The Rs.210 crore Veegaland Developers IPO enters its final day of subscription on Tuesday, September 15. The issue opened on September 10 with a price band of Rs.130–140 per share and has received overall subscription of around 1.17 times.
The Rs.210 crore Veegaland Developers IPO enters its final day of subscription on Tuesday, September 15. The issue opened on September 10 with a price band of Rs.130–140 per share and has received overall subscription of around 1.17 times.
Manika Plastech’s Rs.125.5 crore IPO continues to attract investor interest ahead of its September 16 closing date. The issue carries a price band of Rs.40–43 per share and has been subscribed around 1.46 times, according to the latest available data.
Tata Sons’ potential IPO has returned to the market spotlight after the Reserve Bank of India rejected the company’s request to voluntarily surrender its Certificate of Registration.
KEC International has secured new orders worth Rs.1,303 crore across its transmission and distribution (T&D) and cables businesses. The latest wins have taken the company’s T&D order intake to more than Rs.7,600 crore.
SS Retail is scheduled to open its IPO on September 16 and close on September 18. The issue is expected to raise around Rs.500 crore, including a fresh issue of Rs.360 crore and an Offer for Sale of Rs.140 crore.
Jindal Supreme is scheduled to launch its IPO on September 16 and close on September 18. The price band is reported at Rs.88–93 per share, with the issue forming part of this week’s busy mainboard IPO calendar.
The Indian equity markets are closed on Monday, September 14, on account of Ganesh Chaturthi. Trading across the BSE and NSE will resume on Tuesday, with investors expected to react to developments in global markets during the holiday.
Air India is reducing its scheduled capacity by 8.8% YoY in September to around 3.2 million seats. The reduction is nearly twice the overall capacity decline expected across the airline industry during the month.
Crude oil prices moved higher as renewed tensions in the Middle East raised concerns about possible disruption to energy supplies. Brent crude remained above the $100-a-barrel mark as investors assessed developments involving Iran, Gulf shipping routes and attacks affecting regional infrastructure.
Gold prices declined on Monday as rising crude oil prices increased concerns over inflation and strengthened expectations that the US Federal Reserve could maintain a tighter monetary stance. Spot gold fell around 0.3% to $4,334.31 an ounce, while US gold futures declined 0.8%.
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