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Analysts say retail investors' enthusiasm fizzled out post the muted listing of a majority of public offers in CY22

zomato, zomato delivery partners

The initial public offering of food delivery platform Zomato opened on Wednesday, with more than 36 per cent of shares offered being subscribed in the initial hours.
The offer received bids for 26.10 crore equity shares against an IPO size of 71.92 crore, stock exchange data showed.
Retail investors sought 1.91 times the portion reserved for them. Against 12.95 crore shares reserved for retail individual investors, 24.76 crore shares were bid by 13.30 hours.
Non-institutional investors put in bids for 7 per cent against their reserved portion.
The portion set aside for employees was subscribed 6 per cent, while qualified institutional buyers have put in bids for 2.69 lakh equity shares against their reserved portion of 38.88 crore equity shares.
Shares in the IPO, which is the biggest in India this year, are being offered in a price band of Rs 72-76 per share.
Zomato has already mobilised Rs 4,196.51 crore from 186 anchor investors on July 13, a day before the issue opening. The 

IPO fundraising crosses Rs 10,000-crore mark in first 6 months of 2017

Historically, it is only the third time funds raised through IPOs has crossed the Rs 10k-crore mark

Overseas institutions are also a better bet for Adani. Tapping Indian banks, especially state-run lenders, would be a tad cheaper, but might invite greater political scrutiny ahead of general election

Adani, Adani Group

454 members voted in favour of the Bill, while two voted against it.

Lok Sabha

As they did in June, Fed policymakers at the median still see the central bank's benchmark overnight interest rate peaking this year in the 5.50%-5.75% range

US Federal Reserve

A fraction of the PLI incentives has been claimed so far, prompting the government to allocate unused funds to new sectors

Indian economy

Stock market Update on Thursday, September 21: ICICI Bank, SBI and Mahindra & Mahindra, down up to 3 per cent, were the major losers among the  Sensex 30 stocks.

bear market, stocks, sensex, nifty, loss, growth, crash, index

The Supreme Court on Monday said it wanted to "tighten up" the self-regulatory mechanism of monitoring TV news channels and granted four more weeks to News Broadcasters and Digital Association (NBDA) to come up with fresh guidelines.
A bench comprising Chief Justice of India D Y Chandrachud and Justices J B Pardiwala and Manoj Misra took note of submissions that the NBDA was in consultation with its present and former chairpersons, Justice (retd) A K Sikri and R V Raveendran, respectively, for framing fresh guidelines.
Senior advocate Arvind Datar, appearing for NBDA, sought four weeks to come up with fresh guidelines.
Appearing for the Centre, Solicitor General Tushar Mehta said the Union government has already formulated a three-tier mechanism, the first of which is self-regulation.
Senior advocate Mahesh Jethmalani, appearing for the News Broadcaster Federation of India (NBFI), said it was the only regulatory body registered with the Centre as per the 2022 rules, unlike NBDA. He

Supreme Court, Manipur violence

The company has secured an order aggregating Rs 1,015 crore from Madhya Pradesh Jal Nigam, a Government of Madhya Pradesh Undertaking (MPJN).

Three FIIs jointly acquire 2.64% stake in telecom equipment maker HFCL

HFCL Ltd

India is set to organise its first-ever Grand Prix, MotoGP Bharat 2023, from September 22 to 24. The three-day event will take place at Buddh International Circuit in Greater Noida, Uttar Pradesh

MotoGP, video game

Train traffic on the Mumbai-Ahmedabad route resumed slowly around Monday noon nearly 12 hours after it was halted when the Narmada river was flowing above the danger mark between Bharuch and Ankleshwar stations in Gujarat, Western Railway said.
Sharing an update on the situation, Western Railway's Chief PRO Sumit Thakur told PTI that the operation of trains on the route from bridge no 502 resumed slowly at around 11:30 am on Monday as the water level of Narmada river receded below the danger mark.
The operation of trains on the Mumbai-Ahmedabad route between Bharuch and Ankleshwar stations under the Vadodara division stopped after Narmada river waters surged above the danger mark at brigade no. 502 at around 11:50 pm on Sunday.
"The railway traffic over the Narmada River bridge has resumed and trains are being operated slowly with caution," Thakur said.
He said WR has already set up helpline numbers and passengers are being updated about the status of trains through a public ...

Indian Railways

The Supra Thermal and Energetic Particle Spectrometer (STEPS) instrument, a part of the Aditya Solar Wind Particle Experiment (ASPEX) payload, has started its data-gathering operations

Aditya L-1 mission, Aditya L-1 news, Isro's sun mission

The government introduced the Women's Reservation Bill in the Parliament almost three decades after it was first drafted

Parliament

Former RBI Governor Bimal Jalan said it is better if the person's expertise is considered than whether he/she is a bureaucrat or a private sector executive

TRAI

The fiscal burden of states will increase over time

pensions, funds, retirement, investments, investors, savings

Canada said it was expelling a top Indian diplomat Monday as it investigates what Prime Minister Justin Trudeau called credible allegations that India's government may have had links to the assassination in Canada of a Sikh activist.
Trudeau said in Parliament that Canadian intelligence agencies have been looking into the allegations after Sikh leader Hardeep Singh Nijjar, a strong supporter of an independent Sikh homeland known as Khalistan, was gunned down on June 18 outside a Sikh cultural centre in Surrey, British Columbia.
Trudeau told Parliament that he brought up the slaying with Indian Prime Minister Narendra Modi at the G-20 last week, that he told Modi that any Indian government involvement would be unacceptable and that he asked for cooperation in the investigation.
Canadian Foreign Minister Mlanie Joly said the head of Indian intelligence in Canada has been expelled as a consequence. "If proven true this would be a great violation of our sovereignty and of the most basic

Hardeep Singh Nijjar

MEA's statement comes after Canada expelled an Indian diplomat on Monday as it investigates credible allegations that India's government may have had links to the assassination in Canada

Canadian Prime Minister Justin Trudeau arrives for his daily press conference on COVID-19, in front of his residence at Rideau Cottage in Ottawa. Photo: PTI

Justin Trudeau

After a "successful" tour of Spain, West Bengal Chief Minister Mamata Banerjee on Thursday morning reached the UAE where she will attend a series of meetings, including a business summit, a state government official said.
Banerjee, who is scheduled to stay in Dubai till her planned return to Kolkata on September 23, will participate in a business summit and also meet a group of NRIs there, he said.
"The chief minister reached the UAE early this morning. She will be staying there for the next two days and will attend a series of meetings, including a business summit. She will also meet a group of NRIs," the official said.
Banerjee left for Spain on September 12 after a one-night stopover in Dubai, in a bid to attract investments in the state.
She visited Madrid and Barcelona in Spain. During her stay in the European country, the chief minister met several investors and held meetings with NRIs, the official said.
Among other significant developments, the Bengal government has signed

West Bengal Chief Minister Mamata Banerjee

India has won the bid to host the International Congress on the Chemistry of Cement (ICCC) here in 2027, where global leaders, academicians, and professionals would deliberate on progress of research in this sector, an official statement said.
The bid was won against UAE and Switzerland.
The department for promotion of industry and internal trade (DPIIT) said that India's leading research and academic institutes, National Council for Cement and Building Materials (NCCBM) along with IIT Delhi successfully presented India's bid before the steering committee members of the conference during the ongoing 16th ICCC at Bangkok, Thailand.
"The decision was announced on September 20, 2023 at Bangkok," it said.
The conference is the largest event of its kind which reviews the progress of research in the area of cement and concrete, it added.
The gathering has been held generally at intervals of four to six years since 1918.
Last time it was held in 1992 in the national capital.
"This even

India Flag Code

The Next generation Alexa will feature over 25 different character voices while holding a more personalized and natural conversation

Amazon alexa, Amazon alexa AI, Ai based Alexa, Amazon echo AI, Ai voice assistant amazon

Meanwhile, Union Law Minister Arjun Ram Meghwal moved the Women's Reservation Bill in the Rajya Sabha on Thursday

PM Modi, Narendra Modi

The final season of the popular Netflix show "Sex Education" will be released today, September 21. The last season will be full of laughter, fresh connection and reunion

Heatmap

funds through IPOs

More IPOs need to deliver listing pop to revive retail interest: Analysts

Zomato IPO subscribed 36% in early hours, investors across segments bid

IPO fundraising crosses Rs 10,000-crore mark in first 6 months of 2017