Positive bias seen at open, but FPIs to hold key
March 16, 2021
Foreign portfolio investors have turned cautious on the back of firm US bond yields Thanks to positive global cues, Indian stock markets are expected to open with modest gains on Tuesday. However, the market is likely to move in a narrow range in the early part of the day, said analysts. The SGX Nifty futures are at 15,002 points, a gain of about 0.25 per cent, over Monday’s close.
Foreign portfolio investors have turned cautious on the back of firm US bond yields. The Federal Open Market Committee is due to meet on March 16 and 17. FPIs will take investment calls after the outcome of the key FOMC meet.
Easy Trip Planners Prospectus: Most revenue comes from air ticketing
March 16, 2021
EasyTrip Planners Ltd. listed publicly last week with an offer of ₹510 crore, with the issue being entirely an offer for sale. Founders Nishant and Rikant Pitti, who hold more than 49% stake each, will sell shares to the tune of ₹255 crore each. The IPO of the company, which operates EaseMyTrip.com, was subscribed 160 times on the final day. The company said the objective of the IPO is to enhance visibility, brand, and provide liquidity to existing shareholders. The offer stood at 2.7 crore equity shares at a price band of ₹186 to ₹187.
Updated Mar 16, 2021 | 10:03 IST
Kalyan Jewellers IPO: Although Kalyan Jeweller is the second-largest jeweller in India after Titan Company, its financial performance is nowhere close to Titan. Representational image
New Delhi: Kalyan Jewellers India, the country s second-largest jeweller after Titan, wants to raise Rs 1,175 crore through an initial public offer (IPO) of shares. The IPO opens today (March 16) and will close on March 18 (Thursday). The company has priced its shares in a band of Rs 86-87.
Out of the IPO proceeds of Rs 1,175 crore, Rs 250 crore would go to Highdell, Warburg Pincus company, which was an early investor in the company. Now it wants to partially exit its investment. promoters of the company will get Rs 125 crore by diluting their stake, and the remaining Rs 800 crore (fresh issue) will go to the company to meet working capital requirements and for other corporate purposes. Following the IPO, promoter holding in the company
Retail portion of Kalyan Jewellers IPO gets fully subscribed on Day 1 business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
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Easy Trip Planners IPO subscription begins: Check price band, listing date and more
Online travel company Easy Trip Planners has fixed a price band of Rs 186-187 per share for its Rs 510-crore initial share-sale, which will open for public subscription on March 8. The three-day issue would close on March 10 and the anchor investors portion would be open for subscription on March 5.
EaseMyTrip. com is operated by Easy Trip Planners Private Ltd. The company s initial public offering is entirely an offer for sale.
Through the IPO, company s founders Nishant Pitti and Rikant Pitti will each sell shares to the tune of Rs 255 crore through offer-for-sale mechanism. Nishant Pitti and Rikant Pitti hold 49.81 per cent and 49.68 per cent stake, respectively, in the company.