Northern Arc Capital IPO subscribed over 31 times on Day 4 of bidding. GMP down to 60%. Check details
As of 12 noon, the non-institutional investors subscribed the issue by 84.8 times, followed by the retail investors, who had subscribed the issue by 24 times. Meanwhile the Qualified Institutional Buyers (QIBs) had subscribed the issue by 6.3 times.
Western Carriers IPO subscribed over 17 times on the last day of bidding process. Check GMP, other details
The portion reserved for the retail investors as well as the NIIs received a solid response and was booked nearly 21.7 times and 30.31times, respectively. The quota reserved for qualified institutional buyers (QIBs) was booked by just 24%.
Indus Towers shares fall 13% after SC rejects re-computation in AGR case
Indus Towers Share Price: Indus Towers’ shares dropped 10% to their day’s low of Rs 366.30 on the BSE after the Supreme Court upheld its ruling on the Adjusted Gross Revenue (AGR) case, rejecting telecom companies’ requests for a re-computation and affirming the full AGR demand.
Arkade Developers IPO subscribed nearly 43 times on Day 4. Check GMP, other details
Arkade Developers’ IPO, which opened for subscription on September 16, has been 42.7 times oversubscribed as of Thursday, the final day for bidding. By around 1 pm, non-institutional investors had subscribed over 100 times, retail investors 42 times, and qualified institutional buyers (QIBs) at 90%.
PSU banks brace for CASA recovery as fixed deposit rates decline: Santanu Chakrabarti
So, if you analyse why money supply or deposit growth in the last two years has not kept pace with the amount of credit that has got created, it becomes very clear that partly it is because of the external account where capital flows have not been that strong, but mostly is because RBI has […]
Paytm shares double in 4 months despite regulatory trouble. What is the road ahead?
Paytm Share Price: The company was in headlines on selling its ticketing business to Zomato and also on the reports of SEBI issuing show-cause notices to Vijay Shekhar Sharma, the founder of the company.
Fed cut positive for Asian stocks and risk currencies, analysts say
The Federal Reserve’s decision to cut its benchmark interest rate by 50 basis points is expected to positively impact Asian stocks. Analysts believe this move will provide more room for regional central banks to loosen policies, easing monetary pressure and boosting risk assets and high-yield currencies in the region.
IREDA shares surge over 4% on govt nod for Rs 4,500 crore QIP
IREDA Share Price: Shares of Indian Renewable Energy Development Agency rose 4.4% on the BSE after receiving government approval to raise Rs 4,500 crore through a Qualified Institutions Placement. The company reported a net profit of Rs 384 crore for the June quarter, marking a 30% increase from the previous year.
Reliance Power, Reliance Infrastructure shares rise up to 7.5%; what’s driving the gains?
Reliance Power has announced the settlement of obligations amounting to Rs 3,872.04 crore concerning the guarantee for lenders VIPL. The company also reported that all disputes with CFM Asset Reconstruction have been resolved, and it has pledged 100% of VIPL’s shares to CFM in exchange for the release and discharge of the guarantee provided by […]
Bajaj Housing Finance shares tumble 11% in 2 days. Should you buy, sell or hold?
Bajaj Housing Finance Share Price: Bajaj Housing Finance shares have fallen by 11% over the past two days after a strong debut. Despite this dip, analysts remain optimistic due to the company’s strong growth and support from the Bajaj Group. Experts suggest holding or buying on dips for long-term gains.