Shah Investor’s Home Ltd. has opened its mainboard IPO on September 28. The stock-broking company is offering 53.99 lakh shares with a price band of Rs.159–167 per share and plans to raise around Rs.90.17 crore. The issue will close on September 30.
Shah Investor’s Home Ltd. has opened its mainboard IPO on September 28. The stock-broking company is offering 53.99 lakh shares with a price band of Rs.159–167 per share and plans to raise around Rs.90.17 crore. The issue will close on September 30.
Steel Authority of India Ltd. (SAIL) has signed a memorandum of understanding related to coal block development, putting the steelmaker among the companies in focus on Monday.
Gold prices came under pressure on Monday as rising oil prices increased concerns about inflation and the possibility of higher US interest rates. Spot gold fell around 2.1% to $4,198.10 an ounce in early trading, putting the metal on track for one of its sharpest daily declines in September.
Vans Electroengineerings Ltd. is scheduled to open its IPO on September 29. The issue size is expected to be around Rs.32.26–33.98 crore, with the price band set at Rs.112–118 per share.
Adani Power Ltd. has completed the merger of certain subsidiaries, according to company-related disclosures highlighted in Monday’s stocks-in-news reports. The restructuring is part of the group’s efforts to streamline its corporate structure.
Silver also weakened on Monday amid the broader decline in precious metals. MCX December silver futures were down around 2.6% at approximately Rs.2,28,603 per kg in early trading. International silver prices also declined as the dollar and US yields strengthened.
KPI Green Energy Ltd. has announced that its material subsidiary, Sun Drops Energia Ltd., has completed the acquisition of a 62.91% stake in DEK and Mavericks Green Energy Ltd.
Papadmalji Agro Foods Ltd. is also scheduled to open its SME IPO on September 29. The issue size is expected to be around Rs.19.34–20.18 crore, with the price band set at Rs.69–72 per share. The bidding period is scheduled to close on October 1.
Rashtriya Chemicals and Fertilizers Ltd. has awarded Larsen & Toubro Ltd. a Rs.797 crore contract, excluding taxes, for modernisation of its ammonia manufacturing plant at Thal in Maharashtra. L&T emerged as the lowest bidder for the project.
Friday night closing: Crude closed at 104.45, while Dow closed up 479 points, Nasdaq gained 129 points and S&P 500 rose 39 points. Gift Nifty was up 49 points at 23,237, signalling a mild gap-up opening in Indian markets on Monday, subject to weekend developments. Brent crude above $80 remains a significant negative for the Indian economy.
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