Wednesday, September 16
Hundreds of millions of people live along its path -- in giant metropolises and in isolated mountain towns -- tethered by a common geological fate forged by tectonic forces churning deep beneath their feet. The Pacific "Ring of Fire," as it has been described for more than a century, is a chain of seismologically and geologically active regions that encircle the Pacific Ocean, where many of the world's biggest earthquakes, volcanic eruptions and tsunamis occur. It spans a horseshoe-shaped area winding from New Zealand, through parts of Southeast Asia, through Japan, Alaska, down through the west coast of North and South America. Some of the most devastating mass disasters, in recent memory and in distant history, have occurred along the ring: Japan's Fukushima disaster in 2011; the Great C
The Rs 254.26 crore initial public offering (IPO) of Laxmi India Finance, a Rajasthan-based non-banking financial company (NBFC) focused on MSME and vehicle loans, was subscribed 50% on the second day of bidding on Wednesday, driven by strong interest from retail and non-institutional investors.By 11:00 AM on day 2, the retail tranche had been bid by 83%, while the non-institutional investor (NII) category saw 26% subscription. The quota for qualified institutional buyers (QIBs) received 10% bids.Laxmi India Finance IPO GMPAs of July 30, the grey market premium (GMP) for Laxmi India Finance IPO stood at Rs 8.25. With the IPO’s upper price band set at Rs 158 per share, the implied listing price is Rs 166.25, a gain of about 5.2%.Issue structure and use of proceedsThe IPO, which opened for
The initial public offering (IPO) of Sri Lotus Developers opened for subscription on Wednesday, July 30. As of 10:12 AM, overall subscription stood at 5%, with interest largely driven by retail and non-institutional investors. The IPO will remain open until August 1. In the grey market, shares are quoting at a premium, indicating a potential listing gain of around 29% over the upper price band of Rs 150 per share.Sri Lotus Developers IPO Subscription StatusRetail investors subscribed to 7% of the 1.97 crore shares allocated to them, while NIIs—such as high-net-worth individuals—subscribed to 9% of the 84.64 lakh shares reserved for their category. Meanwhile, Qualified Institutional Buyers (QIBs) have not placed any bids yet for their allotted 1.12 crore shares. However, it's worth noti
