Auto Sector

The first half of FY24 saw a surge in the number of IPOs. What is interesting is that barring one IPO, the others are all trading at a premium. Aggregate oversubscription had been around 29-30 times for IPOs overall in the first half of the fiscal.

Since September 1, 2023, the company has begun scheduling test drives for consumers who have made reservations.

The company did not disclose the contract values but claimed that according to its classification of contracts, the orders fit into the "significant" category, which is worth between Rs 1,000 and Rs 2,500 crore.

The company is raising Rs 200 crore from the issue at a price of Rs 1000 each. Investors need to apply for a minimum of 10 NCDs in a lot.

According to ICICI Bank, in a regulatory filing, the institution distributed 4,000 senior unsecured redeemable long-term notes in the form of non-convertible debentures of Rs 4,000 crore.

The board will evaluate and recommend a second interim dividend for the year 2023 in addition to a stock split, the business stated in an exchange filing.

The company reported a healthy growth in disbursements, reaching Rs 4,500 crore in September, marking an 11% YoY growth

Global oil benchmark Brent crude declined by 0.10% to USD 90.83 a barrel

Pidilite MEA and Grupo Puma, Spain will each own 50% of PidilitePuma's paid-up capital.

Q1FY24 reports a 95% YoY increase in net profit to Rs 882 crore from Rs 451 crore in the corresponding quarter of the previous year