The infrastructure push in the country has been gaining momentum steadily. Last week Reliance Infra raised up to Rs.550 crore by preferential allotment of shares to reduce debt and fund future growth. Adani group has incorporated a new wholly-owned subsidiary Adani Cement Industries increasing the competitiveness in the booming cement sector which is expected to do well in the coming years....
Adani Group plans launch IPO and hive off it’s airport business
The Adani Group has begun preliminary talks to separate its airport business from the holding entity Adani Enterprises Ltd. It is expected to raise $500 million through a private placement of shares in Adani Airports Holdings. Adani controls Mumbai airport, India’s second busiest, as well as six regional facilities –...
Initial Public Offering (IPO) is a process through which private companies offer fresh shares to public investors for raising funds. When shares are issued for the first time by any private company then it is known as Initial Public Offering (IPO) and when additional shares are issued by a public company post-Initial Public Offering it is called a follow-on public offering.
Initial Public...
Upcoming IPO
Supriya Lifescience IPO
Supriya Lifescience has filed for preliminary papers with SEBI to raise 120 Crore through IPO. It is one of India’s key manufacturers and suppliers of API with its focus on research and development. The IPO is said to issue fresh equity shares worth Rs200 Cr and an offer for sale of up to Rs 1,000 Crore by its promoter Satish Waman Wagh. The proceeds...
20% salary of mutual fund managers to come by way of scheme units: SEBI
A minimum of 20% of a fund manager’s salary shall be paid in the form of units of mutual fund schemes that they manage. Aside from fund managers, all other “key employees” of the fund house will also be covered, such as the chief executive officer, chief investment officer, and other employees that the fund house...
The IPO market is expected to see a variety of major big releases, thanks to the strong market momentum that guided Sensex and Nifty to record highs in 2021. Investing in IPOs means a chance to get it in quick, get it in easy, and make a big profit. Some IPOs do extremely well, although others have a terrible reaction from investors.
Despite the pandemic completely decimating the third and...
Company Overview:
Indigo Paints Limited was founded in the year 2000 as the manufacturer of low-end cement paints. Right from the start, the company had a clear focus on establishing a vast distribution network to extend its reach across India.
Company’s Product Portfolio:
The company has expanded its range of products by including water-based paints like emulsions (interior and...
The Indian Railway Finance Corporation (IRFC) has announced an IPO to be launched on January 18, 2021. The IPO price band is Rs.25 to Rs.26 per equity share and the lot size is 576 shares.
About the company
IRFC was founded in 1986 with the objective of borrowing funds from the markets to finance the creation and/or acquisition of assets to be leased to the Indian Railways. It is a...
Mrs. Bectors Food Specialities Ltd is one of the leading companies in the premium and mid-premium biscuits segment and the premium bakery segment in North India. They have come up with an IPO which opens on 15th December 2020 and closes on 17th December 2020. Please find below some basic details :-
Price band – 286 – 288 per share
Bid lot – 50 shares and in multiples of 50...
1. Pradhan Mantri Awas Yojna (PMAY)
Pradhan Mantri Awas Yojana is an initiative by the Government of India in which affordable housing will be provided to the urban poor with a target of building 20 million affordable houses by 31 March 2022. Some defined benefits of PMAY are given below:-
Avail subsidy upto 2.67 Lakhs*Interest subsidy at a rate of 6.5%* for a tenure of upto...