Vishal Mega Mart will finalise the allotment of shares on December 16. The issue was booked to a total of 28.75 times. The retail portion was booked 2.43 times and the NII category 15 times. The subscription was led by the QIBs, 85.11 times. The company opened the IPO bidding on December 11 and closed
As we approach 2025, JM Financial has picked a basket of the top 12 stocks for the upcoming year, 2025. The brokerage chose these stocks through a bottom-up approach along with an approach of growth at a relatively reasonable price (GARRP). The brokerage picked stocks keeping in mind different themes and sectors. “Why GARRP and
Crude oil prices dropped slightly on December 16 after reaching their highest levels in weeks. Brent crude futures declined by 21 cents or 0.3 per cent and touched $74.28 per barrel. Similarly, US West Texas Intermediate crude dropped by 30 cents or 0.4 per cent and reached $70.99 per barrel. Investors were waiting for the
Gold and silver prices have fallen a little compared to a week back as no new triggers around the globe. However, investors are waiting for the FOMC meet to conclude this week, which will further decide the move of precious metals. Headline consumer price inflation declined to 5.5% — within the Reserve Bank of India’s
Go to Live UpdatesMobikwik IPO Allotment Live Updates: The IPO, valued at Rs 572 crore, is a book-built issue consisting entirely of a fresh issue of 2.05 crore equity shares. The IPO opens for bidding on December 11 and closed on December 13. The price band is set between Rs 265 – 279 per share.
Go to Live UpdatesVishal Mega Mart IPO Allotment Live Updates: The IPO was subscribed to a total of 28.75 times on the last day i.e. December 13. The company raised a sum of Rs 8,000 crore from the primary market. The retail investors booked the issue 2.43 times. The allotment of shares will be finalised
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 might see a muted start on Monday following Asian markets opening on a mixed note in early trade hours. Previously, on Friday, the NSE Nifty 50 closed the session 220 points or 0.89% higher at 24,768, while the BSE Sensex closed 843
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a subdued opening on Monday. Here’s a look at the key stocks to watch in trade. Stocks in Focus: GIFT Nifty was trading 11.50 points or 0.04% higher at 24,787 indicating a muted start for domestic indices NSE Nifty 50
The Union Cabinet has approved a Rs 11,440 crore revival plan for debt-laden Rashtriya Ispat Nigam Ltd (RINL), according to a statement released on Friday. The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved the revival plan for RINL for Rs 11,440 crore, it said. Also ReadRIL’s O2C segment
The average value of purchases at Indriya stores exceeds that of other new entrants in the Indian jewellery market, the company’s chief executive officer Sandeep Kohli said. Speaking with FE, Kohli stated that Indriya has received positive market response since its launch in July 2023, adding that the brand aims to reach 100 stores within
The Securities and Exchange Board of India (SEBI) disposed of proceedings against IIFL Securities, without issuing any directions, on Friday. The case pertained to a compliance inspection of the brokerage between April and July 2022. After that, the regulator had issued circulars. In Friday’s order, whole-time member Amarjeet Singh noted that IIFL Securities while denying
By Atul Shinghal How you invest and where you invest are two factors that define whether you will be able to achieve your financial goals within the stipulated timeline. Balancing risk and growth when selecting an investment style depends on several key factors. Financial goals Your financial goals are a key factor in determining your
SBI Life Insurance, the country’s largest private life insurer, on Friday posted a 71% year-on-year growth in third-quarter net profit at ₹551 crore led by healthy growth in fresh and renewal premiums. Gross premium income of the life insurer registered an 11% year-on-year growth to ₹24,998 crore. Of this, the new business premium stood at
