Enviro Infra Engineers IPO allottees are eagerly awaiting the listing date, expected to be November 29, 2024, under the 'T+3' listing rule for the Indian market. Applicants can check their allotment status online via the BSE website or Bigshare Services, the issue's registrar. Meanwhile, the grey market is showing optimism, with the shares trading at a ₹57 premium ahead of the listing. Open Free...
Investcraft Market Updates
Mirae Asset has finalized the acquisition of Sharekhan in a ₹3,000 crore (487 billion won) deal, marking a significant step in expanding its presence in India. In a statement, Mirae Asset highlighted that the acquisition would allow Sharekhan to leverage Mirae’s global expertise to enhance its offerings and broaden financial services for Indian clients. The integration aims to create a robust...
The broader market has seen a strong rally over the past four sessions, driven by easing selling pressure from foreign institutional investors (FIIs). The Nifty Smallcap 100 index gained nearly 5%, outperforming both the Nifty 50, which rose 4.21%, and the Nifty Midcap 100, which climbed 3.32%. On November 27, the Nifty Smallcap 100 hit an intraday high of 18,474.35, up 1.14%, while the Nifty reached...
Logistics startup Shadowfax is gearing up for its initial public offering (IPO), expected to launch in the latter half of 2025. The company has enlisted JM Financial, Morgan Stanley, and ICICI Securities as lead bankers for the IPO, which could raise around ₹2,500 crore ($295 million). The final amount may vary between ₹2,000 crore ($235 million) and ₹3,000 crore ($350 million), depending on investor...
C2C Advanced Systems IPO saw a sharp drop in its GMP on the final subscription day after SEBI directed the company to appoint independent auditors and secure a third-party review of its financials. The IPO, aiming to raise ₹99.07 crore with a price band of ₹214-226 per share, is set to list on NSE's Emerge platform. Initially, the GMP on November 24 indicated a premium of over 100% at ₹245,...
NTPC Green Energy IPO GMP: NTPC Green Energy (NGEL), a subsidiary of NTPC, is a key player in driving the company's shift toward renewable energy. Focused on clean energy projects, NGEL pursues growth through both organic development and strategic acquisitions, aiming to achieve 60 GW of renewable energy capacity by FY 2032. NTPC Green Energy IPO Listing: The company, part of state-owned NTPC, is set to...
Waaree Energies, a leading provider of solar energy solutions, announced on Tuesday that it has secured an order to supply 600 MWp of solar modules to a company involved in developing, owning, and operating renewable energy projects across India. The deliveries are set to start in the fiscal year 2025-26, with the project expected to significantly support India’s clean energy goals, according...
India's primary market is set for a busy week with the anticipated IPOs of NTPC Green Energy, Enviro Infra Engineers, and two other SME public issues. Additionally, six more SME IPOs are scheduled to launch this week, starting November 25. After a Friday dip of over half a percent, the stock market rebounded strongly, with major players like Reliance, Infosys, ICICI Bank, and TCS driving gains. The...
Continuing the Friday pullback, the Indian stock market showed strong momentum on Monday morning. Major indices surged: the Nifty 50 opened with a gap-up at 24,253, quickly reaching an intraday high of 24,330, marking a 423-point jump from Friday’s close of 23,907. The BSE Sensex started at 80,193 and climbed to an intraday peak of 80,452, gaining 1,355 points. Similarly, the Nifty Bank index...
Stock Market Live Updates: Sector Overview All sectors are trading positively, with the Nifty PSU Bank index rising over 3% Open Free Trading Account - A Step-by-Step Guide in Online Trading for...