admin SIP contributions hit a record high, passive AUM crosses Rs 15 trillion and retail investors stay put through the worst equity correction in years. Antique Stock Broking says the industry’s structural growth story is intact. India’s mutual fund industry has done held together while everything around it has not. Equity markets are down over 13% … Read more
The 30-year-old LV and MV electrical panel manufacturer is raising Rs 130.54 crore on NSE SME Emerge. Issue closes March 27. Vivid Electromech Limited, a Mumbai-based manufacturer of low-voltage and medium-voltage electrical panels and automation systems with over 30 years of operational history, is currently open for subscription on NSE SME Emerge and closes tomorrow … Read more
The ISO-certified digital imaging solutions company is raising Rs 21.67 crore. Issue closes March 27. Highness Microelectronics Limited, a manufacturer and assembler of digital imaging and display solutions for defence, medical, industrial, and railway applications, opens its SME IPO today on BSE SME and closes on March 27. The company, which holds ISO 9001:2015 and … Read more
The Nifty is down 12% year-to-date. Crude has been elevated for four weeks. Berstein just published a note that every India investor needs to read and it maps out where this could end across four different scenarios. The Nifty is down 12% year-to-date. The crude spike has entered its fourth week. Bernstein has said in … Read more
The Haryana-based bead mill and disperser manufacturer is raising Rs 60.55 crore. Issue closes March 25. Tipco Engineering India Limited, a manufacturer of industrial mixing and grinding machinery, opens its SME IPO today on BSE SME and closes on March 25. Incorporated in 2021, the company makes a comprehensive range of bead mills, dispersers, and … Read more
The Hyderabad-based pharmaceutical formulations company is raising Rs 408.8 crore. Issue closes March 27. Sai Parenteral’s Limited, a Hyderabad-based diversified pharmaceutical formulations company, is currently open for subscription with its IPO closing on March 27. The company operates across two business lines — Branded Generic Formulations sold to government agencies, hospitals, and distributors in India … Read more
The Mumbai-based integrated power solutions company is raising Rs 1,100 crore. Issue opens March 24, closes March 27. Powerica Limited, a Mumbai-based integrated power solutions provider that has been in the diesel generator set business since 1984, opens its IPO for subscription tomorrow — March 24 — and closes on March 27. The company is … Read more
A sharp 400-point rally on Tuesday signals relief, not recovery, as traders weigh the possibility of a pause in strikes against an oil market that has cooled but remains on edge Indian equity markets staged their most convincing single-session rally in weeks on Tuesday, with the Nifty 50 surging 399.75 points — or 1.78% — … Read more
Five issues are open or opening this week, collectively seeking to raise over Rs 3,400 crore, as the primary market navigates a difficult global backdrop. India’s primary market is keeping its calendar intact despite the US-Iran conflict that has pushed Brent crude above $112 a barrel, rattled global equities, and sent foreign institutional investors pulling … Read more
The Delhi-based basmati rice processor and exporter is raising Rs 440 crore. Issue opens March 24, closes March 27. Amir Chand Jagdish Kumar (Exports) Limited, the company behind the Aeroplane Rice brand, opens its IPO for subscription next Tuesday, March 24, and closes on Friday, March 27. Incorporated in 2003 by the Suri family — … Read more