Stock Market

SME IPO

Madhur Knit Seeks Capital Through NSE SME IPO Offering

Madhur Knit launches its IPO on the NSE SME platform, offering 500,000 equity shares at 115 each. The IPO opened on May 30, 2024, and closes on June 4, 2024, aiming to raise capital for expansion and working capital needs.
SME IPO

Madhur Knit Files for IPO on NSE SME Platform

Madhur Knit has filed for an IPO on the NSE SME platform, seeking to raise capital for business expansion. The filing is a preliminary step, with further details on the offering expected in the company's DRHP.
Finance News

UK Stocks Rise as Oil Prices Dip; Melrose Surges on Investigation Clarity

UK stocks, led by the FTSE 100, closed higher as oil prices eased and investors awaited U.S. inflation data and Nvidia's earnings. Melrose Industries surged 10% after resolving a legal investigation. U.S. markets also advanced, with Nvidia showing early gains. German business sentiment improved, while UK retailers Next and housebuilder Vistry saw significant gains.
Stock Market

Welspun Corp Promoters and CEO to Sell 6.3 Million Shares in Block Deal

Welspun Corp's promoters and CEO plan to sell up to 6.3 million shares in a block deal, potentially raising Rs 1,417.5 crore. The sale, at a floor price of Rs 2,250, represents about 2.4% of outstanding shares. The transaction is fully secondary and subject to a 90-day lock-up for the sellers' remaining stake.
SME IPO

Madhur Knit Seeks Funds Via NSE SME IPO

Madhur Knit, a knitted garment manufacturer, is launching an IPO on the NSE SME platform to raise capital for expansion and working capital. Details on the issue size and price are forthcoming.
SME IPO

Madhur Knit Plans Initial Public Offering on NSE SME Platform

Madhur Knit is preparing to launch an Initial Public Offering on the NSE SME platform to raise funds for expansion. Details on the IPO's price band, subscription dates, and offering size are pending. The company operates in the textile manufacturing sector.
Finance News

SEBI Drops Proceedings Against Max Financial, Axis Bank in Max-Axis Deal Case

SEBI has closed proceedings against Max Financial Services, Max Life Insurance, and Axis Bank in the Max-Axis Life Insurance deal case. The regulator found allegations of disclosure lapses and fraud not established, citing insufficient evidence and considering the legal framework at the time of the transactions.