Venus Pipes and Tubes IPO updates:
The initial public offering of Venus Pipes and Tubes was subscribed 10.22 times by the afternoon of May 13, the final day of the bidding, with investors putting in bids for 3.62 crore units against an IPO size of 35.51 lakh shares.
Retail investors have bid 14.49 times the shares set aside for them, while non-institutional investors’ portion has been subscribed 7.75 times on the final day. Qualified institutional buyers subscribed 4.59 times or 46.57 lakh shares of their quota of 10.14 lakh shares.
Delhivery IPO updates:
The initial public offering of logistics services provider Delhivery was subscribed 1.21 times against IPO size of 6.25 crore shares on the third and final day of bidding. Retail investors bid for 50 percent of the shares reserved for them, while employees booked 21 percent of their portion.
Non-institutional investors bid for 3 percent shares of the allotted quota, while qualified institutional buyers have subscribed 2.06 times.
Emami Q4: Net profit came in at Rs 356 crore against Rs 87.7 crore (YoY). Revenue was up 5.4% at Rs 770.4 crore against Rs 730.8 crore (YoY). EBITDA was up 0.7% at Rs 164 crore against Rs 162.8 crore (YoY). EBITDA margin at 21.3% against 22.3% (YoY).
Market update at 2 PM: Sensex is up 667.99 points or 1.26% at 53598.30, and the Nifty jumped 213.70 points or 1.35% at 16021.70.
Bandhan Bank Q4:Bandhan Bank has posted Q4 net profit at Rs 1,902 crore and net interest income was at Rs 2,540 crore
DELHIVERY IPO FULLY SUBSCRIBED ON DAY 3
Long story short: More pain ahead in midcaps, smallcaps, says veteran trader Sharad Shah
Celebrated short-seller and permabear Sharad Shah says there is still plenty of room for downside
Steel Strips Wheels Q4 earnings:Steel Strips Wheels has reported 9.6 percent jump in its Q4 net profit at Rs 48.9 crore versus Rs 44.6 crore and revenue was up 51.9% at Rs 1,063.3 crore versus Rs 700 crore, YoY.
VENUS PIPES & TUBES LIMITED IPO SUBSCRIPTION UPDATES
SBI Q4 earnings: SBI Q4 net profit at Rs 9,113.5 crore against Rs 6,450.8 crore and net interest income was at Rs 31,198 crore against Rs 27,067 crore, YoY.Gross NPA was at 3.97% versus 4.50% and net NPA was at 1.02% versus 1.34%, QoQ.
Today’s Stock Market Action
Union Bank of India Q4 Union Bank of India has posted 8.3 percent jump in its Q4 net profit at Rs 1,439.6 crore versus Rs 1,329.8 crore and net interest income was up 25.3% at Rs 6,769.3 crore versus Rs 5,403 crore, YoY.
