Bollywood actor Shilpa Shetty, husband Raj Kundra booked in fraud case
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
2 minutes ago
- Economic Times
As IPO frenzy cools, companies slash issue sizes to attract investors
Investor optimism cooled in 2025, leading numerous companies, including NSDL and JSW Cement, to reduce their IPO sizes. This adjustment comes amid a surge of new share sales, creating a competitive market where investors have ample choices. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads A moderation in investor optimism in 2025 has forced various companies to scale down the sizes of their Initial Public Offerings (IPO) of January, at least 15 companies, such as NSDL Ather Energy , SK Finance, Bluestone, Schloss Bangalore (Leela Hotels), Swastika Infra, and MobiKwik, among others, have pared their offer values to ensure their issues sail through amid a deluge of share far in 2025, 48 companies have raised ₹64,135 crore through IPOs. In 2024, 90 IPOs raked in ₹1,59,535 crore."The supply of IPOs currently is too much, whether SME or main board, both have a very high supply of companies coming to list," said Priyesh Jain, founder and director at Socradamus Capital Pvt Ltd, a merchant banking firm. " So, investors have a lot of options and the liberty to choose where to invest."JSW Cement cut its offer value from ₹4,000 crore to ₹3,600 crore, Ather Energy from ₹3,100 crore to ₹2,626 crore, SK Finance from ₹2,200 crore to ₹1,600 crore, Bluestone from ₹1,000 crore to ₹820 crore, and Schloss Bangalore (Leela Hotels) from ₹5,000 crore to ₹3,500 crore. NSDL reduced the total number of shares in the offer from 5.73 crore shares to 5.01 cut its issue size three times from an initial ₹1,900 crore in 2021, to ₹700 crore in January this year, to ₹572 pushback on IPO valuations has also prompted companies to trim the offer sizes. "IPO sizes are being cut partly because valuations are not matching initial expectations, and investors are seeking a margin of safety," said Bhavesh Shah, managing director and head of Investment Banking at Equirus Capital. "This is prompting promoters to sell fewer shares than originally planned."Uncertain stock market conditions have crimped companies' ability to price IPOs aggressively, though valuations are still at a premium to long-term averages."Institutional investors are wary of such high valuations, as shares often decline significantly within a year of listing," said Deep Shah, senior manager at Unistone Capital Pvt Ltd, a Mumbai-based merchant banking firm. "With numerous IPOs coming up, new companies struggle to command high valuations without peer comparisons."Sebi rules allow companies to increase or reduce IPO size by up to 20% between the draft prospectus and the final offer document, giving issuers room to adjust to market conditions. Companies decide the proportion of the fresh share issue versus the offer for sale depending on these factors."Many now see IPOs not as an end game or a full monetisation event, but as the first step toward long-term value creation and partnership with new investors," said Shah of Equirus.
NDTV
2 minutes ago
- NDTV
5 Men Jailed For Life For Murdering Gurugram Local BJP Leader
Gurugram: A Gurugram court has sentenced five convicts to life imprisonment for the murder of local BJP leader and ex-vice president of the Sohna market committee, Sukhbir Khatana alias Sukhi, police said on Thursday. The court of Additional Sessions Judge Sunil Kumar Diwan also slapped a fine of Rs 1 lakh on each of the convicts, they said. The STF had arrested 20 persons for reportedly conducting a recce and carrying out the murder, police said. On September 1, 2022, BJP leader Khatana, a resident of Rithoj village, was gunned down in broad daylight by armed assailants at a Raymonds showroom on the Gurdwara Road near Sadar Bazaar when he was buying clothes. Anurag, the son of the deceased, accused the involvement of Khatana's brother-in-law Chaman and his accomplices in the murder. Based on his complaint, an FIR has been registered at the Civil Lines police station. After a brief investigation, the case was transferred to the Special Task Force (STF), which arrested 20 persons, including Chaman alias Pawan, politician Rohtas Khatana's brother Joginder, and gangster Vikram Singh alias Papla Gujjar. After hearing both sides, the court sentenced five out of the 20 accused on Monday, including Chaman, Yogesh, Deepak, Arun alias Ankul and Rahul. Khatana held the post of vice-chairman of the Sohna Nagar Parishad. His wife Pushpa is presently the councillor from Ward No. 2. Pushpa's brother Chaman had a grudge against Khatana due to his court marriage with his sister, police said. According to police, Chaman conducted a recce of Khatana more than 10 times.
Hans India
2 minutes ago
- Hans India
TG govt ‘renews' Rythu Bima, tweaks eligibility rules
Hyderabad: The state government has 'renewed' the Rythu Bima scheme for 2025-2026, with the last date for farmers to submit fresh applications for the scheme ending on August 12. Meanwhile, the government going ahead with its plans for compiling data of new beneficiaries and tweaking rules. Rythu Bima, an insurance scheme, is meant to provide financial support to families of farmers who die unexpectedly. The current policy expired on August 13. 'More than two lakh applications have been received from new beneficiaries of Rythu Bima and some of them were rejected due to various reasons', officials told 'The Hans India'. If everything goes fine, about 48 lakh farmers, including the fresh applicants, will be eligible to get Rs 5 lakh life insurance cover under the scheme. The applications will be considered from the farmers who had registered their lands in Bhu Bharati and CCLA (Chief Commissioner of Land Administration). Secretary to Agriculture Department M Raghunandan Rao has instructed all the department officials, mainly Agriculture Officers (AOs), to consider applications from farmers who own lands up to 5 acres only. 'The farmers' insurance scheme will be applicable to only those who possess 5 acres of land', officials said. The Agriculture Officers conducted field verification before shortlisting the new beneficiaries. All the old beneficiaries were asked to submit applications for renewal and those are being uploaded on Rythu Bima portal. Officials said that the authorities were verifying the land documents in Bhu Bharathi and CCLA as the government has mandated that only farmers who registered their lands in the two official portals would be considered eligible to avail of the scheme benefit. The new guidelines also state that farmers who own lands in more than one village are eligible for one insurance policy for the entire family. Complicating matters for the coming year, the Agriculture Department has been constrained to write a letter to the finance wing seeking requisite funds to help pay the insurance premium to the Life Insurance Corporation (LIC) in one go. For, the insurance company is not accepting the government's request to be allowed to pay the premium amount in installments due to financial crisis. According to one estimate, the scheme requires around Rs. 1,500 crore this year, up from last year's Rs. 1,477 crore premiums for 41 lakh farmers. Officials said that the Finance Department should provide adequate funds to pay the premium amount of Rs 1,500 crore in one go to prevent hurdles for beneficiary farmers in availing of the scheme benefit.
