Hamps Bio IPO, a fixed-price issue set to list on the BSE SME platform on tomorrow, (December 20). Ahead of its listing, the SME issue has garnered significant investor attention, with its grey market premium (GMP). GMP As per the latest trend, the GMP of Hamps Bio IPO was trading at Rs 55, with an
DAM Capital IPO subscription status, GMP price: The IPO was subscribed to a total of 2.10 times. The retail portion was booked more than thrice while the employee section was subscribed 4.26 times, as per NSE’s data. The NII portion was booked 2.44 times. However, the QIBs haven’t shown interest in the issue as of
Indian benchmark equity indices ended lower on Thursday (December 19), dragged down by US-rate sensitive IT stocks. The BSE Sensex closed the day at 79,218.05, down by 964.16 points or 1.20 per cent, while the NSE Nifty ended at 23,951.70, falling by 247.15 points or 1.02 per cent. The Nifty Bank index also finished the
The GST regime has simplified taxation, brought stability and has been a success, enabling record collections ahead of targets, but there have been constant demands for rationalization of the GST rate structure. The present structure has multiple tax slabs, making compliance and administration complex. Hence, industry experts are demanding lowering of tax slabs. According to
The NACDAC Infrastructure IPO, a BSE SME issue, has caught the attention of investors, especially with a Grey Market Premium (GMP), an unlisted marketplace. NACDAC Infrastructure IPO, a fresh issue of 28.60 lakh shares, is planning to raise Rs 10.01 crores through its book-built issue. The issue opened for bidding on December 17, and is
As the final days of December tick by, the stock market is experiencing a surge of IPO activity this week. Inventurus Knowledge Solutions, after receiving an overwhelming response from investors, successfully listed its shares on the stock exchanges following its IPO, which ran from December 12 to December 17. This mainboard IPO shares debuted with
Stock Market Crash: The Indian equity markets saw a sharp slide in early trading on December 19. The Nifty 50 fell as much as 1.4% to an intra-day low of 23,870.30 while the Sensex dropped 1,162.20 points or 1.4% to an intra-day low of 79,020, bouncing back from the key support level. The US Fed spooked
Reiterating its commitment to maintaining the highest standards of corporate governance and transparency in the backdrop of the proposed regulatory review of its financial statements that was disclosed to the stock exchanges on December 17, 2024, Amar Sarin, MD & CEO, TARC Ltd, said, “At TARC, we see every challenge as an opportunity to reaffirm
Chennai-based Aptus Value Housing Finance plans to grow its assets under management (AUM) by 30% annually over the next three years, a senior company official said. Talking to FE, P Balaji, MD, Aptus Value Housing Finance, said: “Our goal is to reach `25,000 crore in AUM by FY28, which requires us to grow 30% annually over the
India’s rapidly growing art mart, conservatively pegged at around Rs 4,000 crore annually, is attracting marquee legal firms, making it the latest sought-after vertical on India’s legal canvas. Law firms including Cyril Amarchand Mangaldas (CAM), Khaitan & Co, DSK Legal, Dentons Link Legal, Anand and Anand are already providing niche art law services while others
By V K Sharma The Nifty ended the week up 426 points, or 1.93%, at 22,552, marking its first weekly gain after three consecutive losses and the highest percentage gain since the week of December 6. The NSE SmallCap Index surged 5.47%, while the Nifty MicroCap Index jumped 6.71%. Two key highlights of last week’s
Capital expenditures by state governments likely fell 6% year over year in the first ten months of the current financial year despite the Centre’s acceleration of capex loans to them, indicating that the states’ own investments have slowed down. FE reviewed the finances of 18 big states and found that their capex in April-January of FY25
From April 1, 2025, all central government employees (except the armed forces) will get the option to choose from two pension schemes — the National Pension System (NPS) and the Unified Pension Scheme (UPS). The NPS, which was launched in January 2004, replaced the Old Pension Scheme (OPS), and covers all departments under the central
