#bigultrading

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Ajax Engineering IPO GMP, Open Date, Allotment Status, DRHP

Ajax Engineering IPO open date is 10 Feb to 12 Feb 2025. This new IPO is a book built issue of up to 2.02 crore equity shares worth up to Rs 1,269.35 crore.

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Basket Order - Simplify Bulk Trading in One Click

Execute large orders quickly with basket orders. Group, save, and place all trades in one click, ensuring efficient and streamlined trading.

Basket order is a convenient way to execute large chunks of orders in one go; now, you don't need to pick and place large orders multiple times; just make a basket and place it all in one click. You can easily save this basket for later. Adding new contracts to this basket and then placing orders for everything at once is a quick and straightforward process. A basket where you group several individual orders together. Each order is checked just like a regular one. If everything is good to go, all the orders are executed as planned. However, if you don't have enough money to buy everything in the basket, only the orders that fit your budget will be carried out.

[bigulalgotrading]

Solarium Green Energy IPO GMP, Open Date, Price, Listing Date.

Solarium Green Energy IPO open date is from Feb 6 to Feb 10, 2025. This IPO is a book built issue of Rs 105.04 crore. Solarium Green Energy IPO GMP is 30.

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RBI Governor Shaktikanta Das announced the bi-monthly monetary policy for FY25 on Friday, June 7, 2024. This is the first MPC meeting after the results of the Lok Sabha elections 2024. 

The six-member monetary policy committee headed by the governor decided to keep the repo rate unchanged at 6.5% for the eight consecutive time by majority vote of 4:2. RBI also decided to continue with its stance of withdrawal of accommodation. 

The GDP forecast for the financial year 2025 raised to 7.2%. The quarterly projections for Q1 FY25 at 7.3%, Q2 at 7.2%, Q3 at 7.3%, Q4 at 7.2%. 

[bigulco]

Akum Drugs and Pharmaceuticals Limited filed a DRHP and will be coming up with its public issue in the upcoming time; the public issue will be offering a 100% book-built offer. This upcoming IPO is offering a fresh issue worth up to Rs 680 Crore of equity shares and an OFS of up to 18,598,365. The face value is reported as Rs. 2 for each share. This new IPO issue is being made through the book-building process with a reservation of not more than 50% of the new offer reserved for Qualified Institutional Investors, not less than 15% reserved for NII and the remaining 35% or more reserved for Retail Individuals. So, when will the IPO come? The Application for public issue and subscription opening/closing dates and other important dates will be declared soon. At the same time, the first cry price band will be declared soon.

[bigulco]

What Is the Most Accurate Candlestick Pattern?

Candlestick patterns resemble signals in finance, which enable traders to predict where prices are likely to go. Visualize each candle as a tiny bar that illustrates the movement of prices in a given period. These patterns, grounded on Japanese trading methods dating back centuries, have become indispensable in today’s markets. However, out of the numerous patterns available, which one is most reliable? This article looks into some of the most dependable candlestick patterns while exploring how they can be used effectively in trading strategies.

[bigulco]

Garuda Constructions and Engineering Limited has refiled its draft papers with the market regulator SEBI. The company filed for DRHP in February. Garuda Constructions' IPO will be a combination of a fresh issue and an offer-for-sale. 

The fresh issue consists of 18.30 million shares, and the offer-for-sale issue consists of 9.50 million equity shares. The price band and other important dates have not yet been announced. Corpwis Advisors Private Limited is the lead manager handling this public issue, and Link Intime India Private Limited is the registrar of this IPO. 

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Ixigo IPO is open for subscription starting Monday, June 10, 2024, and closing on Wednesday, June 12, 2024. The price is decided at Rs 88 to Rs 93 per share. The minimum lot size for the retail category is 161 shares. The minimum lot size for small NII is 14 lots consisting of 2,254 shares. Meanwhile, the minimum lot for big non-institutional investors is 67 lots with 10,787 shares. The minimum investment required for retail category investors is Rs 14,973 ( 93 x 110 shares). However, for small non-institutional investors, the minimum investment amount required is Rs 2,09,622 (93 x 1,540 shares); for big non-institutional investors, it is Rs 10,03,191 (93 x 7,370 shares). Ixigo IPO is a book-built issue of Rs 740.10 crores. This is a combination of fresh issue and offer-for-sale.

The fresh issue is of 1.29 crore shares amounting to Rs 120 crore, and OFS consists of  6.67 crore shares amounting to Rs 620.10 crores. The allotment for this IPO is expected to be finalised on Thursday, June 13, 2024. Ixigo Limited IPO will be listed on both BSE and NSE, and the listing date is fixed on Tuesday, June 18, 2024. The book-running lead managers of ixigo Limited are Axis Capital Limited, Dam Capital Advisors Limited and JM Financials Limited. The registrar for this new IPO is Link Intime India Private Limited.

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Lok Sabha Elections Results 2024 were released on June 4, and BJP won the election with the help of the NDA alliance, securing a total of 292 seats. However, the BJP-led Modi government could not get the majority and secure only 240 seats. This time, Congress and the I.N.D.I.A alliance gave a tough fight and secured 234 seats, other parties secured 17 seats. 

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How do you check the allotment status of the Spright Agro Limited Rights issue? 

The registrar for this upcoming rights issue is not yet declared. Once it gets announced investors can check it by visiting their website. 

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Maruti Suzuki India released vehicle sales data for May 2024. The company dispatched 1,74,551 units in May, compared to 1,78,083 units in the same period last year. The company witnessed a 2% drop in sales on a year-on-year basis.

Maruti Suzuki's total domestic PV sales increased marginally to 1,44,002 units against 1,43,708 units in the same period last year.

Utility vehicles were sold 54,204 units compared to  46,243 units earlier. The company's exports declined to 17,367 units from 26,477 units in the same period last year. 

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3C IT Solutions & Telecoms IPO is open for subscription starting Tuesday, June 4, 2024, and closing on Friday, June 7, 2024. The price of this upcoming IPO is decided at Rs 52 per share. The minimum lot size set for the retail category is 2000 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 4000 shares. The minimum investment required for retail category investors is Rs 1,04,000 (52 x 2000 shares). However, for the HNI category, the minimum investment amount required is Rs 2,08,000 (52 x 4000 shares). 3C IT Solutions & Telecoms IPO is a fixed price issue of Rs 11.44 crores. This upcoming IPO is a combination of fresh issue and offer-for-sale. The fresh issue is of Rs 17 lakh equity shares amounting to Rs 8.84 crores and OFS is of Rs 5 lakh equity shares amounting to Rs 2.60 crores. The allotment for this new IPO is expected to be finalised on Monday, June 10, 2024. 3C IT Solutions & Telecoms IPO will be listed on BSE SME, and the listing date is fixed on Wednesday, June 12, 2024. The book-running lead manager of 3C IT Solutions & Telecoms IPO is Kreo Capital Private Limited. The registrar for this IPO is Skyline Financial Services Limited. The market maker of this issue is Shreni Shares. 

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Magenta Lifecare IPO is open for subscription starting Wednesday, June 5, 2024, and closing on Friday, June 7, 2024. The price of this upcoming IPO is decided at Rs 35 per share. The minimum lot size set for the retail category is 4000 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 8000 shares. The minimum investment required for retail category investors is Rs 1,40,000 (35 x 4000 shares). However, for the HNI category, the minimum investment amount required is Rs 2,80,000 (35 x 8000 shares). Magenta Lifecare IPO is a fixed price issue of Rs 7.00 crores. This upcoming IPO is an entirely fresh issue of 20 lakh equity shares. The allotment for this new IPO is expected to be finalised on Monday, June 10, 2024. Magenta Lifecare IPO will be listed on NSE SME, and the listing date is fixed on Wednesday, June 12, 2024. The book-running lead manager of Magenta Lifecare IPO is Fedex Securities Private Limited. The registrar for this IPO is Cameo Corporate Services Limited. The market maker of this issue is Sunflower Broking.

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Sattrix Information Security IPO is open for subscription starting Wednesday, June 5, 2024, and closing on Friday, June 7, 2024. The price of this upcoming IPO is decided at Rs 121 per share. The minimum lot size set for the retail category is 1000 shares.   

Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 1000 shares. The minimum investment required for retail category investors is Rs 1,21,000 (121 x 1000 shares). However, for the HNI category, the minimum investment amount required is Rs 2,42,000 (121 x 2000 shares). Sattrix Information Security IPO is a fixed price issue of Rs 21.78 crores. This upcoming IPO is an entirely fresh issue of 18 lakh equity shares. The allotment for this new IPO is expected to be finalised on Monday, June 10, 2024. Sattrix Information Security IPO will be listed on NSE SME, and the listing date is fixed on Wednesday, June 12, 2024. The book-running lead manager of Sattrix Information Security IPO is Isk Advisors Private Limited. The registrar for this IPO is Bigshare Services Private Limited. The market maker of this issue is Sunflower Broking.  

[bigulco]

Adani in Talk with Vijay Shekhar Sharma to Acquire Stake in Paytm Parent

Adani Group chairman Gautam Adani is looking to acquire a stake in Paytm's parent company, One97 Communication, according to sources cited by The Times of India. 

According to the report, Paytm CEO Vijay Shekhar Sharma visited Adani's office in Ahmedabad on Tuesday, May 28, 2024, to finalise the deal's contours. 

According to the sources, Vijay Shekhar Sharma has no plans to sell his stake in One97 Communication. 

[bigulco]

Adani in Talk with Vijay Shekhar Sharma to Acquire Stake in Paytm Parent One97 Communication. Read the full details here https://shorturl.at/ptC0D