Tata Consultancy Services (TCS) and Nest, the UK's largest workplace pension scheme, have entered into an expanded partnership worth £840 million ($1.1 billion) for an initial tenure of 10 years, with a potential total value of £1.5 billion if exte

The anchor issue of Ideaforge Technology Ltd saw a robust response on 23rd June 2023 with 45 of the IPO size getting absorbed by the anchors. Out of the 84,37,500 shares on offer, the anchors picked up 37,92,894 shares accounting for 45 of the tota

The ₹498.16 crore IPO of HMA Agro Industries consisted of a combination of a fresh issue and an offer for sale. The response was moderate and it was subscribed 1.62X overall at the close of bidding on 23rd June 2023 with the QIB segment seeing 1.74

HMA Agro Industries IPO worth ₹498.16 crore , consisted of an offer for sale and a fresh issue. While the OFS is just a transfer of ownership, the fresh issue of shares is EPS dilutive. The IPO saw fairly tepid response on Day-1, Day-2 and Day

Spectrum Talent Management IPO had a relatively weak listing on 22nd June 2023, listing at a sharp discount of -10.4, only to taper further and close below even the listing price of the IPO. In the last few days, the Nifty has been playing truant wi

Urban Enviro Waste Management IPO had a strong listing on 22nd June 2023, listing at a sharp premium of 41, but subsequently bounced and closed much above the listing price at the close of trading. This is despite the markets coming under pressure a

The Securities and Exchange Board of India (SEBI) has acted swiftly against a scheme involving the manipulation of stock prices. They have issued a temporary ban on 135 entities and fined them around ₹1.26 billion. These entities were found guilty

Life Insurance Corporation (LIC) has reduced its stake in state-run company NMDC by 2 between March 14, 2023, and June 20, 2023. As a result, NMDC shares saw a slight decline in early trade, with the stock quoting at ₹106 per share at 2:20 pm, dow

Cyient DLM Ltd is a subsidiary of Cyient Ltd, the Hyderabad based industry-centric technology solutions company. Cyient holds 92.84 if the capital of Cyient DLM Ltd while Amansa Investments of Singapore holds the balance 7.16. The promoters of Cyie

Delhivery, a logistics firm, experienced a 7 surge in its shares due to Carlyle Group's subsidiary, CA Swift Investments initiated a block trade to sell its stake in Delhivery for $86 million. The floor price for the transaction has been s

The ₹12.00 crore IPO of Vilin Bio Med Ltd consists entirely of a fresh issue of shares with no OFS component. The company has issued a total of 40 lakh shares at a fixed price of ₹30 per share aggregating to total issue size of ₹12.00 crore. Th

The ₹38.40 crore IPO of Aatmaj Healthcare Ltd comprises entirely of a fresh issue of shares. The total SME IPO of Aatmaj Healthcare Ltd entails the fresh issue of 64 lakh shares which at the fixed IPO price of ₹60 per share aggregates to ₹38.40