Over the last few months you may have been surprised to see the HNI portion of some of the IPOs being oversubscribed by 300 and 500 times. If you are wondering what is driving this kind of oversubscription, then it is the power of IPO funding. Many banks and finance companies provide loans to HNI …
Reliance Industries Ltd. (RIL) released a statement on Monday declaring its investment in the newly incorporated subsidiary, Reliance New Energy Solar Ltd. (RNESL). The regulatory filing disclosed a total investment of Rs. 1 lakh cash in 10,000 shares of RNESL, worth Rs. 10 each. This subsidiary is wholly-owned and hasn’t started business operations yet. RIL …
Hindustan Unilever’s December quarter earnings are expected to be released on Thursday. The key focus of the results will be the demand from rural areas. The investors are glued to focus on this factor more than anything else. Rural demand became the key focus element because when the company declared its second-quarter results, HUL had …
Devyani International, the operator of QSR (quick-service restaurants) such as Pizza Hut, KFC, and Costa Coffee, has seen its share price surge following CLSA India’s announcement of a bullish outlook. Following this, shares of Devyani International surged 3% to Rs. 193 on the NSE on 19 January 2022. CLSA India initiated coverage on CLSA shares …
The manufacturing industry is an integral part of any country’s economy, and India is no exception. India has been emerging as a global manufacturing hub, and this trend is expected to continue in 2023. The Indian manufacturing sector is expected to grow at a CAGR of 13.5% between 2021 and 2026, according to a report …
Gokul Agro Resources has announced a Rs. 41.13 crore rights issue. The issue was approved in a meeting on 20th February, 2023. It will remain open from 16th March to 23rd March, 2023. Gokul Agro Resources company overview Gokul Agro Resources Limited is a leading FMCG company in India that has global operations. It has …
A Close Look into the Matter According to officials aware of the developments, NTPC intends to begin ‘global roadshows’ to find investors for NREL. It will begin looking for a partner from April 2022, which would help increase the value of its IPO. India is still highly reliant on coal for power generation and is …
Anjani Portland Cement has announced a Rs 249.06 crore rights issue. The subscription for the rights issue will open on December 30, 2022, and close on January 19, 2023. The company will issue 12,642,848 equity shares with a face value of Rs 10 per share at Rs 197 per equity. Let’s begin by understanding: ‘what …
On Tuesday, 15 March 2022, stocks of energy and commodity firms plunged amidst tension related to an economic downfall due to increased COVID-19 cases in Hong Kong and China. Meanwhile, China remains one of the most significant consumers and importers of crude and multiple commodities. Analysts stay bullish on shares of domestic commodities since certain …
Ruchi Soya Industries, which is owned by the Patanjali Group, will launch its much-anticipated follow-on public offer on 24th March 2022. The Ruchi Soya FPO, valued at Rs 4,300 crore, will be up for subscription till 28th March 2022, with a price range of Rs 615-650 per share. Ruchi Soya is an FMHG and an …
