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News Desk

Hyundai Motor India Shares Debut at Rs 1,934 on NSE, 1.32% Below IPO Price

Hyundai Motor India Shares Debut at Rs 1,934 on NSE, 1.32% Below IPO Price

/ IPO News /

Hyundai Motor India shares began trading on October 22 at Rs 1,934, a 1.32% discount to the IPO price of Rs 1,960. The Indian subsidiary of the South Korean automaker saw tepid retail response to the IPO, but strong interest from Qualified Institutional Buyers (QIBs) led to an oversubscription of nearly 700%. The grey market

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Ambuja Cements to Acquire 37.9% Stake in Orient Cement for Rs 8,100 Crore

Ambuja Cements to Acquire 37.9% Stake in Orient Cement for Rs 8,100 Crore

/ Indian Market /

Ambuja Cements Ltd has announced its decision to acquire a 37.9% stake in Orient Cement from the company’s promoters, at a price of Rs 395.4 per share. The deal is valued at an enterprise value of Rs 8,100 crore and will be funded through cash. This acquisition aligns with Ambuja Cements’ strategy to expand its

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Bajaj Housing Finance Q2 Net Profit Rises 21% to Rs 546 Crore in First Report PostIPO

Bajaj Housing Finance Q2 Net Profit Rises 21% to Rs 546 Crore in First Report PostIPO

/ Results /

Bajaj Housing Finance reported a 21% year-on-year increase in net profit for Q2 FY25, reaching Rs 546 crore, following its successful IPO in September 2024. The company raised Rs 6,560 crore from the public issue, which saw 64 times oversubscription. Net Interest Income for the quarter rose 13% on-year to Rs 713 crore, as per

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TD Power Secures Rs 300 Crore Traction Motor Deal with European Client

TD Power Secures Rs 300 Crore Traction Motor Deal with European Client

/ Indian Market /

TD Power Systems has signed a five-year contract to supply traction motors to Europe, anticipating a business volume of Rs 300 crore from the agreement. The initial order, worth Rs 18 crore, is scheduled for delivery in April 2025. Shares of the company rose over 2% in mid-day trading on October 21 following the announcement.

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Niva Bupa Health Insurance and Paras Healthcare Secure SEBI Approval for IPO Launches

Niva Bupa Health Insurance and Paras Healthcare Secure SEBI Approval for IPO Launches

/ IPO News /

The Securities and Exchange Board of India (SEBI) has granted approval for initial public offerings (IPOs) by Niva Bupa Health Insurance Company and Paras Healthcare. Observation letters, signalling clearance for the companies to proceed with their IPO plans, were issued by the regulator on October 18. Niva Bupa filed its draft red herring prospectus on

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UltraTech Cement's Q2 Net Profit Drops 36% to ₹820 Crore Amid Slowdown in Demand

UltraTech Cement’s Q2 Net Profit Drops 36% to ₹820 Crore Amid Slowdown in Demand

/ Results /

UltraTech Cement reported a sharper-than-expected 36% decline in its net profit for the second quarter of FY25, amounting to ₹820 crore, compared to ₹1,280 crore in the same period last year. The drop was attributed to weak demand caused by monsoon-related project delays and a slowdown in construction activities, which affected price realisations. Analysts had

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Hyundai Motor India IPO Shows Signs of Recovery Ahead of Listing, GMP Back in Green

Hyundai Motor India IPO Shows Signs of Recovery Ahead of Listing, GMP Back in Green

/ IPO News /

Hyundai Motor India Ltd (HMIL) is set to list its shares on the BSE and NSE on October 22, following a strong 237% subscription for its Rs 27,870 crore Initial Public Offering (IPO). While the IPO saw limited interest from retail investors, it gained significant traction from Qualified Institutional Buyers (QIBs), with the QIB portion

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Waaree Energies IPO Fully Subscribed in Just Two Hours on Day 1, Retail Portion Oversubscribed by 117%

Waaree Energies IPO Fully Subscribed in Just Two Hours on Day 1, Retail Portion Oversubscribed by 117%

/ Indian Market /

Waaree Energies, a key player in the solar energy sector, launched its Rs 4,321 crore Initial Public Offering (IPO) on October 21, and it saw a great response. Within the first two hours of opening, the IPO was fully subscribed, receiving bids for 2.12 crore shares compared to the 2.1 crore shares available, according to

Waaree Energies IPO Fully Subscribed in Just Two Hours on Day 1, Retail Portion Oversubscribed by 117% Read More »

Oberoi Realty Shares Climb 3% on Thane Project Success; Q2 Profit Surges 29%

Oberoi Realty Shares Climb 3% on Thane Project Success; Q2 Profit Surges 29%

/ Indian Market /

Oberoi Realty’s stock rose over 3% on October 21 after the company reported strong performance from its new Thane project, which saw gross bookings worth ₹1,348 crore within the first three days of launch. The Mumbai-based real estate developer also announced a 29% year-on-year increase in its consolidated net profit for the second quarter, reaching

Oberoi Realty Shares Climb 3% on Thane Project Success; Q2 Profit Surges 29% Read More »

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