Market Updates - Angel One

Aptus Value Housing Finance has received the capital market regulator’s go-ahead to float its initial public offering. The Chennai-based financial services provider had filed preliminary papers with SEBI in May to raise funds via public issue. As per its DRHP, the company’s IPO will comprise a fresh issue worth Rs. 500 crores and an offer …

India’s largest diagnostics service provider, Krsnaa Diagnostics, has fixed its IPO price band at Rs. 933 to Rs. 954 per share. The company’s public issue will open for subscription from 4 August 2021 Wednesday. Individuals can put in bids till 6 August, Friday. The upcoming initial public offering will comprise a new issue worth Rs. …

The Indian stock market proved its resilience against Covid adversities by maintaining strong growth in 2020. Despite the initial hiccups at the beginning of the lockdown, the market not only bounced back quickly but grew to show investors’ faith in the stability of the market. The primary market (IPOs) shone through the gloom of the …

In significant market development, the Indian central bank, The Reserve Bank Of India, laid out the eligibility criteria for the non-bank entities to enter RBI’s centralised fund techniques (CPS). It is big news for Fintech’s paving path for Paytm, PhonePe and similar businesses to mobilise RTGS and NEFT transactions. Until now, only banks and non-bank …

Glenmark Life Science, a high-value active pharmaceutical ingredients (API) manufacturer, opened its IPO offer on July 27, 2021. On the first day of the subscription period, which will continue till July 29, 2021, the offer received a 2.78x subscription. Investors in the retail quota subscribed 5.16 times the quota available to them. Non-institutional investors too …

Shares of ICICI Bank went up 1.29 per cent and 1.30 per cent on the BSE and NSE, respectively on Monday. The bank’s shares touched a 52-week peak following the announcement of the company’s Q1 results. The bank’s shares touched Rs 685.40 on the BSE, while it stood at Rs 685.45 on the NSE at …

An Overview SEBI seeks all private equity (PE) and venture capital (VC) funds to issue cash flows in order to attain investment banks, a proposal which the fund houses are avoiding. Regulators require the core in the fund’s “Private Placement Memorandum” to be validated by a third-party intermediary which follows capital market standards. The PPM …

An Overview – SC’s Stance The Supreme Court dismissed Bharti Airtel, Vodafone Idea, and Tata Teleservices’ case for re-computation of the adjusted gross revenue (AGR)–related dues on July 23 morning, sending telecom stocks lower. Bharti Airtel’s stock was trading at Rs. 554.15, up Rs. 7.65, or 1.40 percent, on the BSE. It has traded between …

ITC’s standalone profit witnessed a year-on-year growth of 28.6% at Rs. 3,103.5 crore for the first quarter ended June 2021. This figure stood at Rs. 2,342.76 crore in the previous fiscal’s corresponding period. The company noted that this substantial jump was a direct result of its sequential recovery in cigarette sales. In fact, the volume …

On 21 July 2021, Bharti Airtel announced its collaboration with Intel to accelerate India’s 5G network rollout. They plan to leverage vRAN (virtualised Radio Access Network) and O-RAN (Open Radio Access Network) to transform Airtel’s network and provide their customers with the benefits of next-gen technologies. As members of the O-RAN Alliance, Airtel and Intel …