IPO
State-run Wapcos files draft papers for IPO
Wapcos is a central public sector enterprise under the administrative control of the ministry of Jal Shakti
IPO
Electronics Mart IPO to run from October 4-7, eyes Rs 500 crore fundraise
Anchor investors can place their bids on 3 October. The finalisation of the basis of allotment will take place on 12 October and shares will be credited to the demat account of successful bidders on 14 October.
MARKETS
Indian rupee weakens past 81-mark for first time against US dollar
This was the seventh out of eight sessions when the currency dropped and lost over 2.51% in this period. So far this year, it fell around 8.48%.
IPO
Divgi Torqtransfer files draft papers to raise funds through IPO
The company is the one of the leading players supplying transfer case systems to OEMs in India. It is also the largest supplier of transfer case systems to major passenger vehicle manufacturers.
AUTOMOBILE
Royal Enfield parent Eicher Motors joins Rs 1-trillion MCap club
Earlier, Maruti Suzuki India Ltd, Tata Motors Ltd, Mahindra & Mahindra Ltd and Bajaj Auto have achieved this milestone.
EARNINGS
SBI becomes third Indian lender to surpass Rs 5 trillion market cap
SBI now ranks seventh most valued Indian company. Reliance Industries remains India's most-valued company, followed by Tata Consultancy Services, HDFC Bank, Infosys, ICICI Bank and Hindustan Unilever
IPO
Investors shrug off inflation worries, drive Nifty to scale 18,000 level
At the open, the BSE Sensex hit a high of 60,551 points, while the Nifty 50 touched the 18,000 mark for the first time since April. The rupee strengthened 0.54 percent to hit a six week high of 79.12 a dollar, while the 10-year bond yields dropped 4 bps to hit a near five-month low
IPO
Oyo, Snapdeal, Droom IPO plans await SEBI nod even after a year
The regulator said it is awaiting clarifications from the lead managers of these companies or has sought comments from other regulators and agencies
IPO
Harsha Engineers sets price band at Rs 314-330 a share for September 14 public issue
The IPO will open for subscription on September 14. The current grey market premium for the IPO stood at between Rs 140-150 a share
IPO
Harsha Engineers IPO opens for subscription on September 14
The IPO, which closes on September 16, consists of a fresh issue of Rs 455 crore and an offer for sale of shares worth up to Rs 300 crore
INDIA
Sensex, Nifty outperform global equity benchmarks since mid-August
India’s strong relative outperformance over the past few weeks may reflect investors’ belief about the Indian economy being in a relatively better position versus other economies
IPO
Vaibhav Jewellers files draft IPO papers with Sebi to raise funds
The IPO consists of a fresh issue of Rs 210 crore and an offer for sale of upto 4.30 million shares by its existing promoter Grandhi Bharata Mallika Ratna Kumari (HUF)
HEALTH-AND-FITNESS
Blue Jet Healthcare files draft papers with SEBI to raise funds via IPO
The IPO consists of a pure offer for sale of upto 21.68 million shares by its existing promoters and shareholders.
IPO
Bajaj Finance and Adani Transmission drive LIC out of 10 most valued companies league
Bajaj Finance and Adani Transmission have replaced LIC on the list of top 10 most valued firms with a market cap of Rs 4.4 trillion each
INDIA
FII flows into debt turn positive in August, but Jackson Hole prompts caution
However, inclusion of Indian sovereign bonds in global bond indices, if and when that happens, may funnel flows into domestic debt.
IPO
Tamilnad Mercantile Bank sets price band of Rs 500-525 a share
One of the oldest private sector banks in the country, Tamilnad Mercantile Bank offers a range of banking and financial services primarily to micro, small and medium enterprises, agricultural and retail customers.
IPO
Tamilnad Mercantile Bank IPO opens for subscription on September 5
The Thoothukudi-based private lender plans to use the proceeds towards augmenting its tier–I capital base to meet its capital requirements
SECTOR
Dreamfolks Services sets IPO price band at Rs 308-326 a share
Dreamfolks Services' has set a price band of its initial public offering at Rs 308-326 a share.
MARKETS
DIIs have sold equities worth more than Rs 4200 crore in August so far
So far this year, domestic institutional investors have bought shares worth nearly Rs 2.37 trillion, helping partly offset the pain from an exodus by foreign investors as the US Federal Reserve started raising interest rates.
INDIA
Lounge services provider DreamFolks' IPO opens Aug 24
India's largest airport lounge services aggregator is heading to IPO Street, at a time when India's aviation sector is looking ripe for a massive boost.
EARNINGS
Market Cap of BSE-listed companies hits record high of Rs 280.54 trillion
This record was notched up although benchmark indices, the BSE Sensex and Nifty, are still over 4% below their all-time highs, indicating that the rally has been led by smaller stocks.
EARNINGS
BSE Midcap, Smallcap advance nearly 20% from mid-June, beat benchmark indices
BSE Midcap from its June low advanced 19 percent, while BSE Smallcap climbed 20.04 percent, outperforming Sensex and Nifty which gained 15 percent each since
COMPANIES-2
Adani Transmission MCap touches Rs 4-trillion mark for the first time
The stock has become the 15th Indian listed firm and the second Adani Group company to achieve this milestone.
BUSINESS
Prem Watsa-backed Digit Insurance files draft documents for Rs 5,000-crore IPO
As per the draft documents, the company is looking to raise Rs 1,250 crore from a fresh issue of shares and through an Offer for Sale of 10.94 crore equity shares for an undisclosed amount
