Stocks in Focus on December 20: Shriram Properties, Supriya Lifescience IPO, Cipla, GAIL, MGL and many more
At the stock markets, the S&P BSE Sensex slumped 889 points, or 1.54%, to end at 57,012, on Friday, December 17, 2021.
At the stock markets, the S&P BSE Sensex slumped 889 points, or 1.54%, to end at 57,012, on Friday, December 17, 2021. The Nifty at the National Stock Exchange slipped 263 points, or 1.53%, to 16,985. But certain stocks came in the news after the market was closed. These stocks can impact the indices when it reopens on Monday, December 20, 2021. List of such five stocks:
Listing + IPO Update: Shriram Properties Listing + Supriya Lifescience IPO + HP Adhesives IPO
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Shriram Properties Listing: Shares of Shriram Properties, a leading real estate developer and part of Shriram Group, will be listed on NSE and BSE today. The Rs 600-crore IPO was subscribed 4.8 times. The Qualified Institutional Buyers (QIBs) portion was subscribed 1.04 times, while the Non-Institutional Investors (NII) and Retail Individual Investors (RIIs) portions were subscribed 0.80 times and 7.46 times, respectively. The issue price for the shares was Rs 118 per share.
Supriya Lifescience IPO: The initial public offering (IPO) of Supriya Lifescience Limited, a manufacturer and supplier of Active Pharmaceutical Ingredients (API), was subscribed 5.69 times on Friday, the second day of bidding. The Qualified Institutional Buyers (QIBs) portion was subscribed 0.53 times while the Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs) portions were subscribed 2.90 times and 25.38 times, respectively. The three-day issue will close today. The offer price has been fixed at Rs 265-274 per equity share. The company has plans to raise up to Rs 700 crore through this public offer. The issue comprises a fresh issue of up to Rs 200 crore and an offer for sale (OFS) of up to Rs 500 crore.
HP Adhesives IPO: The initial public offering (IPO) of HP Adhesives Limited, an adhesive and sealants company, closed with 20.96 times subscription on Friday, December 17, 2021. The Qualified Institutional Buyers (QIBs) portion was subscribed 1.82 times, while the Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs) portions were subscribed 19.04 times and 81.24 times, respectively. The company had fixed a price of Rs 262-274 per equity share to raise up to Rs 125.9 crore from the primary market. The issue comprised of a fresh issue of 41,40,000 equity shares worth Rs 113.44 crore and an offer for sale (OFS) of 4,57,200 equity shares worth Rs 12.5 crore.
Latent View: The mandatory lock-in period of 30 days for anchor investors ends today.
Cipla: Cipla Limited and its subsidiary Cipla USA, Inc., on Saturday announced that it has received final approval for its Lanreotide Injection, from the United States Food and Drug Administration (US FDA). Lanreotide Injection is supplied in 60 mg/0.2 mL, 90 mg/0.3 mL, and 120 mg/0.5 mL single-dose prefilled syringes. It is indicated for the treatment of patients with Acromegaly and Gastroenteropancreatic Neuroendocrine Tumors (GEP-NETs).
GAIL / Gujarat Alkalies: The Board of Directors of GAIL is scheduled to meet on Thursday, December 23, 2021, to consider the recommendation for payment of Interim Dividend for FY 2021-22. For the purpose of payment of Interim Dividend, if so approved by the Board, the "Record Date" will be Friday, December 31, 2021. Besides, GAIL (India) Limited and Gujarat Alkalies and Chemicals Limited (GACL) have entered into a Memorandum of Understanding (MoU) for setting up 500 KLPD Bio Ethanol Plant in Gujarat and exploring other business opportunities of mutual interest. The estimated project cost is to the tune of Rs 1,000 crore and it is expected to generate annual revenue of approximately Rs 1500 crore. An estimated savings of USD 70 million per year in foreign exchange outgo is expected through this project.
MGL: For the second time in three weeks, Mahanagar Gas Ltd (MGL) has hiked the prices of CNG and PNG with effect from midnight, on Friday. The basic price of CNG is increased by Rs 2/kg and domestic PNG by Rs 1.50/SCM for the Mumbai Metropolitan Region (MMR). With this, the revised prices of CNG goes up from Rs 61.50/kg to Rs 63.50/kg and PNG from Rs 36.50/SCM to Rs 38/SCM.
IRCON: Ircon International Limited (IRCON) has emerged as the lowest bidder for the Construction of an 8-Lane Access Controlled Expressway (Bhoj to Morbe Section-SPUR of Vadodra Mumbai Expressway) in Maharashtra on Hybrid Annuity Mode under Bharatmala Pariyojana (Phase 11 - Package XVII). The project was floated by the National Highways Authority of India on competitive bidding and the value of the project is approx. RS.1436 Crore (Bid Project Cost) The completion period of the project is 2.5 years.
IB Real Estate: Board of Directors of the Company is scheduled to meet on December 22, 2021, to consider and approve the raising of funds through the issue of equity shares and/or any other convertible or exchangeable securities.
Mold-Tek Packaging: QIP Committee of the company on Friday approved the issue and allotment of 14,00,000 Equity Shares to the eligible qualified institutional buyers of the Issue at an Issue Price of Rs 740 per Equity Share, which is at a premium of Rs 17.60 per Equity Share i.e. 2.44% premium on the floor price of Rs 722,40 per Equity Share. The Issue aggregated to Rs 103.6 crore.
Pennar Industries: Pennar Group, a leading value-added engineering products and solutions company, has bagged orders worth Rs 582 crores across its various business verticals. The Pre- Engineered Building vertical received orders for construction of manufacturing facilities, warehouses, Solar P V Modules, Structural Steel, from customers like Ultratech Cement, Shri Digvijay Cement, Matrix Structure, Lodha Group among others. The Solar Module vertical has received orders from Anantapur Energy Products, Eveready Group among others. The Railways vertical has received orders from Wabtech, Dynamic, Orbinox, ICF, SCR, and TI Metal among others.
Jindal Poly Investment: The board has approved the voluntary delisting of the equity shares of the company. The floor price of the delisting offer is Rs 252.36 per Equity Share and the indicative price that can be accepted is up to Rs 253per Equity Share for purposes of the Delisting Offer.
Bulk Deal
RateGain Travel Technologies: Goldman Sachs bought 7.2 lakh shares of the company at Rs 361.71 per share. Edelweiss Mutual Fund has sold 6.8 shares at Rs 360.7 per share and Integrated Core strategies Asia PTE Ltd has sold 8.79 lakh shares at Rs 356.22 per share.
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