PMS & Structured Products

    - I am confused what stocks should I buy ??


Portfolio management services are meant for individuals who wish to have a personalized management of their finances. A team of expert professionals conduct extensive and research and an in-depth analysis on markets to provide a customized solution to the investors. The investment solutions provided by PMS cater to a niche segment of clients. The clients can be individuals or institutional entities with high net worth.

PMS have evolved to become one of the top investment vehicles in India in the last decade. Several domestic and foreign players are present in this space which continues to grow rapidly. As per Securities Board of India the assets under management of discretionary portfolio management service have doubled in the last one year to Rs 40,000 crore.

PMS is a tailor-made professional service offered to cater to the investments objective of different investor classes. Simply put, a portfolio management service provides professional management of to create wealth for investors. The PMS service providers offer various strategies ranging from large cap, small & mid cap, flexi cap etc to suit the specific needs of the investors.

 

Once the investor has chosen the investment strategy based on his risk-return profile, strategy features and other details, PMS investor and the portfolio manager enter into an agreement. The agreement list down the roles and responsibilities of the portfolio manager and is legally binding for both the parties.

The portfolio manager than creates the portfolio of stocks (or fixed income instruments/debentures) for the investor. The minimum investment amount is Rs 25 lakhs as per new guidelines issued by SEBI which can be paid in either cheque or bank transfer or stocks worth this amount. The portfolio of stocks bought for the investor are then housed in a demat account opened in the name of investor only.

While there is a limit on exposure to individual stocks in a mutual fund, a PMS portfolio can make a far more aggressive allocation to any particular stock if he so decides. For example, it is possible to construct a portfolio of 10-15 stocks on a PMS platform, but not under the mutual fund platform.

Today, most PMS service providers use technology to provide a very transparent view of the existing client portfolio by providing a web page with login details for every client. This way the client can access and review his portfolio 24x7.

A prudent portfolio manager will identify good long-term investment ideas for the investor. Also, a professional portfolio manager will be able to take dispassionate calls about each stock in the portfolio and enter and exit stocks at the right time, which most investors find difficult to do on their own.

Thus PMS provides a hassle-free, transparent and customised platform for investor participation in equity markets. For those investors who are actively tracking the markets and like to understand how their money is being managed, PMS offers a great platform.

 

Religare All Star Portfolio

Investment Philosophy

Religare All Star Portfolio aims to provide investors benefits of an institutionalized approach to equity portfolio management by investing across investment styles in portfolios managed by best of class portfolio managers.

Key aspects of our institutionalized approach are:

Stringent portfolio manager selection process

Extensive due-diligence to determine the best of class managers.

 

Managers selected must have:

a. An identifiable edge and performance track record across market cycles

b .A robust and distinctive investment process, and

c .Adherence to global best practices in risk management

 

Dynamic allocations

a. Investment allocation across styles reviewed periodically (biannually unless warranted earlier due to market conditions)

b. Basis prevailing macroeconomic environment, detailed suitability assessment of underlying styles done and allocations recalibrated if required

 

Periodic manager reviews

  1. A comprehensive reviewed on every year to ensure chosen managers continue to meet our stringent selection criteria.

 

Strategy Allocation

Scheme Name

Allocation

Strategy

Motilal Oswal NTDOP

33.33%

Mid & small-cap, value style portfolio with a focus on identifying emerging stocks/sectors which are a part of the Next Trillion Dollar GDP growth opportunity.

ASK Growth Portfolio

33.33%

Multi cap strategy with Growth style of investing with equal focus on the following business attributes:

-Size of company, Quality of Business, Earnings growth.

RPMA Multicap

33.34%

Value Multi cap strategy with blend style of investing. Growth at Reasonable Price (GARP) strategy used to identify portfolio stocks. 15% of the portfolio may be invested in a satellite strategy which looks at benefitting from special situations like corporate actions, recovery situations or out of flavour stocks which may provide significant returns over time.

 

Motilal Oswal NTDOP PMS

The Portfolio works on the Investment philosophy – “BUY RIGHT. SIT TIGHT”

 

How do I buy right

·         Quality : Quality of business and management

·         Growth : Growth in earnings and sustained RoE (Return on Equity)

·         Longevity : Longevity of the competitive advantage /economic moat of the business

·         Price : Buying a good business for a fair price rather than buying a fair business for a good price.

 

How to I sit tight

·         Buy and Hold: We are strictly buy and hold investors and believe that picking the right business needs skill and holding onto these business to enable our investors to benefit from the entire growth cycle, needs even more skill.

·         Focus: Our portfolios are high conviction portfolios with 15 to 25 stocks being our ideal number. We believe in adequate diversification but over-diversification results in diluting returns for our investors and adding market risk.

 

Next Trillion Dollar Opportunities PMS

The strategy aims to deliver superior returns by investing in focused themes which are part of the Next Trillion Dollar GDP growth opportunity. It aims to predominantly invest in Small & Mid Cap stocks with a focus on Identifying Emerging Stocks/Sectors.

 

Key Product Features :

Name

NTDOP Strategy

Minimum Initial Investment Amount – Lump sum

Rs. 25 lakhs

Exit Load

1st Year – 2%

Fee Structure (Lump sum)

Setup fee – 1% of the Investment Amount

Annual Management Fee – 2.5% per annum

Benchmark

CNX MIDCAP

Date of Inception

11th Dec. 2007

Fund Manager

Manish Sonthalia – Head Equity PMS

 

Top 5 Holdings*

Sr. No.

Name of Instrument

% to Net Assets

1

Eicher Motors Ltd.

15.17%

2

Page Industries Ltd.

13.63%

3

Bajaj Finance Ltd.

8.93%

4

Bosch Ltd.

8.49%

5

Hindustan Petroleum Corporation Ltd.

7.34%

 

Top 3 Sectors*

Sector / Rating

% to Net Assets

Banking & Finance

25.99%

Auto & Auto Ancillaries

23.66%

FMCG

23.33%

*latest holdings & sector allocation may differ


 

 

 

 

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Market Data

MF News
E-wallets for investing in mutual funds should be KYC norms compliant: Sebi

The Securities and Exchange Board of India, in its circular dated May 8, 2017, allowed the use of e-wallets for investment in mutual funds within the umbrella limit of Rs 50,000 for investments by investors, especially the young generation -- to purchase these instruments through both e-wallet and/or cash per mutual fund per financial year.
2023-03-24T08:11:38+05:30

Want 100% flexibility in shifting between debt & equity? Sandeep Tandon has an answer

Quant Mutual Fund has launched a Dynamic Asset Allocation Fund that provides 100% flexibility in shifting between debt and equity. The company aims to target a new investor audience, such as people who invest in FDs but are reluctant to take risks. They believe the new fund can generate extra alpha over FD returns and offer a similar low-volatility product with better taxation. The fund can be used as a debt tax savings product, while Sebi also allows exiting 100% from equity or participating in 100% debt. The fund aims to generate alpha opportunistically when extreme or special situations arise.
2023-03-23T16:45:00+05:30

Can I sell my mutual fund investments, invest the money in ELSS?

If you have any mutual fund queries, message us on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2023-03-23T15:37:37+05:30

18 ELSS mutual funds beat their benchmarks in 10 years; offer 12-17% returns

ELSS mutual fund category offered around 13.35% returns in the 10-year horizon. ETMutualFunds considered daily rolling returns in 10 years to to see whether these schemes managed to beat their benchmarks.
2023-03-23T11:10:38+05:30

Axis Mutual Fund aims to raise Rs 50 crore from new ETF fund of funds

By investing in a fund of funds, which offers asset diversification, investors may also benefit from lower risks as it follows a passive investment strategy.
2023-03-23T08:29:07+05:30

Competition Commission clears LIC Mutual Fund-IDBI Mutual Fund deal

Deals beyond a certain value require approval from the regulator, as it keeps a tab on unfair business practices in the market place.
2023-03-23T08:22:37+05:30

Fed increases rates by 25 bps but signals hikes are near an end

The move set the U.S. central bank's benchmark overnight interest rate in the 4.75%-5.00% range, with updated projections showing 10 of 18 Fed policymakers still expect rates to rise another quarter of a percentage point by the end of this year, the same endpoint seen in the December projections.
2023-03-22T23:38:58+05:30

8 small cap schemes offered more than 40% return in three years

The small cap category has faced a lot of volatility in the interim. The category delivered around 2.19% return in the last one year horizon.
2023-03-22T11:07:22+05:30

Valuation risk minimal in largecaps; good time to start investing for long term: Harsha Upadhyaya

Midcaps and smallcaps tend to feel the pinch more than largecaps during macroeconomic advents. This is despite valuation in the smaller caps also correcting. Some profit booking in midcap and smallcap stocks could occur in the nervous market but one should start nibbling back into increasing equity allocation to domestic equities, especially largecaps. Kotak AMC's CIO-Equity, Harsha Upadhyaya, believes the valuation risk remains minimal in largecaps, making them attractive to investors for long-term investments.
2023-03-22T10:09:46+05:30

A Bala on why one shouldn’t worry about SIP cancellation, Adani debt exposure

Aditya Birla Sun Life AMC CEO A Balasubramanian says the firm’s exposure to the Adani Group has been paid on time or earlier than the due date. SIP cancellations might occur, however, the net number should remain positive moving forward. The upcoming election should see a positive outcome for the Indian market. Stocks in the consumption segment would be the least volatile with no earning negative surprises.
2023-03-22T09:21:37+05:30

Why you should hurry to provide nomination details in old MF folios

According to regulatory guidelines, investors should have a nominee for all their mutual fund folios, or inform the fund house they do not wish to have one by March 31. Otherwise, their folios will be frozen for debits.
2023-03-22T08:59:58+05:30

With yields seen peaking, investors can look at long duration funds

"Concerns on growth and financial stability point to easier than expected monetary conditions. If this contagion in the global banking system continues, monetary policy will continue to be easy, making it a good time to allocate some money to long duration bonds with a 5-10 year maturity." says Sandeep Bagla, CEO, Trust Mutual Fund.
2023-03-22T08:25:08+05:30

A win-win solution: A passive, hold-to-maturity, fully G-Sec product

As per Association of Mutual Funds in India (AMFI) data as of January 2023, individual mutual fund investors have 80% of their total mutual fund allocation towards equity schemes, and only 14% of the allocation is towards debt-oriented schemes.
2023-03-21T13:04:04+05:30

Silver ETF: Should you buy it as silver prices soar?

Silver ETFs also have an advantage over SIlver futures which are also traded on the exchanges. The former is traded on exchanges in the form of stocks, Solanki said. Trading in silver futures and for that matter any derivative is complicated while ETFs are much simpler to understand, he added.
2023-03-21T12:53:48+05:30

NFO Watch: 20 new mutual fund offers open this week. Should you invest?

Around nine fixed maturity plans (FMPs), five gilt funds, two ETFs and two fund of funds (FoF), and one ELSS and index fund scheme are open for subscription in the market.
2023-03-21T12:15:22+05:30

Mutual funds to secure a monthly income of Rs 40,000

If you have any mutual fund queries, message us on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2023-03-21T10:32:04+05:30

Why should you consider investing in passives or index schemes?

For some people investment is an activity where there is a lot of action all the time. They strongly believe that to get returns one needs to actively manage their portfolio and churn appropriately, says Suresh Sadagopan.
2023-03-21T09:44:45+05:30

D-Street indices fall on back of weakness in global markets

The NSE Nifty fell 111.65 points or 0.65% to close at 16,988.40. The BSE Sensex declined 360.95 points or 0.62% to end at 57,628.95. "It's the fear factor that the crisis in the developed market financial system will not end soon which is dragging down the market at the moment," said Siddarth Bhamre, head, research, Religare Broking.
2023-03-21T07:29:39+05:30

Investors with 6-12 months horizon can consider money market funds

Puneet Pal, head - fixed income, PGIM India Mutual Fund, said he expected the US Fed to hike rates by 25 bps next week, but he pointed out the crucial aspect will be the future guidance.
2023-03-20T15:46:26+05:30

Why is it the right time to invest in equity mutual funds?

Is it the right time to invest in equity mutual funds? Why mutual fund managers/experts believe that it is great time or opportunity to invest in equity mutual funds?
2023-03-20T12:45:40+05:30

The SMART way to define your financial goals

The goals cannot be vague, such as ‘I will buy a house when I have enough money’. Goals should be ‘SMART’: specific, measurable, achievable, relevant and time-bound.
2023-03-20T06:30:00+05:30

Constant Maturity Fund: 5 things to know

This type of fund has huge interest rate risk as any change in the interest rate will impact the price of the bonds, which will impact fund returns.
2023-03-20T06:30:00+05:30

Should you time your equity investments?

Investing consistently is more than important than timing the markets.
2023-03-20T06:30:00+05:30

Will these mutual funds help me to make Rs 15 crore?

If you have any mutual fund queries, message us on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2023-03-17T16:01:41+05:30

HDFC Mutual Fund launches HDFC NIFTY SDL Plus G-Sec Jun 2027 40:60 Index Fund

HDFC NIFTY SDL Plus G-Sec Jun 2027 40:60 Index Fund, an open-ended target maturity scheme, will close for subscription today. The scheme will re-open for continuous sale and repurchase within five business days from the date of allotment of units under NFO.
2023-03-17T12:24:23+05:30

Mutual Funds buy hotels, entertainment, auto and cement stocks

Equity mutual funds shuffled their holdings in banks and insurance in February as foreign investors trimmed their positions in these stocks as part of their broader sell-off in Indian equities.
2023-03-17T10:29:42+05:30

USD debt can be very attractive to diversify globally: Vishal Kapoor of Bandhan Mutual Fund

"With this fund, an investment by an Indian investor will be made in INR locally into the Bandhan US Treasury Bond 0-1 Year Fund of Fund. Our fund will in turn invest into an overseas ETF that invests in US Treasury Bonds. Being a local investment, individual remittance limits and Tax Collected at Source (TCS) requirements under the LRS facility are not applicable," Kapoor said.
2023-03-17T09:51:10+05:30

Bandhan Mutual Funds US Treasury Bond FoF offers niche dollar play

The US Treasury Bond 0-1 year Fund of Fund is an open-ended FoF that will invest in units of JPMorgan BetaBuilders US Treasury Bond 0-1 year ETF.
2023-03-17T08:33:00+05:30

Sebi renews recognition to AMC Repo Clearing for one year

Securities and Exchange Board of India (Sebi) granted recognition to AMC Repo Clearing Ltd in January last year.
2023-03-16T15:11:31+05:30

Should I make changes to my mutual fund portfolio?

If you have any mutual fund queries, message us on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2023-03-16T13:31:47+05:30

Banking sector mutual funds lost around 9%. What should investors do?

Are the recent troubles offer a great opportunity to invest in banking schemes?
2023-03-16T11:19:53+05:30

Edelweiss to Merge Bharat Bond ETF 2023 with 2025

As per the Income Tax, such mergers will not result in capital gain or loss for the merging schemes. They will be treated as a continuous investment into the next scheme.
2023-03-16T09:11:45+05:30

What are the advantages of investing in target maturity funds?

Target maturity funds are passively managed debt mutual funds that come with a specified maturity date and replicate the underlying index.
2023-03-15T09:53:22+05:30

Despite rising per capita income, SIP ticket size hasn't moved much in last 5 years: DP Singh, SBI Mutual Fund

The Deputy MD of SBI MF, DP Singh, says that the SVB crisis in India will have a minimal impact on the Indian economy, and that the future is bright. Singh also says that the Indian economy is doing well, and that credit is improving. He says that the decoupling of the Indian economy from the US economy is no longer possible and that Indians are investing outside of India.
2023-03-15T09:31:58+05:30

Mirae Asset Mutual Fund launches Mirae Asset Nifty 100 Low Volatility 30 ETF

Nifty100 Low Volatility 30 Index is a Smart Beta ETF that aims to measure the performance of the low volatile securities in the large market capitalization segment. Smart Beta ETFs aim to potentially combine the benefits of both active and passive investing.
2023-03-15T09:10:05+05:30

ICICI Prudential Mutual Fund launches of ICICI Prudential Nifty PSU Bank ETF

The NFO will close for subscription on March 15, 2023.
2023-03-15T09:00:11+05:30

DSP Mutual Fund launches special hotline for women

Women can give a missed call on 8657011333 if they want to learn more about mutual funds, investing or simply about how they can take their first steps toward building a financial plan, a press release said.
2023-03-14T14:14:29+05:30

Best mutual funds to ride the volatile phase in the market

Whenever the market becomes volatile, many investors keep asking whether they can invest in some mutual funds that will help them to deal with the volatility better. Are there safe funds?
2023-03-14T11:10:53+05:30

SBI Mutual Fund raises Rs 3,600 crore through dividend yield NFO

The NFO of SBI Dividend Yield Fund was opened between February 20 to March 6, and it will reopen for subscriptions on March 17, the company said.
2023-03-14T09:24:53+05:30

Outflows in debt mutual funds continue, Rs 13,815-cr withdrawn in Feb

The heavy withdrawal was seen from liquid funds. Debt funds continued to witness outflows at Rs 13,815 crore during the period under review.
2023-03-14T09:23:18+05:30

Kotak Mutual Fund launches Kotak Silver ETF Fund of Fund

The New Fund Offer is open for subscription and will close on March 27.
2023-03-13T13:02:12+05:30

'Loan against mutual funds is economical, provides greater repayment flexibility'

Loan against mutual funds units has existed in the past, but investors stayed away from it due to the tedious process like multiple visits to the branch, fulfilling KYC norms, and waiting for days to get the loan sanctioned and disbursed.
2023-03-13T10:09:46+05:30

Gold ETFs record Rs 165 crore inflow in Feb

Gold ETFs, which track the domestic physical gold price, are passive investment instruments that are based on gold prices and invest in gold bullion.
2023-03-13T08:48:14+05:30

Mutual fund industry being vilified baselessly, says Amfi

Based on regular monthly fund disclosures, global mutual funds tracking firm Morningstar ranks India on top of 26 countries, said Amfi chief executive NS Venkatesh.
2023-03-13T08:41:19+05:30

ICICI Prudential Long Term Equity Fund: Fund review

Given its growth tilt, the fund struggled last year, pulling down its otherwise decent return profile. Its new stance means it will deliver when market starts favouring growth businesses.
2023-03-13T06:30:00+05:30

Consider equity mutual funds with low loss rates: 10 MFs with the lowest 1-year loss rate

The loss rate is defined as the number of time intervals of negative returns as a percentage of the total number of defined time intervals. This is calculated using rolling returns.
2023-03-13T06:30:00+05:30

Arbitrage mutual funds are making a strong comeback; what should investors do?

Fortunes of arbitrage funds have changed in the past three months. These have clocked 1.7% returns over the past three months, even as liquid funds fetched 1.57%. ts, however, say ultra short term debt funds are a better option.
2023-03-13T06:30:00+05:30

IDFC MF to be rebranded as Bandhan MF

Regulators had objected to the use of Bandhan Bank logo for mutual fund operations. IDFC Asset Management Company was acquired by the consortium, which comprises Bandhan Financial Holdings Limited, GIC, and ChrysCapital.
2023-03-11T22:55:40+05:30

Axis Mutual Fund launches Axis S&P BSE Sensex ETF

The New Fund Offer (NFO) of Axis S&P BSE Sensex ETF is open for subscription and will close on March 15. The scheme will be benchmarked against S&P BSE Sensex TRI
2023-03-10T17:17:04+05:30

Be a hero, remain invested in the market; accumulation phase is ahead of us: Swarup Mohanty

Swarup Mohanty advises investors to continue their SIPs and stay invested, as the market will eventually correct itself. Mohanty also discusses the current global market conditions and how they may affect India. He believes that the market is beginning to become fairly valued, and that Indian markets are still relatively stable.
2023-03-10T15:03:01+05:30
IPO News
Udayshivakumar Infra IPO subscribed 16 times so far on Day 4; check GMP and other details

"The current grey market premium (GMP) of Udayshivakumar Infra is Rs 10 as of March 23rd, 2023. Considering the upper band price of Rs 35, the share could give a listing gain of 28% to investors," Manish Khanna, Co-founder of Unlisted assets, said.
2023-03-23T14:56:23+05:30

Non-banking lender SBFC cuts IPO size, refiles papers with Sebi

About 50% of the offer will be available for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Bidders, and not less than 35% will be reserved for retail investors. The offer also includes a reservation for subscription by eligible employees.
2023-03-22T18:41:59+05:30

Udayshivakumar Infra IPO subscribed 5.15 times on Day 3; GMP falls

According to market sources, the grey market premium (GMP) of Udayshivakumar Infra, which indicates the premium commanded by shares in the unlisted market, has dropped down to Rs 6-7.
2023-03-22T14:58:33+05:30

Jupiter Hospital likely to file for ₹1,100 crore IPO soon

The proposed IPO will have both fresh issue of shares and offer for sale components.
2023-03-22T10:25:47+05:30

MobiKwik eyes fresh IPO in 12-18 months

“We had planned (the IPO in) March 2022 but before that the Ukraine war happened and Nasdaq started crashing. So, all the multiples were going down,” Taku said on the sidelines of an event, adding that the fintech firm continues to be in an IPO ‘ready mode’.
2023-03-22T07:04:33+05:30

Udayshivakumar Infra IPO sails through on Day 2 despite weak market sentiments

According to market sources, the grey market premium (GMP) of Udayshivakumar Infra, which indicates the premium commanded by shares in the unlisted market, was unchanged at Rs 10. Analysts are mixed on whether investors should subscribe to the IPO given muted market sentiments.
2023-03-21T13:14:16+05:30

IndiaFirst Life Insurance gets SEBI approval to float IPO

IndiaFirst Life Insurance Company recorded its highest five-year growth in terms of New Business Individual Rated Premium (IRP) amongst life insurers with PSU bank percentage, with a CAGR of 27.3% between fiscal 2017 to fiscal 2022.
2023-03-21T11:16:57+05:30

SME IPO: After 384x subscription, Mcon Rasayan India shares list at strong 20% premium

Managing director Mahesh Bhanushali had earlier expressed his gratitude for the overwhelming response the IPO received. He said strong demand for the issue reflected the investors' trust and confidence in the company's growth prospects and the management.
2023-03-20T17:31:08+05:30

Udayshivakumar Infra IPO subscribed 58% on Day One

According to market sources, Udayshivakumar Infra shares are commanding a premium of Rs 10 in the unlisted market, which is higher than the previous day.
2023-03-20T13:27:44+05:30

Global Surfaces IPO share allotment expected today. How to check status

According to market analysts, the grey market premium, which indicates the premium commanded by shares in the unlisted market, fell sharply from subscription closing date to around Rs 15. The company has fixed a price band of Rs 133-140. At the upper end, the company's shares are expected to get listed at 10% premium.
2023-03-20T09:52:24+05:30

Udayshivakumar Infra IPO opens for subscription. Should you bid?

The company has 46 work orders in hand having an aggregate order book value of Rs 1,291 crore, as of the December quarter. Out of these, 30 are ongoing and 16 are new work orders, which are yet to start.
2023-03-20T09:30:55+05:30

Sebi takes stricter approach in IPO clearance; returns draft paper of 6 cos

The six companies had filed their preliminary initial public offering (IPO) papers with Sebi between September 2021 and May 2022 and their papers were returned during January-March (till March 10).
2023-03-19T11:32:02+05:30

Govt approves listing of state-owned IREDA by selling part stake

DIPAM will drive the listing process for which the Centre had given initial approval in 2017.
2023-03-17T20:10:05+05:30

Udayshivakumar Infra IPO to open for subscription on March 20. Check GMP & other details

About 60% of the offer is reserved for retail investors, while 30% is set aside for non-institutional investors. Meanwhile, 10% of the issue is reserved for Qualified institutional buyers (QIB).
2023-03-17T13:29:37+05:30

Maiden Forgings to launch IPO next week; aims to raise Rs 24 crore

Out of the total 37,84,000 equity shares on offer, not more than 17,97,000 equity shares have been reserved for Qualified Institutional Buyers (QIB). A total of 5,39,100 shares have been reserved for Non-Institutional Investors (NII) and the rest for retail individual investors.
2023-03-17T11:16:11+05:30

Another FPO on cards for Patanjali Foods; process to start from April: Baba Ramdev

In an interview with PTI, Ramdev assured his investors and public shareholders that there would be no impact of Patanjali Foods Ltd's (PFL) operation and financial performance and its growth trajectory will remain intact.
2023-03-16T14:41:12+05:30

Investor sentiment fizzles out in IPO mart. What's in store for rest of the year?

Equity markets were plagued by a host of issues this year including rising interest rates, slowing economic growth, Adani crisis and the latest fallout of the banking crisis in the US. Benchmark Nifty is currently 10% down from its peak.
2023-03-16T10:30:19+05:30

White label ATM provider India1 Payments defers IPO plans

It is not planning to seek a fresh approval for the IPO immediately from the Securities & Exchange Board of India because of the current choppy market. "We’re not in a hurry to go and, you know, sell it at any cost," managing director K Srinivas told ET.
2023-03-15T22:20:00+05:30

Global Surfaces IPO subscribed 12.21 times on Day 3

According to analysts, the grey market premium, which indicates the premium commanded by shares in unlisted markets stoo Rs 20. The company has fixed a price band of Rs 133-140. At the upper end, the shares are expected to list at 14% premium over the issue price.
2023-03-15T13:40:22+05:30

Divgi TorqTransfer lists at 5.1% premium

The ₹412-crore IPO comprised a fresh share issue of ₹180 crore and an offer for sale of 3.93 million shares by existing shareholders. As part of the offer for sale, Nilekani's family trust offloaded 1.44 million shares.
2023-03-15T06:01:00+05:30

Global Surfaces IPO fully subscribed on Day 2

Global Surfaces, which is into processing natural stones and manufacturing engineered quartz, has collected Rs 46 crore from anchor investors and set a price band of Rs 133-140 per share. At the upper end of the price band, the company is expected to fetch Rs 155 crore from the IPO
2023-03-14T13:45:34+05:30

SME IPO: Nirman Agri Genetics public issue to open on March 15. Check GMP and other details

The proceeds from the IPO will be used for funding additional working capital, investment in strategic acquisitions and other general corporate purposes.
2023-03-13T21:39:12+05:30

Divgi TorqTransfer shares expected to make a debut on exchanges tomorrow. What GMP signals ahead of listing?

The company's grey market premium is at 18, according to market analysts.The issue was subscribed 5.44 times, driven by strong interest from retail investors
2023-03-13T14:37:04+05:30

Global Surfaces IPO: Check subscription status, GMP and other details

The company has fixed a price band of Rs 133-140. The company plans to raise about Rs 154.98 crore at the upper end of the price band
2023-03-13T14:24:03+05:30

Global Surfaces IPO opens. Should you subscribe to the issue?

Religare broking said the company has a strong opportunity in the international market and its new products and designs would aid growth and increase operational efficiency. The brokerage has a "neutral" rating on the public offer.
2023-03-13T09:26:28+05:30

Global Surfaces among 5 IPOs that will open for subscription this week

The price band for its initial public offering has been fixed at Rs 133-140 per share. Investors can bid for a minimum of 100 equity shares and in multiples of 100 equity shares thereafter
2023-03-12T13:38:21+05:30

Global Surfaces IPO: 10 things you must know before investing

Global Surfaces will be open for subscription on Monday to raise funds through an initial public offering. The company will raise Rs 155 crore at the upper price band of the issue. The shares of the company will be listed on both NSE and BSE. The company will be offering 1,10,70,000 equity through the initial public offering through the book-building process.
2023-03-12T10:47:56+05:30

Tata Technologies IPO: 10 things to know about the public offer

The size of the IPO wasn’t disclosed. However, according to Krishna Raghavan, Founder, UnlistedKart, a SEBI-registered research analyst firm, Tata Technologies' recent buyback valued the company at Rs 16,080 crore, indicating that the offered size could be at least Rs 3,800 – Rs 4,000 crore.
2023-03-11T13:32:49+05:30

Tata Technologies IPO: What it means for Tata Motors investors and key details you need to know

2023-03-10T18:28:43+05:30

Flipkart not averse to Dalal Street IPO

The Flipkart IPO has been in the works since the last few years and it was earlier reported that the company is eyeing a listing on Wall Street
2023-03-10T15:53:09+05:30

Tata Technologies IPO: What it means for Tata Motors investors

Under the IPO, Tata Motors intends to sell 81,133,706 shares of its subsidiary. Two other shareholders - Alpha TC Holdings and Tata Capital Growth Fund I - of the company are also selling shares in the offer.
2023-03-10T13:43:51+05:30

Tata Technologies files IPO papers with Sebi

The IPO is being launched by way of an offer for sale (OFS) of up to 95,708,984 equity shares, representing approximately 23.60% of its paid-up share capital.
2023-03-10T09:24:31+05:30

Global Surfaces IPO to open next week. Check price band and other details

The IPO comprises fresh issuance of 85.20 lakh equity shares and an Offer For Sale of up to 25.5 lakh equity shares by promoters Mayank Shah and Sweta Shah. The company said IPO proceeds will be used for investment in its arm Global Surfaces FZE for part-financing its capex requirements of setting up the manufacturing facility in Dubai and other general corporate purpo
2023-03-09T14:23:49+05:30

Byju’s is said to seek $250 million in Aakash pre-IPO funding

Aakash Educational Services will issue convertible notes that will convert into equity at a discount of 20% to the listing price of the unit’s planned initial public offering
2023-03-09T10:16:19+05:30

Divgi TorqTransfer IPO allotment today. How to check status

The part reserved for retail investors was subscribed 4.31 times, while non-institutional investors (NIIs) and qualified institutional buyers (QIBs) parts were subscribed 1.4 times and 7.83 times respectively. The shares are expected to be listed on the exchanges on March 14.
2023-03-08T13:25:27+05:30

SoftBank's arm aims to raise at least $8 billion in US IPO, say sources

The preparations for the IPO are expected to be kick-started in the U.S. in the coming days, the sources said. The valuation range has not yet been finalized but Cambridge, England-based Arm is hoping to be valued at more than $50 billion during its share sale, the sources said
2023-03-06T19:11:14+05:30

Nova Agritech files DRHP to raise funds via IPO

According to the draft papers, the issue with a face value of Rs 2 per equity share consists of a fresh issue of equity shares worth up to Rs 140 crore and an offer-for-sale (OFS) of up to 77,58,620 equity shares by Nutalapati Venkatasubbarao
2023-03-06T17:18:32+05:30

Airox Technologies scraps IPO plans; withdraws IPO paper

However, the draft offer documents for the IPO were withdrawn on February 28 and the reasons for the withdrawal have not been disclosed, an update with the markets regulator showed on Monday
2023-03-06T16:19:46+05:30

Divgi Torqtransfer Systems' IPO subscribed 5.44 times

The portion reserved for retail investors was subscribed 4.31 times, while the category for non-institutional investors (NIIs), including high-net-worth individuals, was subscribed 1.4 times. The qualified institutional buyers' segment saw bidding for 7.83 times the shares set aside to them.
2023-03-04T06:59:45+05:30

Divgi TorqTransfer IPO subscribed 5.44 times on Day 3; GMP rises

The retail portion was subscribed 4.31 times, while non-institutional investors (NIIs) made bids 1.4 times more than the reserved bit. Qualified Institutional Buyers (QIBs), who largely stayed on the sidelines for two days, came to the party on the last day making bids 7.83 times more than the allotted part.
2023-03-03T13:28:04+05:30

Divgi TorqTransfer IPO Day 2: Retail portion fully subscribed. Check GMP, other details

Qualified institutional buyers, who stayed on the sidelines for most part on Day 2, started bidding towards fag end of the day and the part reserved for them was subscribed 6%. Tomorrow is the last day for subscription to the public issue.
2023-03-02T13:39:57+05:30

Divgi TorqTransfer IPO: GMP indicates potential listing gains. Should you subscribe?

Most analysts say the public offer is decently valued and have recommended investors to subscribe to the issue. They say Divgi Torq is one of the few players in the country that has the ability to develop and supply system level transfer cases and is the only company to make torque couplers.
2023-03-02T09:01:13+05:30

Divgi TorqTransfer IPO subscribed 10% so far on Day 1. Check GMP & other details

Ahead of the IPO, Divgi has raised Rs 185 crore from anchor investors, in which several mutual funds like ICICI Prudential Smallcap Fund, Nippon India Smallcap Fund, Motilal Oswal Large and Midcap Fund among others have participated.
2023-03-01T14:23:28+05:30

Nandan Nilekani-backed Divgi TorqTransfer IPO opens. Should you subscribe?

The Divgi TorqTransfer IPO consists of fresh equity issue worth Rs 180 crore and an offer for sale (OFS) of 39.34 lakh shares by investors and other selling shareholders.
2023-03-01T10:00:00+05:30

What makes Divgi IPO suitable for investors with high risk appetite

Divgi TorqTransfer Systems plans to raise up to Rs 412 crore through an initial public offer. Of this, Rs 180 crore would be through a fresh issue of shares mainly for expansion plans while the balance is an offer for sale by investors and promoters
2023-02-28T19:31:30+05:30

IRM Energy and Lohia Corp get Sebi nod to raise funds via IPO

IRM Energy’s IPO is a complete fresh issue of up to 10,100,000 equity shares with a face value of Rs 10 per equity share. Meanwhile, Lohia Corp’s public issue is a complete offer-for-sale (OFS) of up to 31,695,000 equity shares by existing shareholders with a face value of Re 1 per unit
2023-02-28T15:03:27+05:30

FirstMeridian Business, IRM Energy, Lohia Corp get Sebi go-ahead to float IPOs

Going by the draft papers, staffing firm FirstMeridian Business Services Ltd's Rs 740-crore IPO comprises fresh issuance of equity shares worth Rs 50 crore and an Offer-For-Sale (OFS) of Rs 690 crore.
2023-02-28T13:00:01+05:30

Divgi TorqTransfer fixes price band for public issue

The IPO includes a fresh issue of ₹180 crore and an offer for the sale of up to 3.93 million equity shares. The company intends to meet capital expenditure requirements for the purchase of equipment and machinery from the net proceeds of the fresh issue.
2023-02-28T06:35:15+05:30

Fabindia scraps $482 million IPO amid uncertain market conditions

The 62-year-old company, popular for its sustainable and traditional Indian wear, said it may consider going public in the future and that several global ESG-focused funds had expressed an interest to invest. It did not give details.
2023-02-27T16:05:05+05:30

Rs 67 crore-profit! Nandan Nilekani family trust to mint 370% return in IPO

The red herring prospectus (RHP) of the IPO shows that the weighted average cost of acquisition for Nilekani's firm was Rs 125.28. Considering that shares would be allotted to IPO investors at the upper price band of Rs 590, Nilekani will make a neat profit of Rs 66.98 crore or 370% return from his investment of about Rs 18 crore.
2023-02-27T15:23:33+05:30
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