The Rs.2,999 crore IPO of CarTrade Tech, consisting entirely of offer for sale (OFS), was subscribed less than half the book at the close of Day-1. Retail showed some action, but action from HNIs and QIBs was almost absent. As per the combined bid de

In the current week, CarTrade Tech and Nuvoco Vistas IPOs will open for subscription on 09 August and close on 11 August. The IPOs of Aptus Value Housing Finance and Chemplast Sanmar will open on 10 August and close on 12 August. Gist of the 4 IPO

Aptus Value Housing, as the name suggests, is a 12 year old housing finance company with focus on lower and middle-income groups. The focus is largely on self employed persons in semi-urban and rural areas, without access to the traditional banking c

Chemplast Sanmar, a specialty chemicals manufacturer, has been in existence for last 36 years. The company is in the limelight with the global focus shifting towards India as a focal point for specialty chemicals due to export curbs in China. Globall

Nuvoco Vistas, the cement company promoted by Karsanbhai Patel of Nirma fame, has a pedigree of 22 years in the cement business. It began by acquiring the cement businesses of Tata Steel, L&T and Raymond and recently added cement plants of Lafarg

Titan Company Ltd swung to a consolidated net profit for the first quarter through June 2021from a steep loss a year earlier when a nationwide lockdown to control the Covid-19 pandemic forced it to keep its stores closed. The Tata Group company po

State Bank of India reported a record profit for the first quarter through June 2021, helped by a sharp drop in provisions to cover potential bad loans. The nation’s biggest lender said standalone net profit jumped 55 to Rs 6,504 crore for the

Rolex Rings IPO is subscribed 130.44 times and allotment of shares is happening on 4th August. Investors who have applied for Rolex Rings IPO are very keen to know if the IPO is being allotted to them. Allotment of shares happens based on rules presc

RBL Bank has slipped into a loss for the first quarter through June 2021 from a profit a year earlier after it set aside almost thrice the amount than before to cover for possible bad loans. The private-sector bank posted a standalone net loss of

Fast-moving consumer goods maker Dabur India Ltd reported a 28 jump in its consolidated net profit for the first quarter through June 2021 thanks to strong growth in business volumes and higher earnings margins. Net profit for the April-June peri

Aditya Birla Group chairman Kumar Mangalam Birla has offered to hand over his stake in Vodafone Idea Ltd to any state-run company or financial institution in a bid to keep the debt-laden telecom operator afloat. The billionaire has written to the

Bandhan Bank’s net profit for the first quarter through June 2021 dropped 32, dragged down by a 62jump in provisions to cover for potential non-performing assets The private-sector bank posted a net profit of Rs 373.1 crore for the April-June