Fund Performance

​These risky schemes can make you rich

​These schemes have high risk. But they also have potential to offer higher returns.

2023-05-31T14:08:06+05:30

4 sectors Taher Badshah is bullish on for near term

​So, one problem is in a way out of the way and alongside which we have also seen actually interest rates presumably going into a bit of a pause mode as far as we can understand and which is again a little better than our expectations because that was supposed to come about more in the second half of the year which basically means that PE multiple decline from year essentially is arrested and that problem at one level is out of the way.

2023-05-31T12:04:46+05:30

64% equity schemes underperformed their benchmarks in five years

Out of 167 equity schemes that have completed five years in the market, 107 schemes failed to beat their respective benchmarks. These 107 schemes were from across the categories such as contra fund, ELSS, flexi cap, focused fund, large & mid cap, large cap, mid cap, small cap, and value fund.

2023-05-31T11:13:07+05:30

Why should you add international funds to your portfolio?

Wealth managers recommend investors put some money in international funds to geographically diversify their equity portfolios, hedge currency risks, and gain exposure to companies in cutting-edge technology areas that are not available in India

2023-05-31T09:13:48+05:30

Follow ethical practices, be transparent, Sebi chief to MFs

The Sebi chief said mutual funds are an important vehicle to encourage investors to participate in the markets. Buch expressed confidence in the industry's potential and said its asset size could grow from the current ₹40 lakh crore to ₹100 lakh crore.

2023-05-31T05:49:18+05:30

Best mutual funds to invest for three years

Are you looking to invest for three years?

2023-05-30T14:10:27+05:30

15 small cap schemes offer over 40% returns in three years on lumpsum investments

A lumpsum investment made on May 24, 2020 of Rs 10,000 in these 15 small cap schemes would have grown between Rs 27,450 to Rs 43,833 in the three-year period.

2023-05-30T11:12:19+05:30

NFO Watch: 10 new mutual fund offers open this week

Four index funds, a fixed maturity plan, value fund, thematic fund, focused fund, an ETF, and ELSS fund are currently open for subscription in the market. Should you invest in these new fund offers to maximize the returns from your mutual fund portfolio?

2023-05-30T10:31:17+05:30

Mutual funds shy away from AT-1 bonds amid tighter rules

Data provided by CRISIL Market Intelligence and Analytics to ET showed that MF investments in AT-1 bonds crashed to ₹5,382 crore in April 2023, from ₹25,057 crore in January 2020.

2023-05-30T07:52:59+05:30

Sensex rises to 6-month high, briefly scales 63K

Benchmark indices rose to their highest level in nearly six months led by the financials, with the Sensex briefly surpassing the 63,000-mark before trimming some of its gains.

2023-05-30T05:42:07+05:30

‘Sebi fee review to make a big dent in MFs’ profits’

The Securities and Exchange Board of India (SEBI) may negatively impact India's mutual fund sector with its proposal to review total expense ratio (TER) regulations, according to brokerage Nuvama. The sector's net profitability could fall by up to 27% from listing asset managers' 2024-25 net operating profits due to changes potentially increasing annual fees to include items such as securities transaction tax (STT) and brokerage.

2023-05-29T22:00:34+05:30

​Best mutual funds for new investors ​

​New investors are confused about which mutual funds to start investing in to create wealth.​

2023-05-29T13:13:11+05:30

ITI Mutual Fund launches ITI Focused Equity Fund

ITI Focused Equity Fund will be benchmarked against Nifty 500 Total Return Index. The fund will be jointly managed by Dhimant Shah and Rohan Korde.

2023-05-29T11:11:05+05:30

Mirae Asset Mutual Fund launches Mirae Asset Silver ETF

Siddharth Srivastava, Head - ETF Product, Mirae Asset Mutual Fund said, “Silver is widely considered to be a relatively in times of economy turmoil and a good hedge against dollar, just like gold. In addition to these factors, silver price has found support from its growing use in industrial settings, which now accounts for roughly half of the silver annual demand. These factors make silver a very compelling asset to be included in an investor’s portfolio either from a long-term point of view or for tactical allocation based on various technical indicators.”

2023-05-29T11:05:38+05:30

Our plan is to continue doing things the right way: Neil Parikh of PPFAS Mutual Fund

"Due to the recent changes in debt taxation, there could either be some change to our existing hybrid scheme or a new scheme offering may be considered given the changed environment. Our preference is not to launch too many schemes and clutter the offering," says Neil Parikh of PPFAS Mutual Fund.

2023-05-29T09:56:45+05:30

Franklin India Flexi Cap Fund: Fund review

The portfolio is well diversified yet retains large positions in its top bets. The fund endured a blip in performance between 2017-2020 but came back strong in 2021 and 2022. The shift in market’s preference towards value has helped the fund recover smartly.

2023-05-29T06:30:00+05:30

Sebi to ease compliance burden for passive funds

"By easing the compliance burden, Sebi aims to foster the growth of passive investments in the Indian mutual fund industry," Sebi whole-time member Ananta Barua said while speaking at the mutual fund summit organised by industry body Assocham in the national capital.

2023-05-27T08:43:47+05:30

​PPFAS Mutual Funds completes 10 years: Road ahead

​Parag Parikh Flexi Cap Fund completes 10 years of existence next week. The scheme was launched in May 2013. The scheme has offered 18.26% returns since inception.

2023-05-26T13:19:44+05:30

Most equity mutual funds offer double-digit returns in one year. What should be your strategy?

Market experts have been asking investors to tone down their expectations from equity investments. However, if you look at the performance chart, you will be pleasantly surprised that your equity funds offered double-digit returns in one year.

2023-05-26T11:53:31+05:30

Kotak Mutual Fund launches Kotak NIFTY 200 Momentum 30 Index Fund

The performance of the scheme will be benchmarked against the NIFTY 200 Momentum 30 Index (Total Return Index). The scheme will be managed by Devender Singhal, Satish Dondapati, and Abhishek Bisen.

2023-05-25T14:53:43+05:30

India on a better wicket compared to the global market: A Balasubramanian

​But my own belief is as interest rates start coming down the next year and supported by good growth coming in, probably we should see some kind of premium valuation starts coming in, which probably should see it coming in next year.

2023-05-25T11:39:04+05:30

Kotak Nifty PSU Bank ETF, Nippon India ETF Nifty PSU Bank BeES offer over 60% in a year

Kotak Nifty PSU Bank ETF and Nippon India ETF Nifty PSU Bank BeES offered 67.09% and 67.08% returns respectively in a year. NIFTY PSU BANK - TRI, the benchmark for these two schemes, offered 68.19% in the one-year horizon.

2023-05-25T11:04:32+05:30

Next three years are likely to be rewarding for debt fund investors: Pankaj Pathak of Quantum Mutual Fund

A Dynamic Bond Fund or any other debt fund which invests in long-term debt instruments is highly sensitive to interest rate movements. Thus, in a short period of time, returns could be highly volatile and can even be negative. However, over a longer time frame of over 2-3 years period, returns tend to normalise along with the interest rate cycles.

2023-05-25T10:25:01+05:30

Why you need silver in your investment portfolio

From an investment point of view, due to its lower correlation with equities and gold-like behaviour when it comes to robustness during times of economic turmoil, silver becomes a very compelling asset to be included in an investor portfolio.

2023-05-25T09:37:27+05:30

India's earnings proving much more resilient and robust versus other EMs: Manish Gunwani

I think a lot of it has to do to my mind with two or three things. One is your external account situation obviously has gone through a sea change because energy prices are down, service exports have done well. The dollar itself has weakened.

2023-05-24T12:14:35+05:30

‘Larger size does constrain in some ways, it is not as bad as some people fear,’ says Rajeev Thakkar

“The size of Parag Parikh Flexi Cap Fund has surely grown over the last decade. This has prompted some to wonder whether we should close for fresh investments. We are not considering this for now,” Thakkar said.

2023-05-24T11:39:20+05:30

NFO Watch: Eight new mutual fund offers open this week

Three index funds, two thematic funds, a fixed maturity plan, value fund, and an ELSS fund are open for subscription in the market. Should you invest in these new fund offers to maximize the returns from your mutual fund portfolio?

2023-05-24T10:12:59+05:30

HNIs embracing passive funds on under-performance of active funds

In addition to ETF, in the index funds too, HNIs have witnessed an AUM CAGR of 145 per cent over the past four years. Apart from HNIs, retail AUM in ETFs has posted a CAGR of 56 per cent over FY19-23 to Rs 9,700 crore in FY23.

2023-05-24T09:36:27+05:30

How to monitor performance of mutual fund schemes?

While past returns are an important parameter to consider performance, they must not be looked at in isolation. The data that a large cap fund returned 20% in the last one year does not indicate much. It must be compared with its benchmark and other schemes in the large cap space.

2023-05-24T08:34:56+05:30

How is Sebi asking AMCs to use Investor Education Fund? DP Singh explains

I am sure looking at all angles from this thing, from the investor point of view, from the industry point of view, from the intermediary point of view and more than anything else keeping in view the growth of the industry, I think the final whatever will come will be for the benefit of everybody.

2023-05-23T16:00:00+05:30

UTI Mutual Fund launches UTI S&P BSE Housing Index Fund

The performance of the scheme will be benchmarked against S&P BSE Housing TRI. The scheme will be managed by Sharwan Kumar Goyal and Ayush Jain.

2023-05-23T15:31:04+05:30

UTI Mutual Fund launches UTI Nifty50 Equal Weight Index Fund

The performance of the scheme will be benchmarked against NIFTY50 Equal Weight TRI. The scheme will be managed by Sharwan Kumar Goyal and Ayush Jain.

2023-05-23T15:24:47+05:30

Will your mutual funds be able to charge performance-linked fees?

Sebi wanted to cap the Total Expense Ratio charged by mutual funds as the total costs incurred by investors were way above the prescribed fee. The Sebi also proposed a performance-linked fee. Will it make a big difference to mutual fund investors?

2023-05-23T14:07:30+05:30

Additional liquidity can be positive for near-term banking liquidity, favourable for rates: Axis MF

The RBI announced withdrawal of Rs 2,000 notes this week and have given time to deposit the notes with banks up to 30 September 2023. Also, a withdrawal of Rs 20,000 per person per day of notes in exchange is allowed.

2023-05-23T09:53:39+05:30

Expect rate cut in next 1 year; 10-year bond yields to start rallying: Devang Shah, Axis MF

10-year bond yields are expected to start rallying due to inflation and weakening macroeconomic data. Rate cuts are expected to be built in over the next six months, and from RBI's perspective, around 50 bps of rate cuts are anticipated in the next year. Interest rates are expected to move lower, causing the addition of duration to all portfolios. Long bonds will perform well initially and short-term funds when rate cuts occur. Corporate bond spreads are attractive for the three- to five-year segment.

2023-05-23T09:22:21+05:30

HDFC Mutual Funds's NFO a high-risk bet on India's defence prowess

HDFC Defence Fund will follow a multi cap strategy and build a portfolio with a focus on growth and quality at reasonable valuations by investing across large-, mid- and small-cap stocks.

2023-05-23T08:24:38+05:30

86% mid cap funds fail to beat their benchmarks in 5 years

Around 11 mid cap schemes failed to beat their respective benchmarks in one, three, and five-year horizons. Tata Mid Cap Growth Fund, one of the oldest mid cap funds, underperformed its benchmark in all three horizons.

2023-05-22T13:17:17+05:30

Improving equity outlook brings Rs 3,712 crore into arbitrage funds in April

"Given the attractive spreads and higher interest in equities, arbitrage funds can deliver a 7% return. These returns are similar to liquid funds with better tax efficiency," said Viral Bhatt, founder of Money Mantra.

2023-05-22T09:41:02+05:30

HSBC Large Cap Fund: Fund review

We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.

2023-05-22T06:30:00+05:30

India has fared far better than other major economies: Sailesh Raj Bhan, Nippon India Mutual Fund

" Some signs of improvements are now showing. Earnings should start improving from 6-7% to 12-15% in around 6-12 months."

2023-05-22T06:30:00+05:30

Do mutual funds offer compounding benefits?

The underlying business and economic processes feed growth back into the input, enhancing growth further. That’s the actual meaning of the term compounding when applied to investments and growth.

2023-05-22T06:30:00+05:30

Sebi's proposal on total expense ratio to curb mis-selling, bring in transparency

Considering the underperformance of most mutual fund schemes, the proposal to introduce performance-linked expense ratios along the lines of Portfolio Management Services (PMS) is a step in the right direction, Gopal Kavalireddi, Head of Research at FYERS, said.

2023-05-20T09:48:16+05:30

International funds offer 10% returns. Did you make money?

Out of 68 international schemes that are in the market, 30 schemes offered double-digit returns in this year till date. 24 schemes offered single-digit returns and 14 schemes gave negative returns.

2023-05-19T13:54:11+05:30

Sebi's move should help larger AMCs get larger share of investor-oriented direct business: Sunil Subramaniam

​So I think the impact on the listed players would be minimized to the extent that they will benefit from larger flows, I would say, because their costs would be much lower compared to a smaller AMC.

2023-05-19T11:04:11+05:30

What will be the impact of new SEBI proposals on AMCs? A Balasubramanian answers

​And not necessarily that every recommendation that is coming in would pass through or would get accepted or would get rejected. Therefore, one has to just see within this which are the one would actually be dropped.

2023-05-19T10:19:05+05:30

Sebi proposes big changes to mutual fund fees to bring down costs

The recommendations are aimed at bringing down mis-selling and reducing costs of investing in mutual funds.

2023-05-19T08:17:15+05:30

Stock indices slip for a 3rd session

Both indices had risen in early trades but gains fizzled out in the later part of the session. The Sensex ended at 61,431.74, down 128.90 points, or 0.21%, from Wednesday's close. The Nifty declined 51.80 points, or 0.28%, from the previous close to settle at 18,129.95.

2023-05-19T06:24:46+05:30

SBI Mutual Fund launches SBI S&P BSE Sensex Index Fund

The performance of the scheme will be benchmarked against S&P BSE Sensex TRI. The scheme will be managed by Raviprakash Sharma.

2023-05-18T12:44:12+05:30

‘Safe’ multi asset funds offered 11.73% in one year, over 20% in three years

Multi asset funds are mandated to invest in three asset classes - typically equities, debt, gold. As per Sebi norms, they should invest atleast 10% in three asset classes. Mutual fund advisors say the portfolio composition makes them relatively safe.

2023-05-18T12:01:22+05:30

ELSS may lose edge under new tax regime

As many individuals move to the new income tax regime, investment believe tax saving mutual funds might find fewer takers in the coming days. ELSS help investors to save taxes of up to Rs 1.5 lakh under Section 80C of the Income Tax Act.

2023-05-18T08:42:51+05:30

These 8 healthcare stocks touch their new 52-week highs.

2023-05-31T20:31:12+05:30

ET Market Watch: Sensex ends 4-day bull run: 5 factors behind today's selloff

2023-05-31T20:30:49+05:30

Market Trading Guide: LTIMindtree, Biocon among 4 stock recommendations for Thursday​

2023-05-31T19:48:24+05:30

Founder Padmaja Gangireddy plans to sell shares worth Rs 100 crore in Spandana Sphoorty Financial, engages investment banker to explore block deal

Padmaja Gangireddy, founder of Spandana Sphoorty Financial, plans to sell a part of her 14.5% share in the firm she left one-and-a-half years ago following a dispute with the majority shareholder Kedaara Capital. With an immediate aim to raise INR1bn ($13m), she intends to invest the sum in her new venture Keertana Finserv and secure a separate NBFC-MFI licence. Gangireddy has engaged an investment banker to strike a block deal to sell a part of the holding.

2023-05-31T19:45:46+05:30

Welspun Corp Q4 Results: Net profit falls 9% YoY to Rs 240 crore

Welspun Corp posted a net profit of INR 240.08 crore for Q4 2021-22, down 8.9% YoY. Total income rose to INR 4,132.38 crore from INR 2,413.48 crore in the same quarter of the previous year, while expenses rose to INR 3,835.55 crore from INR 2,033.16 crore. Chairman of Welspun Group, B.K. Goenka, said the company's operational progress in new businesses will result in significant value creation for stakeholders in addition to growth in the existing portfolio. Welspun Corp is one of the world's largest manufacturers of large-diameter pipes, present in 50 countries.

2023-05-31T19:31:12+05:30

US stocks open lower ahead of debt ceiling deal vote

Another round of earnings highlighted the pinch of higher prices being felt by corporate America.

2023-05-31T19:18:18+05:30

Govt to sell up to 3% stake in Coal India via OFS

The government will offload about 9.24 crore shares, which represents about 1.5% stake through the OFS, and in the case of oversubscription, an additional 1.5% stake will be under sale.

2023-05-31T19:01:19+05:30

Stock Radar: Hit 52-week high in May! Aditya Birla Capital is a buy-on-dip stock; here's why

Financial services firm Aditya Birla Capital's stock has since bounced back after finding support at its 50-day moving average, the stock price is now consolidating. Traders with a high appetite for risk can purchase the stock, according to experts, with a possible short-term target of Rs 200.

2023-05-31T18:41:53+05:30

​May Auto Sales Preview: Here's what to expect from top automakers

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2023-05-31T18:38:37+05:30

SEBI cancels Certificate of Registration of Karvy Stock Broking

A month ago, the Securities and Exchange Board of India had banned the brokerage from the securities market for misappropriating clients' funds. The company was declared a defaulter and expelled by the stock exchanges in November.

2023-05-31T18:33:45+05:30

Top 5 global equity mutual funds for investors with high risk appetite

International equity mutual funds offer currency depreciation benefits and growth in different economies and sectors, suitable for aggressive investors with a long investment horizon. Economic Times suggested five funds suitable for investors with appetite for taking higher risk and tolerance for enduring market volatility, which have given inflation beating returns over 3-5 years. The funds are DSP World Mining Fund, Invesco India-Invesco Global Equity Income FoF, Motilal Oswal Nasdaq 100 FOF, Aditya Birla Sun Life Commodity Equities Fund, and ICICI Prudential US Bluechip Equity Fund.

2023-05-31T18:04:09+05:30

Rajesh Gopinathan bids farewell to TCS: Look, how the IT giant moved under his tenure

He will be succeeded by K. Krithivasan, currently the global head of BFSI Business Group at TCS

2023-05-31T17:44:19+05:30

Up 142% in one year! This multibagger stock is set to trade ex-dividend tomorrow

Aptech's shares, which have risen 142% in the last year and 65% this year alone, will trade ex-dividend tomorrow after the announcement of the approval of an interim dividend of INR6 per share. However, the payment of the dividend is subject to the annual general meeting's approval. The company has also proposed a 2:5 bonus issue to existing shareholders. Aptech, a provider of computer training and multimedia services, registered a net profit of INR33 crore in Q1, up 43% YoY, while revenues during the quarter jumped to INR137 crore from INR38 crore.

2023-05-31T17:34:35+05:30

Tech View: Nifty50 ends lower on daily charts; what should traders do on Thursday?

Analysts predict that the Indian stock market will experience a consolidation phase, with the Nifty50 expected to find support at the previous swing high of 18,459, and resistance at the 18,650-18,730 levels. A further correction is likely if the support fails to hold. The trend is expected to remain sideways to positive, and a decisive close above 18,600 is needed to drive a further uptrend. If the index falls below 18,500, it may trigger additional selling pressure, according to experts.

2023-05-31T17:30:41+05:30

Share market update: Most active stocks in today's market in terms of volume

The NSE Nifty index closed 99.45 points down at 18534.4

2023-05-31T17:28:05+05:30

Gold jumps Rs 455; silver climbs Rs 500

Gold prices jumped by Rs 455 to Rs 60,400 per 10 grams in the national capital on Wednesday amid strong global trends, according to HDFC Securities. In the previous trade, the precious metal had finished at Rs 59,945 per 10 grams

2023-05-31T17:20:41+05:30

Stock market update: Nifty Realty index advances 0.76%

The Nifty Realty index closed 0.76 per cent up at 478.8.

2023-05-31T17:12:46+05:30

Stock market update: Mining stocks down as market falls

The 30-share BSE Sensex closed down 346.89 points at 62622.24

2023-05-31T17:07:34+05:30

Breakout Stocks: What should traders do with Jindal Saw, KPIT Technologies, and AstraZeneca Pharma on Thursday

Sectorally, buying was seen in telecom, consumer durables, realty, and healthcare stocks, while some selling was seen in energy, metal, oil & gas, and utilities.

2023-05-31T17:06:18+05:30

Stock market update: Stocks that hit 52-week lows on NSE in today's trade

ONGC, Axis Bank, SBI, RIL and HDFC were among the top losers on NSE in today's trade.

2023-05-31T17:02:20+05:30

Stock market update: Nifty Pharma index advances 0.58%

The Nifty Pharma index closed 0.58 per cent up at 12678.4.

2023-05-31T16:52:03+05:30

Share market update: Most active stocks of the day in terms of traded value

The NSE Nifty index closed 99.45 points down at 18534.4

2023-05-31T16:46:50+05:30

Gainers and Losers: Bharti Airtel, RIL among 5 stocks hogging limelight on Wednesday

While the Sensex closed at 62,622.24, down 346.89 points, broader market Nifty50 settled at 18,534.40, up by 99.45 points or 0.53%​

2023-05-31T16:45:50+05:30

Stock market update: Sugar stocks down as market falls

The 30-share BSE Sensex closed down 346.89 points at 62622.24

2023-05-31T16:41:39+05:30

Stock market update: FMCG stocks up as market falls

The 30-share BSE Sensex closed down 346.89 points at 62622.24

2023-05-31T16:36:25+05:30

Stock market update: Power stocks down as market falls

The 30-share BSE Sensex closed down 346.89 points at 62622.24

2023-05-31T16:26:01+05:30

Never underestimate the power of simplicity! Especially in stock markets

ETMarkets is hosting a day-long webinar on June 3 with leading women traders to help traders navigate the market charts and develop effective risk management techniques. The event features sessions on the identification of multibaggers, momentum-based trading, basics of technical analysis, risk management, and different trading strategies. The webinar aims to help participants build a solid foundation in technical analysis, identify market trends, optimize entry and exit points, and make well-informed decisions. Nothing complex but effective.

2023-05-31T16:24:28+05:30

SME IPO Tracker: Infollion Research offer subscribed 182 times; Comrade Appliances issue subscribed 21% so far on Day One

Comrade Appliances and Sahana System have opened their initial public offerings (IPOs) for subscription today, while Infollion Research Services' IPO is closing today. Comrade Appliances' IPO was subscribed 21% on day one, with the retail category doing well with a 45% subscription, while Sahana System's IPO was subscribed 22% on day one. The net proceeds from both IPOs will be used for working capital requirements and general corporate purposes. Infollion Research's IPO was subscribed by 182% so far, and the company plans to raise up to INR 21.45 crore ($3.06 million) at the upper end of the price band at Rs 80-82 per equity share.

2023-05-31T16:19:19+05:30

Stock market update: Fertilisers stocks down as market falls

The 30-share BSE Sensex closed down 346.89 points at 62622.24

2023-05-31T16:15:41+05:30

India's top 10 most valued retail companies

2023-05-31T16:12:53+05:30

When is the best time to buy your own house? Harsh Roongta answers

It is also a social signalling tool. You are signalling to the rest of the society that, see, I not only have the amount for the down payment, but I am also confident of my prospects, income earning prospects in the future.

2023-05-31T16:11:00+05:30

Stock market update: Stocks that hit 52-week highs on NSE in today's trade

Arman Financial, Jindal Saw, Jeena Sikho Lifecare, Tega Industries and IZMO, hit their fresh 52-week highs during the day.

2023-05-31T16:10:29+05:30

Stock market update: Nifty Bank index falls 0.69%

The Nifty Bank index closed 0.69 per cent down at 44128.15.

2023-05-31T16:00:09+05:30

What type of covers come under home insurance? Vivek Chaturvedi explains

If you are the owner of the house and you are staying in the house, you would want to take both. You may want to take a comprehensive cover which covers both the content and structure/ fixtures of the house. So both the things are possible. People can choose what they want to choose depending upon what is the requirement of the person.

2023-05-31T16:00:00+05:30

Why you shouldn't time your investments in an actively managed strategy: Kaustubh Belapurkar answers

​But remember, if you have to make an investment into a benchmark, it is typically an index fund or an ETF and there are obviously costs associated with that too.

2023-05-31T16:00:00+05:30

Rupee sees worst month of 2023 on dollar strength

The Indian rupee had a nearly stable day against the US dollar, closing at 82.7225, but marked its worst monthly performance, with a 1% fall in May 2023. The dollar's strength caused the drop, but inflows from MSCI Index rebalancing into equities helped offset the weakening rupee. The rupee’s technical support level is familiar and has held steady before, adding to some stability. Investors are watching the US House of Representatives' debt ceiling legislation debate, as well as Friday's US jobs data and India's GDP data due later on Wednesday.

2023-05-31T15:56:24+05:30

Sensex tumbles 347 pts, Nifty below 18,550; Suzlon Energy rallies 10%, ONGC drops 5%

2023-05-31T15:51:54+05:30

Allcargo Logistics Q4 Results: Net profit declines 78% to Rs 52 cr

Allcargo Logistics reported a 78% YoY decline in Q4 FY23 consolidated net profit to INR 51.9 crore ($7m), compared to INR 240.55 crore in Q4 FY22. The company said the decline was largely due to the fall in ocean freight rates in its less-container-load business. Total income from continued operations fell 37.5% YoY to INR 3,415.4 crore. For the full FY23 year, the company's profit from continuing and discontinuing operations dropped 48% YoY to INR 653.21 crore, while total income from continuing operations fell 5%. Allcargo also announced the appointment of Adarsh Hegde as its managing director.

2023-05-31T15:23:04+05:30

How diversified funds are different from sector funds

2023-05-31T15:05:17+05:30

​FMCG pack at record high! Checkout top 5 stocks that can fetch up to 15% returns

Nifty FMCG index hit a record high at Rs 51,029 on Tuesday on the back of index heavyweight ITC.

2023-05-31T14:48:23+05:30

Crypto Price Today: Bitcoin falls below $27,200; Polkadot, Litecoin shed up to 3%

Bitcoin fell by 2.44% to $27,154 while Ethereum dropped below $1,900. Bitcoin's volume increased by 20.54% in the last 24 hours, standing at approximately $15.30 billion. The total volume in DeFi accounts for 7.68% of the total crypto market's 24-hour volume. Stablecoins hold a volume of $31.64 billion, representing 92.6% of the total crypto market's 24-hour volume. The global cryptocurrency market cap fell 1.76% to approximately $1.14 trillion, and Bitcoin's market cap stood at around $526 billion, with a dominance of 46.31%.

2023-05-31T14:44:43+05:30

Bears are back! Sensex ends 4-day bull run: 5 factors behind today's selloff

Indian benchmark equity indices, the Sensex and Nifty, ended in the red on Wednesday due to weak global markets, with banks and financials being the biggest decliners. Despite experiencing a robust recovery recently, the negative signals from global peers such as weak factory activity data from China and concerns over a recession and potential interest rate hikes in western markets are impacting the domestic market. Moreover, profit booking was prevalent in bank and financial services stocks after four days of consecutive rallies. MSCI's rebalancing also affected the market, with Adani Transmission and Adani Total Gas seeing a decline.

2023-05-31T14:43:07+05:30

Fitch revises Oyo's outlook to 'positive', affirms ratings

​Fitch affirmed the ratings on the $660 million senior secured term loan facility due 2026, issued by Oyo's fully owned subsidiary, Oravel Stays Singapore, at 'B-'. The outlook revision is on the optimism that Oyo is on track to generate positive EBITDA and cash flow from operations sustainably, driven by a greater reduction in operating costs despite weaker-than-expected growth in gross booking values (GBV) in FY23.

2023-05-31T14:39:22+05:30

European shares touch two-month low on dismal China data

The main regional stock markets were set for monthly losses, with London's FTSE 100 and Paris' CAC 40 among the worst hit. Both the indexes were also trading at a two-month low on Wednesday.

2023-05-31T14:38:11+05:30

Rosneft Q1 Results: Net profit up 45.5% QoQ at $4 billion, more than expected

It also said its core profit (EBITDA) increased in January-March to 672 billion roubles, up 25.1% from the previous three months, while revenue edged down 1.1% to 1.823 trillion roubles.

2023-05-31T14:35:03+05:30

Crypto here to stay, must be regulated: Hong Kong treasury chief

Hong Kong will allow retail investors to trade cryptocurrencies under a new regulatory system, with applications for licences from crypto exchanges being accepted by authorities from 1 June. The city's finance hub decided to open up to crypto after initial hesitancy because virtual assets "are going to stay", according to the government's secretary for financial services and the treasury, Christopher Hui. Hong Kong plans to become a major digital asset hub, with authorities imposing risk-exposure limits on traders and requiring crypto exchanges to assess clients' knowledge of cryptocurrencies and their risk tolerance.

2023-05-31T14:32:43+05:30

Former Coinbase manager, brother agree to settle SEC insider trading charges

Former Coinbase product manager, Ishan Wahi, and his brother, Nikhil Wahi, have agreed to settle civil charges filed by the US Securities and Exchange Commission (SEC) related to the insider trading of crypto asset securities. They are accused of trading ahead of at least nine announcements about crypto asset securities that would become available on Coinbase's platform. The brothers previously pleaded guilty to the charges of providing confidential information. Ishan Wahi was previously sentenced to two years in prison and Nikhil Wahi to 10 months in prison. Neither brother received a penalty in this settlement.

2023-05-31T14:29:26+05:30

Multibagger FMCG smallcap declares 1:10 stock split, Rs 5 dividend

BCL Industries, part of the Mittal Group that makes edible oils and manufactures ethanol, has approved a share split ratio of 1:10, subject to shareholder and other required approvals. This move is primarily aimed at increasing stock liquidity in the market. As per the company filing, shareholders holding the shares until the record date will receive the new shares in demat accounts, and the stock price will be adjusted accordingly. Additionally, the board has also proposed an equity dividend of INR 5 per share of face value of INR 10 for the previous financial year, to be approved at AGM.

2023-05-31T14:29:19+05:30

No plans to increase convenience fees going ahead: Rajni Hasija, IRCTC

​If you ask me, the numbers, the revenue in this year has been to the tune of Rs. 3540 crore, which is all-time high in the history of IRCTC, whereas we had given a revenue of Rs. 1878 crores in the previous year.

2023-05-31T14:22:14+05:30

Share price of Tube Investments falls as Sensex drops 466.91 points

Promoters held 45.95 per cent stake in the company as of 31-Dec-2022, while FII and DII ownership stood at 28.92 per cent and 10.34 per cent, respectively.

2023-05-31T14:14:57+05:30

SME IPO tracker: Infollion Research offer subscribed 5.68 times; CFF Fluid Control issue subscribed 54% so far

Infollion Research's initial public offering (IPO) has been subscribed 5.68 times on Day 2, with one day remaining. The IPO includes a fresh issue of 22.24 lakh units and an offer for sale of up to Rs 3.92 lakh shares, priced between Rs 80-82. Infollion Research Services runs a marketplace catering to on-demand contingent hiring and work arrangements. The net proceeds will be used to fund expansion into the US and adding new freelancer categories. CFF Fluid control's IPO has so far been subscribed 54% on Day 1. The company's offer is a fresh issue of 52 lakh equity shares.

2023-05-30T17:30:14+05:30

SME IPO: CFF Fluid Control issue to open for subscription on Tuesday. 10 things to know about the issue

CFF Fluid Control is set to launch an initial public offering, with plans to close subscriptions on June 2 and list on the BSE SME platform on June 12. The Indian company specialises in manufacturing and servicing shipboard machinery for the Indian Navy, as well as systems for clean and nuclear energy. The issue offers 52 million equity shares for sale at Rs165 ($2) apiece, with the company hoping to raise up to INR858m ($13m). The retail-to-institutional investor ratio is 50:50. The cash raised will repay loans, fund working capital requirements and pay for equipment and "general corporate purposes.

2023-05-29T16:41:49+05:30

Krishca Strapping Solutions lists at 120% premium

Krishca Strapping, a manufacturers of high-tensile steel straps, seals, and tools, raised around ₹18 crore through the IPO, which was subscribed 244.92 times.

2023-05-27T07:54:08+05:30

SME IPO: Crayons Advertising subscribed 147 times, listing on June 2

Crayons Advertising's IPO received an overwhelming response, with subscriptions totaling INR 4,104.67 crore, or 147.61 times the offer size. The retail portion of the offering was subscribed 169.94 times, while the non-institutional category secured 231.94 times the shares on offer. The qualified institutional buyer (QIB) portion was also oversubscribed. Based on the demand, the shares of the firm are set to be listed on June 2. The company plans to use the public issue proceeds to invest in its infrastructure and deploy cutting-edge technology.

2023-05-26T17:01:06+05:30

Happy Forgings plans up to Rs 1,200 crore IPO

Happy Forgings is now the largest supplier of forged and machined components to the automotive industry's commercial vehicles and tractor segments. Together, these two segments constitute 75% of its total revenues.

2023-05-26T06:11:11+05:30

Ola Electric plans up to $1b IPO at $10b valuation

The Bengaluru headquartered company has roped-in Goldman Sachs, ICICI Securities, Axis Capital, and Kotak Securities as the lead managers for its initial public offering. An email sent to an Ola Electric spokesperson remained unanswered. Goldman Sachs, Axis Capital and Kotak Securities didn’t respond to the queries, while ICICI Securities’ spokesperson declined to comment

2023-05-25T17:47:29+05:30

SME IPO: Infollion Research Services' public issue opens on May 29. Top 10 things to know

Infollion Research Services, a tech-oriented B2B human cloud marketplace, plans to raise up to INR 21.45 crore through its initial public offering (IPO), with a price band set at INR 80-82 per equity share. The IPO will open on May 29 and stay available till May 31. The proceeds will be used to expand services into the US and Western European regions, add new categories of freelancers and for technology development. Infollion's shares are reportedly trading at a premium of INR 44 in the unlisted market.

2023-05-25T16:13:04+05:30

Ola Electric aims for IPO by 2023-end, hires Goldman, Kotak: Report

Ola Electric, which makes electric scooters, is backed by investors such as SoftBank Group Corp and Tiger Global Management, and was valued at $5 billion in its last fundraise in 2022.

2023-05-25T14:18:04+05:30

SME IPO tracker: Hemant Surgical Industries issue subscribed 2.45 times; Proventus Agrocom's offer subscribed 4% so far on Day 1

The issue will be available for public subscription till May 26. The company has fixed the price band for the offer at Rs 85-90. Investors can bid for 1600 shares in 1 lot and in multiples thereof.

2023-05-24T17:52:22+05:30

SME IPO Tracker: Vasa Denticity gets muted response on Day 1; Auro Impex and Chemicals sees flat listing

The initial share sale of dental products e-commerce company Vasa Denticity had a slow start with only 7% subscription on the first day, including 14% by retail investors and 3% by non-institutional investors. The company plans to raise up to Rs 54.06 crore with a price band of Rs 121-128 per share. The IPO will remain open for public subscription until May 25. Meanwhile, Auro Impex and Chemicals Ltd listed on the NSE Emerge platform after a successful IPO that was subscribed 67 times.

2023-05-23T19:02:27+05:30

Pune-based IT firm Vinsys completes pre-IPO round at Rs 200 cr valuation

Indian software company Vinsys has closed a pre-IPO funding round valued at INR 200cr ($27m) and featuring Singapore's NAV Capital Emerging Star Fund and Swiss-based xMultiplied, among other investors. The Pune-based firm offers customised training courses for various sectors and employs over 800 certified IT professionals. Vinsys is planning to list on an SME exchange platform, and is seeking to expand into new markets, including the US and Europe. For the year ending March 2023, it posted revenues of INR 157.30 crore and a net profit of INR 16.02 crore.

2023-05-22T16:50:30+05:30

SME IPO: Crayons Advertising public offer fully subscribed within hours of opening on Day 1

Indian advertising agency, Crayons Advertising's initial public offering (IPO) was fully subscribed on the first day, driven by retail investors. Retail investors subscribed 3.13 times of the shares on offer, and the issue received bids that were 1.59 times the number of shares on offer. The company aims to raise around INR417.9m ($5.6m) from the IPO. The company has set the price band of INR62-65 per share, with the shares expected to debut on the NSE Emerge. The funds collected will be used to invest in the company's infrastructure and advanced technology.

2023-05-22T15:08:51+05:30

ECGC IPO likely to be pushed to next fiscal amid volatility

The initial public offering (IPO) of state-run ECGC, India's largest export credit insurance firm, is likely to be postponed to the next financial year due to volatile export market conditions, said sources. Factors like the Russian-Ukraine war and monetary tightening by central banks may adversely affect the company's valuation if the IPO is rushed.

2023-05-21T08:16:08+05:30

DRHP filing for IREDA listing likely in 6 months

The government is planning to offload up to 25% stake in IREDA. It has decided to appoint SBI Capital Markets, BoB Capital Markets and IDBI Capital Markets and Securities as merchant bankers and Saraf and Partners as legal advisor for the IPO, said the official.

2023-05-19T23:17:16+05:30

SME IPO: Hemant Surgical issue to open on May 24. 10 things to know about the offer

Hemant Surgical is planning to issue fresh equity shares of up to 27.6 lakh at a price band of Rs 85-90 per share. The company has reserved 35% of the issue for retail investors. The company has fixed QIB quota at 50% and NII quota at 15%. The GMP of the issue is expected to be around Rs 7. The company intends to use the net proceeds for funding capital expenditure towards installation of additional plant and machinery, meeting working capital requirements

2023-05-19T15:05:38+05:30

Vasa Denticity SME IPO: 10 things to know about the public offer

Vasa Denticity is a Dental Products E-Commerce company, having 10,000+ SKUs, 30 owned brands, and 300 domestic & international brand tie-ups. The company is selling its products through the online portal 'DentalKart.com' & through the mobile application 'Dentalkart'

2023-05-18T21:41:00+05:30

Nexus Select Trust REIT IPO listing likely on Friday. What to expect

Nexus Select Trust is expected to list on the exchanges on May 19 and is expected to have a marginal premium of Rs 2.50 in the unlisted market. The company is offering a pre-tax yield of 8% in FY24 at the upper price band.

2023-05-18T15:41:14+05:30

Crayons Advertising SME IPO: 10 things you must know before investing

Crayons Advertising plans to use the proceeds from its upcoming public offering to invest in setting up its own film and animation studios and to enhance its existing foundation of Web3 capabilities to offer more dynamic Metaverse solutions, including AR, VR and other emerging immersive tech. The public issue proceeds will be utilised for capital expenditure on infrastructure and cutting-edge technology.

2023-05-18T12:46:22+05:30

Manyavar promoters to launch OFS

The base issue comprises up to 1.70 crore shares of the company representing 7% of the total equity, with a green shoe option of 69.88 crore shares representing 2.88% stake.

2023-05-18T06:49:56+05:30

SME IPO: Remus Pharmaceuticals gets muted response on Day 1. 8 key things to know about the issue

Remus Pharmaceuticals is planning to raise Rs 47 crore through its initial share sale. The company is engaged in the business of marketing and distribution of finished formulations of pharmaceutical drugs. It also deals in APIs and provides technical consultancy services to various distributors for preparation of reports on the dossiers of the products to be registered by them in various countries. The IPO comprises an issue of 3.8 lakh equity shares of face value of Rs 10 each and the company plans to raise about Rs 47 crore from

2023-05-17T21:40:54+05:30

SME IPO: Crayons Advertising IPO to open on May 22, price band fixed at Rs 62-65

Crayons Advertising, a homegrown integrated advertising agency, is set to go public on Monday, May 22, with a price band of Rs 62-65 per share. The company plans to use the proceeds from the public issue to invest in setting up its own film and animation studios and enhancing its existing foundation of Web3 capabilities to offer more dynamic Metaverse solutions, including AR, VR, and other emerging immersive tech.

2023-05-17T13:26:42+05:30

SME IPO: Krishca Strapping Solutions gets strong response on Day 1. 10 things to know about the issue

Krishca Strapping Solutions has announced its Initial Public Offering (IPO), planning to raise Rs 18 crore. The manufacturing company, incorporated in 2017, specializes in making and selling high-quality steel straps, steel seals, strapping tools and other packaging solutions. The IPO's size consists of up to 33.2 lakh equity shares with a face value of Rs 10 each. The company has a steel strapping capacity of 18,000 MT annually and aims to use the net proceeds for setting up a new strapping line, repayment of debt and for other corporate purposes.

2023-05-16T21:37:03+05:30

Blackstone Group-backed Nexus Select Trust REIT to list on Friday

Nexus Select Trust, India's first retail assets-led real estate investment trust (REIT), backed by Blackstone Group, has raised over INR1.44bn ($19m), accounting for 45% of a $429m IPO, from 16 institutional investors in its fully-subscribed anchor book. The REIT owns 17 assets across 14 cities with Mumbai, Bangalore and Delhi being the primary markets. At the upper end of the IPO's price band, which was INR95-100 per unit, the issue was subscribed 6.55 times in the non-institutional investor category and 5.06 times by institutional investors.

2023-05-15T16:52:54+05:30

Nexus Select Trust REIT IPO allotment expected tomorrow. Here's how you can check status

Nexus Select Trust REIT IPO's share allotment is set to take place on May 16th, with the process being supervised by the registrar. Investors may receive shares based on a lottery basis. Investors can check their allotment status through the BSE or the registrar's website. Currently, Nexus Select Trust shares are commanding a premium of ₹2 in the unlisted market. The company aims to offer a pre-tax yield of 8% in FY24, at the upper price band, and will be India’s first REIT with rent-yielding retail real estate assets.

2023-05-15T16:06:53+05:30

Jupiter Hospital files DRHP with Sebi for Rs 900-1,100 crore IPO

Sources told ET that the total IPO size would be Rs 900 - 1,100 crore, and the company may consider a Pre IPO placement of Rs 123 crore.

2023-05-12T12:50:05+05:30

Nexus Select Trust IPO subscribed 5.7x

The issue received over 155,000 applications and the institutional investor portion was subscribed 5.06 times while the other investor portion witnessed 6.55 times subscription at the upper end of the price band of ₹95-100 per unit.

2023-05-12T05:50:22+05:30

Nexus Select Trust REIT issue closes with 5.74 times subscription

Nexus Select Trust's Rs 3,200-crore Initial Public Offering (IPO) that aims to establish India's first retail assets-led Real Estate Investment Trust (REIT), has been successful, with a total subscription of 5.74 times. The REIT had raised over Rs 1,440 crore through its anchor book, which was subscribed to by 16 institutional investors. The issue received over 1.55 lakh applications, while the institutional investor portion was subscribed 5.06 times, and the investor portion witnessed 6.55 times subscription at the upper end of the price band of Rs 95-100 per unit.

2023-05-11T20:05:24+05:30

Nexus Select Trust REIT IPO sails through on Day 3

India's Rs 3,200 crore ($435m) initial public offering (IPO) of Blackstone-backed Nexus Select Trust, a real estate investment trust (REIT), was fully subscribed on the third day of bidding. The institutional investor segment was subscribed 1.32 times with other investors seeking 1.87 times. The issue is a mix of fresh-share offer and an offer for sale portion, gaining Rs 1,440 crore on the day before the issue opened from institutional investors. If the IPO touches the upperband of Rs 100, Nexus will have a market cap of Rs 15,150 crore, offering a pre-tax yield of 8% in FY24.

2023-05-11T13:06:11+05:30

JSW Infrastructure files papers for Rs 2,800-cr IPO

The ports business of the Sajjan Jindal-led JSW Group plans to deploy the proceeds of the public issue to retire its debt and fund capacity expansion projects. The IPO is entirely a fresh share issue.

2023-05-11T05:57:54+05:30

Nexus Select Trust REIT IPO receives 57% subscription on Day 2 of offer

Nexus Select Trust, the first Real Estate Investment Trust (REIT) backed by rent-yielding retail real estate assets, has been subscribed 57% on the second day of the Rs3,200 crore ($434m) Initial Public Offering (IPO), according to an update. The non-institutional investors' category has been fully subscribed while the qualified institutional buyer’s share was subscribed 17%. Blackstone sponsors the REIT, which has a portfolio of 17 operational shopping malls, two hotels and office spaces across 14 cities in India including New Delhi's Select City Walk. The issue runs until 11 May.

2023-05-10T19:52:08+05:30

JSW Infrastructure files DRHP to raise up to Rs 2,800 crore via IPO

The JSW Infrastructure IPO is the third public listing by the JSW Group and follows 13 years after the public listing of JSW Energy in January 2010. JSW Infrastructure Promoters will not be diluting their current stake.

2023-05-10T10:38:41+05:30

Mankind Pharma rallies 32% on day 1

At Tuesday's closing price, Mankind Pharma was valued at a price-to-earnings ratio of 43 times its FY22 earnings. Mankind is now India's fifth largest pharma company by market value of ₹57,046 crore. Sun Pharma, Divi's Lab, Dr. Reddy's Lab, and Cipla are currently valued between ₹75,284 crore and ₹2.31 lakh crore.

2023-05-10T05:39:11+05:30

Nexus Select REIT IPO subscribed 28% on Day 1, non-QIB portion subscribed 42%

Nexus Select Trust real estate investment trust (REIT), which includes a fresh offering and OFS portion, was subscribed 28% on the first day of the IPO. The REIT has a price band of Rs 95-100 per unit and closed on May 11. A day ahead of the IPO, Nexus raised Rs 1,440 crore from anchor investors. At the upper band of Rs 100 per unit, the company has a market cap of Rs 15,150 crore and offers a pre-tax yield of 8% in FY24. It is the largest mall platform in India and includes 17 high-quality assets.

2023-05-09T20:45:45+05:30

Nexus Select Trust REIT IPO: India’s first rental yielding retail REIT opens. Should you subscribe?

Nexus Select Trust plans to raise Rs 3,200 crore through an 3-day IPO opening on 9 May. The firm is the owner of India's largest mall platform consisting of 17 assets. The trust will become India's first REIT with rent-yielding retail estate assets, with the IPO comprising a fresh offering and OFS portion worth up to Rs 1,800 crore.

2023-05-09T09:42:03+05:30

Mankind Pharma IPO: What GMP signals ahead of listing on Tuesday

Mankind Pharma is set to list on May 9 with a premium of Rs 120 apiece according to grey market trends. The company is valued at a price-to-earnings ratio of 30 times FY22 earnings and has a market capitalisation of Rs 44,000 crore. The initial share sale of the company was subscribed 15.32 times with strong interest from QIBs and is the largest IPO so far this year. The company has 25 manufacturing facilities across India, a dedicated in-house R&D centre and a team of over 600 scientists.

2023-05-08T15:48:39+05:30

Alibaba logistics arm eyes up to $2 billion Hong Kong IPO: Reports

Cainiao Network Technology's initial public offering (IPO) plan comes after Alibaba flagged in late March it would split its business into six units and that most of them would explore capital raisings or market debuts to help fund future growth.

2023-05-08T09:27:58+05:30

TPG-backed RR Kabel files IPO papers with Sebi

RR Kabel proposes to utilise the net proceeds towards the funding of repayment or prepayment, in full or in part, of borrowings availed by the Company from banks and financial institutions estimated to be Rs 170 crores.

2023-05-07T13:19:34+05:30

GoI, Vedanta likely to discuss Balco IPO

The government wants Vedanta to list Balco (formerly Bharat Aluminium Co) so that it can offload a part of its stake through the initial public offer (IPO) route before exiting the company fully in due course, said the persons cited above.

2023-05-06T07:19:13+05:30

Select Citywalk, Elante Mall & more: India's largest mall platform - Nexus Select to launch REIT IPO on May 9

2023-05-03T16:57:28+05:30

Nexus Select Trust REIT IPO: 10 things to know about the first retail asset offering in India

India's first retail asset offering, Nexus Select Trust, will launch its IPO on May 9, closing on May 11, with a price band for its initial shares of between INR 95-100 ($1.28-$1.35). The company, which has 17 high-quality mall assets in 14 cities across India with a total leasable area of 9.2 million sq ft, is the country's largest mall platform. The IPO comprises a fresh issue of shares worth INR 1,400 crore and a sale of existing shares of up to INR 1,800 crore.

2023-05-03T15:45:40+05:30

Nexus Select Trust REIT IPO: Price band announced, check dates

Nexus Select Trust is India’s largest mall platform of 17 high-quality assets, strategically located in dense residential catchments across 14 prominent cities such as Delhi (Select Citywalk), Navi Mumbai (Nexus Seawoods), Bengaluru (Nexus Koramangala), Chandigarh (Nexus Elante), Ahmedabad (Nexus Ahmedabad One) among others.​

2023-05-03T09:08:19+05:30

Tata Play, ideaForge get nod for IPOs

Tata Play and drone maker ideaForge Technology have both received regulatory approval from the Securities and Exchange Board of India (Sebi) to raise funds through initial public offerings (IPOs). Tata Play was the first company in India to use the confidential pre-filing of draft papers option for an initial share sale in December 2022, and obtained the regulator's observation letter on April 26.

2023-05-03T08:01:23+05:30

Leading drone maker ideaForge gets Sebi nod for IPO

The public issue comprises a fresh issue of Rs 300 crore and an offer for the sale of 48.69 lakh equity shares. The offer also includes a reservation for a subscription by eligible employees.

2023-05-02T20:32:35+05:30

Fincare SFB files draft papers with Sebi to raise funds via IPO

The IPO comprises fresh issues of up to Rs 625 crore and an offer for sale (OFS) aggregating up to 1.7 crore equity shares by promoter and investor selling shareholders.

2023-05-02T19:40:32+05:30

Sebi returns IPO papers of Akme Fintrade

The company filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) on February 16.

2023-05-02T19:31:05+05:30

Mankind Pharma IPO: GMP rises ahead of likely share allotment tomorrow. Here's how to check status

Mankind Pharma's Rs 4,326 crore initial public offering (IPO), the largest by a domestic drug maker so far in 2021 and with a 15.32 times subscription rate, will have share allotments made on 3 May via a lottery. Retail investor bids for the offer-for-sale fell below 100%. The IPO values Mankind Pharma at a price/earnings ratio of 30 times FY22 earnings, with its shares said to command a Rs 95-98 premium in the unlisted market, indicating an expected premium of 9% for the company when it lists. Mankind Pharma has 25 manufacturing facilities in India.

2023-05-02T14:10:15+05:30

Blackstone-backed Nexus Select Trust's Rs 3,200 cr REIT IPO to open on May 9

The portfolio is 96% leased with a diversified tenant base of over 1,000 national and international brands like Apple. Zara, H&M, Uniqlo, Sephora, Superdry, Lifestyle, Shoppers Stop, Starbucks, McDonalds among others across around 3,000 stores.

2023-04-30T09:42:46+05:30

Eye on SME IPOs! 150-200 companies could enter D-Street in FY24

Industry experts predict that in FY24, more small and medium-sized (SME) companies will plan to go public, further increasing the amount of money raised, following over 100% YoY growth. In FY2022-23, IPOs collectively raised over INR 2,200 crore ($296m). This was achieved through 125 issues, and it is expected that 150-200 companies from this sector could list on Indian stock exchanges in FY24. Hem Securities has supported around 80 SMEs to become listed, with many instances of over 100% returns. The objective of the SME IPO Conclave was to encourage entrepreneurs to list and share success stories.

2023-04-29T09:23:27+05:30

Blackstone's Nexus Select REIT files offer document for Rs 3,200-cr IPO

The portfolio is 96% leased with a diversified tenant base of over 1,000 national and international brands like Apple. Zara, H&M, Uniqlo, Sephora, Superdry, Lifestyle, Shoppers Stop, Starbucks, McDonalds among others across around 3,000 stores.

2023-04-28T20:57:53+05:30

Reliance targeting Jio Financial listing as soon as October: Report

The conglomerate, controlled by billionaire Mukesh Ambani, is in talks with Indian regulators to secure the necessary approvals for the market debut of Jio Financial Services Ltd. in Mumbai, one of the people said, asking not to be identified as the information is private. The parent is holding a meeting of shareholders and creditors on May 2 to vote on the plan to spin off and list the unit, according to an exchange filing in March.

2023-04-28T18:37:08+05:30