Ganesh Infraworld Ltd is set to finalise its share allotment on Wednesday following the closure of its IPO on December 3. The ₹98.58 crore SME IPO received an overwhelming response, with a subscription of 369.56 times. Priced between ₹78 and ₹83 per share, the minimum application required 1,600 shares, amounting to ₹1,32,800 for retail investors. High-net-worth individuals (HNIs) had to apply...
Investcraft Market Updates
Abha Power and Steel shares debuted on the NSE Emerge platform on December 4, listing at ₹81.90 per share—a 9.2% premium over the IPO price of ₹75. Before the listing, the company’s shares had a grey market premium (GMP) of ₹15, signaling a 20% premium in the unofficial market. The ₹38.54 crore IPO, which closed on November 29, ran from November 27-29 and included a fresh issue of 41.39...
Food delivery platform Swiggy Ltd. disclosed a net loss of ₹625.5 crore for the September quarter in its first earnings report since going public last month. Key highlights: Net Loss: Narrowed from ₹657 crore in the same quarter last year but slightly higher than the ₹611 crore loss in the June quarter. Revenue Growth: Increased to ₹3,601 crore, up from ₹2,763 crore last year and...
Health insurance stocks rallied on December 3 as the Group of Ministers (GoM) on GST rate rationalization, led by Bihar Deputy Chief Minister Samrat Chaudhary, recommended significant tax cuts for the sector: GST Reduction: Proposed to cut GST on health insurance premiums from 18% to 5%. Senior Citizens: Recommended GST exemption on premiums for senior citizens. Non-Senior Citizens: Suggested...
Suraksha Diagnostic IPO Live Updates (03 Dec 2024) Key Risk Factors Shortage of Skilled Labor: Significant lack of full-time doctors and staff in the diagnostics industry. Training and retaining experienced employees is critical for sustainability. High Cost of Equipment: Constant technology upgrades require significant capital investments. Maintenance costs and the need for...
The Indian rupee hit a record low on Monday, dropping to 84.6075 per U.S. dollar in early trading, surpassing its previous low of 84.5075. Concerns over slowing economic growth, combined with regional currency weaknesses, contributed to the decline. By 9:45 AM IST, the rupee was trading at 84.6025, down 0.1%, as the Reserve Bank of India (RBI) intervened to stabilize the currency through dollar sales via...
The initial public offering (IPO) of Agarwal Toughened Glass India Ltd is set to close on Monday, December 2, 2024. The IPO, priced within a range of ₹105 to ₹108 per share, opened on November 28, 2024, and aims to raise ₹99.07 crore through a fresh issue of 58 lakh shares. Subscription Status By 11:36 AM on the final day of bidding, the IPO had received 76,38,000 bids against the 38,52,000 shares...
The futures and options (F&O) contracts for 45 additional stocks will be available for trading starting November 29, as announced by the National Stock Exchange (NSE). Details such as lot size, strike price range, and freeze limits are expected to be shared via a circular on November 28. With this inclusion, the total number of stocks in the F&O segment rises to 223. However, it remains unclear...
Indian sovereign bonds are set to see their first monthly outflow since joining JPMorgan Chase’s flagship index, as the narrowing yield gap with U.S. Treasuries reduces their appeal. Foreign investors sold ₹77.3 billion ($910 million) worth of Fully Accessible Route (FAR) bonds up to November 28, according to data from the Clearing Corporation of India Ltd. The outflows follow a surge in U.S....
Enviro Infra Engineers had an impressive stock market debut, listing at ₹220—a 48.65% premium to its ₹148 issue price. This success is attributed to the company's solid fundamentals, high investor interest (89.9x subscription), and the optimistic outlook for the water and wastewater treatment sector. The company’s focus on sustainable infrastructure and its proven project execution...