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Rakesh Jhunjhunwala-owned Star Health Insurance, e-commerce brand Nykaa, and Adani Group’s FMCG unit Adani Wilmar are some of the companies to have received the green light from capital market’s regulator SEBI for their respective IPOs last week. Apart from the above-mentioned firms, Penna Cement Industries, Latent View Analytics, and Sigachi Industries too have received Sebi’s observations, clearing the way for them to raise funds through. In total, SEBI approved 6 IPO papers in the previous Read More

BSE Sensex and Nifty 50 extended their rally to the fifth consecutive day on Wednesday, on the back of buying in auto stocks. BSE Sensex jumped 452 points or 0.75 per cent to end at 60,737, and NSE Nifty 50 index settled at 18,161, up 170 points or 0.94 per cent. Both the indices made record closing highs. During intraday, Sensex hit a lifetime high of 60,836.63, while NSE’s Nifty scaled a historic high of Read More

The Securities and Exchange Board of India (Sebi) has given its approval for the initial share sales of three companies, including SJS Enterprises and One Mobikwik Systems Ltd. Medical equipment maker Skanray Technologies Ltd has also received the nod from the watchdog for its initial public offering (IPO). The three companies have been issued observations by the watchdog, according to the update on the processing status of draft offer documents as on October 8. An Read More

Investors’ wealth rose by Rs 4,16,413.43 crore in two days, with the market capitalisation of BSE-listed companies reaching a lifetime high of Rs 266.36 lakh crore on Friday. The 30-share BSE benchmark Sensex on Friday jumped 381.23 points or 0.64 per cent to close at 60,059.06. On Thursday, it had rallied 488.1 points to 59,677.83.Following the uptrend in equities, the market capitalisation of BSE-listed firms climbed Rs 4,16,413.43 crore in two days to reach Rs Read More

Aditya Birla Capital Sun Life AMC’s Rs 2,768.26-crore IPO, which was subscribed 5.25 times, will finalise the share allotment on Wednesday, 6 October 2021. The shares were seen trading weak in the primary market on Monday. In the grey market, Aditya Birla Capital Sun Life AMC shares were trading at Rs 2 discount over the IPO price of Rs 712 per share, according to the people who deal in unlisted shares of the companies. The Read More