Markets

Tempsens Instruments IPO Soars Past 28X Subscription; GMP Suggests Massive Listing Gains The Initial Public Offering (IPO) of Tempsens Instruments has garnered exceptional investor interest, seeing a subscription rate exceeding 28 times by 10:15 am on August 24, according to the National Stock Exchange (NSE). The Rs 650-crore issue witnessed strong demand across both institutional and retail investor categories.The IPO sought a total of Rs 650 crore through the public issuance. It offered 43,09,00,350 shares against 1,51,81,667 shares on offer. Non-Institutional Investors (NIIs) spearheaded the demand with a subscription rate of 78.20 times. Retail Individual Investors (RIIs) also demonstrated robust interest, resulting in a 21.31...

IPO Mania Booms: 12 Public Issues Worth Over ₹3,700 Crore Open This Week as Market Activity Surges The Indian primary market remains packed this week (starting August 24) as 12 new public issues are set to open, attracting significant capital. A total of nine companies will also begin trading on the exchanges, ensuring a highly active period for investors across both mainboard and SME segments.Key IPO Launches and Offerings This Week The initial week is witnessing several major launches. Symbiotec Pharmalab has launched an IPO seeking ₹1,757 crore. This offering involves an Offer For Sale (OFS) of shares worth ₹1,607 crore, alongside a fresh issuance of ₹150 crore.Skyways Air Services, a logistics and freight forwarding company...

Shankesh Jewellers IPO: Subscription Reaches 2.8x as Grey Market Premium Signals Modest Gains Ahead of Debut The market debut of Shankesh Jewellers is fast approaching, with indicators suggesting a controlled listing rally. The company’s initial public offering (IPO) garnered a significant degree of interest during its bidding period, showing strong demand from institutional and retail investors alike. The IPO was successfully subscribed at 2.8 times the shares offered.The Non-Institutional Investors (NII) category spearheaded the demand, with a subscription ratio reaching 5.68 times. Retail investors also contributed substantially to the interest, achieving a solid subscription rate of 2.42 times. This strong response comes ahead of...

Garden Reach Shipbuilders and YIL Unveil Multi-Project Expansion with Over ₹3,300 Crore Investment A significant step for India’s shipbuilding and defence manufacturing sector was marked on August 23, 2026, when the foundation was laid for five brownfield expansion projects by Garden Reach Shipbuilders & Engineers Ltd. (GRSE) and Yantra India Limited (YIL) in Kolkata. The expansion is set to bolster indigenous shipbuilding capabilities and advanced defence manufacturing.The ceremony, held at GRSE Bhavan, was attended by Shri Rajnath Singh, Defence Minister of India, Shri Suvendu Adhikari, Chief Minister of West Bengal, and senior officials from the Ministry of Defence and both PSUs.GRSE Capacity Expansion Projects The three projects...

<h1>Kellton Selected to Build AI-Driven Enterprise Claims Management Platform for U.S. Healthcare Company</h1>Kellton, an AI-led digital transformation and enterprise technology consulting company, has been chosen by a leading U.S. healthcare administration and claims management organization to design and build a comprehensive AI-driven enterprise claims management platform. This strategic partnership aims to modernize complex claims operations by establishing a unified digital architecture, thereby accelerating intelligent automation and improving operational visibility across the entire claims lifecycle.The scope of the engagement involves migrating healthcare, dental, and workers' compensation claims operations onto a single...

Varroc Engineering Ltd Schedules Meeting with Mahindra Manulife Mutual Fund Varroc Engineering Limited has announced that its representatives will participate in a meeting with an institutional investor. The conference call or physical meeting is scheduled with Mahindra Manulife Mutual Fund.The meeting is set for Thursday, August 27, 2026, at 12:00 noon. The session will be held in Pune and is scheduled as an in-person gathering.The company stated that the discussions with the institutional investor will be based on publicly available information. Furthermore, representatives of Varroc Engineering Limited confirmed that no unpublished price sensitive information (UPSI) is intended to be shared during the meeting.The management...

Dwarikesh Sugar Industries Confirms Stock Price Fluctuation is Market Driven Dwarikesh Sugar Industries Limited has addressed recent concerns regarding the movement of its equity shares, clarifying that the fluctuations are purely market driven and not linked to any undisclosed material information.The company stated that there is no unpublished price sensitive information (UPSI) or any other material information pertaining to the company that has not already been disclosed to the Stock Exchanges.Dwarikesh Sugar Industries confirmed that it has been making timely disclosures of all material events. The company reaffirmed its commitment to ensuring full compliance with applicable regulations and will continue to make timely...

Promoter's Stake Rises as Apis India Ltd Receives Inter-se Transfer of Shares Apis India Ltd has seen an increase in its Promoter group's holding following the inter-se transfer of equity shares. Mr. Amit Anand, identified as the Donee, acquired 1,07,00,000 shares through a gift from the company.The acquisition, which took place on June 16, 2026, resulted in Mr. Amit Anand's total holding rising. Prior to the transaction, Mr. Amit Anand held 2,44,85,825 shares, constituting 17.78% of the company's total share capital.The transaction details, which was categorized as an Off-Market Inter-se-Transfer by way of Gift, are summarized below:Holding CategoryBefore AcquisitionAfter AcquisitionShares Carrying Voting Rights2,44,85,825...

Vishal Mega Mart Shares Surge Post Key Management Appointment | Apollo Tyres Rallies After Brokerage Upgrade Stock-specific news and corporate developments are dominating Dalal Street as investors move past the Q2 earnings season. The market is keenly tracking block deals, regulatory actions, and significant managerial appointments across various sectors.Corporate Catalysts Drive Stock Moves for Mega Mart and Pharma Stocks Vishal Mega Mart Company experienced a sharp rally, with its share price jumping 9 percent in response to major management news. Gunender Kapur has been appointed as the Managing Director and Chief Executive Officer of the company. His appointment spans three years, effective from June 27, 2024.Jubilant Pharmova...

HARDIK DESAI FAMILY TRUST ACQUIRES SHARES IN TRIDENT TEXOFAB LIMITED HARDIK DESAI FAMILY TRUST, operating as a Promoter Group entity, has increased its holding in Trident Texofab Limited through an open market acquisition. The trust’s stake in the textile company has risen following the recent transaction.The acquisition involves HARDIK DESAI FAMILY TRUST, which belongs to the Promoter Group, acquiring shares in Trident Texofab Limited. The target company, Trident Texofab Limited, is listed on the BSE Ltd.Prior to the acquisition, HARDIK DESAI FAMILY TRUST held 10,19,691 shares in Trident Texofab Limited, representing a 6.79% holding.The trust acquired 1,018,591 shares of Trident Texofab Limited through the open market.Following...

Indian Hotels Company Approves Scheme of Arrangement to Merge Oriental Hotels Limited, Aims to Simplify Group and Boost Profitability Indian Hotels Company Ltd (IHCL), a Tata Enterprise, has announced the approval of a scheme of arrangement to amalgamate Oriental Hotels Limited (OHL) into the company. This strategic move is part of IHCL's group simplification strategy, aiming to unlock assets and enhance the financial profile of the organization.The merger involves the addition of seven hotels to IHCL Standalone, including three freehold properties. This transaction is designed as a win-win merger, potentially creating value for both companies and their shareholders.IHCL and OHL Boards have approved the scheme of arrangement, which...

Prakash Bhoorchand Shah Acquires Shares in New Markets Avenue Ltd via Preferential Allotment Mr. Prakash Bhoorchand Shah has completed the acquisition of shares in New Markets Avenue Limited, which was previously known as New Markets Advisory Limited. The transaction, which occurred on August 13, 2026, was executed through a preferential allotment.The acquisition involves Mr. Shah obtaining shares in the company, with his holdings remaining constant both before and after the transaction. The details of the shareholding and the target company’s capital structure are outlined below.The acquisition was against a total share capital and voting capital of 1,02,40,000 equity shares of Rs. 10/-.Acquisition DetailsHolding StageShares...

<h1>P.K.L Solution Private Limited Sells 6 Lakh Shares in Vivo Bio Tech Ltd</h1>M/s. P.K.L Solution Private Limited, a promoter group entity, transferred 6,00,000 equity shares of Vivo Bio Tech Limited on August 21, 2026. The transaction represents a significant move in the shareholding structure of the company.The shares sold by M/s. P.K.L Solution Private Limited were carried by the company’s promoter group. The sale involved the disposal of 6,00,000 shares, which constituted 2.70% of the total shares/voting capital and 2.05% of the total diluted share/voting capital of Vivo Bio Tech Limited.Prior to the disposal, the equity share capital of Vivo Bio Tech Limited stood at 2,21,90,628 Equity shares of Rs. 10 each, aggregating Rs...

Kaynes Tech, Dixon, Syrma Stocks Surge as Government Unveils Massive ₹62,500 Crore Mobile Manufacturing Scheme The shares of key electrical equipment manufacturers, including Kaynes Tech, Dixon Tech, and Syrma SGS, rose significantly on Monday. This rally followed the government's formal notification of a new Mobile Phone Manufacturing Scheme (MPMS). The scheme carries a budgetary outlay of ₹62,500 crore, aiming to boost domestic value addition and ensure technological sovereignty in India's mobile industry.Key Incentives Under the Mobile Phone Manufacturing Scheme The Ministry of Electronics and Information Technology (MeitY) notified the MPMS through its press release on Friday. The scheme is designed to support Indian mobile phone...

Insolation Energy Ltd Receives Letter of Award for 99 MW Solar Power Projects Insolation Energy Limited has secured a significant contract, marking a major step in its renewable energy expansion. The company's wholly owned subsidiary, Insolation Green Energy Private Limited, has received a Letter of Award (LOA) from the Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL).This LOA covers the setup of nine solar power projects across various territories in Maharashtra. These projects are part of the Mukhyamantri Saur Krushi Vahini Yojana - 2.0 initiative.The projects, which were awarded following a Tariff based Competitive Bid by MSEDCL, represent a substantial opportunity in sustainable energy generation.Project Details...

HFCL, Leela Palaces Smash Records: Momentum Stocks Target 52-Week Highs Amid Market Buildup While broader market sentiment remains cautious due to a short on fresh fundamental triggers, several stocks demonstrated powerful technical momentum on August 21. These names moved strongly, trading above key moving averages and achieving significant milestones, underscoring the resilience of specific sectors. The stock movement was characterized by clear trends, with some companies shattering one-year records while others faced sharp downward pressures relative to their historical averages.Stocks Reaching 52-Week Highs And Upper Circuit Buzz A notable trend observed across the market was the persistent buying interest seen in multiple stocks...

GMP Jumps to 48%: Augmont Enterprises IPO Enters Day Two With Strong Demand and High Growth Potential The Augmont Enterprises Initial Public Offering (IPO) has seen a surge in interest on its second day of bidding, with the Grey Market Premium (GMP) climbing significantly. The company continues to attract strong investor attention, underpinning expectations of a premium listing if the momentum holds through the final offering period.As of today, the IPO's GMP stands at Rs 380, or 48%. Considering the upper price band set at Rs 788 per share, the estimated listing price based on this trend could reach around Rs 1,168 per share. This escalating premium suggests robust market confidence in Augmont’s growth trajectory and strategic...

TVS Supply Chain Solutions and Sankyu Inc. Partner to Drive Growth in Supply Chain and Engineering Services TVS Supply Chain Solutions Limited (TVS SCS), a global supply chain solutions provider, and Sankyu Inc., a Japan-headquartered logistics and engineering company, have signed a strategic Memorandum of Understanding (MoU). The partnership aims to collaborate across supply chain and engineering services, establishing a platform to unlock growth opportunities across key industrial sectors.As part of the agreement, Sankyu intends to acquire a 0.5% equity stake in TVS SCS, subject to customary regulatory approvals.The alliance combines TVS SCS’s extensive supply chain capabilities and strong market presence with Sankyu’s engineering...

<h1>Grand Continent Hotels Enters Revenue Sharing Agreement to Manage Hotel in Varanasi</h1><p>Grand Continent Hotels Limited (GCH) has executed a Revenue Sharing Agreement with M/s Fairlink Shoppers Private Limited. The agreement outlines the terms for Grand Continent Hotels to operate and manage a hotel facility located in Varanasi.</p><p>The partnership, established on August 22, 2026, dictates that GCH will take charge of the property to operate it as a hotel. The facility is located at House Nos. B.20/47-A and B.20/47-B, which forms part of Arazi Nos. 650, MI 650 and MI 650/1 in Mauza and Mohalla Bhelupur, Pargana Dehat Amanat, District Varanasi, Uttar Pradesh.</p><p>Under the agreement, GCH will operate the property under...

Lalithaa Jewellery IPO Stock Surges Above 31% Premium After Highly Subscribed Listing Retail Debut: Lalithaa Jewellery Shares List at ₹265 on NSE and BSE Lalithaa Jewellery Mart made a solid debut in the stock market on Monday, listing its shares at a significant premium over the initial public offering (IPO) price. The company's primary issue saw an exceptional subscription rate of 62.97 times, indicating strong investor interest in the jewellery retailer.The IPO aimed to raise ₹1,700 crore, with a set price band ranging from ₹190 to ₹201 per share. Despite the high demand, the market debut witnessed a gain slightly lower than the 37 percent that many analysts had anticipated for the listing day.On the National Stock Exchange...