Dubai, The International Cricket Council (ICC) on Tuesday announced the nominees for the <keyword id="10693146" type="UNKNOWN" weightage="20" keywordseo="inaugural-icc-player">inaugural ICC Player</keyword> of the <keyword id="10693145" type="UNKNOWN" weightage="20" keywordseo="month-awards">Month Awards</keyword>, in which India's <keyword id="3142448" type="PERSON" weightage="20" keywordseo="Rishabh-Pant">Rishabh Pant</keyword> and England's Joe Root have found a place in the men's category. Pant played two Tests against Australia where he scored a 97 at Sydney to ensure a draw before an unbeaten 89 at Brisbane that led India to a historic Border-Gavaskar series win. Root, on the other hand, played two Tests against Sri Lanka, where he scored a 228 and 186 and led his team to a 2-0 Test series victory. The third nominee in the category, Ireland's Paul Stirling played two ODIs against UAE and three ODIs against Afghanistan, where he scored three centuries. Meanwhile, Diana Baig of Pakistan, South Africa's Shabnim Ismail and her compatriot all-rounder Marizanne Kapp have found a place in the women's category. Baig played three ODIs and two T20Is against South Africa, where she led the wicket-takers with nine wickets in the three-match ODI series against South Africa. Ismail also played three ODIs and two T20Is against Pakistan and took seven wickets in the victorious ODI series against Pakistan, before taking five wickets in the second T20I against the same opposition. Kapp who is the third nominee in the category played two ODIs and two T20Is against Pakistan where she made 115 runs at a strike rate of 110.57 and added three wickets in the ODI series against Pakistan. The ICC on January 27 had announced the introduction of the 'ICC Player of the Month' awards to recognise and celebrate the best performances of both male and female cricketers across all forms of international cricket throughout the year. The three nominees for each of the categories are shortlisted based on on-field performances and overall achievements during the period of that month (the first to the last day of each calendar month). This shortlist is then voted on by the independent ICC Voting Academy and fans around the world. ICC Voting Academy: Afghanistan: Hameed Qayoomi and Javed Hamim, Australia: Adam Collins and <keyword id="150884" type="PERSON" weightage="20" keywordseo="Lisa-Sthalekar">Lisa Sthalekar</keyword>, Bangladesh: Tarek Mahmoud and Mohammad Isam, England: Kalika Mehta and Claire Taylor, Ireland: Ian Callender and Isobel Joyce, India: Mona Parthsarathi and VVS Laxman, New Zealand: Mark Geenty and John Wright, Pakistan: Sohail Imran and Ramiz Raja, South Africa: Firdose Moonda and <keyword id="86138" type="PERSON" weightage="20" keywordseo="Jonty-Rhodes">Jonty Rhodes</keyword>, Sri Lanka: Champika Fernando and Russel Arnold, West Indies: Ian Bishop and Andy Roberts, Zimbabwe: Tristan Holme and Mpumelelo Mbangwa, Others: AKS Satish and Preston Mommsen SEE ALSO: <a href="https://www.businessinsider.in/business/news/mukesh-ambani-ratan-tata-and-anand-mahindra-might-come-together-for-indias-new-national-hydrogen-mission/articleshow/80645570.cms">Mukesh Ambani, Ratan Tata, and Anand Mahindra might come together for India’s new National Hydrogen Mission</a> <a href="https://www.businessinsider.in/stock-market/news/indigo-paints-shares-listed-at-2607-which-is-at-75-premium-to-the-set-price-band-at-1488-1490-per-share/articleshow/80643645.cms">India’s fifth-largest paint maker Indigo Paints IPO lists at 75% premium over the issue price</a>

Rishabh Pant, Root nominated for ICC Player of the Month for January

Chennai, India's swashbuckling wicketkeeper-batsman <keyword id="3142448" type="PERSON" weightage="20" keywordseo="Rishabh-Pant">Rishabh Pant</keyword> said he will donate his <keyword id="1928574" type="PERSON" weightage="20" keywordseo="match-fee">match fee</keyword> towards <keyword id="6388465" type="UNKNOWN" weightage="20" keywordseo="rescue-operations">rescue operations</keyword> for the glacier burst in <keyword id="44522" type="LOCATION" weightage="20" keywordseo="Uttarakhand">Uttarakhand</keyword> and also encouraged others to come forward and contribute. A glacier broke off at Joshimath in Uttarakhand's Chamoli district on Sunday, leading to a massive <keyword id="6369083" type="UNKNOWN" weightage="20" keywordseo="flood">flood</keyword> in the <keyword id="2553291" type="LOCATION" weightage="20" keywordseo="Dhauli">Dhauli</keyword> Ganga river and causing large-scale devastation in the upper reaches of the ecologically fragile Himalayas. Pant was born in Roorkee, a town in the state's Haridwar district. "Deeply pained by the loss of life in Uttarakhand. Would like to donate my match fee for the rescue efforts and would urge more people to help out," Pant wrote on his Twitter handle. In an earlier post on Sunday, the 23-year-old wicketkeeper expressed his grief over the loss of lives in the natural calamity. "My sincere condolences and prayers for the families of those affected by the Uttarakhand flash floods. I hope that the rescue operations underway are able to help those in trouble," he had written. Pant tweeted soon after making a breathtaking 91 in the ongoing opening Test between India and England at the MA Chidambaram Stadium here. More than 150 labourers working in a power project are missing, officials said. Homes along the way were swept away as the waters rushed down the mountainsides in a raging torrent. There were fears of damage in human settlements downstream. Many villages were evacuated and people taken to safer areas on Sunday. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/heres-why-you-arent-being-able-to-apply-for-brookfield-reit-ipo-through-zerodha-groww-angel-broking-and-other-stockbroking-apps/articleshow/80686457.cms">Here's why you aren't being able to apply for Brookfield REIT IPO through Zerodha, Groww and other stockbroking apps</a> <a href="https://www.businessinsider.in/stock-market/news/analysts-explain-why-indigo-paints-shares-fell-with-a-thud-just-like-burger-king-and-mrs-bectors-and-what-to-do-with-it-now/articleshow/80704864.cms">Indigo Paints joins the league of Burger King and Bector's — frenzied IPOs that fizzled out</a> <a href="https://www.businessinsider.in/tech/news/the-india-stack-that-bill-gates-and-sundar-pichai-so-love-is-set-to-get-much-bigger-thanks-to-the-indian-governments-new-blockchain-strategy/articleshow/80718403.cms">The India stack that Bill Gates and Sundar Pichai so love is set to get much bigger – thanks to the Indian government’s new blockchain strategy</a>

Rishabh Pant to donate match fee towards rescue operations in Uttarakhand

India captain <keyword id="6354486" type="PERSON" weightage="20" keywordseo="virat-kohli">Virat Kohli</keyword> has moved back into the top five of the International Cricket Council's (<keyword id="6355164" type="UNKNOWN" weightage="20" keywordseo="ICC">ICC</keyword>) T20I rankings for batsmen. Kohli recorded unbeaten knocks of 73 and 77 in the second and third T20Is against England. The performances helped Kohli, who has had lengthy spells as the top ranked batsman in T20Is in the past, rose to fifth on the back of his performances in the second and third T20Is. Meanwhile, <keyword id="982208" type="PERSON" weightage="20" keywordseo="Shreyas-Iyer">Shreyas Iyer</keyword> jumped 32 places to 31st while <keyword id="3142448" type="PERSON" weightage="20" keywordseo="Rishabh-Pant">Rishabh Pant</keyword> gained 30 places to reach 80th in the rankings. All-rounder <keyword id="6354853" type="PERSON" weightage="20" keywordseo="Washington-Sundar">Washington Sundar</keyword> (up two places to 11th) and seam bowlers Shardul Thakur (up 14 places to 27th) and <keyword id="479464" type="PERSON" weightage="20" keywordseo="Bhuvneshwar-Kumar">Bhuvneshwar Kumar</keyword> (up seven places to 45th) have moved up the list for bowlers. England's <keyword id="3678141" type="PERSON" weightage="20" keywordseo="dawid-malan">Dawid Malan</keyword> retains the No.1 rank among batsmen in T20Is while Jos Buttler's match-winning 83 not out in the third match has helped him advance five places to 19th position, just two shy of his career-best 17th position attained in October 2018. Jonny Bairstow, who chipped in with 40 runs and was associated in an unbroken 77-run stand with Buttler in the eight-wicket win on Tuesday, has moved up two slots to 14th position in the list led by his compatriot Dawid Malan. <keyword id="2490284" type="PERSON" weightage="20" keywordseo="Jason-Roy">Jason Roy</keyword> has advanced four slots to 24th with scores of 49 and 46 in the first two matches. SEE ALSO: <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/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/tech/news/elon-musk-turns-down-1-million-for-the-tweet-he-was-selling-as-an-nft/articleshow/81546434.cms">Elon Musk turns down $1 million for the tweet he was selling as an NFT</a> <a href="https://www.businessinsider.in/stock-market/news/how-to-check-easemytrip-ipo-allotment-and-listing-date/articleshow/81548106.cms">EaseMyTrip IPO allotment live – how to check allotment, listing date and more</a>

Virat Kohli moves back into top-five of International Cricket Council T20I rankings for batsmen

Mumbai, Enterprising wicketkeeper-batsman <keyword id="3142448" type="PERSON" weightage="20" keywordseo="Rishabh-Pant">Rishabh Pant</keyword>, whose heroics helped India register one of their most memorable Test wins against Australia in Brisbane, has signed a multi-year contract with <keyword id="1689087" type="COMPANY" weightage="20" keywordseo="JSW-Sports">JSW Sports</keyword>. The <keyword id="30336" type="ORGANIZATION" weightage="20" keywordseo="Deal">deal</keyword> will see the firm manage all commercial interests and marketing rights of 23-year-old Pant. Mustafa Ghouse, CEO of <keyword id="13852" type="COMPANY" weightage="20" keywordseo="JSW">JSW</keyword> Sports, said that JSW was looking for a <keyword id="3876678" type="PERSON" weightage="20" keywordseo="long-association">long association</keyword> with the talented left-hander. "This contract will last as long as he plays. But right now, we are looking at it for a couple of years -- a minimum of two years -- and then we will extend it," Ghouse, a former India Davis Cup tennis player told. "The conditions for extending the contract beyond two years would, basically, be comfort and delivery; both parties have to be happy," he said. As part of the association, JSW Sports will manage Pant's image positioning and all his commercial engagements, including brand endorsements and appearances, social media monetisation and business deals. "I have had a close relationship with the <keyword id="144036" type="COMPANY" weightage="20" keywordseo="JSW-Group">JSW Group</keyword> and am excited to embark on this new journey with JSW Sports. I have tremendous respect for the work they have been doing to promote sports in India and have seen their dedication towards helping create and sustain a sporting culture in India," said Pant. "After having had a detailed conversation with them, I felt this was the right choice for me at this stage of my career and I am excited to be represented by them," he added. "I think what the world has seen Rishabh do at 23 is just the tip of the iceberg. We have always adopted a holistic approach to all our business verticals and we will continue to do that for 'Brand Rishabh' through this relationship," said Ghouse. On Tuesday, Pant scored a brilliant 89 not out as India chased down a 328-run target on Day Five for the Brisbane Test, thus becoming a first team in over 32 years to beat Australia at the Gabba. Courtesy their win, India won the Border-Gavaskar series 2-1, a trophy which has been with them following their maiden Test series win in 2018-19 tour Down Under. Pant ended up with the highest aggregate for India in the Test series with 274 runs in three matches, and the third overall, behind Aussies Marnus Labuschagne (426 runs in four matches) and Steve Smith (313 in four matches). SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/why-indigo-paints-1000-crore-ipo-is-a-hit-even-before-it-opened-for-subscription/articleshow/80357759.cms?upcache=2">Indigo Paints’ ₹1,000 crore IPO is a hit even before it opened⁠ for subscription— here’s why</a> <a href="https://www.businessinsider.in/international/news/jack-ma-the-billionaire-founder-of-alibaba-and-ant-group-resurfaced-after-he-went-missing-in-china/articleshow/80360004.cms">Jack Ma resurfaces – Alibaba founder makes his first public appearance after he was feared to be “missing” for nearly two months</a> <a href="https://www.businessinsider.in/tech/mobile/news/best-smartphone-deals-and-discount-on-amazon-great-republic-day-sale/articleshow/80358909.cms">Best smartphone deals and offers on Amazon Great Republic Day Sale</a>

Rishabh Pant, the star of Gabba test, signs multi-year contract with JSW Sports

New Delhi, Experienced speedster <keyword id="11685" type="PERSON" weightage="20" keywordseo="Ishant-Sharma">Ishant Sharma</keyword>, who missed the just concluded Australia tour due to an injury, was on Tuesday included in an 18-member Indian squad named for the first two Test matches against <keyword id="6355981" type="LOCATION" weightage="20" keywordseo="england">England</keyword>, starting on February 5 in Chennai. Both matches will be played in Chennai. Squad: <keyword id="6354486" type="PERSON" weightage="20" keywordseo="virat-kohli">Virat Kohli</keyword> (captain), <keyword id="13937" type="PERSON" weightage="20" keywordseo="Rohit-Sharma">Rohit Sharma</keyword>, Shubman Gill, <keyword id="433888" type="COMPANY" weightage="20" keywordseo="Mayank-Agarwal">Mayank Agarwal</keyword>, Cheteshwar Pujara, Ajinkya Rahane, <keyword id="3142448" type="PERSON" weightage="20" keywordseo="Rishabh-Pant">Rishabh Pant</keyword>, Wriddhiman Saha (wicketkeeper), Hardik Pandya, KL Rahul, <keyword id="1627109" type="PERSON" weightage="20" keywordseo="Jasprit-Bumrah">Jasprit Bumrah</keyword>, Ishant Sharma, Mohammed Siraj, Shardul Thakur, R Ashwin, Kuldeep Yadav, Washington Sundar, Axar Patel, Standbyes: KS Bharat (wicketkeeper), Abhimanya Easwaran, Shahbaz Nadeem, Rahul Chahar Net bowlers: Ankit Rajpoot, Avesh Khan, <keyword id="1465956" type="COMPANY" weightage="20" keywordseo="Sandeep-Warrier">Sandeep Warrier</keyword>, K Gowtham, Saurabh Kumar SEE ALSO: <a href="https://www.businessinsider.in/business/startups/news/zoom-dropbox-backer-salesforce-ventures-makes-its-first-investment-in-india-in-hr-tech-startup-darwinbox-which-claims-to-have-grown-by-200-during-lockdown/articleshow/80341562.cms">Zoom, Dropbox backer Salesforce Ventures makes its first investment in India in HR tech startup Darwinbox, which claims to have grown by 200% during lockdown</a> <a href="https://www.businessinsider.in/stock-market/news/home-first-finance-company-hffc-is-set-to-launch-its-1153-crore-ipo-on-january-21/articleshow/80341439.cms?upcache=2">Warburg Pincus-backed Home First Finance Company to launch ₹1,153 crore IPO on January 21</a> <a href="https://www.businessinsider.in/international/news/top-ten-likely-global-risks-in-2021-according-to-the-world-economic-forum/slidelist/80346013.cms">From climate action failure to monopoly in the tech world — the world needs to wake up to these global risks in 2021, says the World Economic Forum</a>

Ishant Sharma selected in 18-member squad for first two Tests vs England

Brisbane, India on Tuesday became the first team to beat Australia at The Gabba in over 32 years when they defeated the hosts by three wickets in the fourth and final Test and clinched the Border-Gavaskar Trophy 2-1. Chasing 328, India achieved the target in 97 overs with <keyword id="3142448" type="PERSON" weightage="20" keywordseo="Rishabh-Pant">Rishabh Pant</keyword> remaining unbeaten on 89. Shubman Gill and <keyword id="75027" type="PERSON" weightage="20" keywordseo="Cheteshwar-Pujara">Cheteshwar Pujara</keyword> also scored 91 and 56 runs respectively. <keyword id="41288" type="LOCATION" weightage="20" keywordseo="West-Indies">West Indies</keyword> were the last one to beat Australia at what is considered a fortress for the Australian team. In all, Australia had won 40 out of the 62 games they played at the venue prior to this match, losing just eight. Four of those losses have come against England while three came against West Indies, the last of which was in 1988. One came against <keyword id="22501" type="LOCATION" weightage="20" keywordseo="New-Zealand">New Zealand</keyword>. India have played seven matches, losing five, drawing one and winning the one in the ongoing series. This is also the first time Australia have not won at The Gabba since 2012. Back in November 2012, they had drawn against South Africa. Following that draw, they beat England (twice), India, New Zealand, <keyword id="3001" type="LOCATION" weightage="20" keywordseo="Pakistan">Pakistan</keyword> (twice) and Sri Lanka. SEE ALSO: <a href="https://www.businessinsider.in/budget/news/indian-government-budget-dilemma-curb-the-sale-of-cigarettes-or-let-the-over-12-billion-tobacco-industry-provide-the-much-needed-cash/articleshow/80340422.cms">Indian government’s budget dilemma – curb the sale of cigarettes or let the over $12 billion tobacco industry provide the much needed cash</a> <a href="https://www.businessinsider.in/business/startups/news/zoom-dropbox-backer-salesforce-ventures-makes-its-first-investment-in-india-in-hr-tech-startup-darwinbox-which-claims-to-have-grown-by-200-during-lockdown/articleshow/80341562.cms">Zoom, Dropbox backer Salesforce Ventures makes its first investment in India in HR tech startup Darwinbox, which claims to have grown by 200% during lockdown</a> <a href="https://www.businessinsider.in/stock-market/news/home-first-finance-company-hffc-is-set-to-launch-its-1153-crore-ipo-on-january-21/articleshow/80341439.cms?upcache=2">Warburg Pincus-backed Home First Finance Company to launch ₹1,153 crore IPO on January 21</a>

Fortress Gabba breached, India becomes first team to win in 32 years

Yashasvi <keyword id="20066174" type="General" weightage="20" keywordseo="Jaiswal" source="keywords">Jaiswal</keyword> hit a bludgeoning half-century to steer <keyword id="19895063" type="General" weightage="20" keywordseo="India" source="keywords" meta.keywordsubtype="org" meta.entityname="India" meta.hostid="261" meta.entityid="India">India</keyword> to a solid 138 for two in their first innings at tea on day four of the weather-hit second Test against <keyword id="19919639" type="General" weightage="20" keywordseo="Bangladesh" source="keywords" meta.keywordsubtype="org" meta.entityname="Bangladesh" meta.hostid="261" meta.entityid="Bangladesh">Bangladesh</keyword>, here Monday. Jaiswal hammered a 52-ball 71 as India scored at over eight runs an over, and now trail the visitors by 95 runs. Earlier, Bangladesh were bundled out for 233 in their first innings, built around <keyword id="22750663" type="General" weightage="20" keywordseo="Mominul-Haque" source="keywords">Mominul Haque</keyword>'s patient hundred. The sun shone bright in the <keyword id="19921464" type="General" weightage="20" keywordseo="Kanpur" source="keywords">Kanpur</keyword> sky after two gloomy days and the on-field action finally began after losing eight sessions. Except for Mominul, none of the Bangladeshi batters applied themselves on a placid pitch that did not offer much to the Indian bowlers. Showing urgency to surpass Bangladesh total and probably push for a victory in the limited time available, India came out batting in the T20 mode. Jaiswal hit three boundaries in the opening over to stun pacer Hasan Mahmud while Rohit began by clobbering two sixes off Khaled Ahmed, and one landed on the stadium roof. The onslaught surprised the rival attack but the home fans were rewarded for flocking the stadium in the last two days despite rain. Going with a see-and-hit approach, India completed the fastest team fifty in three overs. Realising the ineffectiveness of his pacers, Bangladesh skipper Najmul Hossain Shanto introduced spinner Mehidy Hasan Miraz and he responded to the SOS call, castling Rohit. Jaiswal completed his fifty with a single off left-arm spinner Taijul Islam and went on in his aggressive fashion. His innings, which contained 12 fours and two sixes, was cut short by Mahmud. The young opener added 72 runs for the second wicket with Shubhman Gill (38). Gill (37) and Rishabh Pant (4) remained unseparated till the tea break. Earlier, pacer <keyword id="19899525" type="General" weightage="20" keywordseo="Jasprit-Bumrah" source="keywords">Jasprit Bumrah</keyword> (3/50) accounted for three batters, further establishing his brilliance, while his pace colleagues Mohammed Siraj (2/57) and Akash Deep (2/43) scalped two batters each. Spinner Ravichandran Ashwin (2/45) got rid of legendary Shakib Al Hasan, probably playing his last Test. Ravindra Jadeja toiled hard to get his 300th Test wicket and succeeded when he caught and bowled Khaled. Jadeja also became the second quickest to complete the double of 300 wickets and 3000 runs in <keyword id="19935483" type="General" weightage="20" keywordseo="Test-cricket" source="keywords">Test cricket</keyword> behind England great Ian Botham. Resuming at 107 for three, Bangladesh lost Mushfiqur Rahim (11) in the sixth over of the day when Bumrah bowled him with an angled delivery. It was an error of judgement from Rahim who left the ball, thinking it would go over the stumps but it stayed a bit low to disturb the off-stump. In the previous ball also, Rahim was troubled by an angled delivery that took the edge and zoomed to the boundary ropes. New-man in Litton Das (13) began confidently, driving a length ball from Bumrah through the cover for a four and followed that up with another solid drive in the same region. Mominul stayed solid from his end and also survived an appeal off Mohammed Siraj. The southpaw was beaten, as the ball hit his thigh-pad and DRS showed the ball had not touched his glove before being taken by Jaiswal. In the next ball, Mominul completed his half-century by pulling a short one from Siraj to the square leg boundary. Rohit, standing at mid-off, pulled a stunner from thin air when Das charged down the wicket to Siraj but stood in disbelief after his powerful hit was plucked by the Indian captain. In came Shakib (9), but he did not last long. He got his first boundary by working a full-length delivery from Siraj on the leg side. He went after Ashwin but could not connect well as his one hand came off the bat. Siraj standing at mid-off backpaddled to take a stunning catch. 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Yashasvi Jaiswal hammers Bangladesh attack after Mominul's ton; India 138/2 at tea

Australian batting legend <keyword id="19964285" type="General" weightage="20" keywordseo="Ricky-Ponting" source="keywords">Ricky Ponting</keyword> said that star Indian batter <keyword id="19907934" type="General" weightage="20" keywordseo="Virat-Kohli" source="keywords">Virat Kohli</keyword> should open with skipper <keyword id="19899523" type="General" weightage="20" keywordseo="Rohit-Sharma" source="keywords">Rohit Sharma</keyword> in the upcoming ICC <keyword id="19921630" type="General" weightage="20" keywordseo="T20-World-Cup" source="keywords">T20 World Cup</keyword>, starting from June 1 in West Indies and USA. <keyword id="19895063" type="General" weightage="20" keywordseo="India" source="keywords">India</keyword>'s T20 World Cup campaign begins on 5 June against Ireland before the newly-constructed Nassau County International Cricket Stadium in New York takes centre stage for the epic India vs Pakistan clash on 9 June. They will later play tournament co-hosts USA (12 June) and Canada (15 June) to wrap up their Group A matches. Virat is the highest run-scorer in the history of the tournament, scoring 1,141 runs at an average of 81.50 and a strike rate of 131.30, with 14 fifties in 25 innings. His best score is 89*. While Kohli has been in fine form in the role of <keyword id="20181568" type="General" weightage="20" keywordseo="opener" source="keywords">opener</keyword> for Royal Challengers Bangalore (RCB) at the ongoing Indian Premier League with a tournament-best 708 runs from 14 innings at a strike rate above 155 and a century and five half-centuries, questions have been raised about his strike rate at the top of the batting order. Australia legend Ponting, a three-time ICC Men's Cricket World Cup winner, says that while strike rates have taken precedence over averages in recent times, Kohli remains as relevant to India's fortunes as before. "The mantra I think for the teams three or four years ago, was making sure that someone at the top of the order made 80 or 100, even if it took them 60 balls, it did not really matter," Ponting told the ICC. "I think it is sort of shifting now to be more of a strike rate-based game where you can have a massive impact on a game with a 40 off 15 balls rather than getting an 80 off 55 balls sort of thing," he added. While Kohli has primarily batted at number three for India in the shortest format in the past, Ponting thinks the 35-year-old will be best served to open the batting alongside skipper Rohit Sharma at the T20 World Cup. "They (selectors) have still got a decision to make because (Yashasvi) Jaiswal is in that squad and one thing they have not got a lot in their team is left-hand batters," Ponting noted. "So they have got a decision to make with Jaiswal, but I am pretty sure that they will go with Kohli and Rohit Sharma (as openers)," he concluded. India squad: Rohit Sharma (c), Hardik Pandya (vc), Yashasvi Jaiswal, Virat Kohli, Suryakumar Yadav, Rishabh Pant (wk), Sanju Samson (wk), Shivam Dube, Ravindra Jadeja, Axar Patel, Kuldeep Yadav, Yuzvendra Chahal, Arshdeep Singh, Jasprit Bumrah, Mohd. Siraj Reserves: Shubman Gill, Rinku Singh, Khaleel Ahmed and Avesh Khan. SEE ALSO:<a href="https://www.businessinsider.in/stock-market/webstories/awfis-space-solutions-ipo-price-band-to-risk-factors-all-you-need-to-know/slidelist/110305597.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/webstories/awfis-space-solutions-ipo-price-band-to-risk-factors-all-you-need-to-know/slidelist/110305597.cms" target="_blank">Awfis Space Solutions IPO – Price band to risk factors, all you need to know</a><a href="https://www.businessinsider.in/sports/webstories/rajasthan-royals-vs-royal-challengers-bengaluru-head-to-head-record-key-players-and-more/slidelist/110298325.cms" target="_blank"></a> <a href="https://www.businessinsider.in/sports/webstories/rajasthan-royals-vs-royal-challengers-bengaluru-head-to-head-record-key-players-and-more/slidelist/110298325.cms" target="_blank">Rajasthan Royals vs Royal Challengers Bengaluru: head-to-head record, key players and more</a><a href="https://www.businessinsider.in/tech/news/indias-pc-market-grows-by-2-6-in-q1-2024-recording-third-consecutive-quarter-with-growth/articleshow/110292150.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/news/indias-pc-market-grows-by-2-6-in-q1-2024-recording-third-consecutive-quarter-with-growth/articleshow/110292150.cms" target="_blank">India's PC market grows by 2.6% in Q1 2024, recording third consecutive quarter with growth</a>

Ricky Ponting feels Virat Kohli will serve India best as opener during T20 WC

<ul><li>The stock fell steeply from its issue price on market debut.</li><li>Its market cap is ₹2,111 crore, as per Bombay Stock Exchange.</li><li>The ₹775 crore IPO was subscribed 1.6 times the shares on offer. </li></ul><keyword id="624860" type="General" weightage="20" keywordseo="yatra-online" source="Orion">Yatra Online</keyword>’s stock saw a volatile market debut on Thursday. Its price slipped over 8% early on as trading started but the fall was later stemmed to 5% as of 10:10 am. The stock gained during the session but the listing loss over its IPO price remained at 4%, at its closing price of ₹135. Its issue price is at ₹142, which is the upper end of the price band. The stock is one of the rare few to see negative listing gains during this very busy IPO season. Its market cap is ₹2,111 crore, as per Bombay Stock Exchange. Here are the listing gains of the last few market debuts <table style="border-width: initial; border-style: none;" class="redcator-table-advance"><colgroup></colgroup><col /><col /><tbody><tr><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Listing gains </td></tr><tr><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Signature Global </td><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">18% </td></tr><tr><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Sai Silks Kalamandir </td><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">10% </td></tr><tr><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">EMS Ltd </td><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">32.58% </td></tr><tr><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">R R Kabel </td><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">15.6% </td></tr><tr><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Jupiter Life Line Hospitals </td><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">46% </td></tr><tr><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Rishabh Instruments </td><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.18% </td></tr><tr><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Ratnaveer Precision Engineering </td><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">37% </td></tr><tr><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Vishnu Prakash R Punglia </td><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">47% </td></tr><tr><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Aeroflex </td><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">83% </td></tr><tr><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Pyramid Technoplast </td><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">12% </td></tr><tr><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">TVS Supply Chain </td><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">5% </td></tr><tr><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">SBFC </td><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">43% </td></tr><tr><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Concord Biotech </td><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">21% </td></tr></tbody><tbody></tbody></table> The ₹775 crore initial public offer was subscribed 1.6 times the shares on offer, on the last day of the subscription. Qualified institutional buyer (QIB) and retail portions were subscribed twice over, while non-institutional investor portion was not fully subscribed. The price band of the issue has been fixed at ₹135-142 per equity share. The IPO comprised a fresh issuance of shares worth ₹602 crore and an offer for sale (OFS) of up to 12,183,099 shares. It had undertaken a pre-IPO placement of ₹62.01 crore by way of rights issue and allotted 2,627,697 shares of face value ₹1 each to its promoter, THCL in December 2022. ‘Can gain from industry tailwinds’ Yatra Online offers access to hotels, homestays, and other accommodations through its platform. It is a one-stop shop for travellers, offering vacation packages as well as visa facilitation, tours, sightseeing, shows, and events. Proceeds from the fresh issue will be utilised towards strategic investments, acquisitions, and inorganic growth, customer acquisition and retention, technology, and other organic growth initiatives and general corporate purposes. The company claims to be India’s largest corporate travel services provider in terms of number of corporate clients. It is the third largest online travel company in India among key online travel agency (OTA) players in terms of gross booking revenue and operating revenue for FY23. The company’s revenues have been growing steadily for the last three years and has turned profitable in FY23, after cutting its losses progressively over two years. At the upper price band, the company is valued at a market-cap to sales ratio of 5.8 times as per its FY23 earnings. Its peer EaseMyTrip is valued at 15.7 times, as per Anand Rathi Securities. “We believe that for Yatra there is a scope of business improvement on the back of industry tailwinds, brand recall and business scalability, resulting in expansion of the EBITDA margin from here on,” the report said, adding that it recommends a ‘subscribe’ rating for the long term.

Yatra Online stock slips below its issue price on listing

<ul><li>The stock listed at ₹299.9 as compared to its issue price of ₹300.</li><li>The market capitalisation of the company is at ₹2,000 crore as per BSE.</li><li>It plans to use its net proceeds towards working capital, debt, possible inorganic growth and others. </li></ul><keyword id="674026" type="General" weightage="20" keywordseo="updater-services" source="Orion">Updater Services</keyword>’ stock made a flat debut on the bourses on Wednesday in line with grey market expectations. It fell very slightly by 0.03% on listing, to ₹299.9 as compared to its issue price of ₹300. During the trading session, the stock fell by 5.3% to close at ₹283 per share, ending the day with negative listing gains. The market capitalization of the company is at ₹2,000 crore as per Bombay Stock Exchange. The ₹640 crore initial public offer of the business services platform was subscribed 2.9 times the shares on offer. The price band for the offer was fixed at ₹280-300. On Tuesday, <keyword id="146214" type="General" weightage="50" keywordseo="jsw-infrastructure" source="Orion">JSW Infrastructure</keyword> gave a stellar listing, as it hit upper circuit on debut day. With the exception of <keyword id="624860" type="General" weightage="80" keywordseo="yatra-online" source="Orion">Yatra Online</keyword>, most IPOs that debuted recently gave positive listing gains. Here are the listing gains of the last few market debuts <table style="border-width: initial; border-style: none;" class="redcator-table-advance"><colgroup></colgroup><col /><col /><tbody><tr><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Listing gains </td></tr><tr><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">JSW Infra </td><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">28.5% </td></tr><tr><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Yatra </td><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-4% </td></tr><tr><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Signature Global </td><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">18% </td></tr><tr><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Sai Silks Kalamandir </td><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">10% </td></tr><tr><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">EMS Ltd </td><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">32.58% </td></tr><tr><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">R R Kabel </td><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">15.6% </td></tr><tr><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Jupiter Life Line Hospitals </td><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">46% </td></tr><tr><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Rishabh Instruments </td><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.18% </td></tr><tr><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Ratnaveer Precision Engineering </td><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">37% </td></tr><tr><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Vishnu Prakash R Punglia </td><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">47% </td></tr><tr><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Aeroflex </td><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">83% </td></tr><tr><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Pyramid Technoplast </td><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">12% </td></tr><tr><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">TVS Supply Chain </td><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">5% </td></tr><tr><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">SBFC </td><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">43% </td></tr><tr><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Concord Biotech </td><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">21% </td></tr></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody></table> Business services on a platform The company was incorporated in 2003, and is a business services platform. It offers integrated facilities management and business support services. It is the second-largest player within the IFM segment, says a Frost &amp; Sullivan report. Its business support services includes audit, assurance, employee background verification, sales enablement and mailroom management and more such. Integrated facilities management includes soft services, production services, engineering services and much more. Its IPO is a combination of fresh issue and offer for sale. It intends to use its net proceeds towards funding working capital requirements, repayment of debt, pursuing inorganic initiatives and other general purposes.

Updater Services’ stock slips 5.3% on listing day

<ul><li>The stock listed at ₹168 as compared to its IPO price of ₹164.</li><li>The marketcap of the company is at ₹2,028 crore according to Bombay Stock Exchange.</li><li>It plans to use net proceeds to acquire and retain customers, tech development, loan payment and more. </li></ul><keyword id="3260122" type="General" weightage="20" keywordseo="zaggle" source="Orion">Zaggle</keyword> Prepaid Ocean Services debuted on the bourses at a 2.9% premium on Friday morning. But the stock fell in trade today, leaving with losses on listing to the tune of 3.4%. The stock closed at ₹158 as compared to its IPO price of ₹164. The grey market was expecting listing gains to the tune of 9%. The marketcap of the company is at ₹2,028 crore, according to Bombay Stock Exchange. The stock markets opened in the red today after crashing for the last two sessions. Sensex was down by 178 points and Nifty by 64 points as of 10:00 am. Its initial public offer (IPO) was subscribed 12.5 times the shares on offer. The qualified institutional buyer (QIB) portion was subscribed 16.73 times, and the non-institutional investor portion was subscribed 8.8 times. The retail portion was subscribed 5.9 times. Here are the listing gains of the market debuts in the last few months. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"><colgroup></colgroup><col /><col /><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;">Company </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;">Listing gains </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;">EMS Ltd </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;">32.58% </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;">R R Kabel </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;">15.6% </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;">Jupiter Life Line Hospitals </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;">46% </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;">Rishabh Instruments </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;">0.18% </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;">Ratnaveer Precision Engineering </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;">37% </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;">Vishnu Prakash R Punglia </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;">47% </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;">Aeroflex </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;">83% </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;">Pyramid Technoplast </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;">12% </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;">TVS Supply Chain </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;">5% </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;">SBFC </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;">43% </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;">Concord Biotech </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;">21% </td></tr></tbody><tbody></tbody></table> The IPO had a price band of ₹156-₹164 per equity share. The IPO comprises a fresh issue of equity shares aggregating to ₹392 crore and an offer for sale up to 10,449,816 shares by selling shareholders. It has raised ₹253.52 crore ahead of the public offer from anchor investors like Kotak Equity Opportunities Fund, ICICI Prudential Technology Fund, Eastspring Investments India Fund and more. The company proposes to utilise its net proceeds towards customer acquisition and retention, technology development and towards re-payment or pre-payment of certain borrowings, and general corporate purposes. Convergence of SaaS and fintech Zaggle, which was incorporated in 2011, is a SaaS and fintech company that operates in the B2B2C segment. It interacts and interfaces with customers which are businesses and end users who are employees. It claims to be a leading player in spend management, with more than 50 million prepaid cards issued in partnership with banks and more than 2.27 million users served, as of March 31, 2023. It has diverse offerings like fintech products and services, and a portfolio of SaaS, including tax and payroll software, it said in its RHP. Its profits in FY23 fell by 45% in FY23, as compared to the year before. It also experienced negative operating cash flows of ₹15.6 crore in FY23 primarily due to an increase in trade receivables of ₹58 crore. Its revenues, however, have been steadily growing due to increases in user base, accompanied by an increase in spending by the users. An increase in program fees received due to an overall increase in business scale also aided the growth. “Several factors contribute to its appeal, including a diverse client base spanning various industries, consistent revenue growth over the years, the company's expansion strategies, a diversified revenue model, and the flourishing digital payments sector,” said a report by Geojit which gave a subscribe recommendation on a short- to medium-term basis.

Fintech Zaggle's debut fizzles out with flat listing gains

<ul><li>The market cap of the company is at ₹3,528 crore, as per BSE.</li><li>The ₹1,201 crore public issue was subscribed 4.4 times the shares on offer.</li><li>The net proceeds will be used for capex, working capital needs, debt payment and more. </li></ul><keyword id="5176486" type="General" weightage="20" keywordseo="sai-silks-kalamandir" source="Orion">Sai Silks Kalamandir</keyword>’s stock debuted on the bourses at a 3.5% premium, in line with grey market expectations. The stock listed at ₹230 as compared to its IPO price of ₹222 per equity share. In the trading session, the stock gains to end up with listing gains of 10%. The market cap of the company was at ₹3,528 crore, according to Bombay Stock Exchange on listing. The ₹1,201 crore public issue was subscribed 4.4 times the shares on offer. The issue received good interest from qualified institutional buyers (QIBs) even as its retail portion was not fully subscribed. The issue had fixed a price band of ₹210-222 per share for its initial share sale. Here are the listing gains of the last few market debuts <table style="border-width: initial; border-style: none;" class="redcator-table-advance"><colgroup></colgroup><col /><col /><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;">Company </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;">Listing gains </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;">Samhi Hotels </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;">15.8% </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;">EMS Ltd </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;">32.58% </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;">R R Kabel </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;">15.6% </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;">Jupiter Life Line Hospitals </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;">46% </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;">Rishabh Instruments </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;">0.18% </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;">Ratnaveer Precision Engineering </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;">37% </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;">Vishnu Prakash R Punglia </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;">47% </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;">Aeroflex </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;">83% </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;">Pyramid Technoplast </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;">12% </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;">TVS Supply Chain </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;">5% </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;">SBFC </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;">43% </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;">Concord Biotech </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;">21% </td></tr></tbody><tbody></tbody><tbody></tbody><tbody></tbody></table> The issue consists of a fresh issue of equity shares worth up to ₹600 crore and an Offer for Sale (OFS) component of up to 2.7 crore equity shares by promoters and promoter entities. It will use the net proceeds towards capital expenditure to establish 30 additional stores and two warehouses. It will also use funds for working capital needs, debt payment and other general corporate purposes. The company is promoted by Nagakanaka Durga Prasad Chalavadi and Jhansi Rani Chalavadi. They along with other promoter group entities sold shares as a part of the public issue. The company has a network of 54 stores in four major south Indian states -- Andhra Pradesh, Telangana, Karnataka and Tamil Nadu. It has four store formats -- <keyword id="49238" type="General" weightage="80" keywordseo="kalamandir" source="Orion">Kalamandir</keyword>, VaraMahalakshmi Silks, Mandir, and KLM Fashion Mall. Its listed peers include <keyword id="4509405" type="General" weightage="80" keywordseo="vedant-fashions" source="Orion">Vedant Fashions</keyword>, Go Fashion (India), Aditya Birla Fashion and Retail, Trent and Shoppers Stop. For the financial year ended March 2023, SSKL reported a total revenue of ₹1,351 crore with a net profit of ₹97.6 crore. “Sai Silk (Kalamandir) is a leading apparel retail brand in India with a scalable model, which is well positioned to leverage growth in the ethnic and value-fashion apparel industry in India with a track record of growth, profitability, and unit economics with an efficient operating model,” said a research report by Anand Rathi. At the upper price band, the company was valued at P/E of 33x and market cap of ₹3,404 crore post issue of equity shares and return on net worth of 24.56%, said the research firm, which gave it a subscribe for long-term rating to the IPO.

Sai Silks Kalamandir’s stock gains after debut, ends with 10% listing gains

The export of <keyword id="6367091" type="General" weightage="20" keywordseo="petrol" source="Orion">petrol</keyword> by Indian oil marketing companies (<keyword id="88586" type="General" weightage="20" keywordseo="OMCs" source="Orion">OMCs</keyword>) rose 142% in a year between 2020-21 and 2021-22, while there was a minuscule rise of less than 1% in the export of diesel during the same period. According to official figures, the OMCs exported 668 thousand metric tonnes (TMT) of petrol in 2021-22, which was 142% more than 276 TMT of petrol exported by the country in 2020-21. In 2020-21, the OMCs exported 1,985 TMT of diesel, while in 2021-22, it exported 1,994 TMT of diesel, a growth of less than 1% over the previous year. The three OMCs, namely the <keyword id="6356834" type="General" weightage="50" keywordseo="indian-oil-corporation" source="Orion">Indian Oil Corporation</keyword>, <keyword id="6374014" type="General" weightage="80" keywordseo="hindustan-petroleum" source="Orion">Hindustan Petroleum</keyword>, and <keyword id="156368" type="General" weightage="50" keywordseo="bharat-petroleum-corporation" source="Orion">Bharat Petroleum Corporation</keyword>, export petrol and diesel to several nations across the world. OMCs export surplus petrol and diesel to other countries only after meeting domestic demand in the country. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/verdict-on-demonetisation-cannot-be-interpreted-as-upholding-the-move-cpim/articleshow/96682871.cms">Verdict on demonetisation cannot be interpreted as upholding the move: CPI(M)</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/rishabh-instruments-files-draft-papers-with-sebi-to-mobilise-funds-via-ipo/articleshow/96683706.cms">Rishabh Instruments files draft papers with SEBI to mobilise funds via IPO</a>

Petrol export by OMCs rose 142% between 2020-21 and 2021-22

Saturday night will see a clash between the master and the apprentice. MS Dhoni, who is on the last bend of his career and has been turning up only for <keyword id="13886" type="COMPANY" weightage="20" keywordseo="Chennai-Super-Kings">Chennai Super Kings</keyword> (CSK) since his retirement from international cricket last year, will lead the three-time champions against Delhi Capitals (DC), who will be captained by Rishabh Pant, his long-term successor as India's first choice wicketkeeper. Pant has said in the past that he wants to emulate Dhoni but seems to be carving his own niche. While his power-hitting has already been well-known, his batting went a notch higher since the last Indian Premier League (IPL) as he helped India win the Test series in Australia and against England at home. His wicketkeeping skills came as a pleasant surprise during both series and now it will be his captaincy skills that will be put to test. Pant replaced the injured Shreyas Iyer, who is nursing a shoulder injury. The last year's runners-up have also added Steve Smith to their squad. Their pace bowling attack, comprising Kagiso Rabada, Anrich Nortje, <keyword id="149050" type="COMPANY" weightage="20" keywordseo="Umesh-Yadav">Umesh Yadav</keyword> and Ishant Sharma along with all-rounders Chris Woakes, Tom Curran and Marcus Stoinis, is among the best in the league. Experienced and acclaimed spinners like off-spinner R Ashwin and leg-spinner Amit Mishra make up a very strong bowling line-up that will test the CSK batting line-up that performed very poorly in the last edition. The CSK batting will rely a lot on Faf du Plessis but the return of Suresh Raina, who missed the last season, will be a boost for the three-time champions as they look to do better this time than the seventh place finish they got last season. India's Test batting stalwart Cheteshwar Pujara too has been included in the CSK line-up for his first IPL in seven years. The India No. 3 batsman was seen using a higher back-lift and hitting sixes in one of the net sessions. CSK blundered last year by not reading the pitches well and not playing their spinners early enough. They realised their mistake and started to give Mitchell Santner and Imran Tahir matches. But it was too late by then. One man who could make a difference is Shardul Thakur, who has done exceedingly well for India since the last IPL. He would be leading their pace bowling along with Deepak Chahar or Aussie Jason Behrendorff, who has come in for Josh Hazlewood. But essentially, CSK's fate on Saturday will depend on how their batting stands up to DC's bowling. DC squad: Rishabh Pant (captain/wicketkeeper), Shikhar Dhawan, Prithvi Shaw, Ajinkya Rahane, Steve Smith, Sam Billings, Shimron Hetmyer, Ishant Sharma, Kagiso Rabada, Anrich Nortje, Umesh Yadav, Tom Curran, Avesh Khan, Lalit Yadav, Pravin Dubey, Ripal Patel, Lukman Hussain Meriwala, M Siddharth, Marcus Stoinis, Axar Patel, Ravichandran Ashwin, Chris Woakes, <keyword id="3788898" type="COMPANY" weightage="20" keywordseo="Vishnu-Vinod">Vishnu Vinod</keyword> (wicketkeeper), <keyword id="128070" type="COMPANY" weightage="20" keywordseo="Aditya-Tare">Aditya Tare</keyword> (wicketkeeper) CSK squad: MS Dhoni (captain/wicketkeeper), Suresh Raina, Narayan Jagadeesan, Ruturaj Gaikwad, KM Asif, Karn Sharma, Ambati Rayudu, Deepak Chahar, Faf du Plessis, Shardul Thakur, Mitchell Santner, Dwayne Bravo, Lungi Ngidi, Sam Curran, Ravindra Jadeja, Imran Tahir, Robin Uthappa, Moeen Ali, <keyword id="2102949" type="COMPANY" weightage="20" keywordseo="K-Gowtham">K Gowtham</keyword>, Cheteshwar Pujara, M.Harisankar Reddy, K.Bhagath Varma, C Hari Nishaanth, R Sai Kishore <h4 style="color: rgb(44, 44, 45);">SEE ALSO:<a href="https://www.businessinsider.in/tech/mobile/news/nokia-x20-specifications-nokia-new-phones-price-in-india/articleshow/81981039.cms">Six new Nokia smartphones announced – price, specifications and availability details you should know</a> <a href="https://www.businessinsider.in/business/startups/news/founders-take-note-heres-why-most-startups-fail/articleshow/81981138.cms">Founders, take note: here’s why most startups fail</a> <a href="https://www.businessinsider.in/tech/apps/news/google-phone-app-now-lets-you-record-calls-automatically-from-unknown-numbers/articleshow/81982791.cms">Google Phone app now lets you record calls automatically from unknown numbers</a> <a href="https://www.businessinsider.in/business/startups/news/adar-poonawalla-serum-institute-of-india-has-bought-stake-policybazaar/articleshow/81985425.cms">Serum Institute of India buys into IPO-bound insurance unicorn PolicyBazaar, as True North sells part stake in secondary sale</a> </h4><h4 style="color: rgb(44, 44, 45);"></h4>

You Searched For "rishabh ipo" and got 15 results

Rishabh Pant, Root nominated for ICC Player of the Month for January

IANS

Rishabh Pant to donate match fee towards rescue operations in Uttarakhand

PTI

Virat Kohli moves back into top-five of International Cricket Council T20I rankings for batsmen

IANS

Rishabh Pant, the star of Gabba test, signs multi-year contract with JSW Sports

IANS

Ishant Sharma selected in 18-member squad for first two Tests vs England

IANS

Fortress Gabba breached, India becomes first team to win in 32 years

IANS

Yashasvi Jaiswal hammers Bangladesh attack after Mominul's ton; India 138/2 at tea

PTI

Ricky Ponting feels Virat Kohli will serve India best as opener during T20 WC

ANI

Yatra Online stock slips below its issue price on listing

Katya Naidu

Updater Services’ stock slips 5.3% on listing day

Katya Naidu

Fintech Zaggle's debut fizzles out with flat listing gains

BI India Bureau

Sai Silks Kalamandir’s stock gains after debut, ends with 10% listing gains

BI India Bureau

Petrol export by OMCs rose 142% between 2020-21 and 2021-22

IANS

It's master vs disciple: Dhoni takes on Pant in today's second IPL match as CSK clashes with DC

IANS

India tops World Test Championship Rankings after Gabba win— BCCI announces a ₹5 crore team bonus

Vaamanaa Sethi