niftify.in

Mint

Paramount Speciality Forgings IPO Day 1: Check for Subscription status, GMP, key dates, all you need to know

Paramount Speciality Forgings IPO: The offer opened for subscription on 17 September' 2024 and closes on 20 September'2024. Check for Subscription status, GMP, key dates, all you need to know

The Economic Times

Paramount Speciality Forgings IPO: Check issue size, price band, GMP and other details

Paramount Speciality Forgings will launch its SME IPO, aiming to raise Rs 32 crore. The IPO includes a fresh equity sale and an offer for sale, with shares priced at Rs 57-59 each. The funds will be used for working capital and corporate purposes. The issue closes on September 19, with listing expected on September 24.

Business Standard

Ramkrishna Forgings provides corporate guarantee of USD 6.65 million for its Mexican subsidiary

Powered by Capital Market - Live News

The Economic Times

Sona BLW shares jump 3% on raising Rs 2,400 crore via QIP

Shares of Sona BLW Precision Forgings increased by 3.4% to a high of Rs 738.95 on the BSE following the company's announcement of a successful Rs 2,400 crore raise through a Qualified Institutional Placement (QIP) on Tuesday. The QIP, which took place from September 4 to September 9, involved issuing 3.48 crore equity shares to QIBs at an issue price of Rs 690 per share, including a premium of Rs 680 per share.

CNBC TV18

Sona BLW Precision Forgings raises ₹2,400 crore through QIP

Shares of Sona BLW Precision Forgings Ltd ended at ₹699.75, down by ₹18.80, or 2.62% on the BSE.

The Economic Times

Sona BLW Precision Forgings shares zoom 4% on fund raising plans via QIP

Sona BLW Precision Share Price: Sona BLW Precision Forgings' shares surged 4% to Rs 751 after the company announced a floor price of Rs 699.01 per share for its qualified institutional placement. The company may offer a discount of up to 5% on this floor price. Sona Comstar's shares have gained 26% over the past year.

CNBC TV18

Sona BLW Precision Forgings likely to raise up to ₹2,400 crore via QIP at ₹675-700 per share

The company has set an indicative issue price range of ₹675-700 per share for the QIP, with equity dilution expected to be 6.06% at the lower end of the price range, sources in the know told CNBC-TV18.

Business Standard

RK Forgings up 6%, hits new high on investment in aluminium forging project

The board has given an approval for an investment of Rs 57.5 crore to set up the facility, which will primarily cater to electric vehicle (EV) market.

Mint

Yatra Online acquires corporate travel agency Globe Travels for ₹128 crore

Yatra Online's ₹128 crore acquisition of Globe Travels will add 360 new corporate clients to its existing base of 850 companies..Ramkrishna Forgings will use sale proceeds to enter the aluminium forgings segment

The Economic Times

Ramkrishna Forgings to set up aluminium forging facility in Jamshedpur

Ramkrishna Forgings Ltd will invest Rs 57.5 crore in an aluminium forging facility in Jamshedpur, primarily aimed at the electric vehicle segment. With an annual capacity of 3,000 tonnes, the facility is expected to generate Rs 175 crore in additional revenue and will be operational by Q2 of the 2025-26 fiscal year.

CNBC TV18

Ramkrishna Forgings offloads GAISL to Yatra Online for ₹128 Crore, expands into EV aluminium forging

The sale of GAISL to Yatra Online is expected to be completed within three months from the execution of the Sale and Purchase Agreement (SPA) on September 2, pending the fulfillment of conditions precedent and closing actions.

Business Standard

Ramkrishna Forgings, Balkrishna Ind: Stock strategies for Janmashtami 2024

Technical charts suggests that Ramkrishna Forgings, Balkrishna Industries and KIMS can potentially rally up to 16 per cent from present levels; check key support, resistance levels here

Business Line

Broker’s call: MM Forgings (Accumulate)

CD Equisearch

Business Line

MM Forgings’ arm Abhinava Rizel to launch hybrid EV motors, reducing import dependence

Abhinava Rizel’s breakthrough in producing motors that combine high torque and high rpm functionalities has attracted significant investment from MM Forgings, a leading auto components manufacturer.

The Economic Times

Maruti Suzuki among 5 auto stock picks from Motilal Oswal

Motilal Oswal predicts subdued growth for the Indian auto sector in June, with declining retails across most segments due to factors like post-election consumer sentiment and heatwave impact. However, they remain optimistic about select OEMs like Maruti Suzuki and Ashok Leyland, and ancillary companies like Craftsman Automation, Happy Forgings, and Samvardhana Motherson International, advocating for micro-strategies to navigate the sector's challenges.