Manan Doshi News Today

Market sources suggest that the continuous decline in OYO’s valuation is because of ambiguity over its listing because of poor appetite for the stock at prevailing valuations

Previously, some developers would submit outdated photographs in quarterly progress reports (QPR) and provide misinformation about project completion to tax authorities to manage their profit tax liability.

The price band of Tata Technologies public issue is expected to be between Rs 550 and 650 per share

The Bombay high court recently announced a judgement that said that if stamp duty for a redevelopment agreement is paid then it cannot be charged for individual units.

Recently listed Mankind Pharma surged over 30 percent on listing day from its price band while Ikio Lighting Ltd shares debuted over 56 percent premium from its issue price

IdeaForge Technology IPO: The issue includes issuance of fresh equity shares worth Rs 240 crore and an offer for sale (OFS) of 4,869,712 equity shares amounting to Rs 326.44 crore by promoters and existing shareholders. Investors can make a bid of a minimum of 22 equity shares and its multiples thereafter.

IdeaForge Technology IPO: As per revised fixtures available on BSE, the initial share sale would now conclude on June 30, due to shifting of market holiday to June 29. The IPO received 23,38,24,382 today against the issue size of 46,48,870 shares. The company has announced to sell its shares in the fixed price band of Rs 638-672 apiece.

IdeaForge Technology IPO: Market participants said Fusion Micro Finance IPO's grey market premium (GMP) was last heard between Rs 540 and Rs 545. Considering the higher GMP of Rs 545, the grey market is expecting the drone maker to list around Rs 1,217 (Rs 672 + Rs 545), which is 81.10 per cent higher than the IPO's upper band price of Rs 672 per equity share.

During the March quarter, Hero FinCorps total revenue from operations increased by 36.7 percent to Rs 1662.26 crore, up from Rs 1215.98 crore in the same quarter of the previous year. The net profit for the quarter also rose significantly by 285 percent to Rs 214.33 crore compared to Rs 55.69 crore in the same quarter of the previous year.

Avalon Technologies IPO: The quota meant for qualified institutional buyers (QIBs) was subscribed by whopping 3.57 times, while the portion for non-institutional investors received 41 per cent subscription and the retail individual investors (RIIs) category got 83 per cent subscription.