Nifty Market Volatility Ahead of Budget

Grover Jewells' shares surpass gray market predictions by listing at a 9% premium to the SME IPO price. On February 11, Grover Jewells' shares made a modest debut on the stock market, going up to Rs 96 per on the NSE Emerge platform. This is a premium of almost 9% above the Rs 88 IPO price per share. With a market valuation of Rs 139.27 crore, the company made its debut on the stock exchanges. Grey market estimates versus listing premium: The listing premium has greatly exceeded grey market expectations, even with the market's lackluster beginning. The company's unlisted shares were trading flat at the IPO price of Rs 88 with no grey market premium (GMP) prior to listing. When the IPO was up for public bidding from February 4 to February 6, the site's quoted GMP was close to 3 percent. The company's unlisted shares were trading at 0 GMP over the IPO price, according to IPO Watch as well. Grover Jewells IPO: Grover Jewells, a gold jewelry manufacturer situated in Delhi, went public in order to generate Rs 33.83 crore by issuing 38.44 lakh shares at a price range of Rs 83–88 each. With a minimum investment of Rs 1.41 lakh, investors could bid for 1,600 shares, and then in multiples. The IPO received over 19 subscriptions between February 4 and February 6, indicating that investors were quite interested in it throughout its three days of public bidding. With approximately 38 bookings of their allotted allocation, non-institutional investors (NII) shown the highest level of interest in the IPO. Qualified institutional buyers (QIB) and retail sections were reserved 11 times and 16 times, respectively. Working capital will be the primary use of the IPO proceeds, with the remaining sum going toward general business needs.

When stock markets reopen on Tuesday, coinciding with the weekly expiration of index options, the benchmark Nifty may experience significant price movements. Market Outlook Ahead of the Union Budget In the week leading up to the Union budget on February 1st, which was shortened by the Republic Day vacation on Monday, there are conflicting opinions … Read more

David Sokol: The Man Who Nearly Replaced Warren Buffett

US-Bangladesh Trade Deal May Impact India’s Cotton Exports

Greg Abel was asked if he was prepared to leave Warren Buffett’s shadow when he took over as CEO of Berkshire Hathaway earlier this month. The Question of Succession at Berkshire Hathaway But the transition reminded some investors of another executive—Abel’s former boss—who for years was considered most likely to take the reins at one … Read more

Quick Commerce Cuts Amazon & Flipkart Ad Spend

Amazon grocery delivery strategy focusing on same-day delivery and Whole Foods expansion

Due to increased purchase conversions and a structural shift in online growth tactics, Indian consumer brands are quickly moving their digital advertising dollars from traditional e-commerce platforms like Amazon and Flipkart to quick-commerce apps. Brands Shift Digital Advertising to Quick-Commerce Platforms As sales velocity and return on ad expenditures increase significantly, companies in the food, … Read more

IRFC Swiss Franc Swap Plan to Cut Dollar Risk

India high-speed rail lines connecting Mumbai Pune Delhi Varanasi Chennai Bengaluru

In light of the rupee’s sharp decline against the US dollar, Indian Railway Finance Corp. (IRFC) is reevaluating its foreign-currency borrowing mix and considering a plan to convert a portion of its dollar-denominated loans into Swiss francs in order to reduce funding costs and prevent foreign exchange losses. IRFC Reviews Foreign-Currency Borrowing Strategy The action … Read more

Indian Media Companies Eye Global Expansion

Indian media companies are searching overseas for their next growth prospect as domestic revenue challenges increase. Global Expansion Amid Domestic Monetization Pressure Over the past few months, media and entertainment corporations have been looking into international alliances and bolstering their presence in a number of international markets in an attempt to capitalize on the greater … Read more