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Rajputana Stainless IPO subscribed 30% on Day 1; QIB portion nearly full
The initial public offer of Rajputana Stainless Ltd, a manufacturer of long and flat stainless-steel products, got subscribed 30 per cent on the first day of bidding on Monday. The IPO received bids for 63,04,430 shares, as against 2,09,00,000 shares on offer, as per NSE data. The category for Qualified Institutional Buyers (QIBs) received 99 per cent subscription, while the quota for non-institutional investors fetched 65 per cent subscription. The portion for Retail Individual Investors (RIIs) got subscribed 4 per cent. The initial public offer has a fresh issue of up to 1,46,50,000 equity shares and an offer-for-sale of up to 62,50,000 equity shares. Price range for the offer has been fixed at Rs 116-122 per share. The IPO will conclude on Wednesday. Rajputana Stainless has raised Rs 10 crore from anchor investor Shine Star Build Cap. The firm manufactures a range of stainless-steel products, including billets, forging ingots, rolled black bars, rolled bright bars, flats, pat
No immediate hike in petrol, diesel prices despite crude crossing $100/barrel
India's fuel prices are holding steady for the moment, despite the global crude oil surge breaking the USD 100 per barrel mark. Officials report that there are no current intentions to raise retail prices, as oil marketing companies are prepared to absorb any cost implications.
Raajmarg Infra InvIT IPO to open March 11; anchor portion domestically
State-owned National Highways Authority of India-sponsored Raajmarg Infra Investment Trust (RIIT) on Monday said the anchor portion of its upcoming IPO will be allocated to only domestic investors. The anchor book will open for subscription on March 10. "We are in advanced discussions with anchor investors regarding the investment. The anchor portion will be allocated to domestic investors," NHAI Chairman Sathosh Kumar Yadav told reporters here ahead of its Rs 6,000-crore initial public offering. Of the issue size, over Rs 1,700 crore will be allocated to anchor investors. Raajmarg Infra Investment Trust's maiden public offering will open on March 11 and close on March 13. This will be the first time, NHAI is opening its asset monetisation programme to retail investors. The InvIT's IPO price has been fixed between Rs 99 and Rs 100 per unit. The initiative marks an important step in broadening public participation in the National Highway infrastructure growth story. The public I
Reliance Retail completes acquisition of 'Pahadi Local' brand
Reliance Retail has completed the acquisition of brand 'Pahadi Local' along with business from Pahadi Goodness. 'Pahadi Local' is a fast-growing Indian beauty and wellness brand known for its nature-led, Himalayan-inspired formulations.
‘Blood is on the streets’: Deepak Shenoy advises measured allocations as war in West Asia rocks markets — details
Deepak Shenoy, CEO of Capitalmind AMC, feels that retail investors should adopt a “measured allocation” strategy and avoid panic selling amid the West Asia war and the oil-price-driven market crash.
Delhi's Khan market sees 8% rental growth of retail space last year, 14% rise at Gurugram's Galleria market: Cushman
Retail rents in Delhi-NCR's prime high streets saw significant growth in 2025. Khan Market, India's most expensive, experienced an 8% rise. Other locations like Connaught Place and Galleria Market also reported increases. This surge is driven by retailers seeking high-visibility spots with consistent footfall. Demand from food and beverage and fashion brands is a key factor.
India’s Government Says No Plans to Raise Retail Petrol Prices - Investing.com India
India’s Government Says No Plans to Raise Retail Petrol PricesInvesting.com India
Mint Explainer: Why Reliance is betting on legacy regional brands to build its FMCG empire
Reliance Consumer Products is expanding by acquiring regional legacy brands rather than digital-first startups. The strategy taps loyal local customer bases and plugs them into Reliance’s vast retail network to scale nationally.
The best performing equity market in 2026 so far has been the most volatile this week
Data from the Korea Exchange showed that retail traders accounted for roughly 45% of total turnover on Thursday, compared with about 33% for foreign investors and 22% for institutional players.
Omnitech Engineering shares list at 11% discount to IPO price
The IPO was subscribed 1.14 times overall. The retail portion was subscribed 2.86 times, while the non-institutional investor segment was booked 73% and the qualified institutional buyer portion 33%.
This expert believes recent STT hike may push retail traders to be more selective
Tejas Khoday, CEO of FYERS, discusses the impact of higher securities transaction tax on derivatives trading, noting it may prompt traders to reassess strategies.
Godrej Properties acquires 11 acre land in Gurugram with estimated revenue potential of ₹4,500 crore
The plot is located in Sector 63A and forms part of the Golf Course Extension Road micro-market. The area has matured into a high-demand destination for residential, commercial and retail developments, Godrej Properties said.