Posts

Showing posts from October, 2024

Sagility India Limited’s Initial Public Offering to open on Tuesday, November 05, 2024...

Image
Sagility India Limited’s Initial Public Offering to open on Tuesday, November 05, 2024, price band set at ₹28/- to ₹30/- per Equity Share Photo:  (L-R) Sarvabhouman Doraiswamy Srinivasan, Group Chief Financial Officer, Ramesh Gopalan, Managing Director and Group CEO Mumbai, October 30, 2024:  Sagility India Limited, provides technology-enabled business solutions and services to clients in the U.S. healthcare industry, has fixed the price band of  ₹28/-  to  ₹30/-  per Equity Share of face value ₹10/- each for its maiden initial public offer. The Initial Public Offering (“ IPO ” or  “Offer” ) of the Company will open on  Tuesday, November 05, 2024 , for subscription and close on  Thursday, November 07, 2024 . Investors can bid for a minimum of 500   Equity Shares and in multiples of 500   Equity Shares thereafter. The IPO is entirely an offer for sale of up to 702.20 million equity shares by Sagility B.V, the Promoter Selling Shareholder. The offer includes a discount of Rs 2 for eligib

Afcons Infrastructure Limited

Image
Afcons Infrastructure Limited’s Initial Public Offering to open on Friday, October 25, 2024, price band set at ₹440/- to ₹463/- per Equity Share (L-R)  Mr. Ramesh Kumar Jha, CFO,  Mr. Paramasivan Srinivasan, MD, Mr. Subramanian Krishnamurthy, Executive Vice Chairman, Mr. Hitesh Kumar Singh, Head – Corporate Strategy, Afcons Infrastructure Limited  at their IPO announcement held in Mumba i Mumbai, October 21, 2024:  Afcons Infrastructure Limited, the flagship infrastructure, engineering and construction company of the Shapoorji Pallonji group, has fixed the price band of  ₹440/-  to  ₹463/-  per Equity Share of face value ₹10/- each for its maiden initial public offer. Last week, Afcons Infrastructure raised Rs 2,967 crore from the company’s management, individual and institutional investors in a pre-IPO placement. The pre-IPO book included names like GIC Singapore, Enam Holdings (Akash Bhanshali), Synergy Capital, 360 One, M&G Investments, Think Investments, Discovery Capital Manag

Utkarsh Small Finance Bank

Image
Utkarsh Small Finance Bank Expands in Maharashtra, Launches a New Banking Outlet in Kalyan With this, the Bank has 78 banking outlets in Maharashtra and 969 banking outlets across the country . Kalyan, 18 th  October, 2024 –  Utkarsh Small Finance Bank Limited (Utkarsh SFBL), today announced the inauguration of its new banking outlet in Kalyan, Thane Maharashtra. With this launch, the Bank continues to strengthen its presence in the state, ensuring greater access to banking services for the local communities. Commenting on the expansion, Mr. Govind Singh, MD & CEO, Utkarsh Small Finance Bank Limited said,  “We are delighted to expand our banking network in Maharashtra. Kalyan, with its rich cultural heritage and growing urbanisation, offers immense potential for economic development. Our new banking outlet will enable the local community to access essential banking services, contributing to financial inclusion and growth in the region.” The Bank is in a position to provide an array

America’s favourite smoothie brand Jamba is all set to debut in India

  America’s favourite smoothie brand Jamba is all set to debut in India Mumbai,17th October, 2024:  After captivating taste buds worldwide with over 850 locations across 36 states in the US and countries like Australia, Singapore, The Philippines, Taiwan, South Korea, Thailand, and Indonesia, Jamba, an American quick-service restaurant, known for its Whirl'd-famous smoothies is about to open its 1st outlet in India later this year. This significant expansion for the brand brings its freshly blended smoothies to   a new market. The Jamba location in Bandra West, Mumbai is designed for people who are always on the move, offering a convenient and enjoyable experience with in-store dining options as well as grab-and-go. Jamba began its journey in 1990 with a simple yet powerful mission: to serve customers delicious products that support a healthier lifestyle. From its humble beginnings as a single store 30 years ago, Jamba has grown into a worldwide beloved brand renowned for its premi

Bikaji....

Image
Bikaji forays into the QSR segment through a planned strategic investment to acquire controlling stake in The Hazelnut Factory   Bikaji Foods International Strengthening its Position in the Premium Bakery & Patisserie Segment India, 16th October 2024 –  Bikaji Foods International Limited (Bikaji) , one of India’s largest ethnic snacks brands, has announced  that, Bikaji Foods Retail Limited (“BFRL”), Wholly Owned Subsidiary of Bikaji Foods International Limited, will make a strategic investment of   INR 131.01 Crores  for an acquisition of  53.02%  stake  in  Hazelnut Factory Food Products Private Limited (“The Hazelnut Factory / (THF)”),  a Café cum Artisanal sweets brand based in Lucknow. This investment will be done in tranches and is expected to be completed in next 2 years. Through this acquisition, Bikaji aims to set up a  House of Brands  to cater to unique customer tastes and preferences and establish Bikaji as a key player in the  Quick Service Restaurant ( QSR) domain. Th

Lakshya Powertech Limited..

  Lakshya Powertech Limited’s Initial Public Offering to open on October 16. Company raises Rs. 13.39 Crore from Anchor Investors Mumbai October 15, 2024:  Ahmedabad-based Lakshya Powertech Limited (the “Company”), Initial Public (“IPO” or “Offer”) to open on October 16   and will close on October 18. The company is engaged in the business of providing Engineering, Procurement, Construction, and Commissioning (EPCC) services, tailored for projects spanning the Oil and Gas, Power, Data centers, Industrial, and Renewable Energy sectors. For its IPO, the Company has fixed the price band of ₹171/- to ₹180/- per Equity Share of face value ₹10/- each for its IPO. The company has informed NSE that it allocated 7,44,000 equity shares at Rs. 180 per share on Tuesday, October 15, 2024, to anchor investors. 11 Marquee Anchor Investors have participated in the anchor portion viz. HDFC Bank Limited, Veloce AIF – Veloce Opportunities Fund, PARADISE MOON INVESTMENT FUND I, Coeus Global Opportunities

Sagility India Limited...

  Sagility India Limited gets Sebi nod for IPO   S agility India Limited, one of the largest technology-enabled, pure-play healthcare focused solutions and services provider to Payers, and Providers, has received final observation from the capital markets regulator, Securities and Exchange Board of India (SEBI), to raise funds through an initial public offering (IPO).   The Company had filed its IPO papers with Sebi on June 28, 2024.   The IPO, with a face value of Rs 10 per equity share, is entirely an offer for sale of up to 984.46 million equity shares by Sagility B.V, the Promoter Selling Shareholder. The offer includes a reservation for subscription by eligible employees.   Established in 2021, the Bengaluru based company provides technology-driven services to both Payers and Providers, covering core benefits administration and clinical services. These include claims management, payment integrity, clinical management, and more. For Providers, it offers revenue cycle management ser

Sagility India Limited

Sagility India Limited gets Sebi nod for IPO   S agility India Limited, one of the largest technology-enabled, pure-play healthcare focused solutions and services provider to Payers, and Providers, has received final observation from the capital markets regulator, Securities and Exchange Board of India (SEBI), to raise funds through an initial public offering (IPO). The Company had filed its IPO papers with Sebi on June 28, 2024. The IPO, with a face value of Rs 10 per equity share, is entirely an offer for sale of up to 984.46 million equity shares by Sagility B.V, the Promoter Selling Shareholder. The offer includes a reservation for subscription by eligible employees. Established in 2021, the Bengaluru based company provides technology-driven services to both Payers and Providers, covering core benefits administration and clinical services. These include claims management, payment integrity, clinical management, and more. For Providers, it offers revenue cycle management services to

Knight Frank India..

Image
Infrastructure renaissance to boost demand for premium offices in South Mumbai; Nariman Point set to reclaim its premier commercial hub status: Knight Frank India South Mumbai projected to add 4-6 mn sq ft of mixed-use office space in the next 6-8 years Nariman Point’s rents surged by 52% to INR 569 per sq ft from 2018 to H1 2024 Mumbai, October 10, 2024:  Knight Frank India's latest report,  South Mumbai – A Renaissance , highlights how ongoing enhancements in transit-related infrastructure are expected to drive the revitalisation of South Mumbai. These infrastructure improvements are set to significantly increase the appeal of the area for both businesses and investors. Notably, office rentals in Nariman Point, one of the city's most iconic commercial districts, are projected to see a sharp rise. The report forecasts that top rentals in Nariman Point will increase from the current INR 569 per sq ft to INR 1,091 per sq ft by 2030, reflecting strong demand for premium office sp

Sony SAB's Wagle Ki Duniya

Gulki Joshi as the iconic cop Haseena Mallik enters Sony SAB's Wagle Ki Duniya; set to solve an intense case Mumbai October 09, 2024:  Sony SAB’s Wagle Ki Duniya – Nayi Peedhi Naye Kissey is set to witness the entry of  Gulki Joshi  as the iconic cop  Haseena Mallik  from the admired show   Maddam Sir . Fans of Haseena Mallik have long admired her fearless spirit, intelligence, and unwavering commitment to justice. Now, in a highly anticipated move, Gulki's character is back to tackle a gripping case, bringing her signature charm and determination to the screen once again. In an upcoming track, Haseena steps in to investigate a serious case involving Sakhi’s  (Chinmayee Salvi)  friend Priyanka, whose modesty is attacked. With the story highlighting the need for women’s safety, Haseena Mallik leads the charge to ensure the culprits are brought to justice. As the Wagle family and the members of Sai Darshan society unite, these heart-wrenching episodes are emotionally charged as H

Garuda Construction and Engineering..

Garuda Construction and Engineering IPO subscribed 4.10 times on Day 2   The Initial Public Offering of Garuda Construction and Engineering Limited was subscribed 4.10 times on the second day of bidding. The issue received bids of 8,16,77,366 shares against the offered 1,99,04,862 equity shares, at a price band of ₹90-95, according to the data available on the stock exchanges. Retail Portion and Non-Institutional Investors Portion were subscribed 6.73 times and 2.58 times respectively, whereas Qualified Institutional Buyer Portion was subscribed 0.91 times. The issue kicked off for subscription on Tuesday, October 08, 2024, and will close on Thursday, October 10, 2024.  A day before the opening of the issue, Garuda Construction and Engineering Ltd raised Rs 75 crores from anchor investors. Foreign and Domestic Institutions who participated in the anchor were AG Dynamic Funds Trust Mutual Fund, Maybank Securities, North Star Opportunities Fund, Resonance Opportunities Fund, Bridge India