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HDFC Mutual Fund launches two Smart Beta ETFs

Smart Beta investing involves stock selection and weighting based on factors, rather than size, as defined in the underlying index methodology by NSE Indices Limited (NIFTY 50).
2022-09-29T12:11:10+05:30

ICICI Prudential Mutual Fund launches Transportation and Logistics Fund

"With muted performance in the last couple of years, we believe the theme is coming out of the woods and there are more legs to recovery,” says Chintan Haria, Head - Product Development and Strategy, ICICI Prudential AMC.
2022-09-29T12:07:42+05:30

Inclusion of India into foreign bond indices could be a mixed blessing

India opening up not only benefits India to diversification but also helps global investors with diversification in their portfolio.
2022-09-29T10:52:59+05:30

My best investment is discipline of investing in equities: Ajay Tyagi of UTI AMC

“I would say more than any material financial goals like buying a house, buying a car, funding a child’s education, my biggest financial goal was to gain some amount of independence, some amount of mental security. My investment portfolio has done just that. My worst investment in a way came in the first couple of years where I invested into bonds because I wanted to save tax but from a slightly longer term perspective, that did not provide the returns which the other asset class like equity has provided.”
2022-09-29T09:01:00+05:30

Want to time the market? Consider Balance Advantage Funds: Suresh Soni

"Equity funds continue to witness healthy flows. SIPs remain popular and continue to grow, both in terms of a number of accounts as well as gross amounts. Recent mutual fund NFOs, including our Flexi cap fund, have seen healthy inflows. The Debt funds’ AuM - ex overnight and liquid funds, has actually shrunk. Investors with a medium-term horizon should consider short to medium-term funds and credit risk funds."
2022-09-29T09:00:00+05:30

D-Street indices extend slide, decline nearly 1%

The Indian rupee slipped to its fresh all-time lows of 81.94 ahead of the Reserve Bank of India's policy announcement on Friday, when the central bank is expected to raise rates.
2022-09-29T06:36:02+05:30

Thanks to Navi Mutual Fund, you can now invest Rs 10 in a mutual fund

Navi Mutual Fund has reduced the minimum application amount across its schemes to Rs 10.
2022-09-28T15:24:32+05:30

Should I sell Aditya Birla Sun Life Tax Relief 96?

If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2022-09-28T14:24:05+05:30

74% mid cap funds underperformed in seven years; are you investing?

The mid cap category has also underperformed its benchmark in both the five and seven-year horizons.
2022-09-28T13:29:11+05:30

Aditya Birla Sun Life Mutual Fund launches Multi-Index Fund Of Funds

A multi-index fund of funds invests in passively managed instruments such as ETFs and Index Funds of equity and equity-related instruments (domestic index funds & ETFs as well as overseas ETFs ), fixed income securities, Gold / Silver.
2022-09-28T11:52:26+05:30

Invest in equities with confidence, through cycles to realise its full potential: Anoop Bhaskar of IDFC MF

“Returns from April 2020 are clearly unsustainable and should not be used as a referral point for future. Given the liquidity equity and especially equity mutual funds offer should also be an integral part while allocating for the future,” says Anoop Bhaskar.
2022-09-28T09:52:05+05:30

Edelweiss Mutual Fund launches two target maturity index funds

Edelweiss CRISIL IBX 50:50 Gilt Plus SDL June 2027 & Edelweiss CRISIL IBX 50:50 Gilt Plus SDL April 2037 Index Fund will invest in a mix of Indian Government Bonds (IGBs) and State Development Loans (SDLs).
2022-09-28T09:21:38+05:30

Indexation in debt mutual funds, simplified for new investors

One reason why rich investors prefer debt mutual funds is the benefit of indexation available, a facility not available with both bonds and fixed deposits.
2022-09-28T09:12:27+05:30

Should you invest in largecap or flexicap mutual funds?

“Even if the investor skews his portfolio to a flexicap category, be rest assured that he or she will have at least 60-65% in the largecap more or less. But if he or she is skewing it to a smallcap category, I would be a little worried from a risk and volatility standpoint. Second, in the flexicap category, the average alpha generated is 5.31% whereas in the largecap category, it is 2.38%.”
2022-09-28T09:01:00+05:30

Manufacturing sector is firing now; look for dips: Pankaj Tibrewal of Kotak MF

“Across the sectors, we are sensing that whether it be SME, whether it be medium size, whether it be large corporates, all companies across the value chain are saying that the demand momentum is extremely strong. So manufacturing remains a medium to long-term theme and after a long time, apart from the consumption engine, the manufacturing engine is firing in my view.”
2022-09-27T12:35:27+05:30

Best mutual funds to create Rs 2 crore in 15 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.
2022-09-27T10:22:17+05:30

‘Do not blindly go for a fund that has the lowest expense ratio’

Investors eyeing to make the most of this amazing India growth story, investing in mutual funds through actively or passively managed schemes seem to be an ideal strategy.
2022-09-27T07:55:24+05:30

Mutual funds rush to launch passive debt funds; 8 NFOs open, 12 more in pipeline

Fund houses have filed drafts for as many as 12 new passive debt funds with the Securities and Exchange Board of India. ABSL Mutual Fund and HDFC Mutual Fund are leading with the maximum number of drafts.
2022-09-27T07:15:44+05:30

Over next few months, volatility to offer natural opportunity for long-term investors: Vinit Sambre

“One 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.”
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 experts
2022-09-26T13:06:37+05:30

8 ELSS or tax saving mutual funds complete 25 years; 6 offer 15-23% CAGR

The ELSS category manages a whopping Rs 1.5 lakh crore, as on August 31. These schemes have come a long way from offering a maximum tax deduction of Rs 10,000 in a financial year in 2006 to Rs 1.5 lakh today.
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 week

According 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 years

Not 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 Fund

Nifty 50 equal weight index concentrates on sectors like financial services, automobile and automotive components, FMCG, healthcare and IT
2022-09-23T14:13:59+05:30

Tata Mutual Fund launches CRISIL-IBX GILT Index – April 2026 Index Fund

The 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-efficiency

TMFs 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 focus

Liquidity 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 horizon

Among 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-Aug

With 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 Fund

The 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 risk

Debt 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 funds

SBI 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 Shah

“I 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.”
2022-09-21T10:11:00+05:30

Small cap mutual funds can reward patient investors

There 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 retirement

If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2022-09-20T12:26:52+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 meet’s outcome would be relatively less on India. “We 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,” he said.
2022-09-20T10:39:49+05:30

Three value funds that offered 15% plus returns since inception

Value 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 investments

The 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 India’s inclusion in global bond index means for debt mutual fund investors

Given uncertanities, experts suggest avoiding incremental investments in long duration funds or bonds.
2022-09-19T06:30:00+05:30

SBI Magnum Midcap Fund: Fund Review

The 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 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.
2022-09-16T12:17:52+05:30

Silicon Rental Solutions SME IPO: Price band and other details

SRSL is engaged in providing end to end IT equipment on a rental and returnable basis in India and it serves over 275 customers, across different business sectors, located at over 16 states and three union territories of India, the company said in a press release.
2022-09-29T19:22:12+05:30

Enviro Infra Engineers, Udayshivakumar Infra file IPO papers with Sebi

The IPO of Enviro Infra Engineers consists of sale of 95 lakh equity shares with no Offer-For-Sale (OFS) component, according to the Draft Red Herring Prospectus (DRHP). Going by the draft papers, Udayshivakumar Infra's IPO consists of fresh issue of equity shares aggregating to Rs 60 crore.
2022-09-29T18:29:45+05:30

Porsche ignites blockbuster IPO, defying market turmoil

Even as markets worldwide suffer from surging inflation and mounting recession fears, the maker of the 911 sports car has pushed ahead with the bold flotation that gives Porsche a valuation of more than 76 billion euros.
2022-09-29T15:45:30+05:30

IPO Tracker: Average listing gain moderates in first half of FY23 to 12%

In comparison to 2021-22, the response of retail investors also moderated, the database showed. The average number of applications from retail dropped to 7.57 lakh, in comparison to 15.56 lakh in 2021-22. The highest number of applications from retail was received by LIC (32.76 lakh) followed by Harsha Engineers (23.86 lakh) and Campus Activewear (17.27 lakh).
2022-09-29T15:13:22+05:30

Porsche to debut amid market tumult in historic IPO

Porsche was and is the pearl in the Volkswagen Group," Chris-Oliver Schickentanz, chief investment officer at fund manager Capitell, said. "The IPO has now made it very, very transparent what value the market brings to Porsche. That, of course, also has a positive effect on Volkswagen shareholders.
2022-09-29T07:42:27+05:30

Sebi set to allow confidential pre-filing of IPO documents

The regulator's board, which will meet on September 30, will also clear a proposal to bring buying and selling by mutual funds under insider trading rules; they are currently excluded. The move comes in the wake of the Franklin Templeton episode in which some executives were accused of insider trading.
2022-09-29T06:15:36+05:30

Cargosol Logistics SME IPO opens. All details here

According to the draft prospectus, the proceeds of the issue shall be to purchase vehicles for a commercial purpose; purchase containers for expansion of the non-vessel owning common carrier division; meet working capital requirements; general corporate purpose and meet issue-related expenses.
2022-09-28T20:05:15+05:30

Electronics Mart India IPO to open on Oct 4; sets price band at Rs 56-59/share

Electronics Mart India Ltd (EMIL) was founded by Pavan Kumar Bajaj and Karan Bajaj as a proprietary concern with a consumer durables and electronics store under the name of Bajaj Electronics.The company had 112 stores across 36 cities as of August this year.
2022-09-28T18:55:54+05:30

Electronics Mart India IPO to kick off on Oct 4; price band fixed

Electronics Mart India is the fourth largest consumer durable and electronics retailer in India. Its offerings include more than 6,000 SKUs (stock keeping units) across product categories from over 70 consumer durable and electronic brands.
2022-09-28T07:55:25+05:30

Govt-owned WAPCOS files draft papers for public issue

The company engaged in engineering consultancy services and construction has ongoing projects in 30 countries. Some of its listed peers in the segment are Ircon International, Rites, Engineers India, NBCC, and VA Tech Wabag.
2022-09-27T06:25:58+05:30

Strong debut by Harsha Engineers, up 36% over IPO

Harsha Engineers International made a strong debut on Monday in a weak market, with its shares listing at ₹450 on the NSE, a premium of 36% over its issue price of ₹330.
2022-09-27T06:21:58+05:30

Swastik Pipe SME IPO to open on Sept 29, price band fixed at Rs 97-100

Swastik Pipes is promoted by Sandeep Bansal, Anupama Bansal, Shashwat Bansal and Geeta Devi Aggarwal. The company has been a leading manufacturer and exporter of T.T. Swastik Band high-quality mild steel/carbon steel ERW black and galvanized pipes/tubes since 1973.
2022-09-26T20:14:05+05:30

WAPCOS files DRHP with Sebi for IPO; govt to sell 3.25 crore shares

WAPCOS 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% gain

The 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 Oyo’s valuation to $2.7 billion

​Oyo, formally known as Oravel Stays Ltd., filed a fresh round of financial documents with India’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 Sebi

Divgi 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 quarter

Omnichannel 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 months

“I think IPOs have taken a breather but it will be probably three to six months away from coming back,” Debasish Purohit, co-head of India investment banking at Bank of America, said in a Bloomberg Television interview on Wednesday. Some of last year’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 Street’s mysterious 2,200% IPOs come from tiny N.J. broker

The 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 & GMP

The 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 IPO

The 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. Sebi’s observation letter is suggestive of the regulator’s go ahead for the public issue.
2022-09-20T09:06:17+05:30

Sebi keeps GoDigit IPO in abeyance

According 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 resumes

Oyo 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 Tarachandani

This 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 China

Stock 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 subscription

The IPO was a mix of a fresh issue of shares aggregating to ₹455 crore and an offer for sale of up to ₹300 crore. On Tuesday, the company raised ₹226 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 Ramdev

Following 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 IPO

The company’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 model

Investor 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 price

The 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 ₹363.53 crore at ₹510 apiece.
2022-09-16T07:25:20+05:30

Govt drafts rules for IPOs of regional rural banks

RRB’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 far

The 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 price

Incorporated 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 process

The 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 offering

Navi 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 bet

The 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 company’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 GMP

The 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/Share

In 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 IPO

Ahmedabad-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 market
2022-09-09T15:16:05+05:30

A 100-year-old Indian bank set to raise $100 million amid curbs

The demand to invest in the Tamil Nadu-based bank hasn’t been deterred by minority shareholders’ 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 fixed

Harsha 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 IPO

Medical 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 growth

The 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 - Blume

Attracting 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 day

The public issue was sold in the price band of ₹500-525. The private lender raised ₹363.53 crore on Friday by allotting 71,28,000 shares to 10 anchor investors at ₹510 apiece.
2022-09-08T06:30:20+05:30

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