India’s IPO market is witnessing a remarkable surge this year, with September marking the highest activity yet. The month saw 12 mainboard IPOs, collectively raising over Rs 11,000 crore, and 39 small and medium enterprises (SMEs) adding another Rs 1,542 crore. This makes it the most active month for SME IPOs in the last decade. […]
IPO Boom Continues in 2024 with Over Rs 12,000 Crore Raised in September Read More »
Maruti Suzuki India reported a 2% year-on-year increase in total sales for September, reaching 1,84,727 units, as per a company statement. This compares to 1,81,343 units sold in the same month last year. While domestic passenger vehicle sales dropped by 4%, amounting to 1,44,962 units, the mini-segment cars like Alto and S-Presso witnessed a slight
Maruti Suzuki’s September Sales See Modest 2% Growth, Reach 1,84,727 Units Read More »
Garuda Construction and Engineering, a subsidiary of PKH Ventures, will open its IPO for subscription on October 8, 2024. The company is yet to announce the price band, which will be revealed later this week. The IPO comprises 2.78 crore equity shares, including a fresh issue of 1.83 crore shares and an offer-for-sale of 95
Garuda Construction and Engineering to Launch IPO on Dalal Street from October 8 Read More »
Kolkata-based Rahee Infratech Limited, a leading railway civil engineering and construction firm, has filed its draft red herring prospectus (DRHP) with SEBI for a Rs 420 crore IPO. The offering will also involve promoter divestment of up to 2.7 million equity shares. The company may pursue an additional Rs 84 crore via a pre-IPO placement.
Rahee Infratech Submits DRHP for Rs 420 Crore IPO to SEBI Read More »
Shares of NCC Ltd gained more than 2 percent on October 1 after the company announced it had secured orders worth Rs 2,327 crore in September 2024. In a regulatory filing, NCC stated that the orders span multiple sectors, with Rs 1,417 crore for its transportation division, Rs 520 crore for electrical projects, and Rs
NCC Shares Rise Over 2% After Securing Rs 2,327 Crore in Orders for September Read More »
Birla Estates, a subsidiary of Century Textiles & Industries Limited, achieved Rs 600 crore in bookings for Phase II of its Birla Trimaya project in Bengaluru within 24 hours of launch. This follows the strong performance of Phase I, which garnered Rs 500 crore in bookings within 36 hours. Shares of Century Textiles traded at
Century Textiles Unit’s Bengaluru Project Hits Rs 600 Crore in Bookings Within 24 Hours Read More »
Shares of Andhra Cements surged to a 10 percent upper circuit on October 1 after the company filed draft papers with SEBI to raise up to Rs 180 crore through a rights issue. The draft document has also been submitted to the BSE and NSE for approval. The Rights Issue Committee approved the proposal on
Shares of Mahindra & Mahindra (M&M) jumped nearly 2 percent to Rs 3,140 in early trade on October 1 after the company reported a 24 percent increase in vehicle sales for September, fueled by strong demand for sports utility vehicles (SUVs). M&M’s total auto sales, including exports, reached 87,839 units in September, a 24 percent
M&M Shares Rise as September Sales Surge 24%, Driven by SUVs Read More »
Zen Technologies Ltd has secured a five-year Annual Maintenance Contract (AMC) worth Rs 46 crore, including GST, from the Ministry of Defence, the company announced on October 1. This contract ensures the ongoing maintenance of simulators developed by Zen Technologies, reinforcing its relationship with the Ministry. In a regulatory filing, the company stated, “This AMC
Zen Technologies Secures Rs 46 Crore Defence Maintenance Contract Read More »
Vipul Organics, a specialty chemicals company, announced a rights issue on September 30, offering one share for every three shares held as of the record date, at an issue price of Rs 54 per share. The company aims to raise up to Rs 25 crore through this offering, with funds earmarked for the development of
Vipul Organics Announces 1:3 Rights Issue at Rs 54 Per Share Read More »
