worst performer, followed by Infosys, Bharti Airtel and ITC. On the other hand, Tata Steel, Nestle India, SBI and Asian Paints were the only gainers. All sectoral indices traded in the green, with Nifty Metal craking the most, down over 2%. Realty index also tanked over 1.5% in the afternoon session. Key Points
Economic Times6 stocks from hospital sector with upside potential of up to 27%
While all the headlines have been hogged by new age companies and sectors, there has been a sharp surge in valuations in one sector which has performed extremely well in the last two years. It i the hospital space and it is still under the radar. The post listing performance of IPOs from this space shows that both domestic and institutional investors are ready to pay a premium to have these stocks in their portfolio. Given the macro picture , it has a secular growth trend as per capita spending is likely to continue to increase. Key Points
Economic TimesIndian shares set to open weak as US rate fears, high oil prices weigh
Indian shares are set to open marginally lower on Monday, as rising U.S. rate concerns after strong jobs data and surge in oil prices due to military conflict in the Middle East weighed on sentiment. Key Points
ReutersIndian shares set to open lower as investors eye US jobs data
Indian shares are set to open marginally lower on Friday, on caution ahead of a key U.S. jobs report, which could influence the Federal Reserve's rate decision later this month. Key Points
Reuters
TVS Supply Chain shares to list on Wednesday. What GMP signals
The qualified institutional buyers (QIB) portion was subscribed 1.35 times, while the non-institutional investor (NII) segment was subscribed 2.35 times. The retail individual investor category saw bids for 7.61 times the shares set aside for them. The issue was sold in the price band of Rs 187-197 per share Key Points
Economic TimesIndian shares set to open lower on domestic inflation concerns
Indian shares are set to open lower on Wednesday as a sharp rise in July domestic inflation hurt sentiment, while global peers fell on interest rate concerns in the U.S. and worries over China's economy. Key Points
ReutersLooking for a healthy portfolio amid volatility? 8 stocks from hospital space with upside scope of up to 2
One sector which has performed extremely well in the last two years has been hospital space. If one looks at the post listing performance of the IPOs which have come from this space, it is clear that both domestic and institutional investors are ready to pay a premium to have these stocks in their portfolio. The reason healthcare companies are bound to see growth, because average spend on healthcare will increase due to expansion of insurance and spending by the government. Key Points
Economic TimesBumper Debut! Netweb Technologies shares list at 89% premium over IPO price
The IPO of Netweb, a leading high-end computing solutions (HCS) provider with fully integrated design and manufacturing capabilities, was subscribed 90.36 times at close. The qualified institutional buyer portion was the most subscribed with a subscription of 228.91 times, followed by non-institutional investors with 81.81 times. The retail category was subscribed 19.15 times. Key Points
Economic TimesUtkarsh Small Finance Bank revises listing date to Friday. Here's what GMP signals
The part reserved for qualified institutional buyers (QIBs) was subscribed 124.8 times, while that for non-institutional investors (NIIs) was subscribed 81.6 times. Meanwhile, the retail quota was subscribed 72.1 times. Key Points
Economic Times
Drone Destination IPO: GMP, subscription status on day 2, and other key details
Drone Destination Ltd's IPO, with a price band of ₹62-65 per share, has been subscribed 8.95 times on day 1 so far. The company hopes to generate ₹44.20 crore with the IPO. Key Points
mintGreenchef Appliances SME IPO lists at a premium of 20% on NSE SME
Greenchef Appliances Ltd shares listed on NSE SME exchange at ₹104 per share, 19.5% higher than the issue price of ₹87. IPO subscribed 44.89 times. Key Points
mintNifty@record high: FII buying crosses $10 billion mark in FY24
Foreign institutional investors (FIIs) have invested over $10 billion in the Indian stock market, driving the Nifty to surpass 18,900 points. After being net sellers in the previous two years, FIIs have shown interest in Indian equities since March 2023. In comparison, domestic institutional investors (DIIs) have been selling, with only Rs 1,785 crore in buying. Factors contributing to India's outperformance include strong FII equity flows, increased mutual fund equity flows, rural and capex cycle recovery, and optimism surrounding the Indian Prime Minister's visit to the US. However, the reason behind the rally in midcap and smallcap stocks is uncertain, as they have significantly outperformed largecaps. Key Points
Economic TimesGlobal trends, progress of monsoon to guide equity markets this week: Analysts
The 30-share BSE index zoomed 466.95 points or 0.74 per cent to settle at a record closing high of 63,384.58 on Friday. Key Points
FinancialexpressSpectrum Talent Management IPO: Issue subscribed 18% so far on Day 1; check details
Spectrum Talent Management's initial public offering (IPO) was subscribed 18% on Day 1 so far, with bids received for 10,28,000 shares against 6,077,600 shares on offer. The price band for the offering is set at ₹169 to ₹173 per share. Key Points
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IKIO Lighting and Sonalis Consumer Products IPO will open for subscription this week; check details
IKIO Lighting has set a price band of Rs 270-285 per equity share for its upcoming IPO. The Noida-based company has reserved 50% of the offering for qualified institutional buyers, 35% for retail investors, and 15% for non-institutional investors. The IPO comprises a fresh equity issue of up to Rs 350 crore and offer for sale of up to 90 lakh shares by selling shareholders. Meanwhile, Sonalis Consumer Products is set to launch an SME IPO on June 7 with a fixed price of Rs 30 per equity share. Key Points
Economic TimesFasten seat belt! Dalal Street bulls all set to ride Nifty50 to fresh highs in June
Equities could break the June curse by making positive returns based on sustained inflows from foreign institutional investors, say experts. Despite historical data showing that six times in the past decade the stock market has delivered negative returns in June, the country has had a good three-month run, causing money managers to gain confidence. With $8bn in foreign portfolio investments, coupled with continued inflows thanks to the fact that India is surging ahead of its emerging market peers, the Nifty50 is just 400 points away from its all-time high. Key Points
Economic TimesIKIO Lighting IPO to open on June 6; price band fixed at Rs 270-285 per share
Indian LED lighting solutions manufacturer, IKIO Lighting, has set a price band of INR 270 to INR 285 for its initial public offering (IPO), which opens for subscription on June 6 and is available until June 8. The IPO comprises a fresh equity issue of up to INR 350 crore and an offer for sale of up to nine million shares. 50% of the offer has been reserved for qualified institutional buyers, 35% for retail investors, and 15% for non-institutional investors. Key Points
Economic Times$2.7 bn in 14 days! FII buying on Dalal Street longest in 3 years: Nilesh Shah
Foreign institutional investors (FIIs) were net buyers of Indian equities for 14 straight days, the longest streak in 3 years. This positive trend is likely due to several factors, including the Reserve Bank of India's decision to pause rate hikes, the March quarter earnings of companies not bringing any big shocks to Dalal Street investors, and the US Federal Reserve's indication of a likely pause in interest rates. However, experts caution that the Fed's indications of a possible recession could impact FII flows Key Points
Economic TimesQ4 results today: What to expect from Tata Steel, Varun Beverages and Ambuja Cements
Tata Steel, Varun Beverages, Adani Total Gas, and Ambuja Cements will publish their Q4 earnings reports on Tuesday. Kotak institutional Equities expects Tata Steel's realizations to increase 4.4% QoQ and Varun Beverages sees a strong 27% YoY growth in revenue. Ambuja Cements is expected to report a 7% YoY growth in net profit at Rs 530 crore. However, there are no estimates for Adani Total Gas. Stocks will fluctuate based on the Q4 earnings results. Key Points
Economic Times
Mankind Pharma IPO subscribed 32% so far on Day 2. Check GMP and other details
Mankind Pharma's initial public offering (IPO), which will close on January 19, has been subscribed by 32% on Day 2 with non-institutional investors and qualified institutional buyers subscribing the most. Retail investors' quota had 16% bids. Nine brokerages recommended the issue, saying that growth opportunities outweigh concerns about high valuation. Mankind Pharma has raised around Rs 1,297 crore by allocating 1.2 crore equity shares to 77 anchor investors, which include Goldman Sachs, Canada Pension Plan and Government of Singapore. At the higher end of the price band, Mankind Pharma valued at 30x FY22 EPS. Key Points
Economic TimesUdayshivakumar Infra IPO: Will shares deliver a listing pop or disappoint D-St? What grey market signals
According to market sources, the shares of Udayshivakumar are commanding a premium of Rs 7-8 in the unlisted market on Friday. If we consider the upper end of the price band, the company's shares are expected to get listed at a premium of 20% over the offer price. Key Points
Economic TimesDivgi TorqTransfer lists at 5.1% premium
The ₹412-crore IPO comprised a fresh share issue of ₹180 crore and an offer for sale of 3.93 million shares by existing shareholders. As part of the offer for sale, Nilekani's family trust offloaded 1.44 million shares. Key Points
Economic TimesGlobal Surfaces IPO subscribed 3.85 times so far on last day of bidding; GMP signals listing gains
According to analysts, the grey market premium, which indicates the premium commanded by shares in unlisted markets stoo Rs 20. The company has fixed a price band of Rs 133-140. At the upper end, the shares are expected to list at 14% premium over the issue price. Key Points
Economic TimesDivgi TroqTransfer IPO allotment expected on March 9 as GMP falls. How to check status
The part reserved for retail investors was subscribed 4.31 times, while non-institutional investors (NIIs) and qualified institutional buyers (QIBs) parts were subscribed 1.4 times and 7.83 times respectively. The shares are expected to be listed on the exchanges on March 14. Key Points
Economic Times