Stocks in Focus on December 8: RateGain Travel IPO, MCX, Reliance Industries, DLF, NHPC and many more

Domestic benchmarks on Tuesday, December 7, 2021, jumped more than one and a half per cent amid positive cues from the global equity markets. The BSE Sensex climbed 887 points, or 1.56%, to trade at 57,634. The NSE Nifty also surged 264 points, or 1.56%, to trade at 17,177. But certain stocks came in the news after the market was closed. These stocks can impact the indices when it reopens on Wednesday, December 8, 2021. List of such five stocks:

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IPO Update:  RateGain Travel Technologies IPO + Shriram Properties IPO 

RateGain Travel IPO: The initial public offering of RateGain Travel Technologies Limited, a distribution technology and Software-as-a-Service (SaaS) company, was subscribed 0.41 times (41%) on Tuesday, the first day for bidding for the public issue. The Non-Institutional Investors (NII) and Retail Individual Investors (RIIs) portions were subscribed 0.04 times and 2.2 times respectively. The portion reserved for employees was subscribed 0.34 times. The three-day issue will conclude on Thursday, December 9, 2021. The company has fixed a price band of Rs 405-425 per equity share. At the upper end of the price band, the initial share sale is expected to fetch Rs 1,336 crore. The IPO comprises a fresh issue of equity shares aggregating up to Rs 375 crore and an offer-for-sale (OFS) of up to 2.26 crore equity shares worth Rs 961 crore by promoters and existing shareholders. The retail investors can place a bid for a lot of 35 Equity Shares and in multiples thereof.

Shriram Properties IPO: Shriram Properties Limited, a leading real estate developer and part of Shriram Group, will launch its initial public offering (IPO) for public subscription on Wednesday, December 8, 2021. The three-day initial share sale will conclude on Friday, December 10, 2021. The price band for the public issue has been fixed at Rs 113-118 per share. The company seeks to raise Rs 600-crore through the initial share sale. The initial public offering comprises a fresh issue of Rs 250 crore and an offer for sale of Rs 350 crore by investors. Investors can bid for a minimum of 125 equity shares and in multiples of 125 equity shares thereafter. Besides, the real estate developer on December 7, 2021, garnered Rs 268 crore from anchor investors, ahead of its initial public offering that will open for subscription on December 8. It allocated 2,27,66,949 equity shares at a price of Rs 118 per equity share. Nomura (18.6%), SBI Life 916.4%), Nippon Life (14.9%), Sundaram Fund (11.1%), HDFC Life (5.6%), Societe General (3.7%) among others were the anchor investors.

Jai Corp + RIIL + BF Utilities: (Zee Business Exclusive). A bill to amend the Special Economic Zones (Amendment) Act is likely to be approved at the Union Cabinet meeting scheduled to be held today. Sources aware of the development has informed Zee Business that big changes are likely to be announced in the Act to attract investment. It will add special rules and easy conditions for new businesses. It will also encourage single/multi-partner investment of foreign companies. According to sources, the Act is being amended with an aim to attract international investors to SEZ. Recently, SEZ denotification has to be approved by many big investors and efforts are being made to make those company to rejoin and take benefit of other schemes as well.

MCX: SEBI issues consultation paper regarding developing One Commodity One Exchange.  

Hindustan Zinc: The Board of Directors of the company on Tuesday approved an interim dividend of Rs 18 per equity share for the financial year 2021-22. The record date for the purpose of determining the eligibility for payment of interim dividend, as earlier communicated is Wednesday, December 15, 2021. Vedanta in Focus as it holds 65% stakes in Hindustan Zinc.

Reliance Industries: Abu Dhabi Chemicals Derivatives Company RSC Ltd (“TA’ZIZ”) and Reliance Industries Limited (RIL), have agreed to launch ‘TA’ZIZ EDC & PVC’, a world-scale chemical production partnership at the TA’ZIZ Industrial Chemicals Zone in Ruwais. The new joint-venture will construct and operate a Chlor-Alkali, Ethylene Dichloride (EDC) and Polyvinyl Chloride (PVC) production facility, with an investment of more than $200 crore. The first investment by Reliance in the region strengthens ties between the UAE and India.

DLF: The real estate company has plans to launch projects worth Rs 1,800 crore in the second half of FY22 (H2FY22). It will launch projects of 77 lakh square feet that will include value homes, premium and commercial properties. ( Info Given In Analyst Call) 

NHPC: The Board of Directors of NHPC Limited on Tuesday, December 7, 2021,  approved the proposal for monetization by securitization through the bidding process of Return on Equity (RoE) of Chamera-I Power Station (3 X 180 MW), Himachal Pradesh and further to monetize the RoE of one or more power stations for 05/10/15 years in one go or rollover. 

Praj Industries: The process and project engineering company Praj Industries has announced an innovative solution to process sugarcane juice into a new sustainable feedstock BIOSYRUP for round the year ethanol production. The company has developed a patented technology to process cane juice into conditioned BIOSYRUP that has storability of upto 12 months. This facilitates sugar mills to produce ethanol beyond sugar season thus helping increase production capacity & maximize revenue. Sugarcane juice is a perishable and seasonal feedstock that cannot be stored for more than 24 hours.