Anchor Investors Inject Rs 582 Crore Emcure Pharmaceuticals Ltd. has successfully raised Rs 582 crore from anchor investors ahead of its much-anticipated initial public offering (IPO). The company allocated 57.79 lakh shares at Rs 1,008 each to 48 anchor investors. Among these, the ICICI Prudential Pharma Healthcare and Diagnostics Fund received the largest allocation at …
Namita Thapar is set to earn good returns from Emcure Pharmaceuticals’ upcoming IPO. According to the company’s red herring prospectus, Thapar will earn a 293-fold return on her initial investment by partially offloading her stake. Return on Investment At the upper end of the price band, Thapar will see her investment multiply 293 times. The …
Established in 2008, Allied Blenders and Distillers is an international liquor company that manufactures its products in India. Four international alcoholic beverages made in India, including vodka, rum, brandy, and whiskey, are available from the company. Moreover, they offer drinking water in packs that bear the Officer’s Choice, Sterling Reserve, and Officer’s Choice Blue labels. …
Allied Blenders and Distillers is a company based in India that specializes in Indian-made foreign liquor, debuted on the Indian stock market today. The stock of Allied Blenders and Distillers settled at Rs 315.05 per share on the BSE, representing an impressive 12.12% premium over the final issue price of Rs 281 per share. Additionally, …
Le Travenues Technology Limited, founded in 2006, is an online travel agency (OTA) that enables travelers to book train, flight, and bus tickets, as well as hotels via its OTA platforms under the brand name “ixigo”, debuted on the Indian stock market today. The company’s stock settled at Rs 135 per share on the BSE, …
The precision engineering company specializes in the manufacturing and supply of high-quality components for a range of industries, including commercial vehicles, tractors, off-highway vehicles, pipe fittings, and rail components. It has built a reputation for excellence and reliability, attracting high-profile clients in various sectors. In the commercial vehicle segment, the company serves notable clients such …
The Vraj Iron and Steel IPO was closed on June 28, 2024, after increased investor interest. The allotment for the Vraj Iron and Steel IPO is expected to be finalised on July 1, 2024. The Vraj Iron and Steel IPO will be listed on BSE and NSE, with a tentative listing date of July 3, …
On Friday, June 28, 2024, India’s main stock indexes opened at record highs. The Nifty 50 started at 24,085.90 and the Sensex at 79,457.58, driven by Reliance Industries after its telecom division announced tariff hikes. The previous day, June 27, the Nifty 50 closed above 24,000 for the first time, at 24,044.50 (up 175.70 points …
Bansal Wire Industries Limited is a prominent stainless steel wire manufacturer that operates across three main segments: high-carbon steel wire, low-carbon steel wire (mild steel wire), and stainless steel wire. The company produces over 3,000 varieties of steel wire products, with sizes ranging from very thin to very thick. Serving more than 5,000 customers across …
Stanley Lifestyles Limited specializes in creating super-premium, luxury, and ultra-luxury furniture under the brand “Stanley, debuted on the Indian stock market today. The stock of Stanley Lifestyles settled at Rs 499 per share on the BSE, representing an impressive 35.23% premium over the final issue price of Rs 369 per share. Additionally, on the NSE, …
