As a non-banking finance company (NBFC) based in Maharashtra, Manba Finance intends to use the IPO proceeds to bolster its capital base and support its future growth plans.
The promoters own 82.15% of the company, with the remaining 17.85% held by public shareholders, including Value Quest Scale Fund.
BEL shares have produced multibagger gains to investors over the last year, climbing by up to 111%. So far this year, investors have received a 57% return.
The IPO will consist entirely of a fresh issue of 1.25 crore equity shares by the company.
The next week will be driven by key data points like the India CAD and the US unemployment numbers
Based in Tamil Nadu, Dr Agarwal's Healthcare operates 165 eye care facilities in India and 15 globally, including nine in Africa.
According to Governor Michelle Bowman, the recent Fed dovish stance has its own share of risks
L&T Semiconductor Technologies (LTSCT), a wholly-owned subsidiary of L&T, is the first significant Indian semiconductor product firm - a fabless company that designs and delivers smart devices to global customers.
The Rajasthan-based company, which operates under the ECHON brand, is also considering raising ₹48 crore through a pre-IPO placement.
The sharp fall in inflation was despite the marginal spike in core inflation for August 2024

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