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    1. Business News
    2. Authors
    3. ruchit purohit

    Ruchit Purohit

    Interest from qualified institutional buyers and non-institutional investors remained somewhat muted on Thursday, as the portion set aside for these investors was subscribed 40% and 47%, respectively. Experts, however, said that demand from high net-worth individuals is typically seen on the last day of the issue.
    LIC IPO fully subscribed on Day 2: Policyholder quota subscribed 3.11 times, employee quota subscribed 2.2 times

    “The LIC IPO has been fully subscribed on the second day of its opening. There are still four more days…

    By Ruchit Purohit
    May 6, 2022 04:45 IST
    Retail investors can apply for the shares on Saturday, May 7.
    LIC IPO: Policyholders lead subscriptions on Day 1; total issue subscribed 67%

    The portion reserved for employees was subscribed 1.17 times, while the quota for retail investors was subscribed to the extent…

    By Ruchit Purohit
    May 5, 2022 04:30 IST
    However, there is a very high uncertainty and there will be surprise elements in between, and one needs to have flexibility to change that allocation. At the longer-end bonds, there is still very high uncertainty.
    Repo rate hike: Fixed income funds set to become attractive again

    Even though real interest rates are not likely to become positive in a hurry, fund managers believe fixed income securities…

    By Ruchit Purohit
    May 5, 2022 02:45 IST
    The market's fear gauge, India VIX, jumped to 21.88, as investors turned cautious ahead of an expected 50-bps rate hike by the US Federal Reserve.
    Markets crash, Sensex plunges 1,307 points, Nifty closes below 17,000-mark

    The RBI hiked the repo rate by 40 basis points to 4.40% and the cash reserve ratio by 50 basis…

    By Ruchit Purohit
    May 5, 2022 00:00 IST
    Government sources say foreign investors are a little wary because of India's neutrality vis a vis the Russia-Ukraine war and the fear of sanctions to be imposed on the country by the West.
    Domestic investors corner 71% of LIC anchor book; LIC raises Rs 5,627 crore from anchor investors

    A senior government official said, of the total institutional demand gauged till the closure of the anchor portion of the…

    By Ruchit Purohit
    May 4, 2022 05:45 IST
    According to the red herring prospectus (RHP), the fresh issuance of shares will now be made for an amount of Rs 4,000 crore. The offer for sale (OFS) portion has been reduced to Rs 1,235 crore from Rs 2,460 crore.
    Ahead of IPO, Delhivery reduces issue size by 30%: Softbank, Carlyle cut OFS portions

    While global private equity investor Carlyle will sell shares worth Rs 454 crore compared with Rs 920 crore planned earlier,…

    By Ruchit Purohit
    May 4, 2022 05:15 IST
    LIC raises Rs 5,627 crore from anchor investors, 71% of overall anchor book subscribed by domestic MFs

    According to media reports, the public offer of the insurer saw bids from anchor investors to the tune of Rs…

    By Ruchit Purohit
    May 3, 2022 10:35 IST
    sebi reit
    Sebi cuts listing time for REITs, InvITs: Time reduced from 12 days to 6 days

    New rules will be applicable to public issues of REITs and InvITs which open on or after June 1, 2022.

    By Ruchit Purohit
    April 29, 2022 04:10 IST
    LIC IPO
    LIC to list on May 17: India’s largest IPO kicks off on May 4

    Representatives from the government said during the analyst call that the anchor book is strong as the bankers have been…

    By Yoosef KP
    April 28, 2022 05:15 IST
    On the contrary, shares of leading edible oil manufacturer Adani Wilmar surged 5% and hit a new high of Rs 764.60.
    FMCG stocks decline sharply as Indonesia bans palm oil exports

    Palm oil remains a key ingredient in major food processing industries and quick service restaurants.

    By Ruchit Purohit
    April 26, 2022 02:45 IST
    Shiv Sehgal, president & head, institutional equities, Edelweiss Securities
    Market valuation to stay high on corporate profitability, possible inflows: Shiv Sehgal, president & head, institutional equities, Edelweiss Securities

    However, this now seems to be changing with policymakers now looking to decisively tame inflation (late cycle) as compared to…

    By Ruchit Purohit
    April 23, 2022 06:15 IST
    The move follows feedback from institutional investors, who cited how similar entities were valued globally, but is also influenced by a sustained trend of capital outflows from the Indian and other emerging-economy markets following the Russia-Ukraine war.
    LIC IPO: LIC valuation down by half ahead of initial public offer

    The valuation of the insurance behemoth is “veering towards 1.1 times its embedded value (of Rs 5.4 trillion),” a senior…

    By Prasanta Sahu
    April 23, 2022 03:45 IST
    The notice to Narain comes following several developments in the NSE case, including the arrest of former NSE CEO Chitra Ramkrishna, and former NSE group operating officer Anand Subramanian, in the last couple of months.
    Sebi issues Rs 2-crore demand notice against ex-NSE CEO Ravi Narain

    “A sum of Rs 2,06,01,000/- (Rupees Two Crore Six Lakh One Thousand) along with further interest, all costs, charges and…

    By Ruchit Purohit
    April 22, 2022 05:45 IST
    Earlier this month, founder and CEO Vijay Shekhar Sharma in a letter to shareholders said the company will achieve the operating EBITDA (earnings before interest, taxes, depreciation, and amortisation) break-even in the next six quarters.
    Retail shareholding in Paytm more than doubles to 7.7% in Q4

    Interestingly, anchor investor Canada Pension Plan Investment Board has increased its stake from 1.5% to 1.71% in the last quarter.…

    By Ruchit Purohit
    April 22, 2022 02:45 IST
    Brazil, on the other hand, has seen inflows of $17.6 billion since October 2021, while Thailand received $4.4 billion during the same period, data from Bloomberg showed.
    Shares worth $2.6 bn sold so far in April: High commodity prices, markets valuation spook FPIs

    In contrast, Brazil, another emerging market (EM), has seen positive flows during the last three months.

    By Ruchit Purohit
    April 22, 2022 01:00 IST
    mutual funds scheme
    Outlier Mutual Fund schemes that beat benchmarks in FY22

    Despite the volatility and new money chasing the hyped platform businesses, what has worked for fund houses has been keeping…

    By Ruchit Purohit
    April 19, 2022 08:06 IST
    Paring initial gains, the Sensex ended lower by 237.44 points or 0.41% at 58,338.93. The broader Nifty-50 ended 54.65 points lower at 17,475.65.
    Markets recoil for third day as HDFC twins weigh

    As the index slipped below 17,500 on Wednesday, analysts believe that if it falls further, the 17,287-17,330 band could provide…

    By Ruchit Purohit
    April 14, 2022 00:00 IST
    Short-term debt funds, typically with a duration of up to three months, are likely to witness higher inflows as short-term rates have started moving up.
    Debt Mutual Fund investors to avoid long-term funds amid rate hike expectations

    The benchmark 10-year bond yield surged above 7.1% in the last week after the Reserve Bank of India (RBI) revised…

    By Ruchit Purohit
    April 13, 2022 06:00 IST
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