Transcription
Let's understand today's important market triggers and news from Janhavi. Good morning Janhavi, please tell us what will be special? Absolutely, good morning. Starting with today's important triggers, first, the US trade delegation is in India today and tomorrow. If we look, they will have a meeting with Piyush Goyal regarding a trade deal. Along with this, Siyent's buyback is opening today. It will remain open until June 30th. The price has been set at ₹1125. City Union Bank board meeting is scheduled to consider raising funds for the company. And if we talk about quite a few counters, today is the ex-dividend date for which stocks like HUL, Asian Paints, Tata Power, Indian Hotels are included in the list. The anchor book for Central Mine Planning and Design Institute is opening for 2% equity. So, attention needs to be kept here as well. The IPO market looks quite hot if we look. Currently, quite a few IPOs are opening. If we talk about today, Tirtlement Fintech's IPO is closing today. Talking about the subscription figures for the first two days, this IPO has been subscribed to a total of 52%. Retail subscription has shown up to 61% so far. Waterways Leisure Tourism Cordla Cruise. Its IPO is opening today. The IPO will remain open until June 25th. The price band has been set from 769 to 908, and the lot size is 18 shares. The total issue size is 585 crore. The entire issue is a fresh issue component. If we look at anchor investors, the company has raised approximately ₹263 crore here. The second IPO opening today is Adh Jewels. This IPO will also remain open until June 25th. The price band is from 130 to 138. The issue size is 165 crore, and the entire component will be a fresh issue. The company has raised approximately ₹50 crore from anchor investors. Coming to the news, Craftsman Automation needs attention because a block deal is possible here today. A block deal of approximately 484 crore can happen. Promoter Mr. Srinivasan Ravi may be seen selling a 2% stake. The floor price set is at a discount of about 3% from the current market price. And currently, if we look at the promoter's stake, they hold a 44% stake in the company. So, attention needs to be kept here. An update has come from B Electronics Company that since May 25th, the company has seen orders worth ₹1080 crore being milled. GSW Infra's QIP is open. If we look at the QIP, the floor price is trading at a discount of about 5.5% from the current market price. And if we look at the indicative issue price, it is trading at a discount of about 7.5%. Currently, the plan is to raise about ₹7500 crore through QIP. This time, if we look, this QIP issue includes both fresh issue and OFS components. Along with this, Vodafone Idea also needs focus because if we look at the board meeting, the promoter group entity has received approval for issuing warrants. Warrants worth ₹1182 crore will be raised here. These have been raised through the promoter group entity. Syrma SGS also needs attention as they have entered into an agreement to form a JV with Kaga Electronics India. If we look at Kaga Electronics, it is a large Tokyo-based EMS company. In India, the JV will set up an EMS facility and will focus on providing services to Japanese clients. And Apar Industries also needs focus because its subsidiary has entered into an agreement with Saudi Aramco Base Oil. In the agreement, they have entered into a contract to supply base oil in Yunup.