Fascinate Textiles shares made a weak NSE SME debut on August 24, listing at a 20% discount to the IPO price despite the issue being subscribed 1.48 times. The company reported strong FY26 revenue and profit growth.
China and Hong Kong stocks fell sharply on Monday, led by technology shares, after Alibaba’s $10.2-billion share placement revived concerns over AI spending, shareholder dilution and the returns on heavy capital expenditure.
He believes the current environment offers an opportunity to lock in yields rather than wait for a marginal rise in rates, while investors with a three-year horizon could consider longer-duration bond funds such as corporate bond and G-sec funds.
Lenskart Solutions shares will be in focus Monday after SoftBank Vision Fund II Lightbulb Cayman reportedly launched a block deal to sell up to a 2.6% stake for around $300 million. The floor price is set at Rs 635 per share, a 4% discount to Friday’s close. The seller will face a 45-day lock-up on any residual stake sale.
Hy-Tech Engineers IPO: The Rs 135.73-crore issue set to remain open until August 27. The IPO comprises a fresh issue of Rs 60 crore and an OFS worth Rs 75.73 crore. Its GMP currently signals a potential 47% listing premium, indicating strong investor interest. Allotment is expected on August 28, with listing tentatively scheduled for September 1.
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US Treasury Secretary Scott Bessent, who is scheduled to hold a press conference at 2 p.m. EDT (1800 GMT) on Monday, has threatened to impose "the toughest sanctions in history" on Iran. US President Donald Trump has also threatened sanctions against countries trading with Iran.
We have collated a list of recommendations from top brokerage firms from ETNow and other sources
The Rs 1,700-crore IPO, which opened for subscription on August 17 and closed on August 19, drew an exceptional response, with the issue subscribed 62.97 times overall. Investors placed bids for a substantial portion of the 6.27 crore shares on offer.
MSCI’s Asia Pacific equities gauge dipped 0.1%, with the Kospi Index in South Korea — a bellwether for AI investments — falling 1.2%. However, US equity-index futures erased earlier losses to edged up, with contracts for the tech-heavy Nasdaq 100 climbing 0.1%.
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