niftify.in

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.

Business Standard

Walmart Foundation provides $2.78 mn grant to promote tech in agriculture

Walmart Foundation has provided three new grants totalling USD 2.78 million to advance technological innovation in India's agriculture sector. With the Walmart Foundation funding, the National Entrepreneurship Network (NEN), Cornell University in support of the Tata-Cornell Institute for Agriculture and Nutrition (TCI) and Precision Development (PxD) collectively aim to reach over 3,00,000 farmers in India, according to a statement. Walmart.org represents the philanthropic efforts of Walmart and the Walmart Foundation. These grants aim to enhance farmer livelihoods, increase market access and promote sustainable agricultural practices, thereby contributing to the Walmart and Walmart Foundation goal of reaching 1 million smallholder farmers by 2028 across India's agriculture sector, it added.

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.

Business Standard

Gala Precision Engineering shares soar nearly 49% in market debut

Shares of Gala Precision Engineering Ltd ended with a premium of nearly 49 per cent against the issue price of Rs 529 on Monday. The stock made its debut at Rs 750, a jump of 41.77 per cent from the issue price on the BSE. During the day, it soared 48.85 per cent to Rs 787.45. Shares of the firm ended at Rs 787.05, up 48.78 per cent. On the NSE, it listed at Rs 721.10, surging 36.31 per cent. The stock ended at Rs 757.15, reflecting a jump of 43.12 per cent. The company's market valuation stood at Rs 997.19 crore. In terms of volume, 3.97 lakh shares of the firm were traded on the BSE and 7.89 lakh shares on the NSE during the day. The initial public offer of Gala Precision Engineering garnered 201.44 times subscriptions on the closing day of bidding on Wednesday. The initial share sale had a price band of Rs 503-529 per share. The Rs 168-crore IPO had a combination of a fresh issue of 25.58 lakh equity shares worth Rs 135.34 crore and an Offer For Sale (OFS) of 6.16 lakh equity

The Economic Times

Gala Precision Engineering shares make a strong debut. Should you book profits?

The successful listing, with shares trading 45% above the IPO price at Rs 770, underscores the company's strong fundamentals and the overwhelming investor confidence demonstrated by the IPO's 201.41 times oversubscription. The shares even saw a further 3% increase post-listing, further highlighting the positive market sentiment.

CNBC TV18

Gala Precision Engineering, the second-most subscribed IPO of 2024, lists at 42% premium on BSE

Ahead of the issue opening, Gala Precision Engineering raised ₹50 crore from anchor investors including Negen Undiscovered Value Fund, NAV Capital Emerging Star Fund, Cognizant Capital Dynamic Opportunities Fund, among others.

CNBC TV18

The Marketbuzz Podcast: Will financials continue to drag Sensex, Nifty further down?

Marketbuzz Podcast: Indian markets may see a gap-down start according to the GIFT Nifty. Watch out for stocks like Mazagon Dock, HUL, and Gala Precision.

Mint

Gala Precision Engineering IPO listing date today; GMP, experts signal strong debut of shares

Gala Precision Engineering IPO listing date is today, September 9. The equity shares of the company are slated to be listed on both the stock exchanges, BSE and NSE. Find out what Gala Precision Engineering IPO GMP today and experts indicate about the share listing price.

Mint

Gala Precision Engineering IPO listing date fixed. GMP signals 55% gain for allottees

Gala Precision Engineering IPO GMP: According to market observers, shares of the company are available at a premium of ₹292 in the grey market today

Mint

Gala Precision Engineering IPO listing date in focus. GMP signals strong listing gain for allottees

Gala Precision Engineering IPO listing date is likely September 9. Ahead of the share listing, find out what Gala Precision Engineering IPO GMP signals:

The Economic Times

Tamil Nadu CM MK Stalin signs MoUs for Rs 850 crores with Lincoln Electric, Vishay Precision, Visteon

Tamil Nadu Chief Minister MK Stalin announced that the state has secured MoUs worth Rs 850 crores with US-based companies Lincoln Electric, Vishay Precision, and Visteon. Additionally, a Rs 2000 crore MoU was signed with Trilliant for a manufacturing unit and support centre. Further agreements were made with Nike, Optum, Eaton, and Assurant.

Business Standard

Gala Precision Engineering IPO ends with more than 201x subscription

The offer received bids for 44.79 crore shares as against 22.23 lakh shares on offer.

Mint

Multibagger PTC Industries shares rise 3% after arm secures aerospace order from Israel

Shares of PTC Industries, a manufacturer specializing in high-quality, high-precision metal components for critical and supercritical applications, jumped 3% during the final hour of trading today, reaching ₹14,500 apiece.

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.

Business Standard

Gala Precision Engineering IPO allotment today; check status, GMP & more

Gala Precision Engineering IPO allotment status: Once the allotment is finalised, investors can check their status on the official websites of BSE, NSE, or Link Intime India

CNBC TV18

Gala Precision Engineering IPO subscribed 201 times, here is how you can check allotment

Gala Precision Engineering aimed to raise nearly ₹168 crore through its initial public offering (IPO), which was open for subscription from September 2 to September 4.

Business Standard

Gala Precision IPO subscribed 201.44 times on last day of bidding

The initial public offer of Gala Precision Engineering garnered 201.44 times subscription on the closing day of bidding on Wednesday. The initial share sale received bids for 44,79,68,752 shares against 22,23,830 shares on offer, as per NSE data. The portion meant for non-institutional investors got subscribed a whopping 414.65 times while the category for Qualified Institutional Buyers (QIBs) received 232.54 times subscription. The Retail Individual Investors (RIIs) part garnered 91.99 times subscription. The initial public offering of Gala Precision Engineering was fully subscribed within minutes of opening for bidding on Monday and ended the day with a 10.83 times subscription. Gala Precision Engineering Ltd has fixed a price band of Rs 503-529 per share for its Rs 168-crore initial public offering (IPO). The IPO is a combination of a fresh issue of 25.58 lakh equity shares worth Rs 135.34 crore and an offer-for-sale (OFS) of 6.16 lakh equity shares valued at Rs 32.58 crore by

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

Gala Precision IPO GMP soars on last bidding day; should you apply today?

The three-day subscription window to bid for the Gala Precision Engineering IPO, which opened on Monday, September 2, 2024, is set to conclude today

Mint

Gala Precision Engineering IPO Day 3: GMP, subscription status, review, key dates. Should you buy?

Gala Precision Engineering IPO subscription, which began on September 2, shows strong interest, particularly from non-institutional and retail investors. The IPO was oversubscribed by 52.21 times, with a price range of ₹503 to ₹529 per share. Analysts recommend subscribing.

Business Standard

Gala Precision Engineering IPO subscribed 52.17 times on 2nd day of bidding

The initial public offer of Gala Precision Engineering was subscribed 52.17 times on day two of bidding on Tuesday. The initial share sale received bids for 11,60,22,648 shares against 22,23,830 shares on offer, as per NSE data. The quota for non-institutional investors was subscribed 132.89 times, while the category for retail individual investors (RIIs) fetched 44.16 times subscription. The portion for qualified institutional buyers (QIBs) garnered 5.06 times subscription. The initial public offering of Gala Precision Engineering was fully subscribed within minutes of opening for bidding on Monday and ended the day with a 10.83 times subscription. The initial share sale will conclude on September 4. Gala Precision Engineering Ltd has fixed a price band of Rs 503-529 per share for its Rs 168-crore initial public offering (IPO). The IPO is a combination of a fresh issue of 25.58 lakh equity shares worth Rs 135.34 crore and an offer-for-sale (OFS) of 6.16 lakh equity shares valued

Business Standard

Auto parts manufacturer Kross' Rs 500 cr IPO to open on September 9

Auto parts manufacturer Kross Ltd is set to float its Rs 500-crore initial share sale on September 9 for public subscription. The three-day Initial Public Offering (IPO) will conclude on September 11 and the bidding for anchor investors will open for a day on September 6, according to the Red Herring Prospectus (RHP). Jamshedpur-based company's IPO is a combination of a fresh issue of equity shares worth Rs 250 crore and an Offer for Sale (OFS) aggregating up to Rs 250 crore by the promoters. Kross proposes to utilise the net proceeds of the fresh issue for the purchase of machinery and equipment, payment of debt, and funding the working capital requirements of the company. Besides, a portion will be used for general corporate purposes. Founded in 1991, Kross is a diversified player focused on manufacturing and supply of trailer axle and suspension assembly and a wide range of forged and precision machined high-performance safety critical parts for medium and heavy commercial vehic

The Economic Times

Gala Precision Engineering IPO subscribed over 20 times on day 2. Check GMP, other details

Gala Precision IPO: The initial public offering of Gala Precision Engineering saw strong demand, with subscriptions over 20 times on the second day. The issue, priced between Rs 503-529 per share, will fund various projects, including setting up new facilities and debt repayment. Analysts recommend subscribing due to the company's market position and attractive valuation.

Mint

Gala Precision Engineering IPO day 2: GMP, subscription status to review. Buy or not?

Gala Precision Engineering IPO GMP: According to market observers, shares of the company are available at a premium of ₹270 in the grey market today

Business Standard

Gala Precision Engineering IPO subscribed 10.83 times

The offer received bids for 2.40 crore shares as against 22.23 lakh shares on offer.

Business Standard

Investors subscribe Gala Precision IPO 10.83 times offer size, shows data

The initial public offer of Gala Precision Engineering got fully subscribed within minutes of opening for bidding on Monday. The initial share sale received bids for 47,77,444 shares against 22,23,830 shares on offer, reflecting 2.15 times subscription, as per NSE data till 11:21 hours. The portion for Retail Individual Investors (RIIs) garnered 3.15 times subscription while the quota for non institutional investors got subscribed 2.54 times. The initial share sale will conclude on September 4. Gala Precision Engineering Ltd has fixed a price band of Rs 503-529 per share for its Rs 168-crore initial public offering (IPO). The IPO is a combination of a fresh issue of 25.58 lakh equity shares worth Rs 135.34 crore and an offer for sale (OFS) of 6.16 lakh equity shares valued at Rs 32.58 crore by promoter group entities and individual shareholders. This aggregates the transaction size to Rs 168 crore at the upper end of the price band of Rs 529. Proceeds from the fresh issue will be

Mint

Gala Precision Engineering IPO: Here are 10 key risks from the RHP you should know before investing

Gala Precision Engineering IPO: The Initial public Offering began on September 2 and will end on September 4 with a price range of ₹503-529 per share. Here are 10 key risks from the RHP you should know before investing

The Economic Times

Gala Precision Engineering IPO sails through within 1 hour of bidding. Check GMP and other details

Gala Precision Engineering IPO: The IPO of Gala Precision Engineering, which opened today, was oversubscribed within an hour, showing strong demand from retail and non-institutional investors. The employee-reserved category was highly subscribed, but qualified institutional buyers did not place any bids yet. The proceeds will be used for new facility establishment, equipment procurement, debt repayment, and corporate purposes.

Business Standard

Brokerages bullish on Gala Precision IPO; GMP jumps 45%; should you bid?

Several brokerages, including Deven Choksi Research, Anand Rathi, Swastika Investmart, and Choice, have shared their outlook on the Gala Precision Engineering IPO for the investors

Mint

Gala Precision Engineering IPO Day 1: GMP, subscription status, review, other details. Apply or not?

Gala Precision Engineering IPO opens September 2-4 with a price range of ₹503-529 per share. Anchor investors contributed ₹50.29 crores. The lot size is 28 shares.

CNBC TV18

Gala Precision Engineering opens for subscription: Should you bid?

Gala Precision Engineering opens today: Ahead of the issue opening, the company has raised ₹50 crore from anchor investors including Negen Undiscovered Value Fund, NAV Capital Emerging Star Fund, Cognizant Capital Dynamic Opportunities Fund, among others.

Mint

IPO flurry set to continue with 6 new public issues, 11 listings scheduled for next week; check full list here

In the mainboard segment, the Gala Precision Engineering IPO will open for subscription on September 2. Meanwhile, the Baazar Style Retail IPO, which is currently ongoing, will close on September 3.

Mint

Gala Precision Engineering IPO opens on Monday. GMP, review, other details in 10 points

Gala Precision Engineering IPO: The IPO consists of a fresh issue of up to 25,58,416 equity shares and an OFS of up to 6,16,000 equity shares by the promoter group and individual selling shareholders

The Economic Times

IPO Calendar: 2 new issues, 11 listings on investors' radar next week

The Indian IPO market is thriving, with Gala Precision Engineering and Jeyyam Global Foods set to launch their public offers next week. Additionally, 11 companies, including Premier Energies and Ecos Mobility, will list. Analysts expect continued vibrancy in the primary market.

Mint

Gala Precision Engineering IPO: Firm mobilises ₹50 crore from anchor investors; Subscription window opens on Sept 2

Gala Precision Engineering IPO: The precision components manufacturer's initial public offering is all set to hit the D-Street for its three-day subscription on Monday, September 2

The Economic Times

Gala Precision Engineering IPO opens bids on Monday, announces Rs 503-529 price band. Check details

The IPO is a mix of a fresh issue of 25.59 lakh equity shares amounting to Rs 135.34 crore and an offer for sale (OFS) of 6.16 lakh shares, totaling up to Rs 32.59 crore.

CNBC TV18

Gala Precision Engineering IPO announces price band of ₹503-529 per share. Check details here

The estimated market capitalisation of Gala Precision Engineering is around ₹670 crore.

Mint

Upcoming IPO: Gala Precision Engineering IPO to open for subscription on September 2;price band set at ₹503-529 apiece

Upcoming IPO: Gala Precision Engineering IPO price band is set between ₹503 to ₹529 per share. Subscription opens on September 2 and closes on September 4, with anchor investor allocation on August 30.

CNBC TV18

Rolex Rings Block Deal | 2% equity worth ₹126 crore changes hands

Rolex Rings Share Price | The company is a Gujarat-based manufacturer of forged and precision-machined components. The official buyers and sellers of the block deal are not yet known.

Mint

Stock market today: Precision Camshafts share price jumps 14%. Is this a stock to buy today?

Stock market today: Experts say Precision Camshafts share price is skyrocketing today as the debt-free company expects growth in its domestic business from the OEMs