Market News

Devyani International IPO: Other reason for increase in grey market premium could be the recent healthy listings of Zomato, Tatva Chintan Pharma, Clean Science, GR Infraprojects etc.

The company after consultation with merchant bankers will disclose the details about price band and lot size of IPO in the coming week.

Ravi Kant Jaipuria, Varun Jaipuria, and RJ Corp are the promoters of the company, having 75.79 percent shareholding as of now.

Krsnaa Diagnostics IPO will be among four public issues to open on August 4 along with Devyani International, Windlas Biotech, and Exxaro Tiles.

Investors have put in bids for 74.15 crore equity shares against offer size of 56.85 lakh equity shares, the subscription data available on exchanges showed.

Exxaro Tiles IPO: The company will utilise the net proceeds from fresh issue for repaying debt (Rs 50 crore), and working capital requirements (Rs 45 crore).

Devyani International IPO: Investors seem to be more excited about the issue, especially after the great success of IPOs of Zomato and Barbeque Nation Hospitality.

The net proceeds from its fresh issue will be utilised for repaying of debt (Rs 50 crore), and working capital requirements (Rs 45 crore).

Tatva Chintan traded with volumes of 78.60 lakh equity shares on the NSE and 8.99 lakh shares on the BSE

Tatva Chintan Pharma Chem IPo shares gained more than 100 percent in one of the strongest listings in 2021. GR Infraprojects rallied 108.7 percent and Indigo Paints climbed 109.31 percent on listing day

Rolex Rings IPO has, so far, received bids for 2.87 crore equity shares against an initial public offering size of 56.85 lakh equity shares

Glenmark Life is planning to raise Rs 1,513.6 crore through its IPO, which comprises a fresh issue for Rs 1,060 crore and an offer for sale of 63 lakh equity shares by Glenmark Pharma

Tatva Chintan IPO was subscribed 180.35 times. The specialty chemical company will utilise net proceeds from its fresh issue to expand its manufacturing facility in Dahej and upgrade the RD facility in Vadodara

Windlas Biotech IPO: Promoter Vimla Windlass will sell 11.36 lakh equity shares, and investor Tano India Private Equity Fund II will offload its entire stake of 40,06,067 equity shares (or 22 percent of pre-offer paid up equity) via offer for sale.

The company will separately announce price band and lot size for its IPO in coming few days. The issue will close on August 6.

Broader markets mirrored the uptrend, as the midcap and smallcap indices hit fresh record highs of 23,344.49 and 27,106.46, respectively

Among sectors, the Nifty pharma index added 3.6 percent, while the auto index rose nearly a percent. However, some selling was seen in the metal and financial names.

On the BSE, metal and realty indices rose 1.5-5 percent, while selling was seen in the oil gas, power and FMCG names. BSE midcap and smallcap indices rose 0.4-0.9 percent

BSE midcap index ended flat, while smallcap index fell 0.4 percent.

On the BSE, healthcare and power indices lost 1.5-3 percent, while the metal index added 1.6 percent

Among sectors, the Nifty energy index shed a percent, while bank, auto and PSU bank indices ended lower. Some buying was seen in metal, pharma, and IT names

Broader markets underperformed the benchmarks, with BSE midcap and smallcap indices ending flat

Broader markets outperformed the benchmarks, with BSE midcap and smallcap indices rising 1.5 percent each

More than 400 stocks, including Vimta Labs, Mastek, Grasim Industries and JSW Energy, hit a fresh 52-week high on the BSE

BSE midcap and smallcap indices ended in the green.

BSE midcap and smallcap indices rose 0.4-0.6 percent.

On the BSE, except power, all other sectoral indices ended in the red, with metal, auto and bank indices down 1-2.4 percent.

BSE midcap and smallcap indices ended in the green.

BSE midcap index ended marginally higher, while smallcap index fell 0.26 percent.

On the BSE, bank, metal and realty indices added 1-3 percent, while selling was seen in the names.

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