Tamilnad Mercantile Bank Limited - a bank headquartered at Thoothukudi, Tamil Nadu (India) is planning to raise INR 831.60 Cr via IPO [831.60 Cr Fresh Issue + 0 Cr OFS] Tamilnad Mercantile Bank - History Incorporated in the year 1921 as ‘Nadar Bank Limited’, Tamilnad Mercantile Bank (name changed in the year 1962), TMB is one of the oldest and leading old private sector banks in India. >> Must Read: Nifty prediction for September 2022 Business TMB offers
The month of August 2022, as predicted, ended on a high note (check the below listed screenshot to find out what Finblab has said in that article “HOW THE NIFTY WILL BEHAVE IN AUGUST 2022”) delivered 3.50% positive returns as far as NIFTY Index is concerned, (closing of 17759 on 30 August 2022 as compared to a close of 17158 on 29 July 2022) Thanks to the Foreign Institutional Investors (FIIs) who turned out to be buyers in the Indian Stock Market (according to the
Update Syrma SGS Technology 'LISTING' Syrma SGS Technology Limited made a strong debut on the stock market today. The stock was listed at INR 260 on the National Stock Exchange (NSE) against the issue price of INR 220, while the opening on the BSE was at INR 262; almost 19% listing gains for the IPO holders. The IPO was open for subscription between 12 to 18 August 2022 and got a good response from investors across categories, but the major support came from qualified institutional
The result season ‘Q1 FY2022-23’ has just come to end. Keeping the quarterly numbers in mind, one can say that Indian companies have put up a good show even though there was a pressure of higher inflation, higher commodity prices, and Russia-Ukraine war. While flipping through numbers I have found out companies where fii holding increase since last 5 quarters. I am presenting here 10 such companies where FIIs (Foreign Institutional Investors) have more than 10% of stake and still they are
Financial Freedom! These two words sound fabulous when we hear them from someone as it gives us the feeling of having a lot of money and of course retiring early and not working unless we want to work. Enjoying financial freedom is very much possible if we thoroughly follow a perfect set of rules in our life. Continue reading.… What is Financial Freedom? To put it in a simple way “Financial Freedom or Financial Independence is the prestige of having plenty of wealth or plenty of money
Rakesh Jhunjhunwala, popularly known as ‘RJ’ in the corporate circle, the ‘Big Bull’ of India has passes away today (14 August 2022) morning at the age of 62. Birth Rakesh Jhunjhunwala was born on 5 July 1960 and grew up in a Rajasthani family, in Bombay, where his father (Radheshyam Jhunjhunwala) worked as an Income Tax officer. Education Mr. Jhunjhunwals is a graduate from Sydenham College of Commerce and Economics (Bombay) and thereafter enrolled at the Institute of
Update Q1 FY 2022-23 Earnings IndoStar Capital Finance Limited - a non-banking finance company engaged in providing structured term financing solutions to corporates has posted its Q1 numbers today. The consolidated total revenue of the company for the quarter ended 30 June 2022 stood at INR 313.82 Cr as against INR 264.76 Cr for the same period last year, registering a growth of 18.53% year-on-year basis, However the revenue for the last quarter ended 31 March 2022 of the
Update Q1 FY 2022-23 Numbers GNA Axles Ltd - engaged in the Business of manufacturing auto components for the four-wheeler industry has posted its Q1 FY2022-23 numbers today. Revenue from Operation The Company has generated revenues of, on a consolidated basis, INR 375.19 Cr for the first quarter ended 30 June 2022 as compared to INR 300.48 Cr for the same period last year, registering a growth of 24.86% Y-O-Y basis, While the company has generated a revenue of INR 328.96
