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New Delhi, Ahmedabad-headquartered technical textile manufacturer Shri Techtex on Monday said it has set a price band of Rs 54-61 per share for its initial share sale, which will hit the capital market on July 26. The public issue will conclude on July 28 and the bidding for anchor investors will open on July 25, the company said in a statement. The company's shares will be listed on SME Emerge platform of the National Stock Exchange after the initial public offer. At the upper end of the price band, the issue plans to raise Rs 45.14 crore. The issue comprises a fresh issue of 74 lakh equity shares. Of the total issue size, the company has allocated 35.10 lakh shares for qualified institutional buyers, 10.56 lakh shares for non-institutional investors and for retail investors it has set aside 24.62 lakh shares for allocation. The firm plans to use the proceeds of the public issue towards the construction of the factory shed, commissioning of a solar plant, meeting working capital requirement and general corporate purpose. Hanskumar Agarwal, Executive Director, Shri Techtex Ltd said, "We have been on an excellent growth path and have built a robust foundation in terms of products, capacities, clientele and geographical reach in the first decade of our operations. We have invested in the growth assets and transiting to a public company - which will open a new world of ambitions for the company." The company manufactures PP non-woven fabric in various sizes and densities up to 4.5 metres in size and of 15 GSM to 800 GSM grade. Its manufacturing facility is located at Simaj of Dholka Taluka in the Ahmedabad district of Gujarat. The manufacturing facility is spread across 41,548 square metres and installed with a 3,600 tonnes PP non-woven fabric capacity per annum. Beeline Capital Advisors is the book running lead manager and Link Intime India is the registrar of the issue.

Textile company Shri Techtex IPO to open on July 26; price band fixed at ₹54-61/share

<ul class="summary-list"><li>Rep. Shri Thanedar's face is splashed across several billboards in the Detroit area.</li><li>They're funded with at least $45,460 in taxpayer dollars via a practice known as "franking."</li></ul>If you're driving down a highway in the Detroit metro area, you're likely to come across at least one of them: a shiny billboard featuring Democratic Rep. Shri Thanedar's smiling face."REACH CONGRESSMAN SHRI 24/7," the tower advertisement typically blares alongside a link to Thanedar's official House website.But while the billboards are likely to boost Thanedar's profile and name recognition as he faces a competitive primary in Michigan's 13th congressional district, they're not paid for by his campaign.They're paid for by Thanedar's congressional office — which is funded via <a target="_blank" rel="noopener noreferrer" class="c-link" href="https://www.businessinsider.com/which-lawmakers-spend-taxpayer-dollars-twitter-2023-9">taxpayer dollars</a>.It's unclear exactly how much of his office budget is going toward billboards. The congressman did not provide an exact figure to Business Insider, and records filed with the House of Representatives covering 2023 aren't entirely clear.But those records show that Thanedar's office spent nearly $327,000 on advertising in 2023, $45,460 of which went directly to two billboard companies: Lamar and Outfront Media.<div type="image" title="One of Thanedar's billboards in the Chadsey Condon neighborhood of Detroit." height="1500" width="2000" msid="108687667" hostid="261" sizebytes="728556"></div>Lawmakers have to communicate with their constituents, and that does cost money. But Thanedar's spending habits highlight the gray area that's long existed when it comes to so-called "franking" — an antiquated term that once referred to a lawmaker's signature on a piece of mail but now refers to all forms of taxpayer-funded mass communication by congressional offices.In a statement to Business Insider, Thanedar attributed the billboards and other mass communications to the state's 2022 redistricting, noting that his current district includes portions of previous districts represented by Democratic Reps. Rashida Tlaib and Debbie Dingell, as well as former Democratic Rep. Brenda Lawrence."My office received calls from constituents of neighboring congresswomen and vice versa," said Thanedar. "To address this, we significantly ramped up our outreach efforts through various media."Daniel Schuman, the director of governance at the POPVOX Foundation, said that the appropriateness of such spending comes down to factors like timing and the particular circumstances of the district's geography."Is it appropriate for a member to buy a billboard?" said Schuman. "The answer, I think, is that it depends."House records show that Thanedar's taxpayer-funded payments to billboard companies began in October, after it had <a target="_blank" href="https://www.politico.com/live-updates/2023/09/14/congress/house-dems-michigan-primary-challenge-thanedar-00115738">become clear</a> that he would face a challenge from State Sen. Adam Hollier, who Thanedar defeated in the crowded 2022 Democratic primary.<h2>The rules around 'franking'</h2>"Franking" has long been a gray area within American politics. The practice dates back to the country's founding, when government officials could use their signatures to disseminate information via the postal system without having to pay for stamps.Lawmakers still <a target="_blank" href="https://www.businessinsider.com/mike-garcia-earmarks-omnibus-government-spending-2024-1">send mail to their constituents</a>, but that's not all they can do with taxpayer money. They can also send texts and emails, cut radio ads, and even create billboards and TV ads.There are <a target="_blank" href="https://cha.house.gov/_cache/files/0/0/007fab34-97cc-419b-b063-70b9299445e7/0F8965C39CA29112125299E43FDF595C.communications-standards-manual---updated-9.21.23-34-.pdf">clear rules</a> barring members of Congress from using franking for overt political or campaign purposes, which are enforced by the House Communications Standards Commission and the Senate Ethics Committee.In other words, lawmakers can't use taxpayer money to create materials asking voters to support them in an upcoming election.Furthermore, lawmakers are prohibited from sending unsolicited mass communications for 60 days before any primary or general election — meaning Thanedar's billboards will have to come down by June 7, which is 60 days before Michigan's August 6 primary elections.<div type="image" title="Thanedar's billboard in Lincoln Park, Michigan." height="1500" width="2000" msid="108687668" hostid="261" sizebytes="252968"></div>There are currently no strict guidelines around the amount of money that members of Congress can spend on advertising — they just have to balance it against other expenses, including staff compensation, in their office budgets, which average roughly $1.9 million in the House and $4.1 million in the Senate.The Michigan congressman is by no means the only member of Congress to blur the lines when it comes to franking.Republican Rep. Bill Timmons of South Carolina has <a target="_blank" href="https://www.postandcourier.com/greenville/politics/william-timmons-adam-morgan-congress-sc-billboard-ads-mailers-franking/article_843e6928-db17-11ee-8faf-e7cfdff45251.html">reportedly increased</a> his own congressional office spending as he's faced a primary challenge from the right, and Democratic Rep. Sheila Cherfilus-McCormick is facing a House Ethics Committee probe that may relate to <a target="_blank" href="https://www.insideelections.com/news/article/the-congresswoman-cherfilus-mccormick-the-taxpayer-funded-tv-ads">taxpayer-funded TV ads</a> that closely resemble her campaign ads.But Thanedar's office appears to spend way more than the average House office on "franking." And there's little doubt the billboards help boost his profile."If it's just a billboard with your name and the URL… maybe that's a way of encouraging people to contact the office," said Schuman. "Does that work? I don't know. It could be just about name recognition."<h2>'Money spent on this takes away from other things'</h2>According to data from Legistorm, the average House office spent almost 78% of its budget on staffer compensation in 2023 — which accounted for just 38% of Thanedar's budget. On the other hand, the Michigan congressman spent 31.4% of his budget on printing and reproduction, nearly 10 times more than the average of 3.4%."My perspective is that there should be limits for the amount of money that you can spend on [franking]," said Schuman. "Money spent on this takes away from other things, like staff salaries."<div type="image" title="A chart comparing Rep. Shri Thanedar's office expenses to the average House member in 2023." height="810" width="1906" msid="108687669" hostid="261" sizebytes="44956"></div>HuffPost previously reported that Thanedar has <a target="_blank" href="https://www.huffpost.com/entry/shri-thanedar-detroit-congress-controversy_n_6580a94fe4b08e9b410b881d">faced scrutiny</a> over the large amounts of money he puts towards advertising, with sources telling the outlet that the billboards felt "more like campaign self-promotion than official communication."Thanedar now faces a primary challenge from Hollier, who's been endorsed by Michigan Secretary of State Jocelyn Benson, former Rep. Brenda Lawrence, and a bevy of state lawmakers and local officials.The congressman has faced allegations from neighboring Rep. Rashida Tlaib of providing <a target="_blank" href="https://www.businessinsider.com/rashida-tlaib-shri-thanedar-busy-posting-memes-israel-hamas-2023-10">poor constituent services</a>, and detractors of the congressman argue that the majority-Black district Detroit district should be represented by a member of that community."While he is busy posting memes, his residents are calling my office asking for my assistance because he is absent from doing his job," Tlaib told the Detroit News in October.Thanedar countered that in a statement to Business Insider on Thursday, saying his office has "quadrupled constituent calls" in the last year and resolved 84% of the more than 1,400 constituent cases his office has received."We are proud of our communications to our constituents, and in recent surveys, over 70% of our constituents rated our service fair to excellent," said Thanedar.

The questionable way lawmakers get taxpayers to fund borderline-political ads 

<ul><li>Polymer manufacturer and packaging solutions provider Sah Polymers will open its initial public offering (IPO) on December 30 and close on January 4, 2023.</li><li>The Udaipur-based company plans to raise ₹66.3 crore through a fresh issue of 10.2 million shares, with no offer for sale (OFS) component.</li><li>Sah Polymers’s net profit has grown over three times over the last financial year to ₹4.37 crore in FY22. </li></ul>Sah Polymers, a polymer manufacturer and packaging solutions provider based in Udaipur, will open its initial public offering (IPO) this week on December 30 and close on January 4, 2023. The price band of the IPO is set at ₹61-65 per share. The company’s ₹66.3-crore IPO is a complete fresh issue of 10.2 million shares, with no offer for sale (OFS) component. The shares of the company are currently commanding a grey market premium (GMP) of ₹5 per share. <a href="https://www.businessinsider.in/stock-market/news/grey-market-premium-what-is-it-and-where-is-it-coming-from/articleshow/95454371.cms">GMP is the premium at which IPO shares are traded </a>in an unofficial market before they are listed on the stock exchanges. The company is primarily engaged in manufacturing and selling of polypropylene (PP) and high density polyethylene (HDPE) bulk bags (or FIBC bags), woven sacks, and HDPE/PP woven fabrics. Sah Polymers offers customised bulk packaging solutions to business-to-business manufacturers catering to different industries such as agro pesticides, basic drugs, cement, chemicals, fertilisers, food products, textiles, ceramics and steel. It exports products to 14 countries such as Algeria, Togo, Ghana, Poland, Portugal, France, Italy, Dominican Republic, USA, Australia, UAE, Palestine, the UK and Ireland. Here’s what Sah Polymers intends to do with proceeds of the IPO Sah Polymers intends to use part of its net proceeds from the IPO to establish a new facility with an additional installed capacity of 3.96 billion tonnes per annum to manufacture different variants of FIBC products. Once set up, it will double the company’s total production capacity to 7.92 billion tonnes per annum. Sah Polymers currently has one manufacturing facility located at Udaipur, Rajasthan, with an installed production capacity of 3.96 million tonnes per annum. The company also intends to use a part of the proceeds to repay debt, fund working capital requirements and for other general corporate purposes. In terms of risks, one of the promoters of the company, Aeroflex Industries, is in the list of wilful defaulters, according to credit bureau CIBIL. Sah Polymers’ key financial metrics Sah Polymers’ net profit has more than tripled to ₹4.37 crore in FY22, compared to the previous financial year. <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;">Particulars </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;">Revenue from operations </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;">Net profit </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;">EBITDA margin </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;">FY22 </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;">₹80.51 crore </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;">₹4.37 crore </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;">9.61% </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;">FY21 </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;">₹55.06 crore </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;">₹1.27 crore </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;">5.99% </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;">FY20 </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;">₹49.10 crore </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;">₹0.29 crore </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;">5.32% </td></tr></tbody></table>Source: Red herring prospectus Here’s how the listed peers of Sah Polymers have performed in FY22: <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;">Peer companies </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;">Revenue from operations </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;">Net profit </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;">% change in stock price in 2022 </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;">Rishi Techtex </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;">₹101 crore </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;">₹1.31 crore </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;">-3.44% </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;">Jumbo Bag </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;">₹131 crore </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;">₹1.06 crore </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;">45.48% </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;">SMVD Poly Pack </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;">₹86 crore </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;">₹1.04 crore </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;">41% </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;">EMMBI Industries </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;">₹436 crore </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;">₹19.03 crore </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% </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;">Commercial Syn Bags </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;">₹322 crore </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;">₹18.18 crore </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;">-5.49% </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;">Sah Polymers </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;">₹81 crore </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;">₹4.37 crore </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;">NA </td></tr></tbody></table>Source: Red herring prospectus / Change in stock price year-to-date as on 1:00 P.M, December 26, 2022 SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/thelife/personalities/news/top-five-billionaires-in-2022-elon-musk-gautam-adani-and-bill-gates/articleshow/96509847.cms">After a round of musical chairs, Musk, Gates and Adani are among 2022’s top 5 billionaires</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/housing-demand-outlook-2023-interest-rates-global-spillovers-to-play-a-key-role/articleshow/96506159.cms">Housing demand outlook 2023: Interest rates, global spillovers to play a key role</a>

Sah Polymers IPO to open on Dec 30, price band set at ₹61-65 a share

<ul> <li>Jammu &amp; Kashmir has reported 407 Coronavirus cases so far, out of which 92 patients have recovered and 5 patients have died.</li> <li>Ladakh has reported 18 Coronavirus cases so far, out of which 16 have recovered.</li> <li><a href="https://www.businessinsider.in/searchresult.cms?query=coronavirus&amp;sortorder=effectivedate">Follow the comprehensive coverage of the Coronavirus pandemic and its impact, and other useful resources that can help you in the fight on Business Insider India</a>.</li></ul>The UT of Jammu and Kashmir has reported 27 new cases of Coronavirus on April 22, taking the total number of cases to 407. So far, 92 patients have recovered and 5 patients have succumbed to the deadly disease. Ladakh has reported that 16 patients have been cured so far. The doctors hinted that some of the cases in the UT were due to community transmission as some patients had no international travel history and no contact with any Coronavirus patient. As per officials, over 5,000 people are under observation in Jammu and Kashmir due to their travel history or because they came in contact with a patient. At present, Jammu and Kashmir has 310 active Coronavirus cases and Ladakh has 2 active cases. Jammu and Kashmir Coronavirus cases <table style="width: 560pt;"> </colgroup></colgroup></colgroup> <tbody><tr> <td class="xl63" style="height: 14.4pt; width: 94pt; font-size: 11pt; color: white; font-weight: 700; font-family: Calibri, sans-serif; border-top: 0.5pt solid black; border-right-width: initial; border-right-style: none; border-bottom: 0.5pt solid black; border-left: 0.5pt solid black; background: black;">State</td> <td class="xl63" style="width: 175pt; font-size: 11pt; color: white; font-weight: 700; font-family: Calibri, sans-serif; border-top: 0.5pt solid black; border-right-width: initial; border-right-style: none; border-bottom: 0.5pt solid black; border-left-width: initial; border-left-style: none; background: black;">Total Cases</td> <td class="xl63" style="width: 179pt; font-size: 11pt; color: white; font-weight: 700; font-family: Calibri, sans-serif; border-top: 0.5pt solid black; border-right-width: initial; border-right-style: none; border-bottom: 0.5pt solid black; border-left-width: initial; border-left-style: none; background: black;">Active Cases</td> <td class="xl63" style="width: 56pt; font-size: 11pt; color: white; font-weight: 700; font-family: Calibri, sans-serif; border-top: 0.5pt solid black; border-right-width: initial; border-right-style: none; border-bottom: 0.5pt solid black; border-left-width: initial; border-left-style: none; background: black;">Cured</td> <td class="xl63" style="width: 56pt; font-size: 11pt; color: white; font-weight: 700; font-family: Calibri, sans-serif; border-top: 0.5pt solid black; border-right: 0.5pt solid black; border-bottom: 0.5pt solid black; border-left-width: initial; border-left-style: none; background: black;">Death</td> </tr> <tr> <td class="xl63" style="height: 14.4pt; font-size: 11pt; color: black; font-family: Calibri, sans-serif; border-top: 0.5pt solid black; border-right-width: initial; border-right-style: none; border-bottom: 0.5pt solid black; border-left: 0.5pt solid black; background: rgb(217, 217, 217);">Jammu and Kashmir</td> <td class="xl63" style="font-size: 11pt; color: black; font-family: Calibri, sans-serif; border-top: 0.5pt solid black; border-right-width: initial; border-right-style: none; border-bottom: 0.5pt solid black; border-left-width: initial; border-left-style: none; background: rgb(217, 217, 217);">407</td> <td class="xl63" style="font-size: 11pt; color: black; font-family: Calibri, sans-serif; border-top: 0.5pt solid black; border-right-width: initial; border-right-style: none; border-bottom: 0.5pt solid black; border-left-width: initial; border-left-style: none; background: rgb(217, 217, 217);">310</td> <td class="xl63" style="font-size: 11pt; color: black; font-family: Calibri, sans-serif; border-top: 0.5pt solid black; border-right-width: initial; border-right-style: none; border-bottom: 0.5pt solid black; border-left-width: initial; border-left-style: none; background: rgb(217, 217, 217);">92</td> <td class="xl63" style="font-size: 11pt; color: black; font-family: Calibri, sans-serif; border-top: 0.5pt solid black; border-right: 0.5pt solid black; border-bottom: 0.5pt solid black; border-left-width: initial; border-left-style: none; background: rgb(217, 217, 217);">5</td> </tr></tbody></table> Jammu and Kashmir has reported a total of 380 cases and out of this, Kashmir has reported 351 cases and Jammu has reported 56 cases. Decision on Amarnath Yatra to be made after reviewing situation J&amp;K Lieutenant Governor, Girish Chandra Murmu, who is also the Chairman of the Shri Amarnathji Shrine Board (SASB), presided over its 38th board meeting held here on Wednesday. The board expressed its apprehension and held that as on date, it may not be possible to organise the annual Amarnath Yatra this year. Given the severeness of the Covid-2019 pandemic, an appropriate decision on the matter can be taken only after reviewing of the situation in the coming future, an official statement said. Woman tests coronavirus positive after giving birth to baby A woman from Akhnoor, 100 km from Jammu, has tested positive for COVID-19 a day after she gave birth to a baby in a Jammu hospital, officials said. Eidgah declared as 'Red zone' Authorities on April 7 declared the densely populated Eidgah locality of Srinagar city as a red zone to check the spread of coronavirus infection after three persons tested positive from the locality. Security forces have placed coils of razor fitted concertina wire to block entry and exit points to prevent free passage of people into and outside the area. Two other densely populated areas in Srinagar city, Chattabal and Jawahar Nagar have already been categorised as the red zones following the discovery of Coronavirus patients in these areas. 366 go home after quarantine in Kashmir A batch of 230 persons who were under quarantine in Srinagar were allowed to go home on April 1 after they successfully completed the quarantine period and were declared free of any Coronavirus symptoms. Out of these 336 people, 130 are MBBS students who returned from Bangladesh recently. Vaishno Devi pilgrims stranded In Jammu Hundreds of Vaishno Devi pilgrims from various parts of the country are stranded in Jammu due to the ongoing countrywide <keyword id="91743" type="PERSON" weightage="20" keywordseo="lockdown">lockdown</keyword>. They have assembled in a temple complex in Jammu as they have nowhere to go and are short on money. "The administration is taking care of them and ensuring that they don't face any problems." said Sanjeev Verma, Divisional Commissioner, Jammu. Jammu &amp; Kashmir High Court issues guidelines to government The J&amp;K High Court on Monday issued a series of directions to the government and its departments, while hearing public interest litigation pertaining to spread of coronavirus in the Union Territory. The division bench of Chief Justice Gita Mittal and Justice Sindhu Sharma, on being apprised by amicus curiae that about 400 pilgrims from Bihar stranded at Shri Mata Vaishno Devi Shrine, are being asked to vacate their current lodgings, directed the Chief Executive Officer, Shri Mata Vaishno Devi Shrine Board and the Deputy Commissioner, Reasi to ensure that these pilgrims are not asked to vacate their current lodgings and their needs are fully provided till such time as the lockdown persists. J&amp;K sanctions ₹17.65 cr for regd construction workers The Jammu and Kashmir government on Monday sanctioned₹17.65 crore for construction workers registered with the Building and Other Construction Workers Welfare Board who were left without work due to 21-day nationwide lockdown in view of coronavirus pandemic. 50 contacts of first victim quarantined Authorities in Jammu and Kashmir have quarantine 50 people who had come in contact with the 64-year-old man from Srinagar who succumbed to Coronavirus. The Health officials in the UT said that the deceased patient had a travelled a lot recently and it was logical to assume that he had come into contact with a much higher number of persons than have been traced so far. Rohit Kansal, principal secretary of planning, Jammu and Kashmir said, "Employers shall not terminate their employees, particularly casual or contractual workers from the jobs or reduce their wages. If any worker takes leave, they shall be deemed to be on duty without any consequential reduction in their wages." Ladakh Coronavirus cases <table style="width: 560pt;"> </colgroup></colgroup></colgroup> <tbody><tr> <td class="xl63" style="height: 14.4pt; width: 94pt; font-size: 11pt; color: white; font-weight: 700; font-family: Calibri, sans-serif; border-top: 0.5pt solid black; border-right-width: initial; border-right-style: none; border-bottom: 0.5pt solid black; border-left: 0.5pt solid black; background: black;">State</td> <td class="xl63" style="width: 175pt; font-size: 11pt; color: white; font-weight: 700; font-family: Calibri, sans-serif; border-top: 0.5pt solid black; border-right-width: initial; border-right-style: none; border-bottom: 0.5pt solid black; border-left-width: initial; border-left-style: none; background: black;">Total Cases</td> <td class="xl63" style="width: 179pt; font-size: 11pt; color: white; font-weight: 700; font-family: Calibri, sans-serif; border-top: 0.5pt solid black; border-right-width: initial; border-right-style: none; border-bottom: 0.5pt solid black; border-left-width: initial; border-left-style: none; background: black;">Active Cases</td> <td class="xl63" style="width: 56pt; font-size: 11pt; color: white; font-weight: 700; font-family: Calibri, sans-serif; border-top: 0.5pt solid black; border-right-width: initial; border-right-style: none; border-bottom: 0.5pt solid black; border-left-width: initial; border-left-style: none; background: black;">Cured</td> <td class="xl63" style="width: 56pt; font-size: 11pt; color: white; font-weight: 700; font-family: Calibri, sans-serif; border-top: 0.5pt solid black; border-right: 0.5pt solid black; border-bottom: 0.5pt solid black; border-left-width: initial; border-left-style: none; background: black;">Death</td> </tr> <tr> <td class="xl63" style="height: 14.4pt; font-size: 11pt; color: black; font-family: Calibri, sans-serif; border-top: 0.5pt solid black; border-right-width: initial; border-right-style: none; border-bottom: 0.5pt solid black; border-left: 0.5pt solid black; background: rgb(217, 217, 217);">Ladakh</td> <td class="xl63" style="font-size: 11pt; color: black; font-family: Calibri, sans-serif; border-top: 0.5pt solid black; border-right-width: initial; border-right-style: none; border-bottom: 0.5pt solid black; border-left-width: initial; border-left-style: none; background: rgb(217, 217, 217);">18</td><td class="xl63" style="font-size: 11pt; color: black; font-family: Calibri, sans-serif; border-top: 0.5pt solid black; border-right-width: initial; border-right-style: none; border-bottom: 0.5pt solid black; border-left-width: initial; border-left-style: none; background: rgb(217, 217, 217);">2</td><td class="xl63" style="font-size: 11pt; color: black; font-family: Calibri, sans-serif; border-top: 0.5pt solid black; border-right-width: initial; border-right-style: none; border-bottom: 0.5pt solid black; border-left-width: initial; border-left-style: none; background: rgb(217, 217, 217);">16</td> <td class="xl63" style="font-size: 11pt; color: black; font-family: Calibri, sans-serif; border-top: 0.5pt solid black; border-right: 0.5pt solid black; border-bottom: 0.5pt solid black; border-left-width: initial; border-left-style: none; background: rgb(217, 217, 217);">0</td> </tr></tbody></table> There have been 18 cases of Coronavirus in Ladakh so far. Out of these, 16 patients have recovered and have been discharged from the hospital. Chief Justice orders closure of courts in J&amp;k and Ladakh The Chief Justice of J&amp;K and Ladakh High Court on Thursday ordered closure of all courts in the two UTs during the national lockdown period. The Registrar General of the High Court has issued a circular ordering that the High Court and all subordinate courts in J&amp;K and Ladakh will remain closed during the period of lockdown till April 14. See also: <a href="https://www.businessinsider.in/coronavirus-cases-in-hyderabad-telangana-news-and-updates/articleshow/74823424.cms">Coronavirus cases in Telangana</a> <a href="https://www.businessinsider.in/india/news/coronavirus-cases-in-andhra-pradesh-news-and-updates/articleshow/74828808.cms">Coronavirus cases in Andhra Pradesh</a> <a href="https://www.businessinsider.in/india/news/coronavirus-cases-in-gujarat-news-and-updates/articleshow/74830845.cms">Coronavirus cases in Gujarat</a>

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