Nifty 18210.95 (-0.31%)
Sensex 61143.33 (-0.34%)
Nifty Bank 40874.35 (-0.88%)
Nifty IT 35503.9 (0.97%)
Nifty Financial Services 19504.75 (-0.74%)
Adani Ports 745.85 (-0.54%)
Asian Paints 3094.65 (4.20%)
Axis Bank 787.50 (-6.46%)
B P C L 427.70 (-0.78%)
Bajaj Auto 3776.50 (-0.40%)
Bajaj Finance 7482.15 (-4.75%)
Bajaj Finserv 18012.00 (-1.86%)
Bharti Airtel 702.35 (0.88%)
Britannia Inds. 3697.85 (0.14%)
Cipla 922.50 (1.65%)
Coal India 173.60 (-0.83%)
Divis Lab. 5149.35 (2.60%)
Dr Reddys Labs 4662.70 (-0.08%)
Eicher Motors 2583.90 (-0.25%)
Grasim Inds 1728.40 (-0.63%)
H D F C 2915.00 (0.12%)
HCL Technologies 1177.15 (0.89%)
HDFC Bank 1642.80 (-0.60%)
HDFC Life Insur. 693.85 (0.55%)
Hero Motocorp 2690.15 (-0.38%)
Hind. Unilever 2396.60 (-1.65%)
Hindalco Inds. 479.85 (-1.28%)
I O C L 130.80 (-0.53%)
ICICI Bank 835.00 (0.68%)
IndusInd Bank 1142.55 (-1.07%)
Infosys 1728.95 (1.48%)
ITC 238.45 (0.74%)
JSW Steel 684.90 (-1.36%)
Kotak Mah. Bank 2188.25 (-1.03%)
Larsen & Toubro 1784.55 (-0.65%)
M & M 886.80 (-0.87%)
Maruti Suzuki 7356.25 (0.81%)
Nestle India 19004.60 (-1.11%)
NTPC 141.30 (-1.33%)
O N G C 157.90 (-3.19%)
Power Grid Corpn 190.25 (-0.08%)
Reliance Industr 2627.40 (-1.26%)
SBI Life Insuran 1186.00 (1.19%)
Shree Cement 28107.75 (1.19%)
St Bk of India 519.15 (1.29%)
Sun Pharma.Inds. 825.10 (1.43%)
Tata Consumer 818.75 (1.22%)
Tata Motors 497.90 (-2.11%)
Tata Steel 1326.15 (-1.30%)
TCS 3489.75 (0.21%)
Tech Mahindra 1567.85 (0.29%)
Titan Company 2460.10 (0.22%)
UltraTech Cem. 7354.20 (1.17%)
UPL 741.50 (3.96%)
Wipro 671.10 (0.44%)

Upcoming IPOs to raise Rs.45,000 Crore in Oct-Nov

Upcoming IPOs
by 5paisa Research Team 27/09/2021

The first 6 months of the fiscal year 2021-22 will end with collections of Rs.78,520 crore. If you exclude Birla Sun Life opening on 29th Sep as well as the Power Grid INVIT and the Brookefield REIT, still Rs.64,200 crore has been collected this fiscal. Investors will get a picture of the second half in the first two months of October and November.

The months of October and November will set the tone for the IPO collections in the rest of the year. Nearly 50% of the collections of the first half came in July and August with September being a relatively quiet month. It is now estimated that nearly Rs.45,000 crore could be raised across 40 IPOs in October and November. We are not counting the Rs.16,600 crore Paytm IPO, which could move to Dec-21 or Jan-22.

In October and November, you can expect a mix of digital and non-digital IPOs as under.
 

Digital IPOs

IPO Amount

Non-Digital IPOs

IPO Amount

Policybazaar

Rs.6,017cr

Emcure Pharma

Rs.4,500cr

Nykaa

Rs.4,000cr

CMS Infosystems

Rs.2,000cr

MobiKwik Systems

Rs.1,900cr

Northern Arc Capital

Rs.1,800cr

Ixigo

Rs.1,600cr

Sapphire Foods

Rs.1,500cr

RateGain Travel Tech

Rs.1,200cr

Fincare SFB

Rs.1,330cr

 

 

Sterlite Power

Rs.1,250cr

 

 

Supriya Lifesciences

Rs.1,200cr


The above table is just an illustrative list of some prominent names. In total, it is expected that 40 companies will be raising close to Rs.64,000 crore via IPOs in next 2 months. It will also set the tone for larger IPOs like Paytm as well as the divestment of LIC and BPCL in the Mar-22 quarter.

For now, this promises to be the best year for IPO collections in history, beating the record collections in the year 2017. However, the 2017 IPO boom was dominated by the mega insurance IPOs of GIC Re, New India Assurance, HDFC Life, SBI Life and ICICI Lombard. This time it is more of a technology driven IPO boom. It remains to be seen how enthusiastically the market is able to absorb the supply of larger IPOs. That will be the acid test.

Also Read:

1. List of Upcoming IPOs in 2021

2. Paytm IPO Update

3. 8 Interesting facts about Paytm

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5 Stocks to Buy Today: September 28, 2021

5 Stocks to Buy
by 5paisa Research Team 27/09/2021

Every morning our analysts scan through the markets universe and chose the best momentum stocks to buy today. The stocks are recommended from a wider list of momentum stocks and only the best ones make it to the top 5 list. We also update on the performance of earlier recommendation every morning to help you with your trading journey. Read on to know the momentum stocks to buy today. The average holding period could be between 7-10 days on average.

List of 5 Stocks to Buy Today

1. Indian Railway Catering And Tourism (IRCTC)

Indian Railway Catering and Tourism Corporation (IRCTC) is an India-based company engaged in offering Internet ticketing, catering and tourism. The Company is engaged in offering catering and hospitality services at stations, on trains and other locations. Its segments include Catering and Hospitality; Internet Ticketing; Travel and Tourism, and Packaged Drinking Water (Rail Neer).

IRCTC Stock Details for Today: 

- Current Market Price: Rs.3,835

- Stop Loss: Rs. 3,740

- Target 1: Rs. 3,900

- Target 2: Rs. 4,050

- Holding Period: One week

5paisa Recommendation: Sideways Momentum likely to end, thus making it to the top stocks to buy list. 

 

2. Prestige Estates (PRESTIGE)

Prestige EstatesStock Details for Today: 

- Current Market Price: Rs. 495

- Stop Loss: Rs. 481

- Target 1: Rs. 507

- Target 2: Rs. 525

- Holding Period: 1 week

5paisa Recommendation: Our technical analysts observe positive momentum, thus recommending this stock as the best stock to buy today. 

 

3. India Glycos (INDIAGLYCO)

India Glycos Stock Details for Today: 

- Current Market Price: Rs. 763

- Stop Loss: Rs. 744

- Target 1: Rs.781

- Target 2: Rs. 809

- Holding Period: 1 week

5paisa Recommendation: Our technical experts expects further buying in the stock and recommends buying this stock.

 

4. Nazara Technologies (NAZARA)

Nazara Technologies Stock Details for Today: 

- Current Market Price: Rs. 2,264

- Stop Loss: Rs. 2,200

- Target 1: Rs. 2,335

- Target 2: Rs. 2,450

- Holding Period: 1 week

5paisa Recommendation: Positive chart structure in stock is observed by our technical experts and thus making this stock as one of the best stocks to buy today.

 

5. Indo Count (ICIL)

Indo Count Stock Details for Today: 

- Current Market Price: Rs. 299

- Stop Loss: Rs. 291

- Target 1: Rs. 308

- Target 1: Rs. 321

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see a strong volume in the stock hence making this stock best stock to buy.

 

Share Market Today

SGX NIFTY: 

SGX Nifty indicates positive opening for Indian markets. SGX Nifty is at 17,939.80 levels, higher 77.75 points. (Updated at 7:45 AM).

International Markets:

US Market:

US markets ended mixed as Dow Jones closed higher by 70 points while Nasdaq closed lower by 77 as bond yields rose to 4-month highs.

US 10-year yield hits 1.48% which prompts profit booking in technology stocks while banks see buying. The oil acts as a catalyst for higher yields as WTI hits 2-year highs with the inflation threat now a reality.

 

Asian Market:

Asian markets opened in the red led lower by the Japanese 'Nikkei' which was down 200 points in early trade.

Near-term profit booking could be the order for this week and beyond as markets react to higher crude, inflation, and equities at an all-time high.

Chinese stocks may be underperformers as money flows see institutional exit and entry into other Asian markets.

 

Disclaimer: The above report is compiled from information available on the public platforms.

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BTST Trading Tips for Today: 28th September, 2021

BTST Trading Tips for Today: 28th September, 2021
by 5paisa Research Team 27/09/2021

5paisa analysts bring the best intraday ideas, short-term ideas and long-term ideas for you. In the morning we provide best momentum stocks to buy today, while in the last trading hour we provide Buy Today Sell Tomorrow (BTST) and Sell Today Buy Tomorrow (STBT) ideas.

BTST Trading Ideas for Today

1. BTST : FINPIPE 

- Current Market Price: Rs.208

- Stop Loss: Rs.205

- Target: Rs.214

 

2. BTST : DRREDDY SEP FUT

- Current Market Price: Rs.4,808

- Stop Loss: Rs.4,787

- Target: Rs.4,865

 

3. BTST : STOVECRAFT

- Current Market Price: Rs.1,034

- Stop Loss: Rs.1,015

- Target: Rs.1,095

 

4. BTST : CONFIPET

- Current Market Price: Rs.83

- Stop Loss: Rs.81

- Target: Rs.88

 

5. BTST : JBCHEMPHARM

- Current Market Price: Rs.1,922

- Stop Loss: Rs.1900

- Target: Rs.1978
 

Next Article

Paradeep Phosphates gets SEBI approval for IPO

Paradeep Phosphates gets SEBI approval for IPO
IPO
by 5paisa Research Team 28/09/2021

The Rs.1,255 crore fresh issue plus OFS, for which Paradeep Phosphates had filed the DRHP with SEBI in August 2021, has got SEBI approval for the IPO. The next step would be to factor in any comments of SEBI and then file the Red Herring Prospectus (RHP) with the Registrar Of Companies (ROC). The issue date is normally finalized after the RHP filing.

Paradeep Phosphates is currently 80.45% owned by Zuari Maroc Phosphates Private Limited and 19.55% owned by the Government of India. The overall issue will consist of Rs.1,255 crore fresh issue by the company to raise capital as well as an offer for sale of 12 crore shares by the existing shareholders viz. Zuari Maroc and Government of India.

As per the DRHP filed with SEBI, the government of India will offer 11.25 crore shares while Zuari Maroc Phosphates will offer 75 lakh shares as part of the offer for sale portion. The government stake will substantially reduce in this OFS and will add to its disinvestment receipts for fiscal year 2021-22. India has a divestment target of Rs.175,000 crore for FY22.

While the OFS portion will not alter the equity capital of the company, the fresh issue portion of Rs.1,255 crore will lead to expansion of the equity base and the dilution of earnings per share. The fresh issue proceeds will be used by the company for acquiring a fertilizer facility in Goa and repaying some of its debt to deleverage the balance sheet.

Paradeep Phosphates manufactures complex fertilizers like di-ammonium phosphate (DAP) and three grades of Nitrogen, Phosphorus, Potassium (NPK) fertilizers. The fertilizers manufactured by Paradeep Phosphates are currently marketed under the brands of “Navratna” and the Jai Kisaan Navratna”. 

The current year has been a solid year for the IPOs and looks all set to better the tally of 2017. Also, there are mega issues like Policybazaar, Nykaa, Paytm and LIC that are slated to hit the IPO market during the current fiscal.

Also Read:-

1. List of Upcoming IPOs in 2021

2. Upcoming IPOs to raise Rs.45,000 Crore in Oct-Nov

Next Article

How to Check Allotment Status of Paras Defence & Space Technologies IPO

How to Check Allotment Status of Paras Defence & Space Technologies IPO
IPO
by 5paisa Research Team 28/09/2021

The Rs.170.78 crore of Paras Defence & Space Technologies IPO, consisting of a fresh issue of Rs.140.60 crore and an offer for sale (OFS) of Rs.30.18 crore, was subscribed 304.26X overall at the close of bidding on 23rd September. The basis of allotment will be finalized by the end of Tuesday, 28th September. If you have applied for the IPO, you can check your allotment status online.

Check:- Paras Defence & Space Technologies IPO Subscription Day 3

You can either check your allotment status on the BSE website or the website of the IPO registrar, Link Intime.

Here are the steps:

Checking the allotment status of Paras Defence & Space Technologies on BSE website

Visit the BSE link for the IPO allotment by clicking on the link below
https://www.bseindia.com/investors/appli_check.aspx

Once you reach the page, here are the steps to follow:

I) Under Issue Type – Select Equity Option.

II) Under Issue Name – Select Paras Defence & Space Technologies from the drop down box.

III) Enter the Application Number exactly as in the acknowledge slip.

IV) Enter the PAN (10-digit alphanumeric) number.

V) Once this is done, you need to click on the Captcha to verity that you are not a robot.

VI) Finally click on the Search Button.

The allotment status will be displayed on the screen in front of you informing about the number of shares of Paras Defence & Space Technologies allotted to you.

Checking the allotment status of Paras Defence & Space Technologies on Link Intime (Registrar to IPO)

Visit the Link Intime registrar website for IPO status by clicking on the link below:
https://linkintime.co.in/MIPO/Ipoallotment.html

This dropdown will only show the active IPOs, so once the allotment status is finalized, you can select Paras Defence & Space Technologies from the drop down box.

I) There are 3 options:

a) You can either access the allotment status based on PAN
b) Application Number
c) DPID-Client ID combination.

II) Select the appropriate option you want to use and enter the details (PAN / Application Number / DPID-Client ID)

III) Finally, click on the Search button

The IPO status with number of shares of Paras Defence & Space Technologies allotted will be displayed on the screen.

Also Read:-

1) Paras Defence IPO - 7 things to know

2) Upcoming IPOs in 2021

Next Article

CMR Green Tech Files DRHP with SEBI for Proposed IPO

CMR Green Tech Files DRHP with SEBI for Proposed IPO
IPO
by 5paisa Research Team 28/09/2021

CMR Green Technologies, a metal recycling company, has filed the DRHP with SEBI for its proposed IPO. According to the draft red herring prospectus (DRHP), the IPO will consist of Rs.300 crore worth of fresh issue and an offer for sale (OFS) of 3.34 crore shares held by promoters and early investors. The IPO is subject to SEBI approval.

The OFS shares will be offered by four members from the promoter group and one early investors. The OFS break-up would be approximately as under.
 

Category

Name of Shareholder

Number of Shares offered

Promoter Group

Gauri Shankar Agarwal

34.33 lakh shares

Promoter Group

Kalawati Agarwal

33.45 lakh shares

Promoter Group

Mohan Agarwal

30.09 lakh shares

Promoter Group

Pratibha Agarwal

30.09 lakh shares

Early Investor

Global Scrap Processors

199.00 lakh shares

Data Source: DRHP

The fresh issue portion of Rs.300 crore will be largely utilized to repay the debt of the company as well as for general corporate purposes. The company is planning a Pre-IPO placement of shares worth Rs.60 crore to select institutional and HNI investors. If the placement is successful, the fresh issue size will be reduced proportionately.

With the focus on green technologies, there is a greater focus on the effective utilization of scrap. CMR Green Technologies is primarily focused on recycling aluminium. This process entails processing of aluminium based scrap metal to make aluminium alloys. The output is normally supplied, either in liquid form or in the form of solid ingots.

Its aluminium recycling business and the zinc alloys business is currently spread across 12 manufacturing facilities in India. The thirteenth such facility is being set up in the state of Gujarat, which will be a state of the art cold refining plant. This will not only create operational efficiencies but also reduce the logistics costs in the process.

The book running lead managers or BRLMs for the issue will be ICICI Securities, Axis Capital and JM Financial. The dates will be finalized post the approval received from SEBI.

Also Read:-

1) List of Upcoming IPOs in 2021

2) Upcoming IPOs to raise Rs.45,000 Crore in Oct-Nov