Epack Prefab Tech IPO allotment soon. Here’s how to check status online, GMP & other details
Epack Prefab Tech’s Rs 504-crore IPO, subscribed 3.07 times, will finalise allotment on September 29, with listing scheduled for October 1. Investors can check allotment status via registrar Kfin Technologies or the BSE platform. QIBs and HNIs drove strong demand for the issue.
Curefoods raises Rs 160 crore from Binny Bansal’s 3State Ventures in pre-IPO placement
Cloud kitchen startup Curefoods has successfully raised ₹160 crore ($18 million) in a pre-IPO placement from Flipkart cofounder Binny Bansal’s 3State Ventures. This investment values the Bengaluru-based company at ₹4,000 crore ($450 million) as it prepares for an ₹800 crore initial public offering.
Don’t allocate more than 8-10% to gold and silver now: Marcellus’ Krishnan VR explains why
Krishnan VR of Marcellus Investment Managers advises limiting gold and silver allocation to 8–10% despite record returns. He stresses equities as core, tactical debt addition, and selective opportunities in consumption, healthcare, insurance, and financialization themes amid stretched valuations.
Quick Medicine Delivery Co Plazza Raises $1.4 m in Round led by All In Capital
Rapid medicine delivery startup Plazza secures $1.4 million funding. All In Capital leads this investment round. Plazza plans to expand its product categories and increase its store footprint in Bengaluru. The company aims to open 20 new stores in the next 12 months. It will also offer healthy snacks and baby care products. This expansion […]
Vedantu raises $11 million via convertible notes, eyes IPO next year
Edtech unicorn Vedantu has raised $11 million through convertible notes, led by ABC World Asia, to drive organic and inorganic expansion, technology, and AI advancements. The company is also negotiating a larger funding round and a secondary sale, targeting a public market listing by 2027.
European shares recover from three-week lows, but weekly momentum fizzles
European stocks rebounded Friday, with the STOXX 600 gaining 0.8%, largely driven by financials and industrials. Steel producers surged on reports of potential EU tariffs against Chinese imports. Healthcare stocks ended flat despite new US drug tariffs, as the impact was already priced in. US inflation data eased fears of delayed rate cuts, while InterContinental […]
Oil gains on Ukraine drone attacks cutting Russian supply
Oil prices surged Friday following Ukraine’s drone attacks on Russia’s energy infrastructure, significantly cutting fuel exports. Russia responded by implementing a partial diesel export ban. US pressure on allies like India and Turkey to reduce Russian imports, alongside NATO warnings and robust US economic growth, further bolstered prices.
Gold firms as inflation data keeps Fed rate cut bets alive
Gold surged to new highs on Friday, extending weekly gains, as U.S. inflation data aligned with forecasts, bolstering expectations for Federal Reserve interest rate cuts later this year. Investors now anticipate an 88% chance of an October rate cut.
Reality check for VDA bets leaves crypto treasuries out in the cold
Bombay Stock Exchange rejected a company’s share listing. The firm planned to invest heavily in cryptocurrencies. This action highlights India’s regulatory void for digital asset treasury companies. Jetking Infotrain, an IT training firm, faced this rejection. The company considers appealing to the Securities Appellate Tribunal. This decision puts future crypto treasury plans on hold.
Tata Capital’s Rs 17,000 crore IPO opens on October 6
Tata Capital, the financial services arm of Tata Group, is set to launch its ₹17,000-crore IPO from October 6-8, marking the country’s largest public offering since Hyundai last year. This significant issue, driven by RBI directives for NBFC transparency, will raise funds to strengthen Tier-I capital and support future lending growth. Tata Sons will remain […]