The Addictive Learning Technology IPO, a professional upskilling and career services edtech platform, opens for subscription today. The IPO size includes a fresh equity issue of 42.97 lakh shares and an offer for sale of 1.6 lakh shares. The price band for the IPO is set at Rs 133-140 apiece. The company s financial performance showed revenues of Rs 24.82 crore and net profit of Rs 3.15 crore. The IPO proceeds will be used for funding acquisitions, tech investment, course development, working capital, and general corporate purposes.
The margin trading funding (MTF) book for the stockbroking industry has increased to ₹54,537 crore as on January 16, compared with ₹29,500 crore in January last year and about ₹7,100 crore in February 2020, according to data compiled by ratings firm ICRA.
Nine out of 10 business leaders expect growth in profit and revenue, but also expect increased capital expenditure and higher credit, a survey of 300 top corporate executives showed.
The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%. Traders who trade in indices do not encounter a situation of security ban.
Kutty replaces Murali Natrajan who completes 15 years as the bank s CEO at the end of April, which is the maximum limit for the position according to RBI norms.