An Ahmedabad-based third-party inspection, auditing, and certification services company plans to raise Rs 18.19 crore via the BSE SME platform. Gulf Lloyds (India) Ltd., a provider of third-party inspection, auditing, certification, testing, and training services, opens for subscription on July 20 with the issue closing on July 22. The company is listing on the BSE … Read more
An integrated coal mining operator and logistics services provider hits the market with a Rs 450 crore issue Caliber Mining and Logistics Ltd., an integrated coal mining operator and logistics services provider, opens for subscription on July 17 with the issue closing on July 21. The company offers end-to-end services including coal extraction, overburden removal, … Read more
The Indian subsidiary of Swiss automated parking solutions company Sotefin SA plans to raise Rs 85.27 crore via the BSE SME platform, backed by a Rs 534 crore order book. Sotefin Bharat Ltd., a provider of mechanised and automated parking solutions delivering comprehensive turnkey services, opens for subscription on July 16 with the issue closing … Read more
India’s largest mutual fund house — the company behind SBI Mutual Fund — hits the market with a nearly Rs 9,892 crore offer-for-sale SBI Funds Management Ltd. (SFML), the largest asset management company in India by quarterly average mutual fund assets under management, opens for subscription on July 14 with the issue closing on July … Read more
A Gujarat-based vertically integrated textile manufacturer hits the market with a Rs 126 crore issue Alpine Texworld Ltd., an Ahmedabad-based vertically integrated textile manufacturer with capabilities in both weaving and spinning, opens for subscription on July 14 with the issue closing on July 16. Incorporated in 2016, the company commenced production in 2017 and has … Read more
A precision engineering company serving railways, aerospace, defence, and semiconductor sectors plans to raise Rs 146.30 crore via the BSE SME platform Millworks Technologies Ltd., a precision engineering company manufacturing machined components, sheet metal parts, and integrated assemblies for mission-critical applications, opens for subscription on July 14 with the issue closing on July 16. The … Read more
Indian equities are staging a determined recovery from their late-March lows. A confluence of macro tailwinds building beneath the surface suggests the Nifty 50 has a credible path back to its all-time high before the calendar year is out. The benchmark closed near 24,270 on July 4 and pushed above 24,200 through last week, yet … Read more
A three-decade-old integrated power cable and conductor manufacturer from West Bengal hits the market with a Rs 742 crore issue Laser Power & Infra Ltd., an integrated manufacturer of power cables, conductors, and specialised power transmission and distribution products, opens for subscription on July 9 with the issue closing on July 13. The company has … Read more
A niche manufacturer of engineered fabrics for defence, aerospace, and industrial applications hits the market with a Rs 650 crore pure offer-for-sale Kusumgar Ltd., a manufacturer of woven, coated, and laminated synthetic fabrics — referred to as engineered fabrics — opens for subscription on July 8 with the issue closing on July 10. The company … Read more
Worst session in over three months as West Asia flare-up sends crude higher, VIX spikes, and every sector on the Street bleeds red. Mumbai bulls entered Wednesday with cautious optimism and left it nursing the worst bruises of the quarter. The BSE Sensex tumbled 1,677.12 points, or 2.15 per cent, to close at 76,503.60, while … Read more