IPO Allotment Status Live: Transrail Lighting, Sanathan Textiles and Concord Enviro Systems to finalise allotment status today - Check GMP, listing date

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Sources tell Moneycontrol that the implementation of the proposed IT Act will take over a year. The proposed overhaul envisages an extensive review of the current Act, which spans 23 chapters. A review committee, comprising 23 sub-committees and working groups, is scrutinising each chapter to identify areas for improvement. (Read More)

Ventive Hospitality IPO last GMP is Rs 50, as per grey market premium monitoring site investorgain.com. The current GMP suggests a modest listing on bourses.

• Qualified Institutional Buyers (QIBs) - 2.57 times
• Non Institutional Investors(NIIS) - 7.42 times
• Retail Individual Investors (RIIs) - 3.86 times
• Employee Reserved - 7.47 times
• Total - 4.14 times

Nasdaq-listed information and communications technology firm Sify Data Managed Services will invest Rs 847 crore in Bengaluru's Aerospace Park.

Sify has been on a partnership spree with major tech companies, including Cisco, to expand operations and enterprise digital transformation. Sify Data Managed Services provides services in data centers, networks, and security services. Read more

Bharat Petroleum Corporation Ltd. (BPCL) shares saw a sharp uptick in trade after the oil major announced it was set to commence pre-project activities for setting up of a green field refinery in Andhra Pradesh. Read more

As 2024 comes to an end, the bourses have announced the list of the holidays for 2025. Next year, as many as 14 days will be non-trading days. Major holidays include Diwali, Eid, Holi and Independence Day. It should also be noted that some holidays coincide with weekends.

The Indian central bank was likely selling dollars to limit the rupee's losses after it hit a record low on Tuesday on higher U.S. bond yields and dollar demand from local oil companies. The rupee was quoted at 85.16 to the U.S. dollar as of 9:20 a.m. IST after dipping to a low of 85.1625 in early trade. State-run banks were spotted offering dollars, mostly likely on behalf of the Reserve Bank of India (RBI), traders said. Dollar offers from state-run banks were present near 85.16-85.17 levels but they are "not very heavy," a trader at a private bank said. The rupee could drift lower towards 85.20 during the day with RBI "likely keeping a check on any sharp declines," the trader said.

• Will float IPO of electronics business post demerger, sources say
• Bankers likely appointed for demerger and IPO of electronics division, CNBC-TV18 reports
• Electronics division formed 20% of Amber Ent’s total revenue in FY24
• Amber Ent FY26e PE at 54x vs Dixon’s 99x
• Amber up 93% in 2024 vs 182% rise for Dixon Tech

Union Budget 2025 Latest News: Prime Minister Narendra Modi is set to meet top economists and other sectoral leaders ahead of the Union Budget 2025. Latest reports say that Suman Berry, Niti Aayog Vice Chairman will be attending the meeting.

In the backdrop of lingering geopolitical crisis across the globe, the need for stronger defence resources is likely to spur strong growth momentum for the sector in the coming time, brokerages believe. The shift in the government's stance over the last few decades that led to an increased focus on indigenisation of defence equipment has only strengthened this argument. (Read More)

The public offer of the Transrail Lighting closed for subscription yesterday. The allotment of the shares is likely to be finalised today. Those who have applied for the IPO can check the status on the official sites of BSE and the IPO registrar. The direct links are https://www.bseindia.com/investors/appli_check.aspx and https://linkintime.co.in/initial_offer/public-issues.html.

Tata stocks rose on Tuesday, with Tata Investment Corp shares jumping as much as 9 percent while Tata Motors and Tata Chemicals gaining 1 percent after the group initiated work on a mega Rs 15,000-crore IPO of Tata Capital, its flagship financial services arm.  Shares of Tata Investment Corp climbed to above Rs 7,100 in early trade, while Tata Motors stock was trading above Rs 730, and Tata Chemicals was at Rs 1,045, on value unlocking prospects. (Read More)

Rupee opens flat at 85.11/$ vs Monday's close

Credit card major SBI Cards Ltd. saw a gap-down open in trade on December 24, as investors showcased their disappointment with the player's spending market share fell for the month of November, 2024. SBI Card's November spending market share fell month-on-month to 14.9 percent compared to 15.8 percent in October 2024. The firm's spending market share fell 20 percent on-year, while the industry saw a growth of five percent. (Read More)

DAM Capital Advisors IPO share allotment is likely to be declared on December 24, following a bumper public subscription to its issue. The public issue of Rs 840.25-crore DAM Capital Advisors, which provides a wide range of financial solutions, had seen demand soaring to 81.88 times with investors bidding for 170 crore shares, while only 2.08 crore shares were available. The demand was led by QIBs and NIIs. The retail portion was booked 26.80x. The issue had a price band of Rs 269-283 per share. (Read More)

The NACDAC Infrastructure IPO is trading at Rs 66.50 on the BSE pre-open.

NACDAC Infrastructure Limited is a construction company specializing in the construction of multi-story buildings, residential, commercial, and institutional structures. The company was incorporated in 2012. The company is registered with Uttarakhand Peyjal Sansadhan Vikas Evum Nirman Nigam and is also ISO certified.

NACDAC Infrastructure has completed 45 projects. The company works for government agencies and private companies and has completed several projects for the Government of India and Uttarakhand. The company also undertakes sub-contracts for third-party infrastructure and construction projects.

After entering the record books for one of the highest subscribed issues in SME segment history, NACDAC Infrastructure will see its shares debut on the NSE SME platform today.

Ahead of the listing, the company's shares were trading with a GMP of Rs 52 in the grey market.

Market observers tracking grey market activities suggest that Nacdac Infra’s shares are likely to list at a premium of 90 percent.

According to Investorgain, the Grey Market Premium (GMP) stands at Rs 50 above the IPO price, signaling strong investor interest and a potential bumper listing.

The Nacdac Infra IPO witnessed overwhelming demand, with the non-institutional investors' portion subscribed 2,635.49 times, the Retail Individual Investors (RIIs) segment 2,503.67 times, and the Qualified Institutional Buyers (QIB) portion 236.39 times.

Nacdac Infra's Rs 7.28 crore Initial Public Offering (IPO) received an extraordinary response from investors, attracting bids worth over Rs 14,000 crore. The offering drew immense interest, evidenced by a total of 6,41,048 applications, showcasing the broad-based participation across investor categories. As part of the IPO allocation, approximately Rs 2.73 crore worth of shares were reserved for anchor investors. This strategic allocation to anchor investors not only helped build confidence in the IPO but also ensured a strong foundation of credible and committed stakeholders. The overwhelming demand for the issue highlights the company’s robust market appeal and the high expectations surrounding its stock market debut.

Nacdac Infra successfully concluded its maiden Initial Public Offering (IPO) with an overwhelming response from investors. According to data available with the exchange, the IPO witnessed a staggering public subscription of 1,976.14 times. This exceptional level of demand highlights the strong market confidence in the company's prospects and future growth potential.

Nacdac Infra is all set to make its stock market debut today after successfully concluding its Initial Public Offering (IPO) subscription process. The IPO, which was open for bidding from December 17 to December 19, garnered significant attention from investors. The price band for the offering was set at Rs 33 to Rs 35 per share, making it an attractive proposition for those seeking to invest in the company. Each lot consisted of 4,000 shares, providing an accessible entry point for retail and institutional investors alike. As trading begins, all eyes are on the stock’s performance to gauge investor sentiment and market response. Stay tuned for live updates on the Nacdac Infra IPO listing and its initial trading session.