The Rs 1,600-crore Ventive Hospitality IPO price band has been fixed at Rs 610-643 per share, with a face value of Rs 1 each. The issue opens on December 20 and closes on December 24. It consists entirely of a new issue. Pune-based Ventive Hospitality is a joint venture between the Panchshil Group and Blackstone
Supreme Facility Management, a SME IPO made its debut on the NSE Emerge platform on Wednesday (December 18) marking a flat listing with the shares opening at Rs 75, a slight 1.33 per cent discount from the issue price of Rs 76. As of 11:50 AM IST, the shares of the company were trading at
Ola Consumer has begun testing 10-minute food delivery services in select areas of Bengaluru through the Open Network for Digital Commerce (ONDC) network. The service is currently available via the Ola Cabs app’s food delivery section in select areas of the city. The company plans a nationwide rollout in the coming weeks, pending pilot results.
With the slow start to the winter, consumer durables and electrical companies have reported a sluggish demand for winter products like geysers and room heaters in November, post the festive season of Diwali. Lower demand has been attributed to weak demand particularly from the northern region where temperatures continued to be higher than normal. Moreover
Domestic shipping companies are expected to continue to see a declining trend in revenue growth with an on-year dip of 8-10 per cent in fiscal 2026, stated a report by CRISIL Ratings. This, it added, will be on account of softening of charter rates — for crude oil and petroleum products amid stagnant demand, and
By Ajit Mishra The markets extended their positive momentum for the fourth consecutive week, gaining nearly half a percent amid consolidation. The benchmark indices remained in a tight range throughout most of the week but managed to close firmly on the final day despite significant volatility. Favorable macroeconomic data, including lower CPI inflation and improved
International Gemological Institute IPO allotment will be finalised on December 18. The company’s IPO was subscribed 35.48 times as of December 17 (Day 03). The retailers booked the issue 11.77 times and the employee section was booked 21.79 times. The IPO opened on December 13 and closed on December 17. Here’s how you can check
Hamps Bio, a pharmaceutical products supplier, is set to finalise the allotment of shares for its public issue on Wednesday (December 18). The SME IPO ran its subscription window from December 13 to December 17. When to Expect the Allotment The allotment of Hamps Bio IPO shares is scheduled for today. Investors who participated in
Direct-to-consumer (D2C) skincare brand Minimalist, recently acquired by Hindustan Unilever (HUL) for Rs 3,000 crore, will leverage the FMCG firm’s vast distribution network to scale up both its domestic and international presence. The deal, which aligns with Minimalist’s expansion goals, will provide the resources needed for growth in manufacturing, research and development (R&D), and offline
The addition of demat accounts in February fell to a 21-month low at 2.26 million even though their total number surpassed the 190 million mark, according to data from CDSL and NSDL. As the stock markets have entered a correction phase since late September, the monthly addition of new demat accounts also showed a declining
Goldman Sachs has reduced its 12-month target for the Nifty by around 5.6% to 25,500 from the previous target of 27,000, representing around 12% potential upside from Monday’s level of 22,460. Goldman’s three-month target for the NSE benchmark is 23,000 and it expects the indice to touch 24,000 in the next six months. ALSO READAfter Goldman
India added 25.2 gigawatt (GW) of solar power capacity in the calendar year 2024, significantly higher than 8.3 GW installed in 2023, as per Mercom’s recent report on solar market. The market witnessed record installations last year surpassing annual capacity additions of all previous years. During last year, 22 GW of large-scale solar projects were
Fitch Ratings has downgraded the outlook for Adani Energy Solutions (AESL) to negative on concerns that US investigations could reveal its governance weakness and affect financial stability. It, however, said the risks associated with the group’s liquidity and funding requirements have moderated. “However, the outlook is negative to reflect our view that the proceedings and
