The Nifty rose 304 points, or 1.21%, to settle at 25,549.15, while the Sensex gained 1,000.5 points, or 1.21%, to close at 83,756.24. The rally was led by large-cap financial and energy stocks, with HDFC Bank and Reliance Industries emerging…
Globe Civil Projects IPO: The issue received bids for 47.77 crore shares so far, as against 1.17 crore shares on offer, according to data available with the NSE.
The IPO comprises a fresh issue worth ₹2,600 crore and an offer for sale (OFS) of up to 14.78 crore shares by the promoter selling shareholder.
Nykaa’s own brands reported 2,100 crore gross merchandise value (GMV) across 12 brands.
Lupin has launched Prucalopride tablets in the US following USFDA approval. The bowel disorder treatment enters a $184 million market and will be manufactured at the company’s Goa facility.
Earlier, the company mopped up ₹161.25 crore from anchor investors. The IPO has a price range of ₹77-82 per share and will conclude on June 27.
In investor categories, qualified institutional buyers (QIBs) were the most active, subscribing 4.92 times their allotted portion. The non-institutional investors (NIIs) category was booked 4.02 times, while the retail investors portion was subscribed 74%.
The company was announced as the lowest bidder (L1) on June 3 and has been subsequently selected for the construction of Unity Mall in Karnal, Haryana.
Defence companies like Hindustan Aeronautics Ltd. (HAL) and Bharat Electronics Ltd. (BEL) are well-positioned to benefit, having already made inroads into global markets.
Cummins said its BESS is certified to meet the world’s most stringent operational and safety standards and is equipped with a comprehensive three-tier fire safety system.