Author: Market News Desk

Denta Water and Infra IPO sees impressive subscription and grey market premium, raising ₹220.50 crore. The company focuses on water management and infrastructure. The Denta Water and Infra Solutions Limited IPO, launched on January 22, 2025, has garnered considerable interest as it continues to attract investors. The water and infrastructure solutions company is set to raise ₹220.50 crore through the public offering, with a price band set between ₹279 and ₹294 per equity share. The IPO will remain open for bidding until January 24, 2025. Based in India, Denta Water and Infra specializes in water management solutions and infrastructure development,…

Kent R.O. Systems has filed for an IPO to go public, offering 10% of its shares. The company, known for its water purifiers, vacuum cleaners, and fans, plans to raise funds. The IPO comes after a record number of listings in 2024, with Kent aiming to expand its market presence. Kent R.O. Systems, a leading manufacturer of water purifiers, has filed its draft papers for an initial public offering (IPO) with the Securities and Exchange Board of India (SEBI). The company, founded in 1999 by Mahesh Gupta, also produces vacuum cleaners and fans, and aims to raise funds through the…

Rikhav Securities made a strong debut on the BSE SME platform with shares listing at ₹163.40, a 90% premium. The stock hit an upper circuit after rising 5%. The IPO was oversubscribed by 307 times, with investor interest fueled by a high Grey Market Premium. Rikhav Securities, an Indian financial services firm founded in 1995, made an impressive debut on the Bombay Stock Exchange (BSE) SME platform, listing at ₹163.40 per share, marking a 90% premium over its issue price of ₹86. This stellar debut was followed by a 5% increase, with the stock reaching an intraday high of ₹171.57,…

EMA Partners India IPO, which opened on January 17 and closed on January 21, was subscribed 221.06 times. The allotment of shares is finalized today, January 22, with listing set for January 24. The company’s IPO price was ₹124, and its grey market premium suggests a healthy debut. EMA Partners India Ltd, a leading executive search and recruitment consultancy based in India, is set to finalize its IPO share allotment today, January 22, 2025. The company, which specializes in providing executive search services to global corporations, has received an overwhelming response to its initial public offering (IPO). The subscription was…

Rexpro Enterprises, a furniture manufacturer based in Vasai, Maharashtra, opens its IPO for subscription on January 22, 2025, seeking to raise ₹53.65 crore. The IPO has seen significant demand on its first day, with a healthy grey market premium suggesting a strong debut. India-based Rexpro Enterprises, a leading furniture manufacturer specializing in retail and commercial furniture, opened its initial public offering (IPO) for subscription on January 22, 2025. The company, which serves a wide range of clients including major brands like Shoppers Stop, Lenskart, and Hindustan Unilever, is looking to raise ₹53.65 crore through the offering. Based in Vasai, Maharashtra,…

SBI Mutual Fund raised its stake in Hatsun Agro Product to nearly 8% in January 2025. Despite the company’s stock facing a downtrend, the mutual fund continues to increase its shareholding, signaling confidence in the agro-dairy sector. India-based SBI Mutual Fund has raised its stake in Hatsun Agro Product, a leading agro-dairy company, to nearly 8% in January 2025. The mutual fund, under its various schemes, purchased 12,82,661 shares of Hatsun Agro, representing 0.5758% of the company’s paid-up share capital, on January 20, 2025. As a result, SBI Mutual Fund now holds a total of 17,755,262 shares, or 7.9710%, of…

Tata Communications reports a 424% year-on-year increase in Q3 net profit, driven by growth in digital and data revenues. The company is restructuring to simplify its corporate structure. India-based Tata Communications, a leading global provider of communication services and network solutions, has reported impressive growth for the quarter ending December 2024. The company announced a consolidated net profit of ₹236.08 crore, marking a 424% year-on-year increase compared to ₹45.05 crore during the same period last year. This exceptional rise in net profit was largely attributed to strong performance from both continuing and discontinued operations. The net profit from continuing operations…

Stallion India Fluorochemicals is set for a strong debut with its IPO listing on January 23, 2025. With overwhelming subscription and a positive grey market premium, the company anticipates a 45.56% premium over its issue price of ₹90. The IPO raised ₹199.45 crore, signaling strong investor confidence in its growth prospects. India-based Stallion India Fluorochemicals, a company known for its specialization in the production and distribution of fluorochemicals used in various industrial sectors, is gearing up for its initial public offering (IPO) listing on January 23, 2025. The company has successfully raised ₹199.45 crore through its IPO, which includes a…

Hindustan Unilever (HUL) reported a 19% YoY rise in Q3FY25 net profit to ₹2,984 crore, with a 1.7% increase in total income. The company also announced the demerger of Kwality Walls and plans to acquire a majority stake in Minimalist. Hindustan Unilever Limited (HUL), one of India’s leading fast-moving consumer goods (FMCG) companies, reported a strong financial performance for the third quarter of fiscal year 2024-25 (Q3FY25). The company saw a 19% year-on-year increase in net profit, totaling ₹2,984 crore, up from ₹2,509 crore in Q3FY24. The growth in profit was attributed to the robust performance across various segments, despite…

HDFC Bank’s quarterly results helped Indian stock indexes recover, despite concerns over U.S. trade policies and corporate earnings growth. India’s benchmark stock indexes closed higher on Wednesday, January 22, as HDFC Bank’s quarterly performance lifted market sentiment, helping the indices recover from earlier losses linked to concerns over U.S. trade tariffs and corporate earnings. HDFC Bank, one of India’s largest private sector banks, reported third-quarter profits that largely met market expectations, pushing its shares up by about 1.5%. This provided much-needed support to the market, reversing some of the day’s earlier declines. The Nifty 50 ended at 23,155.35, rising by…