Retail Portion of GPT Healthcare IPO fully subscribed on Day 2

  The Retail Portion of GPT Healthcare  Limited IPO  subscribed  1.25 times   on the second day of bidding. The issue  received bids of 1,67,75,440 shares against the offered 1,97,63,327 equity shares, at a price band of ₹177-186, according to the data available on the stock exchanges. Overall, the issue was subscribed 0. 85 times. Non-Institutional Investors Portion was subscribed 0.79 times, whereas Qualified Institutional Buyer Portion was subscribed 0.19 times. The  issue kicked off for subscription on  Thurs day, February 22, 2024  and will close on Mond ay, February 26, 202 4 . Leading brokerage firms like  Reliance Securities, Nirmal Bang, AnandRathi and SMIFS  have given a “Subscribe” rating to GPT Healthcare Ltd, given its strong positioning in underserved and populous healthcare delivery markets. Company’s ‘Right-sized’, full service and strategically located hospitals have led to high return on capital. Its well diversified specialty mix, location mix and ability to attract,

Federal Bank Unveils New Savings Product: Introducing Stellar Savings Account with Unparalleled Benefits

23 rd  February 2024, Mumbai -  Federal Bank proudly announces the launch of its latest offering, the Stellar Savings Account, setting a new standard in personalized banking experiences. With a commitment to enhancing the financial well-being of its customers, Federal Bank has crafted the Stellar Savings Account to revolutionize the banking landscape, providing unparalleled benefits and value-added features. The Stellar Savings Account redefines traditional banking with its comprehensive suite of benefits, tailored to meet the diverse needs of  today 's consumers. Key highlights of the Stellar Savings Account include: 1.  One-Year Complimentary Wellness Plan:  Prioritizing the holistic well-being of its customers, Federal Bank is offering a complimentary one-year wellness plan with the Stellar Savings Account. This exclusive feature underscores the bank's dedication to supporting the physical and mental health of its clientele. 2.  Insurance Coverage:  Providing peace of mind a

Bharat Highways InvIT’s Initial Public Offering of its units to open on Wednesday, February 28, 2024, price band set at ₹98 to ₹100 per Unit

Bharat Highways is issuing units  aggregating up to  ₹  25,000 million Bid/Issue Opening Date – Wednesday, February 28, 2024 and Bid/Issue Closing Date –  Friday, March 1, 2024 . The price band for the Issue is  ₹98 to ₹100 The Units are proposed to be listed on BSE Limited (BSE) and National Stock Exchange of India Limited (NSE), with NSE as the Designated Stock Exchange The sponsor for the InvIT - Aadharshila Infratech Private Limited Investment Manager for the InvIT- GR Highways Investment Manager Private Limited Bidders (other than Anchor Investors) can make bids for a minimum of 150 Units and in multiples of 150 Units thereafter. Minimum Bid Size for Bidders other than Anchor Investors is ₹ 14,700 Mumbai,  22 February, 2024 :  Bharat   Highways InvIT (the “ InvIT ”), an infrastructure investment trust established to acquire, manage and invest in a portfolio of infrastructure assets in India, and to carry on the activities of an infrastructure investment trust, as permissible under

GPT Healthcare Limited raises Rs. 157.54 crore from Anchor Investors

Mumbai, February 21, 2024: Eastern India focused GPT Healthcare, which operates and manages mid-sized multispecialty hospitals under the ILS Hospitals brand, has garnered Rs. 157.54 crores from anchor investors ahead of its initial public offering that opens for public subscription on Thursday, February 22, 2024 . The company informed the bourses that it allocated 84,69,996 equity shares at Rs. 186 per share on Wednesd ay, February 21, 2024, to anchor investors. Foreign and Domestic Institutions who participated in the anchor were Kotak Mutal Fund, Axis Mutual Fund, Bandhan Mutual Fund, Aditya Birla Life Insurance, Societe Generale, Duro One Investments Limited, India Capital Growth Fund, Copthall Mauritius, LC Pharos Multi Strategy Fund, Subhkam Ventures and DE Shaw. Out of the total allocation of 84,69,996 equity shares to the anchor investors, 38,09,760 equity shares were allocated to 3 domestic mutual funds through a total of 7 schemes amounting to Rs. 70.86 crore (approx.) i.e. 4

IT Solutions provider Orient Technologies files DRHP for IPO

Mumbai-based Orient Technologies Limited, a fast-growing information technology (IT) solutions provider, has filed its Draft Red Herring Prospectus (DRHP) with capital market regulator Sebi to raise funds for its initial public offering (IPO). The IPO has a face value of Rs 10 and consists of a fresh issue of Rs 120 crore and an offer for sale of up to 4.6 million equity shares by the Promoter Selling Shareholders.  The offer for sale consists of the sale of equity shares of up to 1,150,000 by Ajay Baliram Sawant, up to 1,150,000 equity shares by Umesh Navnitlal Shah, up to 1,150,000 equity shares by Ujwal Arvind Mhatre, and up to 1,150,000 equity shares by Jayesh Manharlal Shah. The Offer is being made through the book-building process, wherein not more than 50% of the offer shall be available for allocation on a proportionate basis to qualified institutional buyers, not less than 15% of the offer shall be available for allocation to non-institutional investors, and not less than 35%


  Dadasaheb Phalke International Film Festival Awards 2024 recognizes the brilliance of Indian Cinema while continuing the legacy of the Father of Indian Cinema. The award ceremony celebrated the most awaited occasion of the year with crème de la crème of the film fraternity. Mumbai, Maharashtra, (Date) – On the 20th of February, Dadasaheb Phalke International Film Festival Awards 2024 felicitated the most brilliant contributions to cinema with a grand ceremony at Taj Lands End in Mumbai. Like every year, India’s most prestigious award ceremony brought the heat with scintillating music and dance performances, outstanding red-carpet looks and above all an appreciation of the great talent and enormous effort put in year after year by the Film and Television industry. At the ceremony, Moushumi Chatterjee was felicitated for her Outstanding Contribution in the Film Industry. As a seasoned stalwart of the Hindi and Bengali industry, the actress has had a stellar career with films that need

Canara Bank Magazines “Shreyas” and “Canara Jyoti” win awards

Canara Bank’s in house Hindi magazine ‘Canara Jyoti’ bagged the prestigious ABCI (Association of Business Correspondence of India) award for the year 2022-23. Canara Bank was the one and only Bank to receive the award during the ceremony held at Taj land’s End, in Mumbai on 14 th February, 2024. The World Brand Congress promotes investment and economic growth especially in the financial services industry and enrich access to information, knowledge experience and expertise of professionals from other jurisdictions which will provide unique platform for bilateral relations, it will also focus on best-of-the-best practices of the BFSI Industry based on the strategy, security, customer service and the future technology challenges and Innovations. The World Banking Awards is organized to recognize the Best performances of various Banking, Finance Insurance and Mutual funds industry.