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<ul><li>The basis of allotment for the ₹600 crore IPO of Laxmi Organics will be announced today on March 22.</li><li><keyword id="10930883" type="COMPANY" weightage="20" keywordseo="laxmi-organic">Laxmi Organic</keyword> is one of the largest manufacturers of ethyl acetate in India with a market share of 30%.</li><li>Here is how to check Laxmi Organic’s IPO allotment status on the registrar website and stock exchanges. </li></ul>The speciality chemicals manufacturer Laxmi Organic is the talk of the town with its ₹600 crore initial public offering (IPO) seeing subscription 106.81 times the offer value — most of which was driven by institutional investors. The allotment of shares is being finalised today, on March 22, which is likely to be followed by the company’s listing on March 25. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Laxmi Organic IPO </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Qualified Institutional Buyer </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Non-institutional Investor </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Retail Individual Investor </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Total </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">No. of times issue subscribed </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">175.43 times </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">217.62 times </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">20.10 times </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">106.81 times </td></tr></tbody></table> The rally behind Laxmi Organic’s IPO stems from its dominance in the market. Founded in 1989, it has over three decades of experience in large scale manufacturing of chemicals. And, it has a market share of 30% in the Indian ethyl acetate market. For those unfamiliar with the world of chemicals, ethyl acetate is colourless liquid commonly used in glues, nail polish removers, and in the decaffeination process of tea and coffee. It's also the only player in the country to make diketene derivatives. This is used in the making of paper, pharmaceuticals — which are currently hot due to demand for vaccines and the impetus by the Indian government on the healthcare sector — insecticides and dyes. Laxmi Organic’s IPO comprises fresh issuance of shares of up to ₹300 crore and an offer for sale (OFS) of up to ₹300 crore by the promoter group, Yellowstone Trust. The OFS is likely to further increase the chemical manufacturing major’s market share in India. Before opening the IPO to the market, the company pulled in ₹180 crore from anchor investors. The money will go towards Laxmi Organic’s working capital requirements and upgradation of existing units. Moreover, the company also plans on using the new capital to set up a manufacturing facility for fluoro speciality chemicals. However, after this stellar response that <keyword id="10895115" type="UNKNOWN" weightage="20" keywordseo="Laxmi-Organic-IPO">Laxmi Organic IPO</keyword> has garnered, one thing is certain — not all investors will get the same amount of shares that they had subscribed for. Here is <keyword id="10970094" type="UNKNOWN" weightage="20" keywordseo="how-to-check-laxmi-organic-ipo-allotment">how to check Laxmi Organic IPO allotment</keyword> status: If you subscribed to the Laxmi Organic IPO, you could check your allotment status by following these simple steps. To check on the stock-exchange website: <ul><li>To check <keyword id="10970092" type="UNKNOWN" weightage="20" keywordseo="laxmi-organic-IPO-allotment-status">Laxmi Organic IPO allotment status</keyword>, go to the<a href="https://www.bseindia.com/investors/appli_check.aspx"> BSE website</a> or <a href="https://www1.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp">NSE website</a> here.</li><li>On BSE, Select 'Equity' and then from the dropdown, select 'Laxmi Organic'.</li><li>Now, enter your application number and PAN.</li><li>Click on 'Search'. </li></ul>Please note the details will only be available once the shares are allotted. You can also visit the registrar website (Link Intime India) to check your application status. <ul><li>Visit the registrar's website <a href="https://linkintime.co.in/MIPO/Ipoallotment.html">here</a>.</li><li>Click on 'Select company' and click on 'Laxmi Organic'. It will only appear post allotment on March 22.</li><li>Once the company is selected, you will have to enter either your PAN detail, the application number, or the client ID.</li><li>Enter the captcha and click 'submit'.</li></ul>Once you hit 'submit', the status of your application will appear on the screen. Please ensure the details that you provide are correct. It will show the number of shares you subscribed to and the number of shares allotted to you. SEE ALSO: <a href="https://www.businessinsider.in/science/space/news/an-asteroid-twice-as-big-as-the-statue-of-unity-is-set-to-zoom-past-earth-tonight-flying-at-100000-kmph/articleshow/81610030.cms">The biggest asteroid of 2021 is going to zoom past Earth tonight flying as fast as 100,000 kmph</a> <a href="https://www.businessinsider.in/business/corporates/news/accenture-announces-one-time-bonus-for-all-employees-as-the-tech-giant-sees-robust-revenue-growth/articleshow/81572548.cms">Accenture announces one-time bonus for all employees as the tech giant sees robust revenue growth</a> <a href="https://www.businessinsider.in/science/space/news/finnish-photographer-jp-metsavainio-took-over-a-decade-and-1000-hours-of-photography-to-create-this-picture-of-the-milky-way-and-20-million-stars/slidelist/81563516.cms">It took over a decade and 1,000 hours of photography to create this picture of the Milky Way</a>

Laxmi Organic IPO allotment live – how to check allotment, listing date and more

<ul><li><keyword id="10930883" type="COMPANY" weightage="20" keywordseo="laxmi-organic">Laxmi Organic</keyword> made its debut on the National Stock Exchange (NSE) at a premium of 21.5%.</li><li>The ₹600 crore IPO was subscribed to over 100 times.</li><li>At 10:15am, the share price settled at around ₹158.55 after hitting a low of ₹143.25.</li></ul>Laxmi Organic, the speciality chemicals manufacturer, made its debut on the stock market today. It got listed at ₹155.50 a share — 21% higher than the IPO issue price of ₹129 to ₹130 per share. The ₹600 crore IPO, which was subscribed <a href="https://www.businessinsider.in/stock-market/news/how-to-check-allotment-status-of-laxmi-organic-ipo/articleshow/81624672.cms">106.81 times</a> hit a low of ₹143.25 and a high of ₹161.70 within the first ten minutes of trading. At 10:15 am, the price settled at around ₹158.55. While the opening price was above the slated issue price, it is under the listing premium of 25% to 45% as expected by analysts. Prior to listing, the company’s shares were trading at ₹182 in the grey market, 21% higher than the IPO price, according to Unlisted Arena. What has investors excited about Laxmi Organic? The rally behind Laxmi Organic’s IPO stems from its dominance in the market. The company has been a player in large scale manufacturing of chemicals for over three decades and has been able to capture 30% of India’s ethyl acetate market. Ethyl acetate is a colourless liquid commonly used in glues, nail polish removers, and in the decaffeination process of tea and coffee. “Today’s event [the listing] has been an inevitability for Laxmi. Laxmi would have arrived at this point at some point in time” said Partha Roy Chowdhury, the chief financial officer for Laxmi, at the listing. The company has been the largest exporter of ethyl acetate from India in the six months ending in September 2020. And, since 2012, Laxmi Organic was one of the largest exporters of ethyl acetate to Europe from India. It's also the only player in the country to make diketene derivatives — used in the making of paper, pharmaceuticals, insecticides and dyes. With the new inflow of capital, the company plans on setting up a new manufacturing facility for fluoro speciality chemicals in addition to using the funds to meet its working capital requirements and upgrade existing units. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/those-who-got-craftsman-automation-ipo-shares-lost-9-of-their-investment-in-the-first-tick/articleshow/81682618.cms">Those who got Craftsman Automation IPO shares lost 9% of their investment in the first tick</a> <a href="https://www.businessinsider.in/education/news/jee-main-march-results-declared-check-the-names-of-13-students-who-scored-100-percentile/articleshow/81682541.cms">JEE Main March results declared – here are the 13 students who scored 100 percentile</a> <a href="https://www.businessinsider.in/personal-finance/news/your-take-home-salaries-could-shrink-sharply-in-april-with-indias-new-definition-of-wages/articleshow/81631662.cms">Your take-home salaries could shrink sharply from April with India’s new definition of wages — but companies are hoping for a delay</a>

Laxmi Organic lists at 21% premium — and continues to gain amid market volatility

<keyword id="10591" type="COMPANY" weightage="20" keywordseo="Samsung">Samsung</keyword> which started rolling out the March 2021 security update for the entire <keyword id="8490723" type="PERSON" weightage="20" keywordseo="Galaxy-S20">Galaxy S20</keyword> lineup, has now released a <keyword id="413826" type="PERSON" weightage="20" keywordseo="software-update">software update</keyword> to improve the <keyword id="6364276" type="UNKNOWN" weightage="20" keywordseo="camera">camera</keyword> performance of the devices. The Galaxy S20, Galaxy S20+, and the Galaxy S20 Ultra are currently receiving the new software update in Germany. "The <keyword id="123587" type="PERSON" weightage="20" keywordseo="Latest-update">latest update</keyword> for the three phones, which carries firmware version G98xxXXU7DUC7, is around 500MB in size," reports SamMobile. With the latest update, Galaxy S20 and Note 20 series now have access to camera features such as portrait mode in low-light conditions through a new software update. The Galaxy S20 and Note 20 users can also use pro mode with the ultra wide camera. The update also adds support for using exposure or the maximum exposure possible in night mode. Samsung introduced portrait mode in low-light conditions with the Galaxy S21 series. However, it is an important update and brings a bunch of camera improvements, it should soon be expanding to more regions in the coming days. Additionally, the update includes other bug fixes, device stability and performance improvements SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/how-to-check-allotment-status-of-laxmi-organic-ipo/articleshow/81624672.cms">Laxmi Organic IPO allotment live – how to check allotment, listing date and more</a> <a href="https://www.businessinsider.in/stock-market/news/how-to-check-craftsman-automation-ipo-allotment-status/articleshow/81625011.cms">Craftsman Automation IPO allotment live – how to check allotment, listing date and more</a> <a href="https://www.businessinsider.in/stock-market/news/barbeque-nation-ipo-to-raise-180-crore-by-selling-54-5-lakh-shares/articleshow/81626158.cms">With an IPO on its plate, Barbeque Nation hopes to clear off some of its debt and double down on not just dining but its new delivery business</a> <a href="https://www.businessinsider.in/stock-market/news/how-to-check-allotment-status-of-kalyan-jewellers-ipo/articleshow/81626536.cms">Kalyan Jewellers IPO — Here is how to check share allotment status</a>

Samsung Galaxy S20 series gets Galaxy S21 series camera features with new update

<ul><li>The basis for allotment for the IPO of <keyword id="267527" type="COMPANY" weightage="20" keywordseo="Craftsman-Automation">Craftsman Automation</keyword> will be announced today. </li><li>Investors who have applied for the IPO can check their allotment status on the registrar’s website or the BSE website. </li><li>The Craftsman Automation shares are expected to be listed on March 25. </li></ul>Craftsman Automation, the Coimbatore-based company has completed its ₹824 crore initial public offering (IPO). The company’s IPO received a decent response from investors and was subscribed 3.82 times. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.9978225000000001pt;border-right:solid #000000 0.9978225000000001pt;border-bottom:solid #000000 0.9978225000000001pt;border-top:solid #000000 0.9978225000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Craftsman Automation IPO </td><td style="border-left:solid #000000 0.9978225000000001pt;border-right:solid #000000 0.9978225000000001pt;border-bottom:solid #000000 0.9978225000000001pt;border-top:solid #000000 0.9978225000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Qualified Institutional Buyer </td><td style="border-left:solid #000000 0.9978225000000001pt;border-right:solid #000000 0.9978225000000001pt;border-bottom:solid #000000 0.9978225000000001pt;border-top:solid #000000 0.9978225000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Non-institutional Investor </td><td style="border-left:solid #000000 0.9978225000000001pt;border-right:solid #000000 0.9978225000000001pt;border-bottom:solid #000000 0.9978225000000001pt;border-top:solid #000000 0.9978225000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Retail Individual Investor </td><td style="border-left:solid #000000 0.9978225000000001pt;border-right:solid #000000 0.9978225000000001pt;border-bottom:solid #000000 0.9978225000000001pt;border-top:solid #000000 0.9978225000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Total </td></tr><tr><td style="border-left:solid #000000 0.9978225000000001pt;border-right:solid #000000 0.9978225000000001pt;border-bottom:solid #000000 0.9978225000000001pt;border-top:solid #000000 0.9978225000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">No. of times issue subscribed </td><td style="border-left:solid #000000 0.9978225000000001pt;border-right:solid #000000 0.9978225000000001pt;border-bottom:solid #000000 0.9978225000000001pt;border-top:solid #000000 0.9978225000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">5.21 </td><td style="border-left:solid #000000 0.9978225000000001pt;border-right:solid #000000 0.9978225000000001pt;border-bottom:solid #000000 0.9978225000000001pt;border-top:solid #000000 0.9978225000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2.84 </td><td style="border-left:solid #000000 0.9978225000000001pt;border-right:solid #000000 0.9978225000000001pt;border-bottom:solid #000000 0.9978225000000001pt;border-top:solid #000000 0.9978225000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">3.41 </td><td style="border-left:solid #000000 0.9978225000000001pt;border-right:solid #000000 0.9978225000000001pt;border-bottom:solid #000000 0.9978225000000001pt;border-top:solid #000000 0.9978225000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">11.46 </td></tr></tbody></table> Craftsman Automation was founded in 1986 in Coimbatore. It has vertically integrated manufacturing capabilities and primarily caters to three business verticals – automotive-powertrain, automotive-aluminum, and industrial and engineering. The <keyword id="10970225" type="UNKNOWN" weightage="20" keywordseo="craftsman-automation-ipo-allotment-status">Craftsman Automation IPO allotment status</keyword> is scheduled to be announced today, March 22. How to check Craftsman Automation allotment status? You can check the Craftsman Automation allotment status on the registrar’s website. <ul><li>To check the <keyword id="10970221" type="UNKNOWN" weightage="20" keywordseo="craftsman-automation-ipo-allotment">Craftsman Automation IPO allotment</keyword> status, visit the registrar’s website <a href="https://linkintime.co.in/MIPO/Ipoallotment.html">here</a>. </li><li>Click on ‘Select IPO’ and then select ‘Craftsman Automation’. </li><li>Now, enter either your PAN, application number or DP / Client ID. </li><li>Now, enter the captcha. </li><li>Click on submit. </li></ul>Now, you will be able to see your application status. It will show the number of shares that you have applied for and the number of shares that have been allotted to you. You can also check the allotment status on the Bombay Stock Exchange (BSE) website. To check on BSE website: <ul><li>To check <keyword id="10449692" type="UNKNOWN" weightage="20" keywordseo="Craftsman-Automation-IPO">Craftsman Automation IPO</keyword> allotment status on BSE or NSE website, go to the <a href="https://www.bseindia.com/investors/appli_check.aspx">BSE website</a>. </li><li>On the website, click on 'Equity' and then from the dropdown, select ‘Craftsman Automation '. </li><li>Now, enter your application number and PAN. </li><li>Click on 'Search'. </li><li>You will be able to see the number of shares allotted to you. </li></ul>When will the Craftsman Automation shares be listed? The listing date for the allotted shares of Craftsman Automation has not been announced. It is expected that the shares will be listed on March 25. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/suryoday-small-finance-bank-initial-public-offer-ipo-worth-581-crore-live-should-you-subscribe/articleshow/81543610.cms">Suryoday Small Finance Bank IPO worth ₹581 crore opens today – should you subscribe?</a> <a href="https://www.businessinsider.in/stock-market/news/craftsman-automation-has-launched-its-824-crore-initial-public-offer-ipo-in-stock-market-in-india/articleshow/81506486.cms">The ₹824-crore Craftsman Automation IPO opens today – should you subscribe?</a> <a href="https://www.businessinsider.in/stock-market/news/laxmi-organic-kicks-off-its-600-crore-ipo-should-you-subscribe/articleshow/81509655.cms">Laxmi Organic kicks off its ₹600 crore IPO – should you subscribe?</a>

Craftsman Automation IPO allotment live – how to check allotment, listing date and more

<ul><li>The basis for <keyword id="60197" type="PERSON" weightage="20" keywordseo="Allotment">allotment</keyword> for the IPO of EaseMyTrip has been announced.</li><li>The shares are expected to be listed on March 19.</li><li>Investors can check the allotment status on the registrar’s website and the BSE website.</li></ul>EaseMyTrip, India’s second-largest online travel agency has completed its ₹510 crore initial public offering (IPO). The IPO received a good response from the investors, and it was subscribed 159.33 times the offer value. The allotment details have been announced and users can now check if they have got shares against their application. The online travel agency (OTA) offers a range of products and services for end-to-end travel solutions, from airline tickets to rail tickets and bus tickets to taxis, holiday packages, hotels, and much more. <cmsannotation type="cmsannotation" annotationid="How to check EaseMyTrip allotment status?" comment="subhead" text="How to check EaseMyTrip allotment status?">How to check EaseMyTrip allotment status?</cmsannotation> You can check the EaseMyTrip allotment status on the registrar’s website. <ul><li>To check the <keyword id="10944235" type="UNKNOWN" weightage="20" keywordseo="easemytrip-ipo-allotment">EaseMyTrip IPO allotment</keyword> status, visit the registrar’s website <a href="https://kcas.kfintech.com/ipostatus/">here</a>.</li><li>Click on ‘Select IPO’ and then select ‘Easy Trip Planners Ltd’.</li><li>Now, enter either your PAN, application number or DP / Client ID.</li><li>Now, enter the captcha.</li><li>Click on submit.</li></ul>Now, you will be able to see your application status. It will show the number of shares that you have applied for and the number of shares that have been allotted to you. You can also check the allotment status on the Bombay Stock Exchange (BSE) website. To check on BSE website: <ul><li>To check <keyword id="8432862" type="UNKNOWN" weightage="20" keywordseo="EaseMyTrip-IPO">EaseMyTrip IPO</keyword> allotment status on BSE or NSE website, go to the <a href="https://www.bseindia.com/investors/appli_check.aspx">BSE website</a>.</li><li>On the website, click on 'Equity' and then from the dropdown, select Easy Trip Planners Ltd'.</li><li>Now, enter your application number and PAN.</li><li>Click on 'Search'.</li></ul>You will be able to see the number of shares allotted to you. <cmsannotation type="cmsannotation" annotationid="When will the EaseMyTrip shares be listed?" comment="subhead" text="When will the EaseMyTrip shares be listed?">When will the EaseMyTrip shares be listed?</cmsannotation> The listing date for the allotted shares of EaseMyTrip has not been announced. It is expected that the shares will be listed on March 19. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/suryoday-small-finance-bank-initial-public-offer-ipo-worth-581-crore-live-should-you-subscribe/articleshow/81543610.cms">Suryoday Small Finance Bank IPO worth ₹581 crore opens today – should you subscribe?</a> <a href="https://www.businessinsider.in/stock-market/news/nazara-technologies-ipo-opens-today-should-you-subscribe/articleshow/81542657.cms">Nazara Technologies will be the first pure-play gaming company to debut on the Indian public markets – analysts are all in for it</a> <a href="https://www.businessinsider.in/stock-market/news/laxmi-organic-kicks-off-its-600-crore-ipo-should-you-subscribe/articleshow/81509655.cms">Laxmi Organic kicks off its ₹600 crore IPO – should you subscribe?</a> <a href="https://www.businessinsider.in/stock-market/news/craftsman-automation-has-launched-its-824-crore-initial-public-offer-ipo-in-stock-market-in-india/articleshow/81506486.cms">The ₹824-crore Craftsman Automation IPO opens today – should you subscribe?</a>

EaseMyTrip IPO allotment live – how to check allotment, listing date and more

The <keyword id="1639" type="ORGANIZATION" weightage="20" keywordseo="Auction">auction</keyword> for the very first tweet by Twitter CEO <keyword id="265395" type="PERSON" weightage="20" keywordseo="Jack-Dorsey">Jack Dorsey</keyword> has fetched $2.4 million (a little over Rs 18 crore), which the billionaire would donate in Bitcoins to a charity. The bid for 15-year-old tweet on March 6, 2006 (saying 'just setting up my twttr')  put up for auction as an <keyword id="4668945" type="COMPANY" weightage="20" keywordseo="nft">NFT</keyword> (non-fungible token) on a platform called Valuables  has reportedly been won by Sina Estavi, CEO of tech company Bridge Oracle. Dorsey had said in an earlier tweet: "Ending this March 21st. Will immediately convert proceeds to #Bitcoin. And send to @GiveDirectly Africa Response". NFT is a <keyword id="50691" type="COMPANY" weightage="20" keywordseo="Digital">digital</keyword> good on the Ethereum blockchain. According to Valuables, "What you are purchasing is a digital certificate of the tweet, unique because it has been signed and verified by the creator". NFTs allow people to buy and sell ownership of unique digital items and keep track of who owns them using the blockchain. The artist Grimes recently sold several NFT items for nearly $6 million. An NFT of <keyword id="112378" type="PERSON" weightage="20" keywordseo="LeBron-James">LeBron James</keyword> making a historic dunk for the Lakers garnered more than $200,000. On March 11, an NFT of a work by digital artist Mike Winkelmann sold for $69 million at Christie's, making him "among the top three most valuable living artists". Non-fungible mean you can't exchange it for another thing of equal value. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/how-to-check-allotment-status-of-laxmi-organic-ipo/articleshow/81624672.cms">Laxmi Organic IPO allotment live – how to check allotment, listing date and more</a> <a href="https://www.businessinsider.in/stock-market/news/how-to-check-craftsman-automation-ipo-allotment-status/articleshow/81625011.cms">Craftsman Automation IPO allotment live – how to check allotment, listing date and more</a> <a href="https://www.businessinsider.in/thelife/article/a-4-foot-tall-humanoid-robot-called-doozy-may-just-be-the-party-symbol-for-tamil-nadus-immk-but-it-can-do-much-more-than-that/articleshow/81605666.cms">A 4-foot-tall humanoid robot called Doozy may just be the party symbol for Tamil Nadu’s IMMK, but it can do much more than that</a>

Twitter CEO Jack Dorsey's first tweet fetches $2.4 million in auction

UK Prime Minister <keyword id="6380867" type="PERSON" weightage="20" keywordseo="boris-johnson">Boris Johnson</keyword> will speak to leaders of the <keyword id="6355110" type="COMPANY" weightage="20" keywordseo="european-union">European Union</keyword> (EU) over the phone to discuss a <keyword id="6354651" type="PERSON" weightage="20" keywordseo="ban">ban</keyword> on the <keyword id="9605255" type="COMPANY" weightage="20" keywordseo="oxford-astrazeneca">Oxford-AstraZeneca</keyword> Covid-19 vaccine exports to the country, a media report said. The BBC report said that Johnson will make the calls this week in a bid "to persuade them to veto any proposal that would prevent vaccine exports from entering the UK". The latest flashpoint appears to be over doses made in a Dutch factory, the report said. Some of the leaders the Prime Minister is likely to speak with are French President <keyword id="6355124" type="PERSON" weightage="20" keywordseo="emmanuel-macron">Emmanuel Macron</keyword> and German Chancellor <keyword id="76" type="PERSON" weightage="20" keywordseo="Angela-Merkel">Angela Merkel</keyword>, according to British officials quoted by the Financial Times. On Thursday, the EU leaders will hold a virtual meeting to discuss the ban on exports of the jabs to the UK which comes after they faced widespread faced criticism for the slow pace of the <keyword id="9845143" type="UNKNOWN" weightage="20" keywordseo="vaccine-rollout">vaccine rollout</keyword> on the continent. The BBC report said that less than 12 per cent of the bloc's population is reported to have been inoculated against the virus, compared with nearly 40 per cent in the UK. According to <keyword id="59149" type="COMPANY" weightage="20" keywordseo="European-Commission">European Commission</keyword> President Ursula von der Leyen, the EU has exported 41 million vaccine doses to 33 countries in six weeks, with more than 10 million jabs to the UK. In a warning last week, she said that the EU can "forbid" vaccines made on the continent being sent to the UK if exports from Britain do not improve. Regarding the ongoing dispute, the UK's Defence Secretary Ben Wallace told the BBC on Sunday that the EU should not "build walls" which would "only damage both EU citizens and UK". Meanwhile, EU Commissioner Mairead McGuinness has urged all sides to "calm down" as no decisions have been taken on a ban as of now. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/how-to-check-allotment-status-of-kalyan-jewellers-ipo/articleshow/81626536.cms">Kalyan Jewellers IPO — Here is how to check share allotment status</a> <a href="https://www.businessinsider.in/stock-market/news/how-to-check-allotment-status-of-laxmi-organic-ipo/articleshow/81624672.cms">Laxmi Organic IPO allotment live – how to check allotment, listing date and more</a>

Boris Johnson to call EU leaders over AstraZeneca COVID-19 vaccine export ban

Equity benchmark <keyword id="6484188" type="PERSON" weightage="20" keywordseo="sensex">Sensex</keyword> tumbled over 300 points in early trade on Monday, tracking losses in <keyword id="10617334" type="UNKNOWN" weightage="20" keywordseo="index-majors-reliance-industries">index majors Reliance Industries</keyword>, HDFC Bank and <keyword id="6653" type="DOMAIN" weightage="20" keywordseo="ICICI-bank">ICICI Bank</keyword> amid a weak trend in global markets. The 30-share BSE index was trading 305.33 points or 0.61 per cent lower at 49,552.91, and the broader NSE <keyword id="6354813" type="COMPANY" weightage="20" keywordseo="Nifty">Nifty</keyword> fell 76 points or 0.52 per cent to 14,668. PowerGrid was the top loser in the <keyword id="9940028" type="UNKNOWN" weightage="20" keywordseo="sensex-pack">Sensex pack</keyword>, shedding around 2 per cent, followed by <keyword id="6355199" type="DOMAIN" weightage="20" keywordseo="reliance-industries">Reliance Industries</keyword>, ICICI Bank, HDFC Bank and IndusInd Bank. On the other hand, <keyword id="44642" type="DOMAIN" weightage="20" keywordseo="Sun-Pharma">Sun Pharma</keyword>, Dr Reddy's, Asian Paints and <keyword id="6354512" type="DOMAIN" weightage="20" keywordseo="Infosys">Infosys</keyword> were among the gainers. In the previous session, Sensex ended 641.72 points or 1.30 per cent higher at 49,858.24, and Nifty surged 186.15 points or 1.28 per cent to finish at 14,744. Foreign institutional investors (FIIs) were net buyers in the capital market on Friday as they bought shares worth Rs 1,418.43 crore, as per exchange data. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said the market is in an excessively volatile zone. Support comes from sustained FII buying which has crossed Rs 7,000 crore during the last four trading days. "But, there is a major dampener in the form of fast-rising COVID-19 cases, especially in some economically significant cities. Restricted economic activity in these regions might impact the optimistic growth projections for FY 22," he added. Elsewhere in Asia, bourses in Shanghai and Seoul were trading on a positive note in mid-session deals, while Hong Kong and Tokyo were in the red. Meanwhile, the global oil benchmark Brent crude was trading 0.50 per cent lower at USD 64.21 per barrel. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/how-to-check-allotment-status-of-laxmi-organic-ipo/articleshow/81624672.cms">Laxmi Organic IPO allotment live – how to check allotment, listing date and more</a> <a href="https://www.businessinsider.in/stock-market/news/how-to-check-craftsman-automation-ipo-allotment-status/articleshow/81625011.cms">Craftsman Automation IPO allotment live – how to check allotment, listing date and more</a> <a href="https://www.businessinsider.in/thelife/article/a-4-foot-tall-humanoid-robot-called-doozy-may-just-be-the-party-symbol-for-tamil-nadus-immk-but-it-can-do-much-more-than-that/articleshow/81605666.cms">A 4-foot-tall humanoid robot called Doozy may just be the party symbol for Tamil Nadu’s IMMK, but it can do much more than that</a>

Sensex drops over 300 points in early trade, Nifty below 14,700

<ul><li>Barbeque Nation is looking to raise ₹180 crore from the public markets by selling 54.5 lakh shares.</li><li>As of November 2020, the company’s net debt was ₹148 crore.</li><li>In an interview with Business Insider ahead of the IPO, the company’s chief executive officer Rahul Agrawal shares how Barbeque Nation survived the COVID-19 pandemic, its new delivery business and their growth plans.</li></ul>Indian casual dining chain Barbeque Nation Hospitality has finally made its way to the public markets, after a failed attempt at it over three years ago. The company, which operates the Indian restaurant chain Barbeque Nation and Italian chain Toscano, is looking to raise ₹180 crore from fresh issue of shares and an offer for sale up to 54.5 lakh shares. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Issue opens </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">March 24 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Issue closes </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">March 26 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Price band </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹498-500 per share </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Market lot </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">30 shares </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Minimum order value </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹15,000 </td></tr></tbody></table> In an interview with Business Insider ahead of the IPO, the company’s chief executive officer Rahul Agrawal shares how Barbeque Nation survived the COVID-19 pandemic, its new delivery business and their growth plans. Agrawal said that they have been ‘unlucky with the way they filed the IPO’. “We filed our papers in February 2020, and COVID-19 happened right after that,” he said. The company, which had initially got an approval to raise ₹1100 crore, has now cut it short drastically to ₹180 crore. The company hopes to raise ₹453 crore at the upper end of the price band. “Later on, some investors weren’t keen to exit, that's why the IPO size got reduced. We also raised a pre-IPO round that’s how the primary component came down,” said Agrawal. Barbeque Nation in a pre-IPO round raised ₹150 crore from Xponentia Capital, founded by private equity veteran Ajay Relan, and Jubilant Foodworks, the parent company of Domino’s Pizza in India. It is also backed by CX Capital, a PE firm, and Alchemy Capital, the investment firm headed by ace stock market expert Rakesh Jhunjhunwala. “We are raising ₹180 crore, of which ₹75 crore will go in repayment of debt, ₹55 crore will go for expansion, and the balance will be for general corporate expenses,” he said. As of November 2020, the company’s net debt was ₹148 crore. <cmsannotation type="cmsannotation" annotationid="Surviving COVID-19" comment="subhead" text="Surviving COVID-19">Surviving COVID-19</cmsannotation> With the COVID-19 pandemic and the subsequent nationwide lockdown, Barbeque Nation saw its business being completely shut in April and May, last year. “Frankly, lockdown was extremely challenging. We have over 160 outlets, 8000 people, the business had some debt, which still hasn’t been repaid. I don't think anything could have gone worse,” said Agrawal. But the team was swift to jump into precautionary measures. “We were very transparent to all our stakeholders – from employees to guests. The team also went ahead and started asking for rebates, renegotiating contracts etc.,” he said. During the pandemic, Barbeque Nation managed to save 98% of its outlets. “Once the lockdown happened, we went back to our landlord partners and asked them for assistance in terms of rental waivers given the fact that it was no business time. We are happy to say that we were able to save 98% of our stores. Unfortunately, three outlets, which were at high rental places, two in Mumbai and one in Delhi had to shut down,” Kushal Budhia, head of strategy and investor relations of Barbeque Nation told Business Insider. While in April and May there was barely any business, eventually, the growth started from June and by November, their business was at 84% of last year’s November numbers. <div type="image" title="BBN new" msid="81626190" hostid="261"></div> <cmsannotation type="cmsannotation" annotationid="Diving into a new business category" comment="subhead" text="Diving into a new business category">Diving into a new business category</cmsannotation> As COVID-19 pandemic made the transition to online inevitable for all companies, Barbeque Nation, which is famous for its dine-in business, jumped into the online delivery model. The company launched a new concept of ‘Barbeque in a box’ for delivery. “The delivery business has seen good response and is growing – it does digital numbers as a proportion of revenue,” said Agrawal. “Barbeque Nation stands for value for money, service and experience. The last two components you can’t replicate in a delivery business. We thought of it differently – the largest market size is for Indian cuisine. Our thesis is very simple: the market is there, delivery is going higher. We said that don’t confuse us with giving the same experience of Barbeque Nation at home. Instead, they have been ordering Indian food, so we carried forward our value and variety concept,” he said. <cmsannotation type="cmsannotation" annotationid="Ready for troubled times ahead" comment="subhead" text="Ready for troubled times ahead">Ready for troubled times ahead</cmsannotation> As Barbeque Nation opens its doors to the public markets, there’s also the fear of another nationwide lockdown, while several cities are already subject to lockdown or night curfew. But Agrawal said that while there may be a short term disruption in business, their long term vision to grow in the Indian restaurant industry remains intact. “This will be the nature of the business going forward for at least a couple of quarters – different states will have different restrictions. In the short term, you would see business disruption. We believe that we have already gone through a strict lockdown in the past, and survived it and that will help us sail through this,” he said. As things stabilise, the company also plans to get back to its expansion plans, having gone from 80 restaurants in FY17 to over 160 restaurants now. “We will also focus majorly on the new delivery vertical,” said Agrawal. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/how-to-check-allotment-status-of-laxmi-organic-ipo/articleshow/81624672.cms">Laxmi Organic IPO allotment live – how to check allotment, listing date and more</a> <a href="https://www.businessinsider.in/stock-market/news/how-to-check-craftsman-automation-ipo-allotment-status/articleshow/81625011.cms">Craftsman Automation IPO allotment live – how to check allotment, listing date and more</a>

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Laxmi Organic IPO allotment live – how to check allotment, listing date and more

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