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Bulk deals: Bandhan Mutual Fund picks Rs 23.31 crore shares in Ashish Kacholia-backed company

Kalyan Jewellers India saw huge activity in bulk deals, while Cohesion Investments and Madhusudan Kela JV, Cohesion MK Best Ideas Sub-Trust picked up Rs 8.49 crore worth of shares in Indiabulls Housing Finance.

Paradeep , Orissa , India , Kalyan , Maharashtra , Ashish-kacholia , Kanak-sujay-kewalramani , Star-international-fund , Vanguard-emerging-markets-stock-index-fund , Mutual-fund , Vanguard-international-stock-index-fund , Goldman-sachs

Shyam Metalics gains on raising Rs 1,385 crore through QIP, Madhusudan Kela among allottees

Shyam Metalics and Energy concluded its qualified institutional placement (QIP), raising a total of Rs 1,385 crore. Veteran investor Madhusudan Kela, Europe's Societe Generale and Reliance Commercial Finance are among the many allottees.

Kolkata , West-bengal , India , Shyam-metelics , Madhusudan-kela , Europe-societe-generale , Shyam-metalics , Societe-generale , National-stock-exchange , Invesco-india-contra-fund , Santosh-industries , Shyam-metalics-energy

Shyam Metalics QIP: Madhusudan Kela, Societe Generale allotted shares at 13% discount

Cohesion MK Best Ideas Sub-Trust, a joint venture between Cohesion Investments and Madhusudan Kela, has been allotted 5 lakh equity shares in the QIP.

Shyam-metalics , Madhusudan-kela , Europe-societe-generale , Mittal-corp-limited-for-rs , Invesco-india-contra-fund , Santosh-industries , Societe-generale , Reliance-commercial-finance , Commerical-infra , Winro-commercial , Authum-investment , India-contra-fund

Shyam Metalics QIP: Madhusudan Kela's trust gets over 5% allotment. Reliance Commercial Infra corners highest portion

In its filing to the exchanges on Friday, Shyam Metalics informed that the company's QIB Committee had approved the issue and allotment of over 2.40 crore equity shares of a face value of Rs 10 each to these QIBs at the issue price of Rs 576 per equity share aggregating to Rs 1,385.34 crore.

Shyam-metalics , Societe-generale , Madhusudan-kela , Santosh-industries , Invesco-india-contra-fund , Commercial-infra , Authum-investment , Winro-commercial , India-contra-fund , Ideas-sub-trust , Cohesion-investments , Shyam-metalics-qip

Ethos Ltd raises Rs141.69 crore from 9 anchor investors

The company informed the exchanges that it allocated 16,13,725 shares at Rs878 per share on Tuesday, May 17, 2022 to anchor investors.

India , Raymond-weil , Louis-moinet , Baume-mercier , Carlf-bucherer , H-moser-cie , Nomura-singapore-limited , Saint-capital-fund , Coeus-global-opportunities-fund , Kfin-technologies-private , Prudential-flexicap-fund , Jaeger-lecoultre

Supriya Lifescience makes strong debut, share lists at 55% premium to issue price

Shares of Supriya Lifescience listed at a premium of 55.11% at Rs 425 on BSE compared to the issue price of Rs 274

Japan , India , Malabar , Kerala , Nippon , Societe-generale , Supriya-lifescience , Saint-capital-fund , Insurance-company , Aditya-birla-sun-life-insurance-company , Dovetail-india-fund , Malabar-india-fund

Kalyan Jewellers IPO | Kalyan Jewellers IPO opens: Should you buy shares of India's second-largest jeweller?

Updated Mar 16, 2021 | 10:03 IST
Kalyan Jewellers IPO: Although Kalyan Jeweller is the second-largest jeweller in India after Titan Company, its financial performance is nowhere close to Titan.
Representational image
New Delhi: Kalyan Jewellers India, the country's second-largest jeweller after Titan, wants to raise Rs 1,175 crore through an initial public offer (IPO) of shares. The IPO opens today (March 16) and will close on March 18 (Thursday). The company has priced its shares in a band of Rs 86-87.
Out of the IPO proceeds of Rs 1,175 crore, Rs 250 crore would go to Highdell, Warburg Pincus company, which was an early investor in the company. Now it wants to partially exit its investment. promoters of the company will get Rs 125 crore by diluting their stake, and the remaining Rs 800 crore (fresh issue) will go to the company to meet working capital requirements and for other corporate purposes. Following the IPO, promoter holding in the company will come down to 60.5% from 68%.

Baroda , Gujarat , India , Kalyan , Maharashtra , New-delhi , Delhi , Singapore , Warburg-pincus , Cap-fund , Sundaram-mutual-fund , Titan-company

SGX Nifty indicates an 80-point gain for Nifty at open - The Hindu BusinessLine

February 24, 2021
Foreign fund flows, Covid-19 cases and rising bond yields will anchor the market movement
The domestic market is expected to open with a gap up of at least 80 points, as SGX Nifty is currently ruling at 14,842 against Nifty March futures’ close of 14,762.85. However, with only one day left for expiry of F&O monthly contracts, analysts expect the market to remain volatile. While cues from Asia-Pacific markets remain mixed, US markets closed in the green overnight after opening sharply lower.
"We note that concerns pertaining to increase in bond yields and higher commodity prices dented investors’ sentiments in the last couple of days. However, underlying strength of economy and market remains intact in our view and hence, any meaningful correction in the market should be used to buy," said Binod Modi, Head - Strategy at Reliance Securities.

Australia , Taiwan , Japan , Mumbai , Maharashtra , India , Ratnagiri , Orissa , Hong-kong , Konkan , Mazagon , Solapur

Markets may open positive, but volatility could squeeze traders

Markets may open positive, but volatility could squeeze traders
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Sharp slide in Nasdaq may see Indian IT stocks come under pressure; RIL’s restructuring announcement could help keep index heavyweights firm
Indian markets are expected to open on a positive note on Tuesday, as SGX Nifty points to a gap up opening of at least a 100 points. However, volatility is likely to hurt investors’ sentiment, as mixed signals emerge from Asia-Pacific markets and from the US markets overnight. The sharp slide in Nasdaq may keep Indian IT stocks under pressure. However, index heavyweights may help the market stay firm following the restructuring announcement.

Australia , Japan , India , Hong-kong , Paradeep , Orissa , Chennai , Tamil-nadu , Australian , Bharat , Abu-dhabi , Societe-generale

RailTel IPO subscription status: RailTel IPO subscribed over 11 times so far on last day of bidding

NEW DELHI: The Rs 820-crore RailTel Corporation initial public offer (IPO) was subscribed 42.4 times on the final day of the bidding process.
At 5:00 pm, the issue had received bids for 2,59,41,39,520 shares, which was 42.4 times the total issue size of 6,11,95,923 shares.
Till Day 2, the issue was subscribed 6.55 times with the retail quota getting bids for 10.55 times the quota limit. While the qualified institutional buyer quota was subscribed 2.97 times, the non-institutional investor category bade for 2.63 times the quota limit. The employee reservation category was subscribed 1.85 times.
The issue is an offer for sale for 87,153,369 equity shares in the price band of Rs 93-94. At the upper limit of this price band, the IPO is valued at 21.4 times PE on a FY20 trailing basis. Its enterprise value (EV) is four times the earnings before interest, tax, depreciation, and amortisation (Ebitda).

Gujarat , India , Singapore , Abhay-doshi , Utilico-emerging-markets , Ircon-international , Aurigin-master-fund , Indian-railways , Railtel-corporation , United-kingdom-based-aurigin-capital , Utilico-emerging-markets-trust , Reliance-capital