Rameshbabu Praggnanandhaa The Rajputana Biodiesel IPO is a book-built issue with a total size of ₹24.70 crores. The issue comprises entirely of a fresh issue of 19 lakh shares. The IPO will open for subscription on November 26, 2024, and close on November 28, 2024. The allotment of shares is expected to be finalized by Friday, November … Read more
The NTPC Green Energy IPO allotment status is now live as of Monday, November 25, 2024. Investors can check their application results via KFin Technologies, the IPO registrar, or through the BSE and NSE websites. Here’s an in-depth look at the IPO performance, subscription details, and its financial implications. Check NTPC Green IPO Allotment Status … Read more
CME Solar Holdings reported a significant decline in its consolidated net profit for the September quarter (Q2 FY25), falling over 60% to Rs 15.29 crore, compared to Rs 38.63 crore in the same period last year. The drop in profit was attributed primarily to lower revenues, with total income falling to Rs 295.14 crore, down … Read more
The Indian stock market experienced a robust rally today, driven by the positive sentiment following the Maharashtra Lok Sabha election results. BJP’s decisive victory in Maharashtra, a key state contributing 13% to India’s GDP, boosted investor confidence. This optimism spilled over into broader market indices, including mid-cap and small-cap stocks, signaling an all-around positive sentiment. … Read more
The Indian stock market made a remarkable recovery today, rebounding sharply after yesterday’s slump influenced by Adani Group-related news. The NIFTY 50 surged over 500 points, supported by robust buying in IT, banking, and FMCG stocks. Global market optimism and easing investor fears also played a significant role in today’s rally. Heavyweights like SBI, TCS, … Read more
The highly anticipated Onyx Biotec IPO allotment status is now available for investors, as the basis of allotment has been finalized. Investors can check their allotment status starting Tuesday, 19th November 2024. The Onyx Biotec IPO concluded with overwhelming success, showcasing a remarkable subscription rate of 198.00 times by the end of Day 3, on 18th November … Read more
The Mangal Compusolution IPO is set to open for subscription on November 12, 2024, and will close on November 14, 2024. It is a fixed price issue IPO aiming to raise ₹16.23 crores, comprising a fresh issue of 36.06 lakh equity shares at a fixed price of ₹45 per share. Below are the key IPO … Read more
The upcoming Nisus Finance Services IPO has generated considerable interest, especially given its unique positioning in the real estate and urban infrastructure asset management sectors. With a planned offering of 65 lakh shares, this IPO includes a fresh issue of 57.8 lakh shares and an offer for sale of 7.2 lakh shares. While the IPO … Read more
The Indian stock market faced a sharp decline today, with key indices closing lower amid a sell-off triggered by fresh allegations against the Adani Group. NIFTY 50 dropped 0.72% to 23,349.90, while SENSEX declined 0.54% to 77,155.79. The downturn was led by Adani Group stocks, which plummeted after US prosecutors accused Gautam Adani and other … Read more
The Adani Group faces a new wave of scrutiny as US prosecutors have charged founder Gautam Adani with participating in a $250 million (~Rs 2,100 crore) bribery scheme. The allegations revolve around securing solar energy contracts in India through illicit means, including false statements to US investors and violations of federal laws. The indictment, filed … Read more