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The Laxmi India Finance IPO, open for bidding from July 29 to 31, is a book-built offering with a price band of Rs 150158 per share. The issue includes a fresh equity issuance of 1.04 crore shares aggregating Rs 165.17 crore and an OFS of 56.38 lakh shares valued at Rs 89.09 crore by existing shareholders.
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Varun Beverages' shares surged following an impressive 5% year-on-year increase in profit after tax, reaching 1,325.49 crore for the first quarter of FY26. Despite a slight dip in revenue and domestic sales volume pressures, the company's strong performance was bolstered by margin expansion and operational efficiencies.
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Aditya Infotechs Rs 1,300 crore IPO, a fresh issue of 1.93 crore shares, is open from July 29 to 31 with a price band of Rs 640675 per share. Strong grey market signals suggest healthy listing gains for the electronic security equipment distributor.
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Sri Lotus Developers' IPO opened on July 30, witnessing 5% subscription driven by retail and NII investors. The IPO, priced at Rs 140-150, closes on August 1, with grey market premium indicating potential 29% listing gains. Anand Rathi suggests subscribing for the long term, citing strong fundamentals and Mumbai's luxury housing demand.
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News and Media
The Pacific Ring of Fire, a seismically active zone encircling the Pacific Ocean, is home to numerous earthquakes, volcanic eruptions, and tsunamis. This region, characterised by plate boundaries and subduction zones, poses significant risks to the hundreds of millions residing along its path.
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