Bright News

Qualified Institutional Buyers (QIB) portion subscribed 258.71 times on Day 3 Mumbai, September 09, 2026: The Initial Public Offering of Pranav Constructions Limited was subscribed 121 times on the final day of bidding. The issue received bids of 2,71,80,43,800 equity shares against the offered 2,24,63,137 equity shares, according to data available on the stock exchanges. Qualified Institutional Buyers (QIB) and Non-institutional investors portion were subscribed 258.71 times and 208.21 times, respectively. Retail Portion was subscribed 43.33 times. About the Pranav Constructions Limited The company is a leading real estate player based on the supply of units and number of completed and under construction MCGM - Redevelopment projects in the western suburbs, with a total of 1,864 units and 34 MCGM – redevelopment projects (completed and under construction) whereas other developers have 4 to 11 MCGM - redevelopment projects, each launched between calendar year 17 – Q1 CY26 (Source: C...

Investment to fund KARAM's acquisitions and global expansion; marks the fifth investment from Motilal Oswal Alternates' ₹8,500 crore India Business Excellence Fund V 9 September, 2026, Mumbai, India: KARAM Safety Private Limited, a leading occupational safety solutions and Personal Protective Equipment company, today announced a ₹600 crore investment from Motilal Oswal Alternates , marking a significant milestone in its growth journey and global ambitions. Motilal Oswal Alternates made the investment through its India Business Excellence Fund V (IBEF V). IBEF V was closed at ₹8,500 crore in February 2026 and the investment in KARAM becomes the fifth investment from the fund. Founded in 1998, KARAM is India's largest company in the Fall Protection and Personal Protection equipment space, with a product portfolio of more than 3,800 products spanning across categories such as harnesses, lanyards, helmets, safety footwear, respiratory, hearing and hand protection among others. ...

New brand film with the message “ We move the world to change what’s possible’ brings a human perspective to the unseen world of logistics MUMBAI, INDIA – 09 September 2026:    A cup of tea, a smartphone, the clothes we wear or the car we drive; we rarely think about the journeys that make them possible. A new brand film from DP World featuring Global Ambassador Sachin Tendulkar turns the spotlight on that unseen world, revealing what it takes to move goods from where they are made to where they are needed. Bringing DP World’s ‘We move the world to change what’s possible’ message to life, the campaign follows these journeys from origin to destination, highlighting the people, technology and logistics behind their movement. Through Sachin Tendulkar’s perspective, the film moves beyond explaining logistics capabilities to show what they mean for the businesses and consumers DP World ultimately serves. The DP World brand film captures the scale, complexity and interconnectednes...

Total Offer Size - Up To 43,08,000 Equity Shares of ₹ 10 each Fresh Issue - Up To 34,46,400 Equity Shares Offer for Sale - Up To 8,61,600 Equity Shares IPO Size - ₹ 80.13 Crore (At Upper Price Band) Price Band - ₹ 177 - ₹ 186 Per Share Lot Size – 600 Equity Shares (*Bids can be made for a minimum of 1,200 Equity Shares and in multiples of 600 Equity Shares thereafter) Mumbai, September 8, 2026 – Maharaja & Speedex India Limited a manufacturer and distributor of stainless-steel bottles and allied drinkware products, proposes to open its Initial Public Offering on Thursday, September 10, 2026, aiming to raise ₹ 80.13 Crores (At Upper Price Band) with shares to be listed on the BSE SME platform. The offer size is 43,08,000 equity shares of face value of ₹ 10 each with a price band of ₹ 177 - ₹ 186 Per Share. Equity Share Allocation QIB Portion – Not More than 50.00% of the Net Offer Non-Institutional Investors - Not less than 15.00% of the Net Offer Retail Individual Investors ...

Hon’ble Prime Minister Shri Narendra Modi dedicated key sections of the Freight Corridor to the nation Mumbai, 8th September 2026: Japan International Cooperation Agency (JICA), achieved a landmark milestone, with the completion and fully operationalisation of the Western Dedicated Freight Corridor (WDFC). The Dedicated Freight Corridor has been developed with financial and technical support from JICA, in collaboration with the Dedicated Freight Corridor Corporation of India Limited (DFCCIL), the implementing agency under the Ministry of Railways, Government of India. Hon’ble Prime Minister Shri Narendra Modi today dedicated key sections of the completed Western Dedicated Freight Corridor to the nation from Vadodara, Gujarat. The three sections, New Sanad North – New Makarpura, New Umbergaon – New Saphale, and New Saphale – New JNPT, together cover a total length of 326 KM and have been constructed at a cumulative cost of ₹20,703 crore. The event at Maharashtra location was graced by t...

Retail portion subscribed 3.75 times on Day 1 Issue closes on Thursday, September 10, 2026, for bidding 8 September, Mumbai: The Initial Public Offering of Glass Wall Systems (India) Limited was subscribed 2.52 times on the first day of bidding, demonstrating strong demand from retail and non-institutional investors for this IPO. The issue received bids of 4,15,50,220 equity shares against the offered 1,64,57,298 equity shares, according to data available on the stock exchanges. Retail Portion and Non-institutional portion were subscribed 3.75 times and 3.02 times, respectively. Qualified Institutional Buyers (QIB) was subscribed 0.01 times. The issue kicked off for subscription on Tuesday, September 08, 2026, and will close for subscription on Thursday, September 10, 2026. A day before the opening of the issue, Glass Wall Systems (India) Limited had raised nearly Rs 128.4 crore from anchor investors. Brokerage houses recommend Glass Wall Systems (India) Limited Leading brokerage firm...

Mumbai, September 8, 2026: Deepa Jewellers Limited, which is an organized B2B designer, processor and supplier of hallmarked gold jewellery, primarily having operations in Telangana, Karnataka, Andhra Pradesh, Tamil Nadu and Kerala, listed at Rs 221 on the exchange, a premium of 24.9% to IPO price. The scrip reached a high of Rs 222.10 on the BSE, and Rs 222 on the NSE. The scrip closed at Rs 194.30 on the BSE, and at Rs 194.70 on the NSE. As per NSE, the total quantity traded stood at 509.32 lakh shares, on BSE the total Quantity stood at 35.07 lakh shares. Total Turnover (BSE+NSE) on Day 1 stood at Rs 1108.5 crore. The market capitalisation of the Company at today’s closing price stood at Rs 1,867.70 crore as per BSE, and Rs 1,871.54 crore as per NSE. The issue received bids of 78,91,06,332 equity shares against the offered 1,85,20,085 equity shares, according to data available on the stock exchanges. Qualified Institutional Buyers (QIB) and Retail Portion were subscribed 37.01 time...