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Telangana-based Standard Glass Lining Technology Limited, one of the top five specialized engineering equipment manufacturers for pharmaceutical and chemical sectors in India, in terms of revenue in Fiscal 2024, has filed its draft red herring prospectus (DRHP) with capital market regulator Securities and Exchange Board of India (SEBI) to mop up funds through an initial public offering (IPO).  The IPO, with a face value of ₹10 each, is a mix of fresh issuance of Rs 250 crore and an offer for sale of up to 18.44 million equity shares by promoters and Other Selling Shareholders. The offer for sale consists of up to 5.20 million equity shares by M/s S2 Engineering Services, up to 4.90 million equity shares by Kandula Ramakrishna, up to 4.13 million equity shares by Kandula Krishna Veni, up to 7.65 lakh by Nageswara Rao Kandula, up to 5.04 lakh equity shares by M/s Standard Holdings, up to 5 lakh equity shares by Katragadda Venkata Ramani, 3.50 lakh equity shares by Venkata Siva Prasad Kat

Delhi-based Event Management Company Mach Conferences and Events Limited providing comprehensive array of services for MICE (Meeting, Incentives, Conferences, Exhibitions) and Events sector, has filed its draft red herring prospectus (DRHP) for its initial public offering (IPO) on the SME platform of BSE Limited (BSE SME). The IPO, with a face value of Rs 10 per equity share, is a mix of fresh issue of up to 22.29 lakh equity shares and an offer of sale up to 33.39 lakh equity shares by Promoters. The offer also includes a reservation for a subscription by market makers in the market maker reservation portion. The Offer for Sale includes sale of equity shares up to 30.04 lakh equity shares by Amit Bhatia, and up to 3.34 lakh equity shares by Laveena Bhatia. The issue is being made through the book-building process, wherein not more than 50% of the net offer shall be available for allocation on a proportionate basis to qualified institutional buyers, not less than 15% of the net offer s

Friday, 26 July 2024:  State-run insurer Life Insurance Corporation of India (LIC) touched a new lifetime high of Rs 1178.60 on BSE. Prior to this, on 9th February 2024, the stock had hit its lifetime high of Rs 1175 a share. Adding to the remarkable performance, year to date, the stock has given a 38.61% return much higher than the benchmark index, Sensex and Nifty which have given a return of 11.24% and 12.86% respectively. Surging to a new all-time high in  today 's trade, the company's market capitalization reached ₹7.34 lakh crore, securing its position as the eighth-largest listed company in India and the second foremost among government-listed PSU companies after State Bank of India. Taking the stock's current market price of ₹1,171.40 apiece, the stock is trading 21.71% higher than its IPO price. On the other hand, on a year-to-date basis, Private Life Insurers like HDFC Life Insurance Company Ltd rose 6.31%, ICICI Prudential Life Insurance Company Ltd rose 32.93% a

Mumbai/ Bengaluru July 24, 2024:  Bengaluru-based Unimech Aerospace has successfully raised Rs 250 crore from prominent investors Steadview Capital Mauritius Limited, ValueQuest Scale Fund, and Evolvence India Fund IV Ltd at a post-money valuation of Rs 3,250 crores, as a part of the Company's private placement round. Anand Rathi Advisors provided advisory services for this transaction. Unimech Aerospace specializes in manufacturing high-precision tooling for aero-engines and airframes, along with complex high-precision components, assemblies, and electro-mechanical turnkey systems for the aerospace, defense, energy, and semiconductor industries. Their advanced capabilities and commitment to quality make them a trusted partner for some of the global OEMs and Tier 1s in the industry. Reflecting on the fundraise and its utilization, Anil Puthan, Chairman and Managing Director of Unimech Aerospace, said , "From our humble start in 2016 as a bootstrapped team of five, we've gr

New Delhi, 24 th  July 2024:  Rays Power Infra, a leading player in the solar EPC and turnkey solution sector, proudly announces the successful closure of a fundraising of INR 127 crores as equity capital. The company is also gearing up to file its   IPO Draft Red Herring Prospectus (DRHP)  in the last quarter of the year, setting the stage for further fundraising to support its ambitious growth plans This latest round brings the total funding raised by the company to nearly INR 200 crores over the past few months. The impressive traction received by Rays Power Infra highlights the growing confidence in its vision and execution capabilities. The recent funding round saw participation from a diverse array of investors, including high-net-worth individuals (HNIs), family offices, funds, and partners in Alternative Investment Funds (AIFs). Despite this significant infusion of capital, the company managed to maintain a dilution of less than 5% in this round, demonstrating strong investor c

  ~ With its 5th edition, the brand reaffirms its commitment towards educating salonists and beauty professionals  ~ Mumbai, 24 July 2024  - Streax Professional, a trendsetter in professional hair care, dazzled at the 5th edition of its MEGA SHOW 2024 in Mumbai, celebrating creativity and skill in the salon industry. Held at The Lalit on July 22, 2024, this one-day extravaganza showcased cutting-edge techniques and trend-setting styles. The MEGA SHOW 2024 was an immersive experience, providing a dynamic platform for cut, color, and style enthusiasts. The event showcased six extraordinary looks from Streax Professional’s highly anticipated SPECTRUM collection, captivating the audience with its vibrant and versatile themes. Designed to educate and inspire, the event highlighted Streax Professional’s unwavering commitment to enhancing the skills and knowledge of salon partners. It emphasized the brand’s position as a fashion-forward authority in the beauty industry. With hands-on sessions