Popular Vehicles and Services share price: Popular Vehicles and Services shares list at 2% discount to IPO price

The shares of Popular Vehicles and Services debuted on the exchanges with a discount of 2% on Tuesday. The stock listed at Rs 289.2 on NSE, compared to an offer price of Rs 295. Meanwhile, the stock listed at Rs 292, down 1% on BSE. Ahead of the listing, the company’s shares had no premium … Read more

ICICI Securities: Retail chorus against ICICI Sec’s delisting gets louder as EGM nears

Mumbai: Both the management and minority shareholders of India’s leading broking firm, ICICI Securities, are gearing up for the extraordinary general meeting (EGM) scheduled on March 27 for the firm’s delisting. At this meeting, approval for the company’s scheme of arrangements with ICICI Bank will be sought. While the company has engaged the services of … Read more

Popular Vehicles: At Popular Vehicles, job cards score over sales, making its issue a long-term bet

ET Intelligence Group: Popular Vehicles & Services, a car dealership chain with a presence in Kerala, Tamil Nadu, Karnataka and Maharashtra, is planning to raise up to ₹601 crore from an initial public offering. The amount includes a fresh issue of shares worth ₹250 crore, with the proceeds to be used for the repayment of … Read more

Owais Metal and Mineral Processing share price: Owais Metal and Mineral Processing debuts with 187% premium over IPO price

After a successful IPO, the shares of Owais Metal and Mineral Processing debuted on the NSE SME platform on Monday with a premium of 187.4%. The stock was listed at Rs 250 as against an issue price of Rs 87. Ahead of the debut, the GMP of Owais Metal was robust at Rs 140. The … Read more

RK Swamy IPO: RK Swamy IPO has lots going for a good bet

ET Intelligence Group: Integrated marketing services provider RK Swamy plans to raise up to ₹423.5 crore through an initial public offering (IPO). This includes a fresh issue of ₹173 crore and an offer for sale (OFS) of ₹250.5 crore. Promoters Srinivasan K Swamy and Narasimhan Krishnaswamy and investors such as Evanston Pioneer Fund LP and … Read more

Thai Casting share price: Thai Casting debuts with 141% premium on NSE SME platform

The shares of Thai Casting listed with a premium of 141.4% on the NSE SME platform on Friday. The stock debuted at Rs 185.9 as against an issue price of Rs 77. Ahead of the listing, the company’s shares traded with a premium of Rs 70 in the unlisted market. The IPO, which is an … Read more

BSA bikes: Classic Legends to set up plant in UK to manufacture BSA bikes

Mumbai: BSA, the legendary British motorcycle brand, is set to make deeper inroads in the UK with Mahindra & Mahindra-owned Classic Legends, the brand’s new owner, gearing up to start building a new factory in the UK from the next financial year. These motorcycles will be produced in the UK for the domestic market and … Read more

market capitalisation: RIL m-cap crosses Rs 20 lakh crore, company world’s 48th most valuable

Reliance Industries became the first Indian company to reach Rs 20 lakh crore in market capitalisation. The energy-to-telecom conglomerate’s market value stood at Rs 20.04 lakh crore ($238.7 billion) on Wednesday, catapulting it into the list of world’s most valuable corporations. Surpassing behemoths like Pepsico, Novartis, Industrial and Commercial Bank of China, and SAP in … Read more

IRB Infra: IRB Infra in talks to tap overseas bond market

Mumbai: IRB Infrastructure, backed by Singapore’s GIC, is exploring the overseas bond market to raise $300 million, mainly to refinance the earlier bonds. The company is in talks with Barclays, Deutsche Bank and JP Morgan to give the fundraising mandate. Proceeds will be used to refinance the earlier bond raised in 2021. Back then, IRB … Read more

Tata Consultancy Services: TCS m-cap tops Rs 15 lakh crore as shares jump to lifetime high

Mumbai: Tata Consultancy Services crossed ₹15 lakh crore in market capitalisation on Tuesday, becoming only the second Indian company to do so after Reliance Industries. Overall strength in the technology space helped shares of the flagship company of the Tata group surge 4.4% intraday to a lifetime high of ₹4,149.9, before closing 4% higher at … Read more