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Kanohar Electricals and Torrent Gas Get Final Sebi Nod for their IPO

Mumbai, June 25 – Uttar Pradesh-based Kanohar Electricals and Gujarat based Torrent Gas have received final approval from the capital markets regulator, Securities and Exchange Board of India (SEBI) for their initial public offering (IPO).   Kanohar Electricals Uttar Pradesh-based Kanohar Electricals has received SEBI final approval from the capital markets regulator, Securities and Exchange Board of India (SEBI) for its initial public offering (IPO).   The Company had filed its IPO papers with Sebi on January 23, 2026. The offer, with a face value of Rs 2, is a mix of fresh issue of shares up to Rs 300 crore and an offer-for-sale up to 14,590,000 shares by promoter – K Sons Family Trust.   The proceeds from its fresh issuance worth Rs 300 crore, Rs 130 crore will be used for funding the incremental working capital requirements of the company, and general corporate purpose.   The company will utilise Rs 66.7 crore in funding the capital expenditure requirements of t...

Advit Jewels IPO Shines with Strong Investor Demand, Issue Subscribed 212.63 Times

Non-Institutional Investors portion subscribed 536.38 times on Day 3   Mumbai, June 25, 2026 : The Initial Public Offering of Advit Jewels Limited IPO was subscribed 212.63 times on the final day of bidding. The issue received bids of 1,78,16,51,400 equity shares against the offered 83,79,300 equity shares, according to data available on the stock exchanges. Non-institutional Portion and Qualified Institutional Buyers portion were subscribed 536.38 and 174.98 times, respectively. Retail portion was subscribed 95.30 times. About the Advit Jewels Limited Advit Jewels is in the heart of India's gemstone and jewellery hub Jaipur, Rajasthan, and it is a manufacturer and seller of traditional and contemporary handcrafted fine jewellery, specializing in Kundan, Polki, diamond and studded pieces. Its brand name is Rambhajo.  The company’s expertise in craftsmanship and a keen understanding of changing customer tastes, the company blends traditional methods with contemporary designs t...

AHMEDABAD TO COLOMBO JUST GOT EASIER

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  HERE’S HOW CITY OF DREAMS SRI LANKA MAKES THE JOURNEY COMPLETE Ahmedabad, 24 June 2026: Sri Lanka is now one of the easiest international luxury getaways for travellers from Gujarat. Starting 19 June 2026, FitsAir, Sri Lanka’s first private international airline, will launch direct flights between Ahmedabad and Colombo, offering seamless access to the island nation in just 3 hours and 40 minutes. Launched in partnership with Cinnamon Hotels & Resorts, City of Dreams Sri Lanka, and Walkers Tours, the new route is set to redefine how travellers from Gujarat experience Sri Lanka for luxury weekends and family holidays to destination weddings, entertainment-led escapes, wellness retreats, and spontaneous international getaways. Commenting on the launch, Kamal Munasinghe, Senior Vice President - Colombo Hotels , Cinnamon Hotels & Resorts and General Manager, City of Dreams Sri Lanka, said : “Indian travellers are increasingly looking for international destinations that combin...

Flipkart Minutes Crosses 1,000 Micro Fulfilment Centers in Under Two Years

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Orders grow 5X from the previous year as the network expands across 130+ cities and 8,000+ pincodes Tier 2 and Tier 3 markets are driving growth with 42X scale as compared to last year, aided by new city and store expansion Gen Z emerges as the fastest-growing customer cohort as quick commerce expands beyond daily essentials into 250+ categories Bengaluru, June 24, 2026: Flipkart Minutes, the quick commerce offering from Flipkart, India's homegrown e-commerce marketplace, has scaled to 1,000 micro fulfilment centers across 130+ cities and 8,000+ pincodes, a milestone achieved in under two years since its August 2024 launch. Orders on the platform have grown 5X since the network expansion. This growth is being powered by two forces shaping the next phase of quick commerce in India: Gen Z consumers adopting quick commerce as a high-frequency shopping habit, and Bharat markets where Tier 2 and Tier 3 cities have recorded 42X scale compared to last year, as quick commerce transitions f...

Advit Jewels Limited IPO Receives Massive Response, Subscription Crosses 44 Times on Day 2

Non-Institutional Investors Portion Subscribed 121 Times on Day 2   Mumbai, June 24, 2026 : The Initial Public Offering of Advit Jewels Limited was subscribed 44.16 times on the second day of bidding, demonstrating strong demand from qualified institutional buyers (QIB), retail and non-institutional investors for this IPO. The issue received bids of 36,99,90,300 equity shares against the offered 83,79,300 equity shares, according to data available on the stock exchanges. Non-institutional Portion and Retail portion were subscribed 121.16 and 35.46 times, respectively. Qualified Institutional Buyers was subscribed 1.56 times. The issue kicked off for subscription on Tuesday, June 23, 2026, and will close for subscription on Thursday, June 25, 2026 . Leading brokerage firms like Anand Rathi, Marwadi Financial Services, SBI Securities and SMIFS Limited have given their “Subscribe” recommendation to Advit Jewels Limited, which is a Jaipur-based manufacturer and seller of traditional a...