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Enviro Infra Engineers, which is involved in the development of turnkey projects of <keyword id="19979438" type="General" weightage="20" keywordseo="sewage-treatment-plants" source="keywords">sewage treatment plants</keyword> and sewerage systems, on Monday fixed a price band of ₹140-148 per share for its ₹650 crore <keyword id="19913114" type="General" weightage="20" keywordseo="Initial-Public-Offering" source="keywords">Initial Public Offering</keyword> (IPO). The initial share sale will open for public subscription on November 22 and conclude on November 26. The bidding for anchor investors will open for a day on November 21, the company announced. The city-based company's proposed IPO is a combination of a fresh issue of 3.87 crore equity shares and an Offer For Sale (OFS) component of 52.68 lakh shares by promoters. Currently, promoters hold over 93 per cent stake in Enviro Infra Engineers. At the higher end of the price band, the IPO is valued at ₹650 crore, placing the company's market capitalization at approximately ₹2,600 crore. Proceeds from the fresh issue to the tune of ₹181 crore will be used to meet the working capital requirements, ₹100 crore will be used for payment of debt, ₹30 crore will be infused into the company's subsidiary, EIEL Mathura Infra Engineers, to build 60 million litres per day Sewage Treatment Plant (STP) at Mathura in Uttar Pradesh. Besides, a portion will be used for general corporate purposes. Half of the issue size has been reserved for qualified institutional buyers, 35 per cent for retail investors and the remaining 15 per cent for non-institutional investors. Enviro Infra Engineers is engaged in designing, construction, operation and maintenance of water and wastewater treatment plants and water supply scheme projects for government authorities/bodies. The treatment process installed by the company at most of the STPs is zero liquid discharge-compliant and the treated water can be used for horticulture, washing, refrigeration, and other process industries. Hem Securities is the sole book-running lead manager of the public issue. The equity shares of the company are expected to be listed on the BSE and NSE on November 29. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/webstories/ntpc-green-energy-ipo-gmp-risk-factors-and-all-you-need-to-know/slidelist/115403791.cms">NTPC Green Energy IPO – GMP, risk factors and all you need to know</a><a href="https://www.businessinsider.in/business/auto/webstories/kawasaki-ninja-zx-4rr-launched-in-india-priced-at-9-42-lakh/slidelist/115332842.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/webstories/kawasaki-ninja-zx-4rr-launched-in-india-priced-at-9-42-lakh/slidelist/115332842.cms" target="_blank">Kawasaki Ninja ZX-4RR launched in India priced at ₹9.42 lakh</a><a href="https://www.businessinsider.in/tech/mobile/news/indian-smartphone-shipments-grow-5-6-in-q3-2024-vivo-leads-the-market/articleshow/115329847.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/indian-smartphone-shipments-grow-5-6-in-q3-2024-vivo-leads-the-market/articleshow/115329847.cms" target="_blank">Indian smartphone shipments grow 5.6% in Q3 2024, Vivo leads the market</a>

Enviro Infra Engineers IPO to open on Nov 22; eyes ₹650 crore

Auto components major <keyword id="21576080" type="General" weightage="20" keywordseo="Bharat-Forge-Ltd" source="keywords" meta.keywordsubtype="org" meta.entityname="Bharat Forge Ltd" meta.hostid="261" meta.entityid="Bharat Forge Ltd">Bharat Forge Ltd</keyword> on Wednesday reported a 77.8 per cent rise in <keyword id="20129249" type="General" weightage="20" keywordseo="consolidated-net-profit" source="keywords">consolidated net profit</keyword> at Rs 227.12 crore in the fourth quarter ended March 31, 2024, riding on higher sales. The company had posted a profit of Rs 127.74 crore in the corresponding period of the previous fiscal, <keyword id="19946643" type="General" weightage="20" keywordseo="Bharat-Forge" source="keywords">Bharat Forge</keyword> said in a regulatory filing. Consolidated revenue from operations during the quarter under review stood at Rs 4,164.21 crore as against Rs 3,629.05 crore in the year-ago period, it added. Total expenses in the fourth quarter were higher at Rs 3,843.55 crore as compared to Rs 3,469.05 crore in the same period a year ago. The Board of Directors at its meeting held on May 8, 2024, recommended a final dividend of Rs 6.50 per equity share of the face value of Rs 2 for the financial year ended March 31, 2024, subject to approval of shareholders at the ensuing annual general meeting, Bharat Forge said. For the fiscal ended March 31, net profit was at Rs 910.16 crore as compared to Rs 508.39 crore in the previous fiscal, it added. Consolidated revenue from operations in FY24 was at Rs 15,682.07 crore as against Rs 12,910.26 crore in FY23, the filing said. SEE ALSO:<a href="https://www.businessinsider.in/tech/mobile/news/google-has-silently-launched-the-pixel-8a-in-india-starting-at-52999/articleshow/109937286.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/google-has-silently-launched-the-pixel-8a-in-india-starting-at-52999/articleshow/109937286.cms" target="_blank">Google has quietly launched the Pixel 8a in India starting at ₹52,999</a><a href="https://www.businessinsider.in/tech/apps/news/google-wallet-launched-in-india-store-your-loyalty-cards-boarding-passes-and-more/articleshow/109941139.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/apps/news/google-wallet-launched-in-india-store-your-loyalty-cards-boarding-passes-and-more/articleshow/109941139.cms" target="_blank">Google Wallet launched in India – store your loyalty cards, boarding passes and more</a><a href="https://www.businessinsider.in/stock-market/webstories/aadhar-housing-finance-ipo-price-band-to-risk-factors-all-you-need-to-know/slidelist/109919298.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/webstories/aadhar-housing-finance-ipo-price-band-to-risk-factors-all-you-need-to-know/slidelist/109919298.cms" target="_blank">Aadhar Housing Finance IPO – Price band to risk factors, all you need to know</a>

Bharat Forge Q4 profit rises 77% at ₹227.12 crore

RateGain, Shriram, MapmyIndia and more — Check out the important dates of these upcoming IPOs and their grey market premiums

<ul><li>Payment solutions provider AGS Transact Technologies opened its IPO today and will close on January 19.</li><li>The IPO is entirely an offer for sale by existing promoters and shareholders of ₹680 crore through the public issue.</li><li>Out of the ₹677 crore IPO proceeds of Ravi B Goyal, chairman &amp; managing director, ₹650 crore will be used to pay half of the company’s debt.</li><li>Cash management being a core business of the company in the growing digital world, its financial performance has been on a declining trend in the last three years.</li></ul>Payment solutions provider AGS Transact Technologies that has opened its initial public offering (IPO) today is going through a rough phase because of COVID-19. Our business is largely linked to cash management and due to the pandemic some transactions were impacted, says Ravi B Goyal, chairman &amp; managing director at AGS Transact Technologies to Business Insider in an interview. The company reported a loss of ₹18 crore in the first five months of the financial year April to August, 2021. It raked in less profit in the last financial year than it did in the year before the pandemic. <div type="image" title="ags transact rev 2" height="900" width="1200" msid="88987001" hostid="261"></div>The company operates in three business segments: <table style="border-width: initial; border-style: none;"></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;">Payment solution </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;">Offers services such as ATM, cash management, digital payment solutions, POS machine service and so on </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;">Banking automation solutions </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;">Sale of ATM, cash recycler machine etc </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;">Other automation solutions </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;">System automation products for clients in petroleum, color segment </td></tr></tbody></table>“As a business we have gone through a lot of challenges, it all started with demonetisation, where we had no cash as 85% got wiped up and we had a new currency. And all these ATMs needed to be recaliberated so that was also a massive job. So first no cash then cash available but cannot be used. Then we have a first pandemic with massive lockdown but ATM being an essential service, our team in the field has done a remarkable job,” added Goyal. The company earns 75% of its revenue from the payment solutions segment and only 15% from digital initiatives. While the entire ₹680 IPO is an offer for sale by existing promoters and shareholders, the company’s chairman is selling shares worth ₹677 crore. Out of the ₹677 crore IPO proceeds of Goyal ₹650 crore will be used to pay half of the company’s debt. Currently, the company’s debt is at ₹1,100 crore debt after the 650 IPO proceeds, it will halved to ₹550 crore Goyal indirectly owns 97.61% of AGS Transact with 55% through direct equity ownership and 42% through Vineha Enterprises, which is also a firm held by him and his wife. While Goyal is selling shares worth ₹677 crore, among others VC Gupte, Shailesh Shetty, Rakesh Kumar, Nikhil Patiyat and Rajesh Harshedrai Shah will sell the remaining ₹2.42 crore worth of shares. Further, analysts recommend avoiding the IPO because of increasing digital payments in the country that could have an adverse effect on AGS Transact’s business. “The company is one of India's leading Omni-channel payment solution providers with a strong network. However, the government's focus on digital payments will further decrease the use and availability of cash can have an adverse effect on business activities,” said analysts at Swastika Invest while recommending a ‘avoid’ rating to the IPO. “AGS has high client concentration with top three customers accounting for 33.6% of revenues and has reported a loss for the first five months of FY22. Given premium valuations, high client concentration and losses in the first five months we have a neutral recommendation on the IPO,” said Jyoti Roy, DVP - equity strategist at Angel One. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/telecom/news/reliance-jio-prepays-30791-crore-spectrum-liabilities-a-month-after-airtel-prepaid-over-15000-crore/articleshow/88986783.cms">Reliance Jio prepays ₹30,791 crore spectrum liabilities, a month after Airtel prepaid over ₹15,000 crore</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/budget/news/even-after-the-lic-ipo-indian-government-may-be-well-short-of-its-divestment-target/articleshow/88938799.cms">Even after the LIC IPO, Indian government may be well short of its divestment target ⁠— for a third year in a row</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/budget/news/the-indian-government-has-spent-less-than-half-the-money-it-had-budgeted-for-capital-investments-so-far/articleshow/88852518.cms">The Indian government has spent less than half the money it had budgeted for capital investments, so far</a>

AGS Transact is a cash management firm looking to halve its debt with IPO money

<ul><li>The basis of allotment for the ₹600 crore IPO of MTAR Technologies will be announced today on March 10.</li><li>The company provides a wide range of complex product portfolios that meet the Indian nuclear, defence, and space sector's varied requirements.</li><li>Here is <keyword id="10900487" type="UNKNOWN" weightage="20" keywordseo="how-to-check-mtar-technologies-ipo-allotment">how to check MTAR Technologies IPO allotment</keyword> status on the registrar website and stock-exchanges.</li></ul>The basis of allotment for the ₹600 crore initial public offering (IPO) of defence components maker MTAR Technologies will be announced today, on March 10. The issue clocked a robust response from investors as it was subscribed 200.79 times the offer value. According to data from the stock-exchanges, the issue received bids for 1.46 billion equity shares against an offer size of 7.26 million shares. The company, incorporated in 1999, develops and manufactures components and equipment for the defence, aerospace and nuclear energy sectors. It provides a wide range of complex product portfolios that meet the Indian nuclear, defence, and space sector's varied requirements. Indian Space Research Organisation (ISRO), Nuclear Power Corporation of India (NPCIL), Defence Research and Development Organisation (DRDO), Bloom Energy, Rafael Advanced Defense Systems are some of the esteem clients. For the uninitiated, the company is also backed by former Blackstone India honcho Mathew Cyriac. Cyriac is the company's nominee director and has previously been a co-head of private equity firm Blackstone. He also serves as a director on the board of Florintree Advisors, a Mumbai-based alternative asset management firm. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">MTAR Technologies IPO </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Qualified Institutional Buyer </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Non-institutional Investor </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Retail Individual Investor </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Total </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">No. of times issue subscribed </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">164.99x </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">650.79x </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">28.40x </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">200.79x </td></tr></tbody></table> However, after this stellar response that <keyword id="10824299" type="UNKNOWN" weightage="20" keywordseo="MTAR-Technologies-ipo">MTAR Technologies IPO</keyword> has garnered, one thing is certain — not all investors will get the same amount of shares that they had subscribed for. Here is <keyword id="10900488" type="UNKNOWN" weightage="20" keywordseo="how-to-check-mtar-technologies-ipo">how to check MTAR Technologies IPO</keyword> allotment status: If you subscribed to the MTAR Technologies IPO, you could check your allotment status by following these simple steps: To check on the stock-exchange website: <ul><li>To check <keyword id="10888007" type="UNKNOWN" weightage="20" keywordseo="MTAR-Technologies-IPO-allotment-status">MTAR Technologies IPO allotment status</keyword>, go to the<a href="https://www.bseindia.com/investors/appli_check.aspx"> BSE website</a> or <a href="https://www1.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp">NSE website</a> here.</li><li>On BSE, Select 'Equity' and then from the dropdown, select 'MTAR Technologies'.</li><li>Now, enter your application number and PAN.</li><li>Click on 'Search'.</li></ul>Please note the details will only be available once the shares are allotted. You can also visit the registrar website (KFintech Private Limited) to check your application status. <ul><li>Visit the registrar's website <a href="https://kcas.kfintech.com/ipostatus/">here</a>.</li><li>Click on 'Select company' and click on 'MTAR Technologies'. It will only appear post allotment on March 10.</li><li>Once the company is selected, you will have to enter either your PAN detail, the application number, or the client ID.</li><li>Enter the captcha and click 'submit'.</li></ul>Once you hit 'submit', the status of your application will appear on the screen. Please ensure the details that you provide are correct. It will show the number of shares you subscribed to and the number of shares allotted to you. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/google-doodle-honours-udupi-ramachandra-rao-indias-satellite-man-and-padma-bhushan-winner/articleshow/81424050.cms">Google Doodle honours Udupi Ramachandra Rao — India's 'satellite man' and Padma Bhushan winner</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/entertainment/news/amitabh-bachchan-to-be-honoured-with-international-federation-of-film-archives-award/articleshow/81423955.cms">Amitabh Bachchan to be honoured with an award by International Federation of Film Archives</a>

MTAR Technologies IPO: Here is how to check share allotment status

Markets were on an uptrend last week and the long awaited and overdue lifetime high on BSESENSEX was finally achieved. BSESENSEX gained 374.71 points or 0.72 per cent to close at 52,474.76 points while NIFTY gained 129.10 points or 0.82 per cent to close at 15,799.35 points. The broader indices saw BSE100, BSE200 and BSE500 gain 0.93 per cent, 1.10 per cent and 1.30 per cent, respectively. BSEMIDCAP gained 1.85 per cent while BSESMALLCAP fared much better gaining 3.52 per cent. The action is certainly in the midcap and smallcap space and is borne out by the number of stocks hitting 52 weeks high on a daily basis. The India Rupee lost 7 paisa and was down 0.10 per cent to close at Rs 73.07 to the US Dollar. Dow Jones began the week with losses for the first three days and managed to recover partially, gaining on the remaining two days but closed with losses of 276.79 points or 0.80 per cent to close at 34,479.60 points. Dow Jones is looking tired after a spectacular rally and one should not get surprised if one sees the same correcting in the coming days ahead. BSESENSEX finally managed to hit a lifetime high and did so on Friday touching 52,641.53 points. This crossed the previous high made on February 16 of 52,516.76 points. Incidentally NIFTY had made a lifetime high on May 28 and it took a fortnight for the BSESENSEX to achieve the same, something which has not happened in a very long time. Trading in shares of DHFL has been suspended with effect from Monday June 14 on account of the resolution plan of the NCLT which has approved and ascribed no value to the shares of DHFL. While the step of suspension is appreciated, something of this nature should have been acted upon much earlier, as many proposals in NCLT have resolution plans where the listed shares have zero value. Once things become clear, such shares should be suspended from trading on the bourses and small investors hard earned money should be preserved. Monsoon has advanced into Mumbai and Maharashtra and the onset was led by a sharp downpour this time. Coinciding with the monsoon arrival, one is also seeing a deluge of primary market issues with four companies tapping the markets in the week beginning June 14. There would be two issues opening on Monday and closing on Wednesday the 16th of June while the remaining two would open on Wednesday the June 16 and close on June 18. Difficult to understand why such a bunching of issues has happened other than the fact that there was a hiatus in primary issuances for the last 10 weeks or so during April-May to mid June. Shyam Metalics and Energy Limited is tapping the capital markets with its primary issue and offer for sale. The issue consists of a fresh issue of Rs 657 crs and an offer for sale of Rs 252 crs in a price band of Rs 303-306. The issue opens on Monday the 14th of June and closes on Wednesday the 16th of June. The company is a steel producer and has capacities to make pellets, sponge iron, billets, TMT Bars and ferro alloys. The total capacity is 5.71 million tons per annum with a saleable steel capacity of 3 mtpa. The same is being expanded over the next three to three and a half years to double at 11.6 mtpa and a saleable steel capacity of 6 mtpa. In this capacity the company would be adding ductile pipes and aluminium foil as well. The company enjoys healthy margins at the EBITDA and PAT levels as compared to its peers. The EBITDA margins for the year ended March 2020 were at 14.5 per cent while they were at 6.5 per cent at the PAT level. In the first nine months ended December 2020, the same EBITDA has improved to 18.2 per cent and PAT to 11.5 per cent. The total income of the company which was at Rs 4,400 crs for the year ended March 2020 have improved to Rs 4,000 crs in the nine months ended December 2020. The EPS for the year ended March 2020 is Rs 14.57. The same has increased significantly to Rs 19.53 for the nine months ended December 20. The price earnings multiple based on March 20 numbers is at Rs 20.80-21 times. The same PE multiple, based on nine months annualised numbers for the year ended March 2021 would be 11.63-11.75. The share is attractively priced and offers appreciation for flippers-, medium- and long-term players as well. The remaining three issues which would be covered during the course of the week are from Sona BLW Precision Forgings Limited which has an issue size of Rs 5,550 crs. The next issue is from Dodla Dairy Limited which has an issue size of Rs 520 crs. The fourth and final issue is from Krishna Institute of Medical Sciences Limited of Rs 2,144 crs. On the Covid-19 front the world saw 17,64,22,387 patients, 38,10,952 deaths and 16,03,96,300 patients recovering. In India we saw 2,94,39,989 patients, 3,70,407 deaths and 2,80,43,446 patients recovering. Compared to the previous week, the world saw 26,95,291 new patients, 74,543 deaths and 37,90,303 patients recovering. In India we saw 6,30,650 new patients, 23,623 deaths and 10,58,665 patients recovering. The number of deaths in India seems much higher than normal because many of the states have corrected their number of deaths for earlier periods. About 25 cr vaccinations have been done in the country so far and hopefully the pace of vaccination would continue to pick up going forward. Coming to the markets in the week ahead, the immediate objective of a lifetime high on the BSESENSEX has been achieved. In the past, one has experienced euphoria once such a feat is achieved. The same is missing this time around. Whether it will happen in the week ahead or will give a miss this time around is unclear. The strategy for investors would be to continue to buy on sharp dips and sell on rallies. Secondly ensure that the quality of stocks one invests in has fundamentals and are not those which consist of just momentum. Markets have not had a correction for a long time and whenever they begin could be long and deep in terms of time and value. Prepare for the same and be nimble footed in the marketplace. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/delhi-unlock-restaurants-to-reopen-with-50-capacity-malls-markets-to-open-daily-says-arvind-kejriwal/articleshow/83479496.cms">Delhi unlock: Restaurants to reopen with 50% capacity; malls, markets to open daily, says Arvind Kejriwal</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/cryptocurrency/news/weekly-crypto-roundup-wazirx-under-scrutiny-el-salvador-makes-bitcoin-legal-tender-and-more/slidelist/83478577.cms">Weekly crypto roundup: WazirX under scrutiny, El Salvador makes Bitcoin legal tender and more</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/dodla-dairys-520-crore-ipo-is-set-to-hit-the-market-on-june-16-check-out-all-details/articleshow/83433293.cms">Dodla Dairy's ₹520 crore IPO isn't to expand into new markets, but to strengthen its foothold where it already exists</a>

Sensex has hit a new record but it's not clear if it will trek higher

Diversified FMCG company <keyword id="181951" type="General" weightage="20" keywordseo="ruchi-soya-industries" source="Orion">Ruchi Soya Industries</keyword> has raised ₹1,290 crore from anchor investors ahead of its follow-on public offering (<keyword id="46435" type="General" weightage="80" keywordseo="fpo" source="Orion">FPO</keyword>) that opens for public subscription on Thursday. A follow-on offering is the issuance of additional shares made by a company after an initial public offering (IPO). The upcoming FPO is going to be only a fresh issuance of equity shares to public investors without any offer for sale component, a statement said on Wednesday. The company informed the exchanges that the price band for its FPO has been set at ₹615 per equity share (at the lower end of the price-band) to ₹650 per equity share (at the higher end of the price-band). On Wednesday, it informed the bourses that 19,843,153 equity shares have been allocated to anchor investors at the upper-end of the price-band against the applications from various anchor investors. Societe Generale, BNP Paribas, The Sultanate of Oman - Ministry of Defence Pension Fund, Yas Takaful PJSC (an Abu Dhabi-based insurance company), MK Cohesion, UPS Group and Alchemy were among the foreign investors that received allocation under the anchor investor portion of the FPO, the statement said. Currently, <keyword id="3040166" type="General" weightage="20" keywordseo="patanjali-group" source="Orion">Patanjali Group</keyword> owns about 98.9 per cent stake in <keyword id="53343" type="General" weightage="100" keywordseo="ruchi-soya" source="Orion">Ruchi Soya</keyword>, while public shareholders own about 1.1 per cent stake. Post the FPO, Patanjali Group's holding in Ruchi Soya will come down to about 81 per cent, and the public shareholders would hold about 19 per cent. The entire proceeds from the follow-on issue will be used for furthering the company's business by repayment of certain outstanding loans, meeting its incremental working capital requirements and other general corporate purposes, the company had said recently while announcing the FPO. Ruchi Soya's <keyword id="705161" type="General" weightage="20" keywordseo="ruchi-gold" source="Orion">Ruchi Gold</keyword> brand is the market leader in branded palm oil and also the pioneer of soya foods in India under the brand name Nutrela. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/apps/news/whatsapp-multi-device-support-starts-rolling-out-to-all-users/articleshow/90410868.cms">WhatsApp multi-device support starts rolling out to all users</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/science/health/news/omicron-subvariant-infections-on-rise-in-us-accounts-for-over-34-of-the-new-covid-19-infections/articleshow/90410070.cms">Omicron subvariant infections on rise in US, accounts for over 34% of the new COVID-19 infections</a>

Ruchi Soya raises ₹1,290 crore from anchor investors ahead of FPO

Profitable operations with good cash flows and fast growth amid rising fuel prices, depreciating rupee and India slowing down has led no-frills carrier <keyword id="6354706" type="CITY" weightage="100" keywordseo="Indigo">IndiGo</keyword> emerge as one of the strongest players in the aviation industry. The company has earned profits in 7 years out of the 9 it has remained in business so far. With a week left before the Gurgaon-based carrier’s parent InterGlobe Aviation hits the <keyword id="6357264" type="ORGANIZATION" weightage="100" keywordseo="capital-market">capital market</keyword> with its little over Rs 3,000 crore initial public offer, here are 5 reasons why investing in it would be the best thing you will do: 
	
		1) Largest market share 
	 
	
		In the last 7 years, market share of the company has grown from 12.5 per cent to over 36 per cent. That means 1 out every 3 air traveler in India flies Indigo every day on nearly 650 flights that it operates daily. It's market share is likely to go up with addition of more carriers.
	 
	
		2) Sustainable low cost structure 
	 
	
		The company's inception saw a low cost structure, a lot of credit of which goes to its fleet strategy back in 2005 when the airline commenced services. "We entered into long term maintenance contracts that went 10 years into the future and are more commonly known as power by the hour or fleet hour agreements. It gives clear predictability of costs by the hour," said airline's president Aditya. 
	 
	
		The company therefore created “huge predictability of its maintenance costs and therefore did not have to scrounge for funds or profitability to pay for new maintenance issues because it was already taken care of." That meant that while other airlines would have to ground planes if there was a problem with engine or components, Indigo continued flying the aircrafts. Moreover, delivering on typical expectations from LCC like single fleet, quick turn arounds, high aircraft utilization, razor sharp operations, lowest distribution cost has translated into low cost structure. 
	 
	
		IndiGO aims to keep it simple even in future. Unlike most full service carriers, IndiGo does not offer free lounges or include food and beverages in ticket price for non-corporate passengers which has further helped it in reducing costs. "Reliability is our frequent flyer program - on time flights, maintaining frequency, affordable rates, no fancy hospitality, no red carpets, great customer service. We are so focused on keeping our cost structure low, there's no plan for in-flight entertainment,"said Aditya.
	 
	
		3)Focus on domestic market for growth and business 
	 
	
		In the last 10 years, India continues to be one of the most unpenetrated market in the world. There are merely 391 aircrafts to serve India's rising middle class populace. "It is one of the primary reasons why we got into the airline business in 2005. There were only 130 commercial airplanes back then. After ten years, there are 391. Indian middle class is growing to about half a billion people in the next 48 months, about 1.5 times the size of the population of US. Out of 56 Indian airports where Airbus A320 can land and take-off, we fly to 33 of them. We add 2-3 new destination every year. So we have a long way to go within India," said Aditya.
	 
	
		4) Cost structure to come down further
	 
	
		With Airbus A-320-Neo, the new variant of the Airbus A320, joining Indigo's fleet, cost structure will come down further. It will cut the fuel cost by 10-15 per cent which in turn will further help the profitability of the carrier. "Our order book of 430 A-320-NEO aircrafts to be delivered till 2026 will ensure we are able to service the domestic market well. I guess 90 per cent of our business will be from the domestic business," said Aditya. 
	 Moreover, when the capacity goes up, the market share naturally rises, especially since there is a huge unpenetrated domestic air passenger market. "After the <keyword id="6354763" type="EVENT" weightage="100" keywordseo="IPO">IPO</keyword>, the promoters and founders will hold about 85 per cent. The interest of founders, interest of the management team, and interest of new investors is towards growth of the stock price," the company president said. Moreover, at the moment, out of the total 97 aircrafts, 22 are on finance lease and 75 are on operating lease. Even as operating lease might be more expensive, it is of benefit in the longer run as it guarantees lesser maintenance cost, looks new to passengers every time they fly in IndiGo and also ensures higher aircraft efficiency. 
	
		5) No capital working debts 
	 
	
		Indigo has debt of Rs 3,912 crore and all of it is aircraft acquisition debt, there are no working capital debt. About Rs 1,166 crore from the IPO proceeds will be used for retiring the debt and financial obligations related to aircraft acquisition.
	 
	
		6) IPO preferred over <keyword id="44528" type="ORGANIZATION" weightage="100" keywordseo="FDI">FDI</keyword>
	 
	
		IPO was the preferred route for raising funds for the company and not getting a foreign airline as equity partner as the latter could have diluted the LCC focus. "We do not really need a crutch from anybody else. We never even thought of foreign investments option as conflicting thoughts or strategies can slows down decision-making," said Aditya.
	 
	
		Know about the IPO
	 
	
		InterGlobe Aviation (promoters of Indigo Airlines) has fixed price band for its initial share sale at Rs 700-765, through which it could raise up to Rs 3,268 crore.The IPO will open on October 27 and close on October 29, with the allotment for anchor investors scheduled for October 26. Promoter share will come down from 94 percent to 82 per cent post IPO. As per the offer, InterGlobe will have fresh issue worth Rs 1,272.2 crore as well as an offer for sale of around 2.3 crore shares. The price band has been fixed at Rs 700-765 per share having a face value of Rs 10 each.

6 reasons why IndiGo IPO is the best investment you will make

Almost 30 companies have queued up for <a href="http://www.businessinsider.in/Goldman-Sachs-is-crushing-tech-IPOs/articleshow/48209832.cms">Initial Public Offering(IPO</a>) to expand their business, meet working capital requirements and repay loans. At least 19 of them have already got green light from market regulator <a href="http://www.businessinsider.in/IndiGos-Rs-2500-crore-IPO-comes-under-the-scanner-of-SEBI/articleshow/48331761.cms">SEBI</a> to launch IPOs, while draft IPO papers of eight firms are "under process" and may be cleared soon. 
 
Also, companies like GVK Group's airport business arm, GVK Airport Developers and staffing and training company TeamLease Services are expected to file their respective draft papers with Sebi soon. 
 
GVK Airport Developers is estimated to raise Rs 3,000 crore via IPO while TeamLease Services plans to mop up Rs 500 crore through its public offer. 
 
Maharashtra-based Navkar Corp will hit the capital market next week to raise Rs 600 crore through its initial share sale plan and infrastructure firm Dilip Buildcon is also expected to launch its Rs 650-crore IPO this month. 
 
At a time when the regulator <a href="http://www.businessinsider.in/Achhe-din-for-companies-with-initial-public-offering-has-just-begun/articleshow/48372939.cms">SEBI</a> has announced a slew of fresh reforms on the IPO front, including halving the listing period to six days and making the application process for investors entirely cheque-free, this comes as an instant consequence. 
 
A majority of the companies that have approached Sebi are mid-sized and are looking to raise between Rs 200 crore to Rs 3,000 crore. 
 
As per a PTI news report, as many as 24 companies have filed their draft papers to float IPOs, since the beginning of 2015. In the same period, the regulator has given approval to 25 firms to launch their initial share sale plans, some of which were pending from the previous year. 
 
So far in 2015, 10 companies have mobilised about Rs 4,700 crore through IPOs, higher than funds raised in the preceding two years. 
 
In comparison, a total of six IPOs had hit the market in 2014 and together garnered just Rs 1,261 crore while in 2013, three companies raked in Rs 1,284 crore through initial share sale plans. 
 
Among forthcoming IPOs, InterGlobe Aviation, which runs budget carrier IndiGo, is eyeing Rs 2,500 crore, Coffee Day Enterprises plans to raise Rs 1,150 crore and RBL Bank -- formerly known as Ratnakar Bank -- looks to mop up at least Rs 1,100 crore. 
 
Others in the queue include Matrix Cellular, Catholic Syrian Bank, Alkem Laboratories, S H Kelkar &amp; Company, Amar Ujala Publications, Infibeam Incorporation, AGS Transact Technologies, Numero Uno Clothing and Paranjape Schemes (Construction).

​India’s IPO space gets crowded as SEBI brings fresh reforms

<ul><li><keyword id="20399945" type="General" weightage="20" keywordseo="Coldplay" source="keywords" meta.keywordsubtype="org" meta.entityname="Coldplay" meta.hostid="261" meta.entityid="Coldplay">Coldplay</keyword> is set to perform in Abu Dhabi in January 2025.</li><li>If you could not get your hands on tickets for their Mumbai concert, you can instead see them perform in Abu Dhabi.</li><li>Here’s how much you will have to spend to watch Coldplay perform in Abu Dhabi.</li></ul>Grammy-winning pop band Coldplay is all set to perform in India in January 2025 and the tickets went on sale recently. While excited fans rushed to book the tickets, most fans unfortunately couldn’t get their hands on them despite the band adding an extra show due to overwhelming demand. Not all tickets were booked by fans as a lot of tickets showed up on re-selling platforms and social media, with scalpers charging a bomb for these tickets. With tickets costing as much as ₹3.65 lakh on re-selling platforms such as Viagogo, there’s another option for Coldplay fans to see their favourite band perform without burning a hole in their pocket. <h2>Watch Coldplay perform in Abu Dhabi</h2>As part of the <keyword id="23232180" type="General" weightage="20" keywordseo="Music-of-the-Spheres-World-Tour" source="keywords">Music of the Spheres World Tour</keyword>, Coldplay will perform at Zayed Sports City Stadium on January 11, 2025. If you are someone who couldn’t get their hands on the tickets for the concert in Mumbai, you can instead visit Abu Dhabi and watch the band perform. We look at the approximate costs that you will incur and how you can book the tickets to help you understand. <h3>Ticket prices</h3>Starting with the ticket prices, there are several options to choose from, starting at AED 195. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Ticket </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Price </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Price in Rupees </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Standard seating </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">AED 195 </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹4,440.15 </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Bronze </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">AED 295 </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹6,717.15 </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Silver </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">AED 495 </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹11,271.15 </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Gold </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">AED 595 </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹13,548.15 </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Ruby </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">AED 695 </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹15,825.15 </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Platinum </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">AED 995 </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹22,656.15 </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Deluxe </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">AED 1,495 </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹34,041.15 </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">General Admission Standing </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">AED 395 </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹8,994.15 </td></tr></tbody></table> While the pre-sale for the tickets has already started for those who had registered, you can get the tickets during the general sale which will begin on September 27 at 1:30 PM IST. The pre-sale on Live Nation will begin on September 26 at 1:30 PM IST. <h3>Flight tickets</h3> As per various flight booking platforms, round-trip tickets from Delhi to Abu Dhabi in January 2025 will cost around ₹21,000 for an economy ticket. <h3>Visa fees</h3>You can apply for an Express UAE Visa, which costs ₹820 for a 48-hour stay and ₹2,650 for a 96-hour stay. <h3>Hotel and more</h3>The cost of a hotel stay is completely dependent on what kind of hotel you want to stay at, the kind of room you are looking for and more. It can either be an affordable option to keep the costs down or a premium option if you wish to splurge Three-star Hotel options within a 10 km radius of the stadium start around ₹15,000 per day for two adults. Apart from these expenses, you can add a bit more for food, transportation, sightseeing and more. Setting aside ₹15,000 for transportation, ₹20,000 for food and some amount for miscellaneous expenses might be wise. You can extend your stay and make a trip out of the concert instead of paying exorbitant amounts to scalpers in the country. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/hyundai-motor-indias-25000-crore-ipo-gets-sebi-approval-indias-biggest-ipo-expected-to-launch-in-october/articleshow/113658837.cms">Hyundai Motor India’s ₹25,000 crore IPO gets SEBI approval – India’s biggest IPO expected to launch in October</a> <a href="https://www.businessinsider.in/business/auto/news/tata-nexon-ev-with-a-bigger-battery-launched-starting-at-13-99-lakh/articleshow/113631992.cms">Tata Nexon EV with a bigger battery launched starting at ₹13.99 lakh</a> <a href="https://www.businessinsider.in/stock-market/news/sebi-report-reveals-the-ugly-truth-of-fo-trading-in-india-93-of-retail-traders-incurred-losses/articleshow/113620397.cms">SEBI report reveals the ugly truth of F&amp;O trading in India – 93% of retail traders incurred losses</a>

You Searched For "650 crore IPO" and got 10 results

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6 reasons why IndiGo IPO is the best investment you will make

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It is cheaper to watch Coldplay perform in Abu Dhabi than to pay scalpers for Mumbai tickets

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Buying Guides

You Searched For "650 crore IPO" and got 10 results

Enviro Infra Engineers IPO to open on Nov 22; eyes ₹650 crore

PTI

Bharat Forge Q4 profit rises 77% at ₹227.12 crore

PTI

RateGain, Shriram, MapmyIndia and more — Check out the important dates of these upcoming IPOs and their grey market premiums

Bhakti Makwana

AGS Transact is a cash management firm looking to halve its debt with IPO money

Bhakti Makwana

MTAR Technologies IPO: Here is how to check share allotment status

Navdeep Yadav

Sensex has hit a new record but it's not clear if it will trek higher

IANS

Ruchi Soya raises ₹1,290 crore from anchor investors ahead of FPO

IANS

6 reasons why IndiGo IPO is the best investment you will make

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​India’s IPO space gets crowded as SEBI brings fresh reforms

BI India Bureau

It is cheaper to watch Coldplay perform in Abu Dhabi than to pay scalpers for Mumbai tickets

Sourabh Jain

Popular Keywords

Buying Guides

India’s IPO space gets crowded as SEBI brings fresh reforms