Stock Market - FiniPot

Finance News

SEBI Bars Trafiksol, Promoters from Securities Market for One Year Over IPO Irregularities

India's SEBI has banned Trafiksol ITS Technologies and its promoter-directors, Jitendra and Poonam Das, from the securities market for one year and fined them Rs 1.05 crore. The action follows SEBI's findings of financial disclosure irregularities, undisclosed conflicts, and the use of a fabricated vendor quotation in the company's September 2024 SME IPO.

Finance News

Max Estates Acquires 84-Acre Delhi Land Parcel for Rs 420 Crore Via Share Swap

Max Estates has acquired an 84.71-acre land parcel in West Delhi for Rs 420 crore via a share-swap deal. The company plans to develop residential and commercial projects, expecting a revenue of Rs 10,000-12,000 crore, marking its entry into the Delhi housing market.

Stock Market

Blackstone Proposes Sale of Up to 25.03% Stake in India’s Knowledge Realty Trust

Blackstone plans to sell up to 25.03% of Indian REIT Knowledge Realty Trust via an offer for sale, with a base stake of 16.69% and an oversubscription option. The floor price is 108 rupees per unit, valuing the total stake at $1.26 billion.

IPO News

ESDS Software IPO Anchor Book Heavily Dominated by Domestic Mutual Funds

ESDS Software's IPO anchor book saw strong demand from domestic mutual funds, which accounted for over 81% of the allocation. The company aims to raise INR 216 crore at INR 429 per share. The IPO opens on August 28, 2026.

Finance News

Avaada Electro Files Draft Prospectus for 7,600 Crore Initial Public Offering

Avaada Electro Private Limited has filed a DRHP for an Initial Public Offering (IPO) to raise approximately 7,600 crore. The renewable energy solutions provider aims to list on the Indian stock exchanges, subject to regulatory approvals.

Finance News

Avaada Electro Files Draft Red Herring Prospectus for 7,600 Crore IPO

Avaada Electro has filed its Draft Red Herring Prospectus (DRHP) with SEBI for an Initial Public Offering (IPO) to raise 7,600 crore. The renewable energy component manufacturer aims to list on the stock exchange, subject to regulatory approvals.

Finance News

Avaada Electro Files Draft IPO Papers for Rs 7,600 Crore Offering

Avaada Electro Private Limited has filed its draft IPO papers with Indian regulators, seeking to raise 7,600 crore. The company plans to use the proceeds for capital expenditure and general corporate purposes, signaling a move to expand its presence in the renewable energy manufacturing sector.

Finance News

UK Stocks and Shares ISA Could Generate Passive Income, Analysis Suggests

A 7,000 investment in a UK Stocks and Shares ISA, targeting an average 7% dividend yield, could potentially generate 490 annually in passive income. Reinvesting dividends over 10 years, with assumed capital growth, could grow the investment significantly, the analysis suggests.

Finance News

Aptus Pharma Targets Manufacturing Boost and Market Expansion

Aptus Pharma Limited is focusing on enhancing manufacturing capabilities, expanding its Pan-India presence, and exploring global market opportunities to fuel its next growth phase. The company plans to invest in production infrastructure and strengthen distribution networks.

Finance News

ESDS Software Solution Raises Rs 216 Crore From Anchor Investors Ahead of Rs 720 Crore IPO

ESDS Software Solution has raised Rs 216 crore from anchor investors ahead of its Rs 720 crore IPO, which opens August 28. The company, a provider of AI-enabled cloud and data centre solutions, will use the IPO proceeds for infrastructure expansion and general corporate purposes. Domestic mutual funds were key anchor investors.