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Patel Retail, a supermarket chain based in Maharashtra, launched its IPO of Rs 243 crore. The IPO received 45% subscription on Day 1. Grey market premium indicates strong demand. The IPO includes fresh issue and offer for sale. Funds will be used for debt repayment and working capital. The company operates 43 outlets with a wide product range. Patel Retail, a Maharashtra-based supermarket chain operator, opened its Initial Public Offering (IPO) worth Rs 243 crore on August 19. Within the first ...Read More >
New Delhi, Aug 21 (PTI) The initial share sale of Patel Retail Ltd was subscribed 95.70 times as the three-day IPO drew to a close on Thursday. The Rs 242.76-crore initial public offer received bids for 74,79,89,402 shares against 78,15,612 shares on offer, according to data available with the NSE. Qualified institutional buyers (QIBs) received a whopping 272.43 times subscription, while the quota for non-institutional investors got subscribed 108.17 times. The retail individual investors (RII ...Read More >
Solar Industries (SOIL)'s operating performance was in line with consensus' estimate. EBITDA, at INR 5.3bn, jumped 19% YoY driven by robust defence and exports, compensating for the subdued performance in mining and infra segments, which were impacted on account of monsoon arriving early. Defence revenue rose 115% YoY to INR 4,180mn while exports and overseas grew 42.7% YoY to INR 8,260mn. EBITDA margins were largely stable QoQ at 24.8% (~150bps dent due to hyper-inflation in Turkey and FX fluct ...Read More >
India broadens its export focus to fifty nations, including those in West Asia and Africa. This move aims to lessen dependence on one market. It also seeks to cushion against trade disruptions amid high US tariffs. The government is devising strategies to protect exports from these tariffs. They are also exploring alternative markets and domestic demand to absorb affected goods. India is expanding its export outreach to 50 countries including in West Asia and Africa to reduce reliance on any si ...Read More >
New Delhi : Medistep Healthcare Limited, a rapidly growing player in India's pharmaceutical and healthcare market, has fixed the price of its upcoming Initial Public Offering (IPO) at Rs.43 per equity share. The offering comprises up to 37,44,000 equity shares with a face value of Rs.10 each. The IPO, which is being offered through a fixed price issue, will open for subscription on Friday, August 8, 2025, and close on Tuesday, August 12, 2025. The lot size for the issue has been set at 3,000 eq ...Read More >
New Delhi, Aug 6 (PTI) Shares of M&B Engineering closed higher by 6 per cent at Rs 409.15 in the debut trade on Wednesday. The stock listed flat Rs 386 on the BSE compared to the issue price of Rs 385. During the day, it gathered momentum and climbed 8.79 per cent to Rs 418.85 against the issue price. Shares of the company finally ended at Rs 409.15, up 6.27 per cent on the exchange. On the NSE, the stock got listed at par with the issue price of Rs 385. Later, it surged 8.8 per cent to Rs 418 ...Read More >
New Delhi, Jul 20 (PTI) Fundraising through initial public offerings (IPOs) rose to Rs 45,350 crore in the first half of 2025, marking a 45 per cent increase from a year ago, despite global trade headwinds, geopolitical conflicts, and macroeconomic concerns. However, the number of IPOs declined to 24 during the period under review from 36 in the January-June period of 2024, indicating a rise in the average size of public issues. Going forward, the IPO market is expected to remain cautiously op ...Read More >
New Delhi, Jul 20 (PTI) Fundraising through initial public offerings (IPOs) rose to ₹45,350 crore in the first half of 2025, marking a 45 per cent increase from a year ago, despite global trade headwinds, geopolitical conflicts, and macroeconomic concerns. However, the number of IPOs declined to 24 during the period under review from 36 in the January-June period of 2024, indicating a rise in the average size of public issues. Going forward, the IPO market is expected to remain cautiously opti ...Read More >
New Delhi, Jul 18 (PTI) GNG Electronics, refurbisher of laptops and desktops, on Friday set a price band of Rs 225 to Rs 237 per share for its upcoming Rs 460-crore initial public offering (IPO). The IPO is scheduled to open for public subscription on July 23 and conclude on July 25. The bidding for anchor investors will open for a day on July 22, the company announced. At the upper-end of the price band, the company's market valuation is over Rs 2,700 crore. The IPO is a combination of a fre ...Read More >
Mumbai (Maharashtra) [India], July 15: MIRC Electronics Limited (NSE Code: MIRCELECTR, BSE Code: 500279), renowned for its legacy in electronics and home appliances, opens its Rights Issue on Monday, July 14, 2025, aiming to raise ₹ 49.49Crore. Also Read | Mumbai's Matcha Parties: Dive Into the Micro Events Sparking Excitement!. The issue size is 4,94,89,847 equity shares at a face value of ₹1 each with an Issue Price of ₹ 10 Per Share. Rights Issue details: Also Read | Will Banks Be Cl ...Read More >
PNN Mumbai (Maharashtra) [India], July 7: Smarten Power System Limited (The Company, Smarten) is engaged into designing and assembling of power back-up and solar power products, proposes to open its Initial Public Offering on Monday, July 07, 2025, aiming to raise 50.00 crores, with shares to be listed on the NSE Emerge platform. The issue will close on Wednesday, July 09, 2025. The issue size is 50,00,400 equity shares at a face value of 10 each with IPO price of 100 per share. Equity Share ...Read More >
Mumbai (Maharashtra) [India], July 7: Smarten Power System Limited (The Company, Smarten) is engaged into designing and assembling of power back-up and solar power products, proposes to open its Initial Public Offering on Monday, July 07, 2025, aiming to raise ₹ 50.00 crores, with shares to be listed on the NSE Emerge platform. The issue will close on Wednesday, July 09, 2025. Also Read | Kannada Actress Bhavana Ramanna Announces Pregnancy at 40, Shares Father's Reaction to Her Decision To Have ...Read More >
PNN New Delhi [India], July 4: HOAC FOODS INDIA LIMITED, a primarily engaged in the manufacturing and distribution of high-quality natural food products under the brand name "HARIOM", offering a diverse range that includes chakki atta (wheat flour), organic herbs and spices, unpolished pulses, grains, and cold-pressed yellow mustard oil, has successfully raised 1,000.00 Lakhs through its first-ever Qualified Institutional Placement (QIP). The QIP, launched on June 30, 2025, and closed on July 0 ...Read More >
New Delhi, Jul 3 (PTI) Shares of Indogulf Cropsciences Ltd made a flat market debut on Thursday and ended marginally lower against the issue price of Rs 111. The stock was listed at Rs 111 on both the BSE and NSE. Also Read | Who Is Soham Parekh, Indian Techie Accused of Duping Multiple Companies? What's His Reaction to Allegations of Moonlighting?. During the day, it climbed 1.44 per cent to Rs 112.60 on the BSE. Shares of the firm later ended at Rs 110.80, marginally down by 0.18 per cent. ...Read More >
New Delhi, Jul 3 (PTI) Shares of Indogulf Cropsciences Ltd made a flat market debut on Thursday and ended marginally lower against the issue price of Rs 111. The stock was listed at Rs 111 on both the BSE and NSE. During the day, it climbed 1.44 per cent to Rs 112.60 on the BSE. Shares of the firm later ended at Rs 110.80, marginally down by 0.18 per cent. At the NSE, the stock went up by 1.80 per cent to Rs 113 after a flat debut. Later, it lost momentum and ended at Rs 110.35, a dip of 0.58 ...Read More >
Mumbai: Receivables Exchange of India Limited (RXIL) - India's leading Trade Receivables Discounting System (TReDS) platform, a joint venture promoted by SIDBI and NSE, along with State Bank of India, ICICI Bank, and Yes Bank, has successfully enabled MSME Invoice Financing of Rs 2 lakh crore. Since its inception in 2017, RXIL has witnessed remarkable growth in invoice financing, scaling from ₹2,000 crore annually to over ₹10,000 crore monthly. The RXIL TReDS platform has facilitated financing ...Read More >
New Delhi, Jul 1 (PTI) Air freight forwarding and logistics company Skyways Air Services Ltd has filed preliminary papers with markets regulator Sebi to raise funds through an initial public offering (IPO). The city-based company's IPO is a mix of fresh issue of 32.92 million equity shares and an offer for sale (OFS) of 13.33 million equity shares by promoters and other selling shareholders, according to the draft red herring prospectus (DRHP) filed on Monday. Proceeds from fresh issuance to t ...Read More >
New Delhi, Jul 1 (PTI) Shares of civil construction and infrastructure development company Globe Civil Projects Ltd on Tuesday jumped over 28 per cent in market debut as against the issue price of Rs 71. On the BSE, the stock listed at Rs 91.10, a premium of 28.30 per cent against the issue price. Shares of the firm made their market debut at Rs 90, rallying 26.76 per cent from the issue price on the NSE. The company's market valuation stood at Rs 543.44 crore. The initial share sale of Glob ...Read More >
New Delhi, Jun 30 (PTI) The initial public offer of Indogulf Cropsciences Ltd received 25.98 times subscription on the closing day of bidding on Monday, helped by encouraging participation from institutional investors. The company's initial share sale got bids for 34,72,66,170 shares against 1,33,65,710 shares on offer, as per NSE data. The quota for non-institutional investors fetched 48.39 times subscription while the category for Qualified Institutional Buyers (QIBs) got subscribed 33.26 ti ...Read More >
New Delhi: On July 1, 2025, the Goods and Services Tax (GST) will complete eight years since its rollout. It was introduced in 2017 as a major step towards economic integration. GST replaced a maze of indirect taxes with a single and unified system. It made tax compliance easier, reduced costs for businesses and allowed goods to move freely across states. According to the government, by improving transparency and efficiency, GST helped lay the foundation for a stronger and more integrated econom ...Read More >
New Delhi [India], June 30 (ANI): The Reserve Bank of India's (RBI) final guidelines for project finance loans, aimed at managing risks while supporting the viability of projects, are credit positive according to Moody's Ratings. Moody's, in a report on Monday, noted that it does not expect a significant day-one impact on profitability at the system level because the guidelines apply only to projects that have not achieved financial closure by October 1, 2025. Furthermore, the global rating ag ...Read More >
New Delhi, Jun 26 (PTI) The initial public offer of Indogulf Cropsciences Ltd was subscribed by 40 per cent on the first day of bidding on Thursday. The initial share sale received bids for 53,77,320 shares, as against 1,33,65,710 shares on offer, as per NSE data. Also Read | Is June 27 Public Holiday in Odisha for Jagannath Puri Rath Yatra? Will Schools and Banks Remain Open or Closed? All You Need To Know. The category for Retail Individual Investors (RIIs) received 69 per cent subscription ...Read More >
PUNE: Automobile industry, the barometer of the economy, has welcomed the RBI rate cut by 50 basis points to 5.5 per cent from 6 per cent, saying such reduction in repo rate would have a positive impact on the automobile sector in the country. "Such reduction in repo rates would have a positive impact on the auto sector since it would lead to increased accessibility to finance at reduced costs, thereby creating a positive sentiment amongst the consumers in the market," said Shailesh Chandra, Pr ...Read More >
New Delhi, Jun 6 (PTI) The decision of the Reserve Bank to cut policy rate by 50 basis points will have a positive impact on the automobile sector as it will make loans cheaper, industry body SIAM said on Friday. The RBI on Friday cut repo rate by a higher-than-expected 50 basis points to prop up growth, which has slowed to a four-year low of 6.5 per cent in FY25. Following the rate cut, the key policy rate eased to a three-year low of 5.5 per cent, providing relief to home, auto and corporate ...Read More >
New Delhi, Jun 5 (PTI) Fintech firm BimaPay Finsure on Thursday said it has entered into corporate insurance financing and aims for Rs 20 crore in premiums in 2025-26. Launching the pilot phase with insurance partners, BimaPay said the initiative will allow businesses to pay premiums in easy equated monthly instalments (EMIs) instead of bearing the burden of full upfront costs. Also Read | Who Is Pinaki Misra? From Age to Family Background and Net Worth, Here's All About BJD Leader With Whom M ...Read More >
New Delhi, Jun 5 (PTI) Fintech firm BimaPay Finsure on Thursday said it has entered into corporate insurance financing and aims for Rs 20 crore in premiums in 2025-26. Launching the pilot phase with insurance partners, BimaPay said the initiative will allow businesses to pay premiums in easy equated monthly instalments (EMIs) instead of bearing the burden of full upfront costs. The company aims to finance over Rs 20 crore worth of premiums by the end of 2025-26, it said in a release. The solu ...Read More >
New Delhi, May 26 (PTI) Niti Aayog on Monday pitched for tailored financial tools, technology integration and a centralised digital portal to transform medium enterprises into future growth engines of India's economy. In a report titled 'Designing a Policy for Medium Enterprises', the Aayog highlighted the critical yet under-leveraged role played by medium enterprises and outlined targeted interventions to unlock their full potential. To address challenges faced by medium enterprises, it recom ...Read More >
New Delhi, May 19 (PTI) ICRA has revised the outlook on the telecom tower industry to stable from negative, citing healthy collections from customers along with receipt of overdue payments. It noted that the industry was earlier facing headwinds owing to elongated receivables, on account of delays in payments by some of the telecom service providers, but that the the situation has improved materially. This was due to consistent timely payments to the tower companies resulting in reduction of r ...Read More >
New Delhi, Jan 14 (PTI) Shares of Quadrant Future Tek Ltd on Tuesday ended with a sharp premium of nearly 55 per cent against the issue price of Rs 290. The stock made its debut with a surge of 28.96 per cent at Rs 374 on the BSE. Shares of the firm zoomed 54.74 per cent to settle at Rs 448.75 apiece -- the upper circuit limit. On the NSE, it climbed 27.58 per cent to Rs 370 in opening trade. The stock ended at Rs 444 each -- its upper circuit limit, reflecting a jump of 53.10 per cent. The c ...Read More >
New Delhi, Dec 18 (PTI) Senores Pharmaceuticals Ltd on Wednesday said it has fixed a price band of Rs 372-391 per share for its Rs 582-crore initial public offering (IPO) that opens for subscription on December 20. The initial share-sale will conclude on December 24, the company announced. The Ahmedabad-based company's IPO is a combination of fresh issuance of shares worth Rs 500 crore and an offer for sale (OFS) of up to 21 lakh shares valued Rs 82.11 crore, by promoters and other selling sha ...Read More >
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