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Brokers' body asks Sebi for status quo on peak margin norms


Brokers body Association of National Exchanges Members of India (Anmi) has requested the Securities and Exchange Board of India to maintain status quo on the peak margin rules as there had been no reported instances of defaults under the current system.
Sebi has effectively capped the leverage possible in derivatives to four times the margin in phase 1 (from December 1). A penalty is levied if margin blocked is less than 25 per cent of the minimum 20 per cent of the trade value (VAR+ELM) for stocks or SPAN+Exposure for F&O. From March 1, penalty will be levied if margin blocked is less than 50 per cent of the minimum margin required. ....

Exchange Board Of India , National Exchanges Members , Exchange Board , Margin Trading Facility , Securities Lending , Stock Broking , Markets News , Market Updates , National Exchanges Members Of India , பரிமாற்றம் பலகை ஆஃப் இந்தியா , தேசிய பரிமாற்றங்கள் உறுப்பினர்கள் , பரிமாற்றம் பலகை , விளிம்பு வர்த்தக வசதி , பத்திரங்கள் கடன் , ஸ்டாக் தரகு , சந்தைகள் செய்தி , சந்தை புதுப்பிப்புகள் , தேசிய பரிமாற்றங்கள் உறுப்பினர்கள் ஆஃப் இந்தியா ,

Heranba IPO: Heranba IPO closes today; should you subscribe to it?


NEW DELHI: Heranba Industries Rs 625 crore IPO was subscribed a staggering 83.3 times of its issue size on the final day of the bidding process.
By 5:00 pm, the issue had received bids for 58,15,01,663 shares as against the total issue size of 69,81,417 shares.
The subscription was led qualified institutional buyers, whose alloted shares were subscribed 67.4 times at the close of the bidding process. The initial public offer also saw good interest from retail investors as their quota was subscribed 11.84 times.
As Prabhudas Lilladher noted, the IPO is a proxy play on the Indian agrochemical growth story.
Peer Rallis India trades at 16.3 times FY23 EPS of Rs 16.10 while Astec Lifesciences trades at 18.7 times FY23 consensus EPS of Rs 56.4. At the price band of Rs 626-627, Heranba is seeking valuations of 17.5 times FY23 EPS of Rs 35.80, which is the median valuation of comparable peers, Prabhudas Lilladher said. ....

United States , Nirali Shah , Bharat Rasayan , Astec Lifesciences , Prabhudas Lilladher , Union Territory , Rallis India , Samco Securities , Stock Broking , Heranba Ipo Subscription Status , Heranba Stock Price , Heranba Ipo , Heranba Share Price , Heranba Industries Ipo Review , Heranba Industries Ltd , Heranba Shares , ஒன்றுபட்டது மாநிலங்களில் , நிராலி ஷா , பாரத் ரசயன் , அஸ்டெக் ஆயுள் அறிவியல் , பிரபுடச் லில்லாதர் , தொழிற்சங்கம் பிரதேசம் , ராலிஸ் இந்தியா , சம்கோ பத்திரங்கள் , ஸ்டாக் தரகு ,