DIY Investment

Burger King was planning to raise around  ₹ 480 crore in primary capital, for loan repayments, expansion Market crash following the rapid spread of COVID-19 forced the company to defer the IPO temporarily With its initial public offering (IPO) plans impacted by the coronavirus (COVID-19) pandemic induced market crash, Everstone Capital backed-fast food chain Burger King India Ltd has been engaged in talks to raise around Rs100-150 crore from private equity funds, said two people aware of the development. Burger King India was planning to launch its IPO later this month and had filed the red herring prospectus with the registrar of companies on 11 March. The market crash following the rapid global spread of COVID-19 forced the company to defer the public offer temporarily. Burger King India was planning to raise around  ₹ 480 crore in primary capital, for loan repayments, expanding its store network, the RHP filed by the company shows. Its promoter —QSR Asia Pte Ltd...

Daily operations of BSE will continue as usual, said CEO Ashish Chauhan while backing PM Modi's decision of a nationwide lockdown. Prime Minister Narendra Modi on March 24 announced a lockdown in the entire country starting midnight from Tuesday for the next 21 days, but stock market operations will continue, as usual, Ashish Chauhan, CEO, BSE said in a tweet. Backing the prime minister's decision on the lockdown through a tweet, Chauhan said: “The entire country is with you to save India’s future. We will do the 3 weeks nationwide lockdown ourselves." In another tweet, he said the daily operations of BSE will continue as usual putting speculation to rest on whether the market will function during the lockdown. India has so far reported close to 500 confirmed cases of the coronavirus and ten deaths, and the total number of Coronavirus cases across the world is nearing 400,000. Indian markets bounced back on Tuesday after registering its worst day in absolute terms in previ...

The rupee today gained against the US dollar today amid a broad weakening of the greenback after US Federal Reserve announced another round of stimulus measures to cushion the impact of  coronavirus  on American economy. Other Asian currencies were also higher against the US dollar today. The rupee today rose to 75.93 per US dollar at day's high, as compared to previous close of 76.29. The rupee had hit a record low of 76.32 against the US dollar in the previous session. Paring some early gains, the rupee recently traded at 76.09 per dollar. Indian stocks markets also failed to sustain early gains and the Sensex was up 1% after surging 5% earlier. In global markets, the US dollar slipped after the Fed announced unlimited quantitative easing and programmes to support credit markets, pulling out all stops to supply much needed greenback liquidity. The dollar index lost about 0.8% to 101.67, slipping further from Friday's peak of 102.99, its highest level since January 2017. Year...

Demat account is the popular short form for ‘Dematerialized Account’. Such kind of accounts hold all the purchased shares in an electronic form. It is simply like a bank account; however, it possesses various financial instruments viz. shares, bonds, government securities, mutual funds, and exchange-traded funds (ETFs). Origin of Demat Account With the introduction of the depository system in India through Depository Act of 1996, the trading of shares on National Stock Exchange started. These were held in a demat account. Looking to invest? Open an account and start investing for free Before that, paper shares used to be issued which was a cumbersome process and was equally troublesome. Printing of shares was a major challenge, accompanied with issuing it. Moreover, keeping it intact and safe proved to be a difficult task for shareholders. Demat accounts are not mere accounts that hold shares and securities but act as a bank in itself that may hold an unlimited numb...

SBI Cards IPO was subscribed over 22 times despite difficult market conditions SBI Cards’  ₹ 10,000 crore IPO is the first by a credit card issuer in India SBI Cards IPO: Retail individual investors segment was subscribed 2.5 times All eyes are on the allocation of SBI Cards shares after the IPO closed on March 5th. Despite a plunging market, SBI Cards IPO was subscribed over 22 times in one of the largest share sale in recent times. If you had invested in the IPO, then you can check the status of your allotment on the  website of Link Intime India , the registrar of the IPO. The share allocation is likely to be decided on Wednesday. And the listing on BSE and NSE is likely to happen on March 16th. SBI Cards, the credit card arm of the SBI, the country's top public lender, drew bids for 225 crore shares, compared about 10 crore shares on offer, stock exchange data showed. Non-institutional investors category was subscribed 45 times and retail individual investors 2.5 times. SB...

SBI Cards and Payment Services, the first initial public offering of 2020 has seen a 15.48 times subscription on March 4, the third day of bidding. SBI Card is the biggest public issue after GIC Re which was launched in October 2017. The issue has so far received bids for over 155.35 crore equity shares against IPO size of more than 10 crore equity shares (excluding anchor book), the exchanges data showed. March 4 is the last day for qualified institutional bidders whose reserved portion was subscribed 57.18 times. The issue will remain open till March 5 for all other investors. The portion set aside for non-institutional investors (or high networth individuals) saw 2.18 times subscription, while that of retail bidders 1.76 times. The reserved portion of employees, for whom the country's second largest card issuer will offer shares at a discount of Rs 75 on final IPO price, has subscribed 3.29 times, while that of  SBI...