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Over next few months, volatility to offer natural opportunity for long-term investors: Vinit Sambreâ€œOne should remain invested and six months from now, if one is unhappy, then one must extend the time horizon as it is going to be a good journey. There could be one-off events which will keep hurting or impacting the markets but one has to stay invested in equities. This is a good time over the next four, five years.â€2022-09-26T13:31:31+05:30 Will these mutual funds help me to build Rs 10 crore?If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts2022-09-26T13:06:37+05:30 8 ELSS or tax saving mutual funds complete 25 years; 6 offer 15-23% CAGREight out of the total 37 tax saving mutual fund schemes or Equity Linked Saving Schemes (ELSS) have completed 25 years in the market. Six of these schemes managed to offer around 15-23% annual returns over the 25-year period.2022-09-26T11:13:19+05:30 Nippon India Large Cap Fund: Fund Review While it boasts a strong track record over market cycles, this performance is often accompanied by higher volatility than many of its peers.2022-09-26T06:30:00+05:30 RBI may raise repo rate by 50 bps in monetary policy review this weekAccording to an ET poll conducted among 20 banks, fund managers and financial institutions, the RBI Monetary Policy Committee (MPC) will likely assess the risk of spillover inflation and a sliding rupee, which could hurt growth of the world's fifth-largest economy. 2022-09-26T06:21:49+05:30 61% equity mutual fund schemes failed to beat benchmarks in five yearsNot only large cap funds, but most other equity mutual fund categories faltered in beating their respective benchmarks in the five and seven year horizons. Here's our analysis.2022-09-23T15:07:52+05:30 NFO Review: ICICI Prudential Nifty50 Equal Weight Index FundNifty 50 equal weight index concentrates on sectors like financial services, automobile and automotive components, FMCG, healthcare and IT2022-09-23T14:13:59+05:30 Tata Mutual Fund launches CRISIL-IBX GILT Index â€“ April 2026 Index FundThe exit load is 0.25% of the applicable NAV, if redeemed on or before 30 days from the date of allotment. The minimum subscription amount is Rs. 5,000 per application and in multiples of Re 1 thereafter. 2022-09-23T11:28:57+05:30 Will these mutual funds offer high returns with safety?If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.2022-09-23T09:49:42+05:30 Target Maturity Funds offer safety, liquidity, tax-efficiencyTMFs are passively managed open-ended debt mutual funds that track a benchmark bond index with a pre-defined maturity date. To understand better, you can compare these funds to traditional investment avenues such as fixed deposits (FDs). 2022-09-23T09:38:42+05:30 Falling liquidity brings ultra short-term debt mutual funds in focusLiquidity in the banking system has slipped into deficit for the first time in three years. Shrinking liquidity and a pick-up in credit demand are expected to result in short-term interest rates firming up.2022-09-23T07:23:24+05:30 Motilal Oswal AMC launches Gold and Silver ETFs FoFs The scheme will generate returns by investing in units of Gold and Silver ETFs; the daily weights shall be market driven with the starting (NFO) allocation of 70:30.2022-09-22T14:50:13+05:30 91% large cap funds failed to beat their benchmarks in seven-year horizonAmong equity mutual funds category, the large cap category was the worst hit. Around 91% of the schemes underperformed in the seven-year horizon.2022-09-22T12:51:23+05:30 My equity allocation is 95%. Should I invest more in debt schemes?If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.2022-09-22T12:22:13+05:30 After Fed, RBI may hike rates; how will it impact your equity, debt mutual funds?Fund managers believe that RBI can raise rates by 40-50 bps in the upcoming policy. The Fed rate hike has impacted the global equity markets as well as the bond markets. 2022-09-22T11:32:13+05:30 Fed hikes rates again, warns inflation fight can't be 'painless'Federal Reserve Chair Jerome Powell warned that the process of conquering the highest inflation in 40 years will involve some pain.2022-09-22T09:50:35+05:30 Investors betting big on mutual fund SIP; monthly inflows at over Rs 12,000 cr during May-AugWith this, total inflow has reached to Rs 61,258 crore in the first five months of the current fiscal. This came following an inflow of over Rs 1.24 lakh crore in the 2021-22 financial year.2022-09-22T09:26:43+05:30 ICICI Prudential Mutual Fund launches Auto Index FundThe Nifty Auto Index is designed to reflect the behavior and performance of the automobile segment of the financial market.2022-09-21T17:29:21+05:30 Best time to invest in credit risk funds, but be cautious of riskDebt fund managers said that it is the right time to invest in credit risk funds because the valuations and outlook are very positive.2022-09-21T12:03:30+05:30 SBI Mutual Fund launches small cap, mid cap equity index fundsSBI Nifty Midcap 150 Index Fund and SBI Nifty Smallcap 250 Index Fund are open-ended schemes that would replicate the performance of the underlying indices - Nifty Midcap 150 Index and Nifty Smallcap 250 Index, respectively.2022-09-21T11:11:16+05:30 My first-ever investment was my worst decision; I almost ended up losing all the money: Nilesh Shahâ€œI have been following a not so disciplined asset allocation because of restrictions of my job, but I have diversified myself in equity, real estate, gold and fixed income. I am largely an equity investor but I have exposure in all the asset classes. I am not able to move from one asset class to another as freely as I would have loved because of the restrictions of my job.â€2022-09-21T10:11:00+05:30 Small cap mutual funds can reward patient investorsThere is always a debate on how much diversification is okay in a mutual fund scheme. Nippon India Small Cap Fund holds 147 stocks and Samir Rachh says it is justifiable. 2022-09-21T08:46:38+05:30 What are target maturity funds?Investors eyeing visible returns, low expenses and a portfolio of high-quality bonds or government securities are buying target maturity funds.2022-09-21T07:46:29+05:30 ESG is part of sound investment, but has a long journey to make Navneet Munot and Vetri Subramniam were speaking at the Morningstar Investment Conference, 2022, in Mumbai about sustainable investing.2022-09-20T16:09:26+05:30 A mutual fund portfolio to create Rs 3 crore for retirementIf you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.2022-09-20T12:26:52+05:30 US Fed meet today: Will all hell break loose if Powell opts for 100 bps rate hike?Equity strategist Kranthi Bathini of Wealth Mills Securities opines that the impact of Fed meetâ€™s outcome would be relatively less on India. â€œWe are in a better position fundamentally. We never had zero interest rates and no ultra-loose monetary policies to trouble us. Fed rate hikes impact us as well but to a lesser extent,â€ he said.2022-09-20T10:39:49+05:30 Three value funds that offered 15% plus returns since inceptionValue funds have been doing really well recently. Three value schemes have completed 25 years in the market.2022-09-20T10:00:18+05:30 Will I be able to create Rs 10 crore in 22 years?If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.2022-09-19T09:57:44+05:30 Invest with a plan instead of random investmentsThe Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals.2022-09-19T06:30:00+05:30 What Indiaâ€™s inclusion in global bond index means for debt mutual fund investorsGiven uncertanities, experts suggest avoiding incremental investments in long duration funds or bonds.2022-09-19T06:30:00+05:30 SBI Magnum Midcap Fund: Fund ReviewThe fund has put in a strong showing since 2020 with the fund ranking in the top quartile in its category. The presence of a veteran fund manager at its helm gives comfort for the long term.2022-09-19T06:30:00+05:30 Mutual funds to get maximum returns in five yearsIf you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.2022-09-16T12:17:52+05:30 CPSE ETF offers 35% returns in a year. Is it time to invest?The CPSE ETF has offered 35% returns in the last one year, 16% in 6-months and 11.54% returns in three months. Mutual fund analysts say that this performance may continue for some more time.2022-09-16T11:40:11+05:30 Bloodbath on D-Street! Why market bulls are in panic modeDomestic investors lost about Rs 3 lakh crore from their kitty as the total market capitalisation of BSE-listed firms plunged to Rs 285.9 lakh crore from Rs 283 lakh crore during the session2022-09-16T10:35:46+05:30 Trust Mutual Fund favours short-term bonds as inflation risks risePersistently high inflation increases the pressure on the central bank to hike rates more aggressively, leading to a rise in bond yields and losses for bond holders. 2022-09-16T09:52:53+05:30 Gold hovers near two-year low as rate-hike fears persistâ€‹â€‹â€‹India has slashed the base import prices of gold, palm oil, and crude soya oil, the government said in a statement late on Thursday. Meanwhile, holdings of SPDR Gold Trust , the world's largest gold-backed exchange-traded fund, rose 0.15% to 962.01 tonnes on Thursday from 960.56 tonnes on Wednesday. Spot silver dipped 0.7% to $19.01 per ounce.2022-09-16T07:44:31+05:30 Kotak Business Cycle Fund: NFO ReviewThe scheme will invest 80 percent of the corpus in equity related securities as per the different business cycles. The portfolio will be focused on a few selected sectors which are likely to do well in a particular business cycle. 2022-09-15T16:19:47+05:30 Sector/thematic funds amass large inflows in 2022 on the back of exceptional returnsIn the calendar year 2022, sector funds have seen inflows worth Rs 12,584 crore. This includes net outflows of around Rs 1,266 crore in August. 2022-09-15T13:27:13+05:30 Should I invest a lumpsum in existing or new mutual fund schemes?If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.2022-09-15T12:32:03+05:30 ICICI Prudential Mutual Fund launches Nifty50 Equal Weight Index FundAccording to the fund house, the Nifty 50 Equal Weight Index invests in the top 50 stocks in India based on market capitalization. 2022-09-14T12:41:32+05:30 Are these mutual funds suitable for me?If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.2022-09-14T12:17:46+05:30 All you need to know about multi cap fundsAs per Sebi norms, multicap funds are those which have to invest â€‹25% of their portfolio in each capitalisation category. This means at least 25% each in large-cap companies, midcaps, and smallcap companies.2022-09-14T10:03:26+05:30 5 large cap mutual funds completed 25 years. Hereâ€™s how they performedOut of hundreds of schemes in the Indian mutual fund industry, only 50 have completed 25 years. And out of these 50, there are only five large cap funds. In this article we will examine how these large cap funds have performed over the last 25 years.2022-09-14T09:42:19+05:30 IDFC Mutual Fund launches Nifty100 Low Volatility 30 Index FundThe Nifty100 Low Volatility 30 Index follows a disciplined process of assigning a higher weight to less volatile stocks and a lower weight to high volatility stocks.2022-09-13T14:16:05+05:30 HDFC Mutual Fund launches three Smart Beta ETFsSmart Beta investing involves stock selection and weighting that is done based on pre-defined factors.2022-09-13T12:47:30+05:30 Mutual funds cut stake in RIL, Infy & TCS to buy many catch-up plays in AugustAmong them is Sona BLW Precision, a components manufacturer, where domestic fund managers bought an additional 3.62 crore shares to take the MF holding to 11.96 crore shares in August from 8.33 crore shares in July, valuing Rs 1,892 crore. This stock is down 27 per cent year-to-date.2022-09-13T12:25:58+05:30 Best mutual fund for a first-time investorIf you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.2022-09-13T12:10:58+05:30 Gold ETFs see continuous outflows due to lower returns, volatilityAccording to data from Association of Mutual Funds in India, there has also been a reduction in the number of folios with Gold ETF funds. The folios have gone down from 46,42,602 in July to 46,09,726 in August, 2022.2022-09-12T13:49:45+05:30 Fund Review: Mirae Asset Tax Saver FundThe fund portfolio has expanded but retains large positions in its top bets. It has replicated the fund houseâ€™s impressive track record of outperformance within a short span of time, but has seen a dip over the last year. Investors can take comfort in the proven capabilities of its fund manager to steer the fund in the right direction.2022-09-12T06:30:00+05:30 How to select the right target maturity mutual fund schemeInvestors must identify the right maturity buckets and align the time horizon of their goals with the fund tenure.2022-09-12T06:30:00+05:30
WAPCOS files DRHP with Sebi for IPO; govt to sell 3.25 crore sharesWAPCOS has ongoing projects in 30 countries and has been associated with over 455 overseas projects, both completed and ongoing. It was placed third among the top five Indian corporations for consulting services between 2017 and 2021. Some of its listed peers in the segment are Ircon International, Rites, Engineers India, NBCC, and Va Tech Wabag.2022-09-26T12:39:27+05:30 After losing one-third of its GMP, will Harsha Engineers surprise investors on listing?Shares of Harsha Engineers are losing steam in the grey market as sentiments turn sour in the secondary market. Over the issue price of Rs 330, the company's shares are being exchanged at a premium of Rs 160-165, which was Rs 240 at its peak.2022-09-24T10:50:13+05:30 Harsha Engineers IPO: Harsha Engineers Grey market premium hints at 50% gainThe Rs 755-crore Harsha Engineers IPO comprises the issuance of fresh equity shares worth Rs 455 crore, whereas existing shareholders and promoters will offload Rs 300 crore from the stake via offer for sale (OFS). The price band for the share sale has been fixed at Rs 314-330 apiece.2022-09-23T14:47:57+05:30 SoftBank slashes IPO-bound Oyoâ€™s valuation to $2.7 billionâ€‹Oyo, formally known as Oravel Stays Ltd., filed a fresh round of financial documents with Indiaâ€™s market regulator on Monday as it plans for a stock-market debut after cost cuts and recovery in travel helped it reduce losses.2022-09-23T05:48:27+05:30 Automotive component firm Divgi Torqtransfer Systems files IPO papers with SebiDivgi is an automotive component entity which has the capability to develop and provide system level transfer case, torque coupler, and Dual Clutch Automatic Transmission (DCT) solutions. It has three manufacturing and assembling facilities located across India.2022-09-22T18:11:12+05:30 Pepperfry looks to file draft IPO papers next quarterOmnichannel furniture seller Pepperfry is looking to file its draft initial public offering (IPO) papers with the Securities and Exchange Board of India (Sebi) between October and December, and aims to list on the stock exchanges next year, according to a person aware of the matter."They are looking to file the draft red herring prospectus (DRHP) in the subsequent quarter," the source said, adding that the company would take a final call by November.2022-09-22T05:47:24+05:30 Bank of America expects Indian IPO market to pick up within six monthsâ€œI think IPOs have taken a breather but it will be probably three to six months away from coming back,â€ Debasish Purohit, co-head of India investment banking at Bank of America, said in a Bloomberg Television interview on Wednesday. Some of last yearâ€™s IPO activity has more recently given way to sales of secondary shares, which are quicker and give holders a chance to monetize their stakes, Purohit said.2022-09-21T14:36:54+05:30 Wall Streetâ€™s mysterious 2,200% IPOs come from tiny N.J. brokerThe trend is eerily familiar to market participants in Hong Kong, which was a hotbed for mysterious moves in tiny stocks before a regulatory crackdown brought new offerings to a virtual halt. As small Chinese companies that might otherwise have listed in Hong Kong turn to the US as an alternative, Network 1 has emerged as one of the most active players in this growing corner of the market.2022-09-20T14:25:42+05:30 Harsha Engineers IPO Allotment: Here's how to check allotment status & GMPThe Rs 755-crore Harsha Engineers IPO consists of the issuance of fresh equity shares worth Rs 455 crore, whereas existing shareholders and promoters will offload Rs 300 crore from the stake via an offer for sale (OFS).2022-09-20T12:53:24+05:30 Inox Green Energy gets Sebi approval to float Rs 740-crore IPOThe company filed draft IPO papers with the capital market watchdog on June 20 this year, after which its received the update an observation letter from the regulator on September 13. Sebiâ€™s observation letter is suggestive of the regulatorâ€™s go ahead for the public issue.2022-09-20T09:06:17+05:30 Sebi keeps GoDigit IPO in abeyanceAccording to the draft documents, the company's customer base increased to 25.77 million in FY22 from 14.27 million in the year ago period. The group sold close to 7.76 million policies in FY22, compared to 5.55 million policies in FY21.2022-09-20T06:16:20+05:30 Sebi puts Fairfax Group-backed Go Digit's IPO in 'abeyance'In August, the Fairfax Group-backed company filed draft documents for its IPO, looking to raise Rs 1,250 crore from a fresh issue of shares and an offer for sale (OFS) of 109.4 million equity shares.2022-09-19T18:40:19+05:30 SoftBank-backed Oyo seeks to resurrect IPO after growth resumesOyo and founder Ritesh Agarwal are trying to pull off a successful IPO after a series of setbacks in their efforts to change the hotel and lodging industry. SoftBank Group Corp. founder Masayoshi Son was an early and enthusiastic backer, and the Japanese conglomerate holds about 47% in the Gurgaon-based startup. The 28-year-old Agarwal owns about one third.2022-09-19T11:07:07+05:30 Inox Green Energy plans to launch Rs 740-cr IPO in next 30-45 days: CEO Kailash TarachandaniThis is Inox Green Energy Services' second attempt to go public. In February, the company had filed the Draft Red Herring Prospectus (DRHP) for its proposed IPO with the markets regulator Sebi.2022-09-19T09:35:19+05:30 As US IPO market sinks, listings head to ChinaStock listings in Asia have raised $104 billion this year, accounting for a record 68% of global volume, data compiled by Bloomberg show. By contrast, US IPOs represent just 14% of the $153 billion fetched globally, the lowest ever for what has traditionally been the busiest listings market in the world.2022-09-18T09:28:28+05:30 Harsha Engineers IPO gets 74.7 times subscriptionThe IPO was a mix of a fresh issue of shares aggregating to â‚¹455 crore and an offer for sale of up to â‚¹300 crore. On Tuesday, the company raised â‚¹226 crore from anchor investors ahead of its public issue by allotting 68.41 lakhs shares to institutions.2022-09-17T10:03:44+05:30 Patanjali will launch at least 4 IPOs in next 5 years: Baba RamdevFollowing the announcement, shares of Patanjali Foods, which was earlier known as Ruchi Soya and eventually re-branded following the acquisition by Baba Ramdev-led Patanjali Ayurved, were trading 0.6 per cent higher at Rs 1,351 at 1 pm. The stock has rallied nearly 60 per cent year-to-date.2022-09-16T13:25:09+05:30 Mankind Pharma files DRHP for Rs 5,500 crore IPOThe companyâ€™s initial public offering comprises an offer for the sale of 4 crore equity shares by the promoters and existing investors.The offer for sale comprises up to 1 crore shares by promoter Juneja family, up to 2 crore shares by Capital International, up to 99.65 lakh by Beige, and up to 50,000 equity shares by Link Investment Trust.2022-09-16T12:20:22+05:30 Porsche IPO to comprise 911 million shares in nod to its most famous modelInvestor roadshows are due to complete this Friday, several sources said, allowing time for senior executives to hold discussions over the weekend before opening the book building process early next week.2022-09-16T11:16:41+05:30 TMB makes muted debut on listing day at IPO priceThe IPO consisted of the fresh issue of 15.8 million shares. The Thoothukudi-based private lender allotted 71,28,000 equity shares to 10 anchor investors ahead of the IPO, raising â‚¹363.53 crore at â‚¹510 apiece.2022-09-16T07:25:20+05:30 Govt drafts rules for IPOs of regional rural banksRRBâ€™s planning to make an initial public offering to raise capital must have at least Rs 300 crore of net worth for the previous three years, according to the draft guidelines, issued on Wednesday. They should also have their capital adequacy above the regulatory minimum level of 9%.2022-09-15T16:50:01+05:30 Harsha Engineers IPO subscribed 4.32 times on day 2 so farThe company has reserved 50 per cent of the net offer for qualified institutional buyers (QIBs), whereas non-institutional buyers (NIIs) will get a 15 per cent allocation. Retail bidders will get the remaining 35 per cent allocation.2022-09-15T13:28:55+05:30 Tamilnad Mercantile Bank shares list at 3% discount to IPO priceIncorporated in 1921, Tamilnad Mercantile Bank offers an array of banking and financial services to retail customers, micro, small, and medium enterprises (MSMEs), and more.2022-09-15T10:02:20+05:30 CIEL HR services expects to file DRHP by Q1 of next fiscal: Official"Very much (it is on track). First component is, we wanted to raise Rs 20 crore but we actually raised Rs 23 crore of which Rs 17 crore was through equity and Rs 6 crore by means of CCD (compulsory convertible debenture). Second, we are into private equity raise which is on track right now.2022-09-14T19:36:28+05:30 Harsha Engineers IPO sails through on Day 1 of bidding processThe issue, which kicked off for subscription on Wednesday, September 14, can be subscribed till Friday, September 16. The company will be selling its shares in the range of Rs 314-330 apiece to raise Rs 755 crore via its initial stake sale.2022-09-14T12:19:37+05:30 Harsha Engineers IPO kicks off: Should you subscribe?The company is selling its shares in the range of Rs 314-330 apiece. It is offering a discount of Rs 31 per equity share to its eligible employees. The lot size for the issue has been fixed at 45 equity shares.2022-09-14T10:06:41+05:30 Navi Technologies gets Sebi nod for initial public offeringNavi Technologies was issued the "observation letter" by Sebi on September 5, according to the latest update on the regulator's website.2022-09-12T18:54:42+05:30 Sector leader Harsha Engineers' IPO makes for a good long-term betThe operating margin of Harsha is stable and the pressure of higher raw material costs is passed through with a lag of around three months. The companyâ€™s return on equity (RoE) improved to 19% in FY22 from 6% in FY20 with increasing capacity utilization and improving product mix with higher diameter cages.2022-09-12T13:57:12+05:30 Tamilnad Mercantile Bank IPO: Here's how to check allotment status and GMPThe company's Rs 832 crore primary offering was sold in the range of Rs 500-525 per equity share. The issue had received a muted response from all the categories of investors, subscribing 2.86 times between September 5-7.2022-09-10T13:20:49+05:30 Harsha Engineers IPO to open Sep 14, price band set at Rs 314-330/ShareIn the IPO, 50% of the shares will be reserved for qualified institutional buyers. Non-institutional bidders and retail individual bidders will be allotted 15% and 35%, respectively. Proceeds from the fresh issue of up to Rs 270 crore will be utilised for debt repayment, the company said.2022-09-10T08:10:47+05:30 Harsha Engineers trades at 60% premium in grey market ahead of IPOAhmedabad-based Harsha Engineers has five manufacturing facilities with two facilities at Changodar and one at Moraiya, near Ahmedabad in Gujarat, and one manufacturing unit each at Changshu (China) and Ghimbav Brasov (Romania).It claims to have a 50 per cent market share in the organised segment of the Indian bearing cages market and a 5.2 per cent market2022-09-09T15:16:05+05:30 A 100-year-old Indian bank set to raise $100 million amid curbsThe demand to invest in the Tamil Nadu-based bank hasnâ€™t been deterred by minority shareholdersâ€™ objections and various curbs imposed on it. The lender needs permission from a high court to hold annual shareholder meetings and has been restricted by the central bank from opening new locations.2022-09-09T10:42:57+05:30 Harsha Engineers IPO to open Sept 14; price band fixedHarsha Engineering offers a diverse suite of precision engineering products across geographies and end-user industries, including automotive, aviation and aerospace, railways, construction, mining, renewable energy, agriculture and more. The company has five manufacturing facilities.2022-09-09T08:47:34+05:30 Aprameya Engg files draft papers for IPOMedical equipment manufacturer Aprameya Engineering has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering.2022-09-09T07:03:48+05:30 More Retail plans to go the IPO way for growthThe IPO will allow Samara Capital an opportunity to dilute its 51% stake in the holding company of More Retail, Witzig Advisory Services. Samara Capital owns the stake through Samara Alternate Investment Fund. The balance 49% in Witzig is owned by Amazon through two entities - Coda Holdings Singapore and Coda Holdings LLC.2022-09-09T05:29:01+05:30 Porsche listing sees huge interest, only some investors question dual role - BlumeAttracting interest from a broad range of investors was important, Blume said, declining to comment on what proportion of Porsche shares Volkswagen plans to offer to retail investors as part of the planned flotation.2022-09-08T17:11:06+05:30 TMB's grey market premium shoots up; can it surprise despite muted response to IPO?As of Thursday, shares of TMB were commanding a premium of Rs 20-25 in the unofficial market, which was Rs 3 a day ago, when the issue closed for subscription. Despite the rise, the premium is still less just five per cent compared to the IPO price.2022-09-08T15:38:15+05:30 TMB public issue gets 2.86x bids on closing dayThe public issue was sold in the price band of â‚¹500-525. The private lender raised â‚¹363.53 crore on Friday by allotting 71,28,000 shares to 10 anchor investors at â‚¹510 apiece.2022-09-08T06:30:20+05:30 Dreamfolks lists with 55% gain over issue priceAnalysts attribute the listing gains to the company's bright prospects and strong response from investors. "The company will be one of the biggest beneficiaries of the rising air travel in India, and due to its first mover advantage and dominant position in the lounge access market, the company is poised to grow exponentially in the future," aid Santosh Meena, head of research at Swastika Investmart.2022-09-07T06:22:40+05:30 Inox Wind to become debt-free after IPOThe entire money thus raised will be used to retire debt, a statement from the company said on August 30.According to the DRHP, the entire proceeds from the IPO (Initial Public Offering) will also be used to retire debt and post-issue which will be entirely fresh issue of shares, the company will be net debt-free.2022-09-06T20:50:33+05:30 Porsche IPO only off the table if severe geopolitical problems arise, CFO saysVolkswagen triggered a listing of sportscar brand Porsche late on Monday after months of deliberation, but cautioned the move was still subject to developments in capital markets.Some investors criticised the timing for a stock market debut, with European shares on a downward spiral, inflation at record highs and Russia halting gas supply to Europe through the main Nord Stream 1 pipeline.2022-09-06T14:03:21+05:30 Vaibhav Jewellers files draft papers to mop-up funds via IPO As per the Technopak report, in FY21, the company had an approximate market share of 14 per cent of the organised market. Other key players that have presence in Andhra Pradesh and Telangana are-- Tanishq, Kalyan Jewellers, Malabar Gold Pvt Ltd, GRT Jewellers and Joyalukkas.2022-09-06T12:39:02+05:30 TMB IPO fully subscribed on Day 2 of bidding processTMB is one of the oldest and leading old private sector banks in India with a history of almost 100 years. It has a loyal customer base as 79.78 per cent of its customers have been associated with the bank for a period of more than five years2022-09-06T11:18:44+05:30 Sebi clears IPO of Concord EnviroGoing by the draft papers, proceeds from the fresh issue will be used for investment in the company's arm Concord Enviro FZE in relation to financing the construction of an assembly unit in Sharjah International Airport Free Zone.2022-09-06T06:37:36+05:30 Blue Jet Health files papers for Rs 1,800-cr IPOThe public issue is entirely an offer-for-sale (OFS) of up to 21.7 million shares by the promoters and other shareholders to the tune of around â‚¹1,800 crore, said bankers. The company operates under the "Blue Jet" brand offering niche products targeted at innovator pharmaceutical companies and multinational generic pharmaceutical companies.2022-09-06T06:25:08+05:30 Tamilnad Mercantile Bank IPO subscribed 83% on Day 1The initial public offer of 1.58 crore equity shares is in a price range of â‚¹500-525 per share. Private sector lender Tamilnad Mercantile Bank on Friday mobilised a little over â‚¹363 crore from anchor investors. The issue will conclude on September 7. At the upper end of the price band, the bank is expected to mobilise â‚¹831.6 crore through the IPO.2022-09-06T06:15:26+05:30 Swastik Pipes gets nod for NSE Emerge IPOThe company had recently filed a draft red herring prospectus (DRHP) with NSE Emerge.The company has been a leading manufacturer and exporter of TT Swastik Band high-quality Mild Steel/Carbon Steel ERW Black and Galvanized Pipes/Tubes since 1973. It has two plants in Haryana and Uttar Pradesh, with production capacity of 20,000 MT per month2022-09-05T19:42:33+05:30 Concord Enviro Systems gets Sebi nod for IPOThe company in consultation with merchant bankers to the issue may consider a right issue, private placement, preferential issue of equity shares or any other method aggregating up to Rs 35 crore. If such placement is completed, the fresh issue size will be reduced.2022-09-05T16:26:58+05:30 Tamilnad Mercantile Bank IPO subscribed 30% on Day 1 of bidding processThe issue has attracted bids for 27,48,396 shares or 0.32 times the issue size of 87,12,000 shares. The quota reserved for retail individual investors (RIIs) was subscribed 0.76 times, qualified institutional buyers by 0.30 times and NII by 0.08 times.2022-09-05T13:58:52+05:30 Blue Jet Healthcare files draft papers with Sebi for IPOBlue Jet Healthcare is promoted by its Executive Chairman Akshay Bansarilal Arora. The company operates under the â€œBlue Jetâ€ brand name and has competencies and manufacturing capabilities in contrast media intermediates and high-intensity sweeteners, including saccharin and its salts as well as active pharmaceutical ingredients.2022-09-05T12:02:52+05:30