Stocks in Focus on December 22: Metro Brands, CMS Info Systems IPO, India Cement, Take Solutions, HCL Technologies and many more

The equity benchmarks on Tuesday, December 21, 2021, recovered around 0.9%. Both stocks gained amid positive cues from the global equity markets. The BSE Sensex climbed 497 points, or 0.89% to trade at 56,319. The NSE Nifty also rose 157 points, or 0.94%, to trade at 16,771. But certain stocks came in the news after the market was closed. These stocks can impact the indices when it reopens on Wednesday, December 22, 2021. List of such five stocks:

Listing + IPO Update: Metro Brands Listing + CMS Info Systems IPO 

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Metro Brands IPO Listing: Shares of Metro Brands, which is one of the largest Indian footwear speciality retailers in India, will debut on the bourses, NSE & BSE, today, i.e., Wednesday, December 22, 2021. The issue price for the shares is Rs 500 per share. The initial public offering (IPO) of ace investor Rakesh Jhunjhunwala-backed Metro Brands Ltd, closed with 3.64 times subscription on Tuesday, the third and last day for bidding. The Qualified Institutional Buyers (QIBs) portion was subscribed 8.49 times, while the Non-Institutional Investors (NIIs) and

Retail Individual Investors (RIIs) portions were subscribed 3.02 times and 1.13 times, respectively. The company has plans to raise up to Rs 1,367.5 crore through the public issue.

CMS Info Systems IPO: The initial public offering (IPO) of CMS Info Systems Limited, India's largest cash management company in terms of the number of ATM points and retail pick-up points, was subscribed 0.40 times (40%), the first day for bidding for the issue. The Non-Institutional Investors (NII) and Retail Individual Investors (RIIs) portions were subscribed 0.01 times (1%) and 0.79 times (79%), respectively. Bidding for the CMS Info Systems IPO will end on Thursday, December 23, 2021. The company seeks to raise Rs 1,100 crore from the initial public offer. The shares of the company will be available for bidding in a price band of Rs 205-216 per share. Retail investors can bid for the public offer for a minimum of 69 equity shares, and in multiples thereof up to 13 lots. At the upper end of the price range, one lot is valued at Rs 14,904 and 13 lots worth Rs 1,93,752. The initial share sale of Mumbai-based CMS Info Systems is entirely an offer for sale (OFS) by promoters and existing shareholders.

Stocks in News

India Cement: Billionaire investor Radhakishan Damani has increased his stake in India Cements by 2.03%. With this, RK Damani and Gopikishan Damani's total share in the company has increased from 20.73% to 22.76%.  

Vascon Engineers: The company has received a Letter of Award amounting to approximately Rs 199 crore from Vedanta Limited for the construction of the Cairn Oil & Gas Residential Complex at Barmer, Rajasthan. The work has been awarded on Design and Build basis. The work has to be completed within 18 months from the date of receipt of this letter of award. 
Take Solutions: In view of the injunction order of the Honorable Madras High Court, the company has decided to abort the proposed stake sale of its CRO business under the brand name 'Navitas' to HIG Capital. While the Company reserves the right to appeal against the injunction in the appropriate Court, it will in the meanwhile fully comply with the order of Honorable Madras High Court. 

HCL Technologies: The leading global technology company has signed a five-year agreement with CEMEX, a global construction materials company, to deliver the next generation of employee services enabled by digital transformation, increased automation and near real-time analytics as part of the CEMEX “Working Smarter Program.” This multi-year managed services agreement comes as HCL has made a strategic commitment to expand its services and customer base across Mexico.

Deepak Nitrite Ltd.: The Board of Directors of the company is scheduled to meet today to consider and approve the raising of funds by way of the issue of equity shares or any other instruments. 

Indiabulls Real Estate: The Board of Directors of the company is scheduled to meet today to consider and approve the raising of funds through the issue of equity shares and/or any other convertible or exchangeable securities, subject to the approval of the members of the Company. 

Block Deal 

C E Info Systems (MapmyIndia): Fidelity Investment Trust Fidelity Series Emerging Markets Fund acquired 3,18,100 equity shares in the company at Rs 1,404.47 per share. Goldman Sachs Funds - Goldman Sachs India Equity Portfolio bought 3,76,708 equity shares at Rs 1,392.99 per share on the NSE.