SEBI Board Meeting Highlights: The Securities and Exchange Board of India (SEBI) held its board meeting today, marking the first meeting since Hindenburg Research raised allegations against Chairperson Madhabi Puri Buch regarding conflicts of interest and employee grievances.
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SEBI Meeting Highlights: No changes to index-derivatives rules, MF Lite framework for passive funds announced- all decisions explained
SEBI Board Meeting Highlights: The Securities and Exchange Board of India (SEBI) held its board meeting today, marking the first meeting since Hindenburg Research raised allegations against Chairperson Madhabi Puri Buch regarding conflicts of interest and employee grievances.
The live blog session has concluded. For more news, views and updates, stay tuned with Moneycontrol.com.
SEBI Board Meet outcome live: Market regulator eases LODR and ICDR Regulations; not all tax penalties and fines need to be disclosed henceforth
The market regulator has given more time to report certain material events, has said that disclosures relating to tax litigations and disputes need to be made based on materiality, and has made disclosure of fines or penalties mandatory only if it crosses a threshold as against disclosure of all fines/penalties within 24 hours.
Full story here.
SEBI Board Meet outcome live: Market regulator approves 'light-touch' rules for passive mutual funds
Markets watchdog Sebi board on Monday cleared a relaxed framework with 'light-touch' regulations for entities desirous of launching only passive mutual fund schemes.
MF Lite framework or light touch regulations include relaxed requirements relating to eligibility criteria for sponsors, including net worth, track record and profitability, the responsibility of trustees, approval process and disclosures, Sebi said in a statement.
SEBI Board Meet outcome live: Market regulator announces expansion of definition of connected person under insider trading regulations
Market regulator SEBI has announced the expansion of the definition of "connected person" under insider trading regulation.
In a release that was shared after the quarterly board meeting held on September 30, the regulator announced that the board has expanded the definition of connected person to include a firm or its partner or employee where a “connected person” is also a partner, as well as individuals sharing a household or residence with a “connected person.”
More details here.
SEBI Board Meet outcome live: Market regulator on investor friendly nomination norms
SEBI raises nominee limit to 10 & simplifies transmission process
SEBI Board Meet outcome live: SEBI approves proposal to ensure ODIs are subject to disclosure requirements
Market regulator SEBI announced changes to regulations governing ODI (Offshore Derivative Instruments) disclosures at its Board meeting.
At the board meeting, the regulator noted that a monitoring and compliance mechanism will be established to ensure that ODI-issuing Foreign Portfolio Investors (FPIs) submit relevant information about ODI subscribers to the depositories, as well as segregated portfolio-level information to the Designated Depository Participant (DDP) or Custodian.
Details here.
SEBI Board Meet outcome live: No decision on equity F&O tightening measures
Against market expectations, SEBI has taken no decision today to tighten the rules on futures and options transactions.
SEBI Board Meet outcome live: SEBI on new asset class
SEBI introduces a new investment product bridging mutual funds & portfolio management services
SEBI Meeting live: Market Regulator on qualified stock brokers
The market regulator has mandated that qualified stock brokers either provide UPI-block mechanism, or ASBA like facility for secondary market, or the three-in-one trading account facility from February 1, 2025.
A three-in-one trading account is a combination account that has a savings account, demat account and trading account.
After meeting with its Board on September 30, the Securities and Exchange Board of India (Sebi) issued a press statement to this effect.
Full story here.
SEBI Meeting live: SEBI introduced liberalised Mutual Funds Lite (MF Lite) framework for passively managed schemes of Mutual Funds
The present regulatory framework for Mutual Funds (MFs)provides for regulation of MFs and the schemes managed thereunder. While both active and passive MF schemes (such as Exchange Traded Funds (ETFs) and Index funds) are covered under the purview of the extant MF Regulations, the provisions thereunder have been envisaged, primarily keeping in mind the actively managed schemes and the risks and complexities associated therewith.
Passive funds follow a rule based investment strategy and there is negligible discretion with AMCs regarding asset allocation and investment objective. As such, various provisions of the existing regulatory framework may not be relevant for passively managed schemes. Accordingly, the Board approved amendmentsto the SEBI (Mutual Funds) Regulations, 1996 for enabling a
Page 15of 23relaxed framework with light-touch regulations viz, “MF Lite framework” for entities desirous of launching only passive Mutual Fund schemes
SEBI Meeting live: SEBI Meeting live: Market regulator holds board meet, did not make any changes to the index-derivatives rules
In its board meeting, the capital markets regulator did not make any changes to the index-derivatives rules.
On July 30, 2024, the regulator proposed tighter derivatives regulations to boost market stability and protect small investors, including increasing contract sizes by as much as four times, collecting options premium upfront and reducing the number of weekly contracts.
Details here.
Business news live: Arunachal seeks more funds from Centre for development projects
Arunachal Pradesh Deputy Chief Minister Chowna Mein on Monday urged the Centre for more funds for development projects in the absence of assistance from agencies such as the World Bank due to protests by China.
Speaking at a meeting chaired by Union Finance Minister Nirmala Sitharaman at the civil secretariat here, Mein said the state has been deprived of externally aided projects from organisations such as the World Bank, ADB and JICA due to protests by China.
Sebi news live: Sebi levies Rs 10 lakh fine on Anand Rathi for violating stock brokers rules
Capital markets regulator Sebi on Monday imposed a fine of Rs 10 lakh on brokerage firm Anand Rathi Share and Stock Broker for flouting stock brokers' rules and other norms.
The order came after the Securities and Exchange Board of India (Sebi) conducted a comprehensive inspection of Anand Rathi Share and Stock Broker Ltd (noticee), a Sebi-registered stock broker of BSE, NSE, MCX and NCDEX, for the period from April 2022 to October 2023.
Based on the findings of the inspection, the regulator found certain alleged non-compliances of Stock Brokers regulations and circulars issued by Sebi, NSE and BSE.
Business news live: RBI finds irregular practices in gold loans, asks lenders to review policies, monitor portfolio
The Reserve Bank of India (RBI) on Monday said it has observed several irregular practices by gold loan businesses, and asked entities to review their policies and also undertake a portfolio review.
A recent review on adherence to prudential guidelines revealed several deficiencies with regard to loans against pledge of gold ornaments and jewellery, the central bank said in a communication to lenders.
The major deficiencies include shortcomings in use of third parties for sourcing and appraisal of loans, valuation of gold without the presence of the customer, inadequate due-diligence and lack of end-use monitoring of gold loans and lack of transparency during auction of gold ornaments and jewellery in case of a default, the RBI said.
Business news live: NCRTC signs agreement with PTC India to procure low-cost power
National Capital Region Transport Corporation has signed an agreement with PTC India to procure low-cost power, including green energy, via power exchanges for the Namo Bharat corridor, a statement said on Monday.
This collaboration will enable NCRTC to meet part of its power requirement sourcing through power exchanges at its receiving substations (RSS) located in Ghaziabad, Modipuram, Shatabdi Nagar, and Muradnagar in Uttar Pradesh, as well as Sarai Kale Khan in Delhi, with the goal of reducing overall power costs, it added.
Business news live: BEL inks pact with SAC-ISRO to boost indigenisation of defence and space production
Defence PSU Bharat Electronics Limited (BEL) on Monday said it has signed a Memorandum of Understanding with the Space Applications Centre (SAC), ISRO to collaborate, indigenise and develop infrastructure for manufacturing space-grade Travelling Wave Tube Amplifiers (TWTAs) in India.
The BEL said that the MoU that was signed at SAC Ahmedabad will give a boost to the indigenisation of defence and space production and save foreign exchange for the country.
“TWTA is a complex multi-disciplinary technology involving controlled interaction of microwave with electron beam under ultrahigh vacuum conditions. State-of-the-art fabrication and manufacturing facility for TWTAs has been established at BEL,” the defence PSU said.
Business news live: Bank of Maharashtra's board approves QIP. floor price Rs 60.37/ per share
Bank of Maharashtra's board on September 30 approved QIP. floor price set at Rs 60.37/ per equity share
Business news live: Tata Electronics suspends production of iPhone cases, no impact on exports for three months
Tata Electronics has suspended production of iPhone 15 and iPhone 16 cases following a fire, though shipments will not be impacted as enough stocks are available for next three months, news agency PTI reported.
A massive fire broke out at a chemical godown of the electronics component factory of Tata Electronics in Hosur, Tamil Nadu in the wee hours of Saturday.
Business news live: Govt extends export benefits under RoDTEP till Sep 2025
The government extended benefits under the RoDTEP scheme for exports made from domestic tariff area (DTA) units for one year till September 30, 2025.
The scheme for Remission of Duties and Taxes on Exported Products (RoDTEP) provides for refund of taxes, duties and levies that are incurred by exporters in the process of manufacturing and distribution of goods and are not being reimbursed under any other mechanism at the centre, state, or local level.
SEBI Meeting live: Indian Youth Congress asks SEBI Chair Madhabi Buch to resign ahead of board meet
Protestors from the Indian Youth Congress have called for the resignation of SEBI Chairperson Madhabi Puri Buch amid allegations and recent revelations about Buch’s previous affiliations.
Business news live: Zintlr, a B2B SaaS platform specialising in sales intelligence and prospecting, raises Rs 7.5 crore
Zintlr, a B2B SaaS platform specialising in sales intelligence and prospecting, has raised Rs 7.5 crore in funding from JITO Incubation and Innovation Foundation (JIIF) and Just Call CEO Om Jain.
Motilal Oswal (Motilal Oswal Financial Services), Vimal Shah (Bidco Group), Sparsh Jain (JG International Infra Limited), Vinod Dugar (Modak Vyapaar Private Limited), Vimal Khivesara, Ramesh Jain (GM Electrical) and Prabhakar (Gopalan Enterprises) also invested in the funding round.
Business news live: Sebi fines NSE's subsidiary KRA Rs 12 lakh over violations including failure to report cyberattacks
SEBI has fined NSE Data and Analytics Ltd, formerly known as DotEx International Ltd, Rs 12 lakhs over irregularities with respect to BCP/DR policy, delay in sending acknowledgement letters, and irregularities in system audit reports and cyber security audit framework, among others.
NSE Data and Analytics is a KYC Registration Agency (KRA) and a 100 percent step-down subsidiary of NSE Ltd.
Read SEBI order here.
Business news live: FIIs net sell shares worth Rs 9,792 crore, DIIs net buy Rs 6,646 crore
Domestic Institutional Investors (DII) net bought shares worth Rs 6646 crore while Foreign institutional investors (FIIs) net sold shares worth Rs 9792 crore, provisional data from NSE showed on September 30.
DIIs bought Rs 17,881 crore worth of shares and sold shares worth Rs 11,235 crore. Meanwhile, FIIs purchased Rs 16,621 crore in shares and offloaded equities worth Rs 26,413 during the trading session.
Full story here.
Business news live: Russia fines Google, Discord over banned content
Russia fined Alphabet's Google and instant messaging platform Discord on Monday for failing to delete or restrict access to information online, the Moscow courts' press service said.
Business news live: Delhi HC asks SpiceJet to respond to lessors' execution petition on return of aircraft engines
The Delhi High Court on Monday asked low-cost airline SpiceJet to file its reply to a petition seeking execution of an order directing it to ground three aircraft engines and hand those over to their lessors.
The court also asked the airline to file an affidavit listing out its assets and posted the execution petition for further hearing on November 13.
Business news live: Ministry sets gas price ceiling for 6 months from Oct 1
Ministry of Petroleum and Natural Gas sets gas price ceiling for 6 months from October 1, 2024.
Caps gas price from difficult fields at $10.16/MMBTU
Business news live: NTPC Green signs MoU with Rajasthan Govt for development of 25 GW of renewable projects
NTPC Green has signed an MoU with Rajasthan Govt for the development of 25 GW of renewable projects.
Business news live: Small savings schemes rates announces
Govt keeps interest rates unchanged on small savings schemes for third quarter starting October 1: Statement
Business news live: Tata iPhone component plant halts production Indefinitely after fire, co issues statement
Company says, "There has been an unfortunate incident of fire at our plant in #Hosur, #TamilNadu. Our emergency protocols at the plant ensured that all our employees are safe. The cause of the fire is under investigation and we will take necessary actions to safeguard the interest of our employees and other stakeholders"
Business news live: Coal, crude oil and natural gas August data out
August coal production at -8.1% vs 6.8% (MoM)
August crude oil production at -3.4% vs -2.9% (MoM)
August natural gas production at -3.6% vs -1.3% (MoM)
Business news live: August eight core industries' decline at 1.8% vs growth 6.1% (MoM)
August eight core industries' decline at 1.8% versus growth 6.1% (Month on Month)
SEBI Board Meeting live: Combo of rights issue with preferential allotment of shares likely to be introduced, reports CNBC-TV18
SEBI is mulling the introduction of a new fundraising product that would combine rights issues and preferential allotments to simplify the capital-raising process for companies, reports CNBC-TV18
Business news live: India's Q1 current account deficit widens marginally to $9.7 billion
Current account deficit widens to 1.1 percent Q1FY25 at $9.7 billion, shows govt data released on Monday.
Business news live: Tata iPhone component plant in Tamil Nadu halts production indefinitely after fire, reports Reuters
Production will remain suspended indefinitely at a Tata Electronics plant in Tamil Nadu that makes Apple iPhone components after a fire at the weekend, officials said on Monday as they acted to prevent further damage from the blaze. "We have stationed fire engines at the plant as there are chances of a follow-up fire incident or smoke coming off when the sheds that had fallen during the accident are removed," M. Velu, a district fire officer, told Reuters by telephone. "We have not yet ascertained the cause of the fire." (Reuters)
Business news live: India's fiscal deficit at Rs 4.35 lakh crore vs budgetary target of Rs 16.13 lakh cr
India's fiscal deficit at Rs 4.35 lakh crore vs budgetary target of Rs 16.13 lakh cr. This is 27 percent of the full year target. (Read More)
SEBI Board Meeting live: Mutual fund lite regulations to be reviewed
SEBI is expected to review mutual fund lite regulations designed to streamline compliance for passively managed mutual fund schemes. The proposed relaxed framework would lower compliance costs, making it easier for retail investors to diversify their portfolios and potentially increasing participation in the mutual fund market.
SEBI Board Meeting live: What new amendments to delisting regulations were announced on September 25
Ahead of the board meeting, the market regulator introduced significant amendments to its delisting regulations to streamline the process for promoters looking to take their companies private. Under the new norms, announced on September 25, 2024, SEBI has provided an alternative to the existing reverse book building (RBB) process by implementing a fixed price framework.
SEBI Board Meeting live: Easing rights issue regulations to be discussed
The market regulator board is expected to discuss easing rights issue regulations, a change aimed at simplifying the capital-raising process for companies. Additionally, SEBI is considering a proposal that would permit promoters to transfer their rights entitlement to select investors during rights issues, potentially drawing more investment into the market.
Business news live: Vodafone Idea strengthens its India network security with Nokia NetGuard Endpoint Detection and Response
Vodafone Idea has tapped Nokia NetGuard Endpoint Detection and Response (EDR) to strengthen network security against rising cyber threats and security vulnerabilities for its consumer and enterprise customers. NetGuard EDR, a telco-specific threat detection suite, will provide Vodafone Idea with real-time, automated monitoring to enable rapid detection and mitigation of endpoint-related security incidents. It will minimize security gaps, reduce the need for extensive testing, and optimize operational costs, while maintaining continuous service availability and performance of the protected endpoints in the entire Operational Technology (OT) network.
SEBI Board Meeting live: An increase in minimum contract value?
A key proposed change in futures and options trading is an increase in the minimum contract value, which may initially be set at Rs 15-20 lakh and later raised to Rs 20-30 lakh. This move is intended to discourage retail investors, sources informed CNBC Awaaz.
SEBI Board Meeting live: New product on agenda
The meeting will also include discussions on a new product briefing for mutual funds and portfolio management services (PMS).
Business news live: Indian Oil withdraws proposed rights issue worth Rs 22,000 crore
Indian Oil on Monday withdrew a proposed rights issue worth Rs 22,000 crore, according to a regulatory filing. “We would like to inform that the MoP&NG has conveyed that no funds have been allocated for capital support to Oil Marketing Companies (OMC’s) in the Budget 2024-25, as against the earlier proposed allocation of Rs. 30,000 crore. Therefore, in view of the Govt. of India’s (Promoters) non-participation in the Right Issue, the Board at its meeting held on 30.09.2024 has decided to withdraw the proposed Right Issue of equity shares,” the company said in the exchange filing.
SEBI Board Meeting live: More than 100 merchant bankers could lose SEBI licence
Ahead of the board meeting, we take a look at our earlier report on merchant bankers. Last week, Moneycontrol had reported that the Securities and Exchange Board of India's (Sebi's) proposed review of the Merchant Bankers Regulations could potentially force many of the 225 registered investment bankers out of business. SEBI plans to overhaul the Merchant Bankers Regulations, which were framed more than three decades back in 1992. A consultation paper released last month proposed stricter standards for merchant bankers, including one related to cancelling their licence if an entity does not generate a certain amount of income from core merchant banking activities. (Read More)
SEBI Board Meeting live: FPIs express concerns over Sebi’s derivative curbs
Some foreign portfolio investors (FPIs) have expressed concerns over the Securities and Exchange Board of India’s (Sebi’s) plan to impose curbs on derivatives trading, people with direct knowledge of the matter said. In private meetings with leading foreign funds on the sidelines of the JP Morgan India Investor Summit last week, Sebi officials assured FPIs that their concerns were largely around the soaring volumes in index options around expiry, the people cited above said, requesting anonymity. (Read More)
SEBI Board Meeting live: SEBI objects to use of IPO proceeds for paying back promoter loans
Markets regulator the Securities and Exchange Board of India (SEBI) has objected to companies using share sale proceeds to repay loans availed from promoters or promoter entities, people familiar with the development said. (Read More)
SEBI Board Meeting live: What's ‘New Asset Class’
In July, SEBI proposed introducing a ‘New Asset Class’ that would provide investment products positioned between mutual funds and portfolio management services (PMS). This new category would be structured within the mutual fund framework.
Business news live: Who all will attend PM E-Drive Policy launch?
Sources also reveal that EV manufacturers from the two, and three-wheelers, e-trucks and e-buses sector, will also be attending the event at venue tomorrow
Business news live: PM E-Drive Policy to be formally announced tommorrow, say sources
- PM E-Drive Policy to be formally announced by Heavy Industry Ministry Mr. H.D. Kumaraswamy at Bharat Mandam tomorrow , sources tell Moneycontrol.
- Sources at the Ministry of Heavy Industries (MHI) also reveal that HDK kick off the PM E-DRIVE scheme on October 1, coinciding with the end of the current EMPS scheme on September 30 (today).
- Sources also reveal that a dedicated portal for vehicle registration will also be launched by the Minister on October 1 (tomorrow).
SEBI Board Meeting live: Will there be a discussion around Hindenburg report?
According to Business Standard, while the allegations from Hindenburg Research and the Congress party may not be formally addressed, they are anticipated to be discussed informally.
SEBI Board Meeting live: New measures for F&O trading to be announced?
According to reports, SEBI is expected to introduce measures aimed at reducing losses in futures and options trading.
SEBI Board Meeting live: All eyes on market regulator's board meeting today
The Securities and Exchange Board of India (SEBI) is set to hold its board meeting on Monday, the first since Hindenburg Research accused Chairperson Madhabi Puri Buch of conflicts of interest and raised concerns about employee complaints.
Diffusion Engineers IPO Day 3 GMP Live: Bidding option for investors
Investors have the option to bid for a minimum of 88 equity shares, with additional bids available in multiples of 88 shares thereafter.
Diffusion Engineers IPO Day 3 GMP Live: What's the current grey market premium
According to investorgain.com data, Diffusion Engineers IPO's current grey market premium is Rs 58. With the price band of 168.00, Diffusion Engineers IPO's estimated listing price is Rs 226.The listing gains are around 34.52%.
Business News Live: China stocks set for best month in nearly a decade
Chinese stocks extended a blistering rally on Monday with those in the mainland headed for their best month in almost a decade, as Beijing rolled out further stimulus measures to arrest a slowdown in the broad economy.
Benchmark indexes in mainland China began the week on a solid footing after clocking their best weekly performance in nearly 16 years on Friday, with the CSI300 blue-chip index last up more than 6.22%.
The Shanghai Composite Index jumped 5.7%, while Hong Kong's Hang Seng Index rose 3.34%.
Shares of property companies rose sharply in response to China's central bank late on Sunday saying that it would tell banks to lower mortgage rates for existing home loans before October 31, as part of sweeping policies to support the country's beleaguered property market.
Business News Live: Gold rally stalls but dovish Fed sets it for best quarter since 2016
Gold prices steadied on Monday, just below last week's record high, with bullion set for its best quarter in over eight years following a jumbo U.S. rate cut and expectations of another outsized reduction in November.
Spot gold was flat at $2,656.56 per ounce, as of 0653 GMT. Bullion has risen over 14% so far this quarter, its best since January 2016.
On a monthly basis, gold has added over 6% in September after scaling a peak of $2,685.42 last Thursday, driven by the Federal Reserve's half-percentage-point cut, China's stimulus measures and escalating strife in the Middle East.
IPO News Live: Dr Agarwal's Health Care files draft papers with Sebi to raise funds
Temasek Holdings and TPG-backed Dr Agarwal's Health Care, an eye care services provider, has filed preliminary papers with the capital markets regulator to raise an estimated Rs 3,000-3,500 crore through its initial public offering (IPO).
The IPO is a combination of a fresh issue of up to Rs 300 crore and an Offer For Sale, (OFS) of up to 6.95 crore equity shares by promoters and other selling shareholders. The offer also includes a subscription for eligible employees, according to the draft red herring prospectus (DRHP).
Those selling shares in the OFS include Arvon Investments Pte. Ltd, Claymore Investments (Mauritius) Pte. Ltd, and Hyperion Investments Pte. Ltd.
Merchant banking sources have pegged the IPO size as Rs 3,000-3,500 crore.
Business News Live: Fed's Powell set to speak as economists fret about a policy mistake, election risk
A mistake by the U.S. central bank in setting interest rates during the last phase of its inflation battle is the main risk that could undercut the economy over the next year, according to a new survey of economists released as Federal Reserve Chair Jerome Powell was set to speak on Monday.
Among 32 professional forecasters surveyed recently by the National Association for Business Economics, 39% cited a "monetary policy mistake" as the "greatest downside risk to the U.S. economy over the next 12 months." By contrast, 23% regarded the outcome of the Nov. 5 U.S. presidential election as the biggest downside risk and the same number cited an intensification of the conflicts in Ukraine and the Middle East.
Business News Live: Cross-border M&A recovers in Asia
Cross-border mergers and acquisitions involving companies in the Asia-Pacific region have recovered this year and are booming in Japan as businesses seek new growth after adjusting to cope with higher interest rates.
The total announced value of such deals rose 25% year-on-year to $286 billion as of September 30, LSEG data showed, with around 80% of them transacted with an entity outside the region.
Business News Live: Aditya Birla Sun Life Mutual Fund launches Target Maturity Fund
Aditya Birla Sun Life Mutual Fund launches target maturity fund Investing in India’s top NBFCs & HFCs. The NFO will be open for subscription from 30th September, 2024 to 7th October, 2024. The Target Maturity Fund will track the CRISIL-IBX AAA NBFC-HFC Index-Sep 2026, a statement said.
Diffusion Engineers IPO Day 3 GMP Live: What's the price band of Diffusion Engineers IPO
The price band for the issue has been set at Rs 159 to Rs 168 per equity share. At the upper end of this range, the Diffusion Engineers IPO is anticipated to raise Rs 158 crore.
Diffusion Engineers IPO Day 3 GMP Live: Fund-raining ahead of the public issue
The company, which manufactures welding consumables, wear plates, wear parts, and heavy engineering machinery for core industries, raised Rs 47.14 crore from anchor investors before opening its initial public offering for public subscription on Thursday, September 26.
Diffusion Engineers IPO Day 3 GMP Live: Robust demand
The initial public offering of Diffusion Engineers Ltd, set to close its subscription today (Monday, September 30), has garnered positive responses across all segments. Non-institutional investors have shown the highest interest, closely followed by retail investors.
IPO news live: Prostarm Info Systems submits Draft Red Herring Prospectus
Prostarm Info Systems has submitted its Draft Red Herring Prospectus (DRHP) for an initial public offering (IPO), which includes a fresh issue of up to 1.6 crore shares.
KRN Heat Exchanger IPO Allotment Live: How to check allotment status of KRN Heat IPO on Bombay Stock Exchange site
- Go to the official BSE website: BSE India - https://www.bseindia.com/investors/appli_check.aspx
- Select the issue type as "Equity."
- Choose "KRN Heat Exchanger and Refrigeration Limited" from the dropdown menu.
- Enter your application number or PAN (Permanent Account Number).
- Complete the Captcha for verification.
- Click on the "Search" button to view your allotment status. (Read More)
KRN Heat Exchanger IPO Allotment Live: How to Check KRN Heat IPO Allotment Status on Bigshare Services
- Visit the official website of Bigshare Services.
- Select one of the servers to check your IPO allotment status.
- Choose "KRN Heat Exchanger and Refrigeration Limited" from the list of companies (this name will be displayed once the share allocation is finalized).
- In the "Selection Type" dropdown, choose either Application Number or Beneficiary Number.
KRN Heat Exchanger IPO Allotment Live: A look at book-running lead manager and registrar for KRN Heat Exchanger
Holani Consultants Pvt Ltd is the book-running lead manager for the IPO. Investors can view the KRN Heat Exchanger IPO allotment status on the official website of the registrar, Bigshare Services Pvt Ltd, or on the BSE website.
KRN Heat Exchanger IPO Allotment Live: When is the listing of KRN Heat Exchanger
The allotment for the KRN Heat Exchanger IPO will be finalised on Monday, September 30, with the company's shares expected to list on the BSE and the National Stock Exchange on October 3.
KRN Heat Exchanger IPO Allotment Live: Fund-raising ahead of IPO
Last week, KRN Heat Exchanger and Refrigeration had said that it has raised Rs 100 crore from anchor investors ahead of the IPO.
KRN Heat Exchanger IPO Allotment Live: A look at price range of KRN Heat Exchanger
The Rajasthan-based company aims to raise Rs 341.95 crore through its maiden offering, which comprises a fresh issue of 1.55 crore equity shares with no offer-for-sale component. The IPO was open for public subscription at a price range of Rs 209-220 per share.
KRN Heat Exchanger IPO Allotment Live: Public offer was fully subscribed on Wednesday last week
The IPO of KRN Heat Exchanger and Refrigeration was fully subscribed within minutes of opening for sale on Wednesday and concluded the day with 24.09 times subscription. By Thursday, the subscription rate had surged to 58.17 times.
KRN Heat Exchanger IPO Allotment Live: A look at subscription breakup - NIIs vs QIBs vs RIIs
The Non-Institutional Investors (NIIs) segment was subscribed 431.63 times, while Qualified Institutional Buyers (QIBs) saw a subscription of 253.04 times. Meanwhile, the Retail Individual Investors (RIIs) portion was subscribed 98.29 times.
KRN Heat Exchanger IPO Allotment Live:A look at the subscription response from the investors
The initial public offering of KRN Heat Exchanger and Refrigeration Ltd was heavily oversubscribed, reaching 214.42 times on its third and final day of bidding on Friday. As per Chittorgarh data, the Rs 342-crore IPO received bids for 2,34,59,88,580 shares against the 10,993,000 shares available for subscription.
KRN Heat Exchanger IPO Allotment Live: Focus on KRN Heat Exchanger IPO Allotment now
Now that the Manba Finance shares have listed, we shift our focus to the allotment status of KRN Heat Exchanger IPO. We will take a look at subscription status and which sites to check for allotment status.
Manba Finance IPO Share Price live: What's the status on National Stock Exchange?
On the National Stock Exchange, Manba Finance listed at Rs 145 per share.
Manba Finance IPO Share Price live: Manba Finance makes market debut
Manba Finance IPO Share Price live: Manba Finance shares list at Rs 150 apiece with 25% premium (Read More)
Manba Finance IPO Share Price Live: A look at volatile trends of grey market premium
The increasing volatility in the broader market has negatively impacted the company's listing prospects. Prior to its debut, shares of Manba Finance were trading at a grey market premium (GMP) of Rs 38-40 per share, indicating a potential listing gain of up to 35 percent for investors. However, on the first day of bidding, the shares were priced around Rs 64-65.
Manba Finance IPO Share Price Live: What you need to know about this NBFC
Founded in 1998, Manba Finance is a non-banking finance company (NBFC) that provides financial solutions for a variety of needs, including new two-wheelers (2Ws), three-wheelers (3Ws), electric two-wheelers (EV2Ws), electric three-wheelers (EV3Ws), used cars, small business loans, and personal loans.
Manba Finance IPO Share Price Live: What does pre-listing data suggests
According to the Bombay Stock Exchange data, Manba Finance has settled at Rs 160 per share in the pre-listing trade.
Manba Finance IPO Share Price Live: Any listing gains for investors? Here's what expert says
Amit Goel, Co-Founder and Chief Global Strategist at Pace 360, anticipates that the stock will list at approximately Rs 175-180 per share, yielding a listing gain of around 45 percent. Additionally, Akriti Mehrotra, a Research Analyst at Stoxbox, expects a premium of 30-35 percent.
Manba Finance IPO Share Price Live: What is expert's view on Manba Finance public issue?
"At the upper price band, the company is valued at a Price-to-Book Value (P/BV) of 1.70x, resulting in a market capitalization of Rs 602 crore post-equity issuance and a return on net worth of 15.66 percent. We believe the IPO is fairly priced, and investors who are allotted shares can consider holding them based on their risk tolerance," said Narendra Solanki, Head of Fundamental Research - Investment Services at Anand Rathi Shares and Stock Brokers.
Manba Finance IPO Share Price Live: What are pre-opening cues?
The morning cues suggest that market is likely to open on a muted note. Will this impact the listing of Manba Finance IPO? Find out
Manba Finance IPO Share Price Live: What's the current grey market premium for Manba Finance shares?
As per the data from investorgain.com, the latest Grey Market Premium (GMP) for Manba Finance IPO is Rs 33, last updated on September 30, 2024, at 08:24 AM. With a price band of Rs 120, the estimated listing price is projected to be Rs 153 (cap price + today's GMP), reflecting an expected gain of 27.50% per share.
Manba Finance IPO Share Price Live: Know registrar and book-running lead manager for Manba Finance public issue
Hem Securities is serving as the book-running lead manager for the Manba Finance IPO, while Link Intime India Private Ltd is acting as the IPO registrar.
Manba Finance IPO Share Price Live: What will Manba Finance do with the IPO funds?
The Maharashtra-based company plans to use the net proceeds from the issue to strengthen its capital base and support future capital needs.
Manba Finance IPO Share Price Live: What was the subscription trend for Manba Finance IPO?
Manba Finance IPO saw an overwhelming response from investors, achieving a remarkable 224.10 times subscription. During the subscription period from September 23-25, investors bid for 197.18 crore equity shares, compared to the offer size of 87.99 lakh equity shares, as per exchange data. The non-banking finance company concluded its Rs 151-crore initial public offering on September 25.
Manba Finance IPO Share Price Live: A look at price band of the IPO
Manba Finance IPO has established a price band of Rs 114-120 per share, aiming to raise Rs 150.84 crore entirely through a fresh issue. As a result, the entire IPO proceeds (excluding issue expenses) will go directly to the company.
Manba Finance IPO Share Price Live: IPO opening, allotment and listing dates - An overview of Manba Finance IPO
The Manba Finance IPO opened for subscription on Monday, September 23, and closed on Wednesday, September 25. Following the subscription period, the IPO allotment date was set for September 26. Today, September 30, marks the listing date for Manba Finance shares on the stock exchanges. The company's equity shares will be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), making them available for trading on both major platforms.
Manba Finance IPO Share Price Live: Hello!
Good morning and welcome to all our readers who are joining us right now. At the moment, as part of our live coverage, we are focusing on the listing of Manba Finance IPO today. What's the latest GMP and are there any listing gains predicted for the investors? Stay with us as we take you through all the pre-listing buzz and D-street debut.
Business News Live: China's manufacturing activity declines for fifth month in Sept
China's manufacturing activity in September shrank for a fifth straight month, albeit at a slower pace than August, an official factory survey showed on Monday.
The official purchasing managers' index (PMI) nudged up to 49.8 in September from 49.1 in August, still below the 50-mark separating growth from contraction but beating a median forecast of 49.5 in a Reuters poll.
Business News Live: China's services activity slows
China's services activity expansion slowed in September as new business growth hit its weakest in nearly a year even as exports sped up, a private-sector survey showed on Monday.
The Caixin/S&P Global services purchasing managers' index (PMI) dropped to 50.3 in September from 51.6 in August, the lowest since September 2023. The 50-mark separates expansion from contraction on a monthly basis.
Business News Live: BharatPe settles with former co-founder Ashneer Grover
BharatPe settles with Ashneer Grover, former co-founder will not be associated with BharatPe in any capacity
Fintech BharatPe has arrived at a definitive agreement with its former co-founder Ashneer Grover, bringing an end to years of bitter dispute between the parties.
As part of the settlement, Grover will not be associated with BharatPe in any capacity nor be a part of the shareholding of the company, a BharatPe spokesperson said in a statement.
Further, certain shares of Grover will be transferred to the Resilient Growth Trust for the benefit of the Company and his remaining shares will be managed by his family trust. Both parties have decided not to pursue the cases filed.
“We wish Mr Grover well. BharatPe continues to focus on delivering industry leading solutions to its merchants and customers driving growth with profitability”, the statement added.
Business News Live: China's September factory activity cools notably
China's manufacturing activity shrank sharply in September as new orders at home and abroad cooled, pulling down factory owners' confidence to near record lows, a private-sector survey showed on Monday.
The Caixin/S&P Global manufacturing PMI fell to 49.3 in September from 50.4 the previous month, missing analysts' forecasts in a Reuters poll of 50.5. The reading marked the lowest since July last year.
Business News Live: Japan August factory output falls 3.3% month-on-month
Japan's factory output fell 3.3% in August from the previous month, versus a median market forecast for a 0.9% drop, government data showed on Monday.
Manufacturers surveyed by the Ministry of Economy, Trade and Industry expect seasonally adjusted output to increase 2.0% in September and expand 6.1% in October.
Separate data showed Japanese retail sales rose 2.8% in August from a year earlier, above the median market forecast for a 2.3% rise.
Business News Live: Japanese stocks tumble as Ishiba’s win wrongfoots easing bets
Japanese stocks tumbled after Shigeru Ishiba’s surprise victory over Sanae Takaichi in the ruling party’s leadership race wrongfooted investors who had bet on a boost from more monetary stimulus from his rival.
The Nikkei 225 Stock Average slid as much as 4.7% in early trading after Ishiba’s selection forced investors to pare positions that had been built on speculation Takaichi would become Japan’s new prime minister and encourage the Bank of Japan to keep interest rates low. The yen edged 0.3% lower to 142.68 per dollar after surging about 1.8% on Friday, while 10-year bond futures for December delivery fell 0.70 to 144.52.
Business News Live: Yen steadies, dollar slips as China reaches for stimulus
A surging yen steadied on Monday as Japan's incoming prime minister signalled monetary policy should remain accommodative, while the dollar slipped on commodity currencies underpinned by investor expectations of a turnaround in China's economy.
Japan's yen had leapt on Friday when Shigeru Ishiba, a former defence minister and erstwhile critic of aggressively easy policy won the leadership of the ruling Liberal Democratic Party, which controls parliament and will vote him into office.
Business News Live: Key Sebi board meet today, first since allegations against Madhabi Puri Buch
The members who constitute the governing body of the Securities and Exchange Board of India (SEBI) are to meet on September 30. It will tracked closely because there are key decisions relating to various market players and intermediaries that could be cleared, including the big one—of strengthening the index derivatives framework. Read more
Manba Finance IPO listing live: Overwhelming investors' interest
The IPO received an overwhelming response from investors, recording a massive 224.10 times subscription. Investors bought 197.18 crore equity shares during September 23-25, against the offer size of 87.99 lakh equity shares, the subscription data on the exchanges showed. The non-banking finance company closed the subscription for its Rs 151-crore initial public offering on September 25.
The IPO has set a price band of Rs 114-120 per share. The public issue plans raise Rs 150.84 crore solely via fresh issue, thus the entire IPO funds (excluding issue expenses) will be received by the company.
Manba Finance IPO Listing Live: What is the expected listing price?
Amit Goel, co-founder and chief global strategist at Pace 360, pegged the stock to list at around Rs 175-180 per share, resulting in a listing gain of around 45 percent. Besides, Akriti Mehrotra, Research Analyst, Stoxbox also expected at 30-35 percent premium.
Manba Finance IPO Listing Live: Shares see 50% premium in grey market
Ahead of the listing, the shares of Manba Finance were commanding 50 percent premium in the grey market, an unofficial ecosystem where shares start trading before the allotment in the IPO and continue till the listing day. Most investors track the grey market premium (GMP) to get an idea the listing price.
