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We all dream of owning a successful company, calling the shots and pocketing a nice paycheck every other week. Oh, there are plenty of dreams out there but how many of us actually take that first step toward financial independence and a quality of life that depends, not on the folks upstairs in the big offices, but on your own hard efforts. When you own the business, financial independence depends on you.

Thats why most people back away from business ownership. Fear of failure. Fear of looking foolish. Fear of what your family and friends will think if your new business doesnt soar like the American bald eagle - the American dream.

Ive had the satisfaction of starting start several businesses in my career, some more successful than others. However, even my "less than stellar" attempts at entrepreneurialship have taught me valuable lessons - lessons you can take with you to the kitc...Read More

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Fund Performance

Last heard, the shares of Dharmaj Crop Guard were commanding a premium of around Rs 50 in the grey market, hinting at a strong listing pop. The premium marched higher in the unofficial market after recent listings.
2022-12-05T15:46:23+05:30


As per the DRHP, the public issue comprises fresh issue of equity shares worth up to Rs 750 crore and an offer-for- sale (OFS) of up to Rs 250 crore.Promoter Sarvpriya Securities and investor International Finance Corporation will sell equity shares worth up to Rs 125 crore each.
2022-12-04T10:52:25+05:30


The Tata group firm filed documents with Sebi, Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on November 29. The firm advertised the move in some leading daily newspapers on Thursday. ET in its November 11 edition was the first to report about this development.
2022-12-02T06:54:37+05:30


The company is selling its shares in the range of Rs 548-577 apiece between November 30-December 2, with a lot size of 25 equity shares. The issue is entirely an offer-for-sale (OFS) of up to 14,481,942 equity shares.
2022-12-01T13:15:15+05:30


A confidential filing, as the moniker suggests, allows a company to privately file a registration statement for an IPO with the regulator for review, delaying the public filing until much closer to the actual IPO date.
2022-12-01T11:33:22+05:30


Dharmaj Crop's IPO had a fresh issue of up to ₹216 crore and an offer for sale of 14,83,000 equity shares. Its price range was ₹216-237 a share. Dharmaj Crop has raised ₹74.95 crore from anchor investors, including Elara India Opportunities Fund, Rajasthan Global Securities and Resonance Opportunities Fund.
2022-12-01T07:40:57+05:30


According to data from BSE, investors made bids for 9,06,84,780 equity shares or 11.32 times compared to the 80,12,990 equity shares offered for the subscription by 12.10 pm on Wednesday, November 30.
2022-11-30T13:35:31+05:30


The majority of the brokerage firms remain positive on the issue, citing reasonable valuations, strong business models, robust growth prospects and attractive opportunities. However, being entirely an OFS is a key risk to the issue, according to analysts.
2022-11-30T09:59:56+05:30


Uniparts India is a global manufacturer of engineered systems and solutions. It is one of the leading suppliers of systems and components for the off-highway market in agriculture and construction, forestry and mining and aftermarket sectors on account of its presence across over 25 countries.
2022-11-30T07:35:51+05:30


During Q2 2022, proceeds raised from main markets equated to $4,326 million via 13 IPOs compared to 4 IPOs raising $334 million during Q3 2022, a decline of 92% in the proceeds raised and a decline of 69% in the number of deals, as per the EY IPO trends report.
2022-11-29T18:57:35+05:30


The premium for the listing-bound Dharmaj Crop Guard and Uniparts India is moving higher in the unofficial market, hinting a strong listing pop for investors, if the optimism prevails for another few sessions.
2022-11-29T17:49:17+05:30


With the increasing share of the warehousing model, the company’s inventory days are elevated. In the previous three fiscal years, it had inventory days of 131-145. A high client concentration may affect financials if the business momentum from large clients moderates.
2022-11-29T17:41:01+05:30


The quota for retailers was subscribed 4.54 times, whereas the employees portion was booked 2.21 times. Portion for non-institutional investors fetched 3.29 times bids, and the portion for qualified institutional bidders was booked 36%.
2022-11-29T13:36:08+05:30


The category for Retail Individual Investors (RIIs) received 2.60 times subscription, non-institutional investors portion was subscribed 1.80 times and Qualified Institutional Buyers (QIBs) 35 per cent.The IPO has a fresh issue of up to Rs 216 crore and an offer for sale of 14,83,000 equity shares.Price range for the offer is at Rs 216-237 a share.
2022-11-28T19:25:27+05:30


As per the DRHP, the IPO will comprise a fresh issue of equity shares worth up to Rs 750 crore and an Offer for Sale (OFS) of up to Rs 250 crore
2022-11-28T18:24:29+05:30


The IPO of Uniparts India will close for subscription on Friday, December 2.
2022-11-28T14:19:08+05:30


The company is selling its shares in the range of Rs 216-237 apiece between November 28-30, with a lot size of 60 equity shares. The issue comprises fresh equity shares worth Rs 216 and an offer-for-sale (OFS) of Rs 35.15 crore.
2022-11-28T13:46:41+05:30


Dharmaj Crop IPO consists of fresh equity shares worth Rs 216 crore, with existing promoters and shareholders offloading 14,83,000 equity shares worth Rs 35.15 crore via offer for sale (OFS). Bids can be placed in the lot size of 60 shares.
2022-11-28T09:52:55+05:30


Rising expectations of aggressive rate hike cycles nearing an end on relatively easing inflationary curve, better than expected US macroeconomics data and resilience of the Indian economy compared to global counterparts are also driving FPI inflows.
2022-11-27T13:30:23+05:30


In August, the general insurance firm filed draft papers seeking approval from the Securities and Exchange Board of India (SEBI) to go public. The capital markets regulator had sent a written back to the investment bankers handling the IPO for certain clarifications in October and is awaiting a response.
2022-11-25T18:58:15+05:30


The company will sell its shares in the range of Rs 548-577 apiece with a lot size of 25 equity shares. However, this Rs 835.61 crore issue is entirely an offer for sale by the promoters and existing shareholders of the company.
2022-11-25T15:35:25+05:30


The company has five manufacturing facilities, two at Ludhiana, Punjab, one at Visakhapatnam, Andhra Pradesh, and two at Noida, Uttar Pradesh. It also has a manufacturing, warehousing and distribution facility at Eldridge (US).
2022-11-25T11:06:40+05:30


Dharmaj has a strong positioning in the agrichemical value chain with a portfolio of 414 agrochemical formulations and six agrochemical technicals. The company expanded the installed capacity significantly to 25,500 metric tonnes (MT) in FY22 compared with 9,150 MT in FY20.
2022-11-24T19:00:48+05:30


Paytm’s grim first anniversary underscores an erosion of confidence in its ability to become profitable after debuting at a time when India’s IPO market was enamored with tech startups. It’s one among a slew of startups that listed with valuations seen by many as exaggerated.
2022-11-24T12:30:24+05:30


It was subscribed 1.55 times. While retail investors bid for 4.7 times the allotted shares, only 50% of the high net-worth individuals' portion was subscribed.
2022-11-24T06:29:51+05:30


Investors can place a bid of a minimum of 60 equity shares and in multiples thereafter. Also, the issue is open for subscription till Wednesday, November 30. The anchor book will open for a day on November 25.
2022-11-23T09:20:19+05:30


The stock however, gave up part of its gains before closing at ₹690.10, up 17.6% over its issue price. The ₹858-crore IPO, in which shares were sold in the price band of ₹559-587 between November 10 and November 14, was subscribed over 34 times.
2022-11-23T05:59:48+05:30


The company's ₹1,960-crore IPO was sold in the range of ₹450-474 per share between November 9 and November 11. Only 70% of the IPO was subscribed but the issue sailed through as it met the criteria set by the Securities and Exchange Board of India for an IPO.
2022-11-22T05:54:47+05:30


The portion reserved for institutional investors was subscribed 48.91 times, while the retail quota was subscribed 9.96 times. The high-net-worth individuals' portion received bids for 14.9 times the shares reserved for them.
2022-11-22T05:51:36+05:30


Abhay Doshi, co-founder, UnlistedArena, said despite pricey valuations, the company has a strong business model leading to strong subscription during the three-day bidding process.
2022-11-21T17:27:12+05:30


Incorporated in 1995, Keystone Realtors is a Rustomjee Group company and is one of the prominent real estate developers. It is engaged primarily in the business of real estate construction, development and other related activities.
2022-11-21T14:29:35+05:30


Incorporated in 2012, Inox Green Energy Services is one of the major wind power operation and maintenance service providers in India. The company is a subsidiary of Inox Wind.
2022-11-21T14:20:42+05:30


Before jumping into any statistics, let's discuss what the macroeconomic situation has been over the last 10 months. The economy has witnessed a roller coaster ride of events, from the Russia-Ukraine War to skyrocketing inflation, markets have seen it all. High commodity prices have hit companies' margins all over the world.
2022-11-19T14:03:24+05:30


Last heard, the company's shares were being dealt at a premium of Rs 120-125 in the unofficial market, translated into a premium of about 30% compared to its issue price of Rs 407.
2022-11-19T12:50:27+05:30


Experts believe that one shall not expect a dry season for the primary markets but investor's interest and risk appetite have taken a hit after a long series of muted listings, which has dented both number and sizes of the issues.
2022-11-18T13:29:28+05:30


By the close of trading, however, Nykaa’s stock price recovered to close flat at Rs 185. With the post-IPO lock-in of shares ending for large investors, who had bought the stakes when these companies were private, market players feel there’s more pain for these scrips. For one, these stocks are expected to be weighed down further by large-size selling by early backers. Secondly, fearing a large sell-off, prospective investors will also be cautious to buy these stocks, a trader said.
2022-11-18T07:40:09+05:30


The IPO will include a fresh issue of shares worth up to Rs 1600 crore
2022-11-17T23:53:44+05:30


Analysts tracking the grey market said there is definitely the sentimental impact, particularly after the listing of Medanta, which continued to be in demand after the listing following the fund action.
2022-11-17T16:41:03+05:30


Indian IPOs raised a record $18 billion in 2021 on government efforts to foster startups combined with easy-money policy and a surge in retail trading during the pandemic. But investors have since dumped high-profile tech shares, even as the broader Indian stock market has outperformed global peers and scaled new peaks.
2022-11-17T14:09:24+05:30


The Mumbai offering may raise between Rs 30 billion and Rs 40 billion, they said, asking not to be identified as the information is private. The IPO may consist of about 75% primary shares and the rest in existing shares, one of the people said.
2022-11-17T12:36:48+05:30


According to the data from BSE, the investors made bids for 1,21,52,241 equity shares or 1.41 times compared to the 86,47,858 equity shares offered for the subscription by 12.15 pm on Wednesday, November 16.
2022-11-16T13:40:57+05:30


The hospitality industry body alleged that "OYO is responsible for the systemic depredation of the budget segment hotel business and its market as a means to achieve a notional billion-dollar valuation which is a serious cause of concern for the hospitality ecosystem of the country."
2022-11-15T21:30:17+05:30


KFintech is also the largest issuer solutions provider in India based on the number of clients serviced and holds a 43% market share based on the market capitalisation of NSE 500 companies and a 34% market share based on the number of clients serviced within NSE 500 companies, as on January 31, 2022.
2022-11-15T17:36:34+05:30


Analysts tracking the grey market said the issue received a strong response from institutional bidders which boosted the sentiments over the issue. One can expect a mildly positive listing for the stock.Abhay Doshi, co-founder at UnlistedArena said the company received a strong response from QIB bidders which pushed the morale of investors despite aggressive pricing. "One can expect 10-15% returns on debut."
2022-11-15T16:08:31+05:30


Global Health is one of the largest private multi-speciality tertiary care providers operating in North and East India. It has a network of five hospitals under 'Medanta' brand in Gurugram, Indore, Ranchi, Patna and Lucknow.Dealers tracking the grey market said the lower-than-expected response to the issue dented sentiments for the company and one should not expect any fireworks at listing.
2022-11-15T15:27:47+05:30


The company's Rs 1,960 crore IPO was sold in the range of Rs 450-474 per share and received a muted investor response, just sailing through between November 9-11 as retailers and HNI investors kept off the issue, and it barely sailed through.
2022-11-15T13:57:58+05:30


The company will use the IPO proceeds towards funding capital expenditure for setting-up of 25 new stores, two warehouses, financing working capital requirements of the company, repayment or pre-payment, in full or part, of certain borrowings availed by the company and general corporate purposes.
2022-11-15T13:52:44+05:30


Incorporated in 2012, Inox Green Energy Services is one of the major wind power operation and maintenance (O&M) service providers within India, specifically the provision of O&M services for wind turbine generators.
2022-11-15T13:38:23+05:30


The company is selling its shares in the range of Rs 514-541 apiece between November 14 and 16, with a lot size of 27 equity shares
2022-11-15T13:27:57+05:30


Last heard, the shares of Archean Chemical were commanding a premium of around Rs 95-100 in the grey market, hinting for a strong listing pop. The premium in the unofficial market has been hovering around the same levels.
2022-11-15T13:19:44+05:30


The stock oscillated downwards post a trendline breakout and bounced respecting that extended trendline subsequently. This could take the stock towards Rs 332-340-357 in the short term. The key technical indicators gave a buy signal post-bullish divergence. On the lower side, the stock will find support around its prior swing low, which is placed at around Rs 279.
2022-12-06T08:36:12+05:30


2022-12-06T08:08:36+05:30


However, it later reversed course as the Institute for Supply Management's (ISM) non-manufacturing PMI unexpectedly rose, indicating the services sector, which accounts for more than two-thirds of U.S. economic activity, remained resilient.
2022-12-06T07:50:05+05:30


The dollar index rebounded on Monday after data showed U.S. services industry activity unexpectedly picked up in November, prompting speculation the Fed may lift interest rates more than recently projected.
2022-12-06T07:44:24+05:30


The Group of Seven price cap comes as the West tries to limit Moscow's ability to finance its war in Ukraine, but Russia has said it will not abide by the measure even if it has to cut production.
2022-12-06T07:41:16+05:30


In other economic data this week, investors will also monitor weekly jobless claims, producer prices and the University of Michigan's consumer sentiment survey for more clues on the health of the U.S. economy.
2022-12-06T07:38:25+05:30


Life Insurance Corporation of India, the country's largest insurer, has increased its stake in HDFC to over 5 per cent following the acquisition of shares from the open market.
2022-12-06T07:35:39+05:30


2022-12-06T07:25:02+05:30


The transaction will also trigger an open offer for an additional 25% of the company. If the open offer is fully bought into, the new investor could own up to 86.24% of TCNS, for Rs 3,016 crore. The current market capitalisation of TCNS Clothing is Rs 3,507.16 crore.
2022-12-06T06:14:29+05:30


2022-12-06T06:00:00+05:30


The FINRA-registered US broker-dealer, via its affiliate VF Securities, has announced two additional pre-built Vests in partnership with Xumit Capital and Ethical Advisors, which will enable the retailers to invest in the same
2022-12-05T22:40:56+05:30


Earlier in April, HDFC Ltd decided to merge with its banking subsidiary HDFC Bank. Touted as the biggest transaction in India's corporate history, HDFC Bank on April 4 agreed to take over the biggest domestic mortgage lender in a deal valued at about $40 billion, creating a financial services titan.
2022-12-05T22:05:06+05:30


It was alleged that the utilisation of funds as shown by the company in the quarterly results under the erstwhile listing agreement for the three quarters ended September 30, 2008, December 31, 2008 have been misstated.
2022-12-05T21:59:16+05:30


“We’re seeing consolidation on the expected lines, which is healthy after the recent surge. We expect the resumption of the trend soon, meanwhile focus on sectors that are attracting buying interest on every dip and select the stocks accordingly,” Ajit Mishra, VP - Research at Religare Broking, said.
2022-12-05T21:58:07+05:30


2022-12-05T21:42:11+05:30


2022-12-05T21:20:48+05:30


The settlement came after Labdhi Enterprises and Parekh filed a joint settlement application to settle the pending proceedings "without admitting or denying the findings".
2022-12-05T20:50:39+05:30


The new company, to be headquartered in Mumbai, has over 6.7 million customers being served at over 3,600 branches across the country, barring Nagaland, by its 57,000 employees of which 6,000 were added after the merger announcement.
2022-12-05T20:47:35+05:30


Although Adani's group was looking to take another 26% stake in NDTV, the open offer attracted bids for just 5.3 million shares, translating to an 8.3% interest in the company
2022-12-05T20:33:31+05:30


India's GIC Housing Finance plans to raise funds selling commercial papers maturing in two months, three merchant bankers said on Monday.The housing finance company will offer a yield of 7.40% on this issue, and has received commitments worth around 1 billion rupees ($12.23 million) so far, the bankers said.
2022-12-05T20:30:36+05:30


The aggressive policy tightening has also triggered worries of an economic downturn, with JPMorgan, Citigroup and BlackRock among those that believe a recession is likely in 2023.
2022-12-05T20:17:54+05:30


Through its affiliate Sequoia Capital India Investments IV, the venture capital firm sold 20,00,000 shares
2022-12-05T20:14:24+05:30


The Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, together called OPEC+, agreed on Sunday to stick to their October plan to cut output by 2 million barrels per day (bpd) from November through 2023."The decision ... is not a surprise, given the uncertainty in the market over the impact of the Dec. 5 EU Russia crude oil import ban and the G7 price cap," said Ann-Louise Hittle, vice president of consultancy Wood Mackenzie.
2022-12-05T20:02:27+05:30


2022-12-05T19:54:20+05:30


The land originally belonged to the Ambience group, but Indiabulls Housing Finance, which had extended loans and had balance dues of over Rs 2,500 to the group, has been selling its properties to recover the money.
2022-12-05T19:29:47+05:30


2022-12-05T19:12:54+05:30


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2022-12-05T18:31:13+05:30


The index has to hold above 18,600 zone for an up move towards 18,881-19,000 zone, whereas supports are placed at 18,550 and 18,442 zones, said Chandan Taparia of Motilal Oswal.
2022-12-05T17:46:09+05:30


We will have a high base in the second half in terms of the raw material cost, so YoY, things will start looking better on the margin front. So staples valuations again are not a big concern now as it was a couple of years back when relative to market they were really expensive but I would say that FMCG is somewhere in the middle. We have a neutral kind of call. It is not too compelling on valuations.
2022-12-05T17:42:36+05:30


2022-12-05T17:35:54+05:30


The NSE Nifty index closed 4.95 points up at 18701.05
2022-12-05T17:27:28+05:30


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2022-12-05T17:27:12+05:30


In the Nifty pack, 25 stocks closed in the green, while 24 stocks ended in the red.
2022-12-05T17:22:21+05:30


Compared to the rupee's decline, the onshore Chinese yuan jumped 1.4% to the dollar on easing COVID-19 restrictions. Most other Asian currencies followed the yuan higher. The dollar index was hovering at 104.50.
2022-12-05T17:19:00+05:30


The regulators (SEBI+RBI+Others) can work together and create a circular defining the dos and don'ts for financial market activities. Any tech solution is not foolproof. But any initiative towards giving a clear direction to market participants will definitely discourage the negative characters who are active in the system.
2022-12-05T17:17:47+05:30


Satin Creditcare, Vasa Retail & Overse, Indian Terrain, TTK Healthcare and JK Lakshmi Cement, hit their fresh 52-week highs during the day.
2022-12-05T17:17:14+05:30


The Nifty IT index closed 0.52 per cent down at 30891.5.
2022-12-05T17:12:06+05:30


ICICI Bank also told analysts that partnerships with fintechs have helped increase customer base and deepen engagement. The share of digital costs have risen from 6% in FY20 to 9% now and it plans to further accelerate the network from the second half of the current fiscal year. It also said that the credit card partnership with Amazon has helped build 3.5 million customers and 35% are new-to-bank and spends are 20% higher.
2022-12-05T17:11:16+05:30


The Nifty Pharma index closed 0.26 per cent down at 13052.9.
2022-12-05T17:01:46+05:30


The 30-share BSE Sensex closed down 33.9 points at 62834.6
2022-12-05T16:56:38+05:30


The NSE Nifty index closed 4.95 points up at 18701.05
2022-12-05T16:51:29+05:30


The 30-share BSE Sensex closed down 33.9 points at 62834.6
2022-12-05T16:46:21+05:30


The 30-share BSE Sensex closed down 33.9 points at 62834.6
2022-12-05T16:36:09+05:30


Nifty 50 ended flat at 18,701, and Sensex ended 0.1% down at 62,834 points. Following are the stocks that were in the limelight:
2022-12-05T16:35:08+05:30


The Nifty Auto index closed 0.3 per cent down at 13007.55.
2022-12-05T16:31:01+05:30


The 30-share BSE Sensex closed down 33.9 points at 62834.6
2022-12-05T16:25:49+05:30


In the Nifty50 index, 25 stocks closed in the green, while 24 stocks ended in the red.
2022-12-05T16:20:38+05:30


In the Sensex pack, Reliance, Tech Mahindra, UltraTech Cement, Dr Reddys Lab, Axis Bank, Bharti Airtel and Bajaj Finserv were among the top losers
2022-12-05T16:19:20+05:30


In the Nifty 50 index, 25 stocks ended in the green, while 24 stocks closed in the red in today's trade.
2022-12-05T16:15:31+05:30


Piramal Enterprises, incorporated in the year 1947, is a Large Cap company (having a market cap of Rs 21390.23 Crore) operating in Diversified sector.
2022-12-05T16:13:36+05:30

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