Transcription
Here are the important news and triggers for today's market, Janvi is with us to tell them. Good morning Janvi. Tell us, what will be special today? Good morning. To start with today's important triggers, we need to keep an eye on Equit Sal Finance Bank, as the company will be seen considering raising funds in the board meeting. Along with this, the open offer from Novatis by Wave Rise Investments will close today. The company had brought an open offer for 26% equity at a price of ₹868. The ex-date for ZF Commercial Vehicle's bonus ratio is 5:1, and the record date for Bajaj Auto's buyback. The company plans to buy back 46.94 lakh shares at a price of ₹1200. There is an important cabinet meeting at 11:00 AM. So, we will have to keep an eye on the updates that come from here as well.
Looking at primary market updates, quite a few updates are coming in, among which the first is Water Ways Leisure Tourism, and today is its first and second day. Talking about the update on the first day, very good strong subscription figures were seen from retail. If we look at 99%, subscription figures are coming in from retail. Adv Jewels is also on its second day today. If we look at the first day, the IPO was subscribed a total of 11 times. If we look at retail subscription, it is also coming in at more than 11 times. CSM Technologies IPO will open from today. This IPO will remain open until June 29. The price band has been set at 107 to 113 crore, and the lot size is 132 shares. The issue size is 146 crore, and the company has raised approximately ₹20 crore from anchor investors. Meanwhile, Turtlement Fintech Solutions IPO closed yesterday. Total subscription was 1.2 times. If we look at retail subscription, it was also around one time. So, muted responses were seen here.
In the news, we need to keep a focus on Honasa Consumer because the company has entered a new business segment. The company has entered the Nutra-ceutical segment. In Fluence Pharma, the company has bought a stake of approximately 58% at an equity valuation of 135 crore. This is a 58% holding, and the company will buy the remaining holding in the next 5 to 7 years. So, a big update is coming from the company. Regarding Rajesh Exports, there has been a major action by the ED. The ED has conducted raids at several locations. The ED has conducted raids in Bengaluru and several other places. So, we will have to keep an eye on this.
IRFC will sell a 2% stake through OFS by the government. The green shoe option is included in this. The floor price is at a discount of approximately 7.8% from the current price. The OFS will open today for non-retail and tomorrow for retail. Infosys has a big update coming from the company. There is a company called Global Foundries, which is a global leader in semiconductor chips. They have entered into an agreement with them. They will be seen entering into this agreement to provide AI services and managed services. So, a good update is coming from Infosys. Yes Bank will also consider raising funds in a board meeting on June 29. And Rashi Peripherals has bought a 67% stake in Vida Infosessions. The company has bought this stake in an all-cash deal for approximately 359 crore.
Focus is on both REC and PFC companies because both companies have board meetings to get approval from shareholders and creditors for the merger. The meeting will be held on June 29. Companies like Ware Energy and Piramal Energy will also need to be focused on. Okay. So, these are all the major news and triggers, Janvi. Thank you. Full details.