News for Centrum Capital Limited (CENTRUM.BO)

Pranav Constructions, a prominent Mumbai-based real estate developer, has filed for an IPO to raise Rs 392 crore, with additional funds to be generated through an offer for sale. The funds will support its redevelopment projects and debt repayment. Centrum Capital Limited and PNB Investment Services Limited are managing the offer.

In the Nifty 50 index, 23 stocks ended in the green, while 27 stocks closed in the red in today's trade.

Fundraising momentum is expected to accelerate further in the New Year, potentially surpassing 2024's record figures

Majority of IPOs in 2021 saw positive returns, with top performers like Jyoti CNC Automation and KRN Heat Exchanger.

CIEL HR Services has filed for an IPO to raise funds through a fresh issue and an offer for sale. The company plans to use the proceeds for acquisitions, investments, and working capital. CIEL HR, promoted by Pandiarajan Karuppasamy, offers a range of HR services and technology platforms to various sectors.

Following the Finance Minister's speech, experts have shared their outlook and key takeaways from the Budget 2024 announcements

Record-breaking fundraising in first half since SME option debut

The Nifty Pharma index was trading 0.6 per cent up at 18974.0.

The Nifty Bank index was trading 0.32 per cent down at 47708.25.

The Nifty Auto index was trading 0.45 per cent down at 22772.35.

The Nifty Realty index was trading 1.1 per cent down at 978.35.

The Nifty has closed below the lows of the previous three trading sessions on the daily charts, which indicates weakness. Experts believe the index is in the process of retracing the rise witnessed from 22,710–22,776, and has been consolidating thereafter.

The Indian rupee fell 14 paise to close at 83.42 on April 12 against its April 5 closing of 83.28.

The recent consolidation in Nifty amid weak global cues indicates time-wise correction and traders should maintain a positive bias until the Nifty holds 22,200 level, sayd Ajit Mishra, SVP - Technical Research, Religare Broking.

In this week, BSE Sensex rose 596.87 or 0.81 percent to finish at 74,248.22 and touched record high of 74,501.73. Nifty50 index gained 186.8 points or 0.83 percent to close at 22,513.70 and touched new high of 22,619.

Shares of Popular Vehicles and Services Ltd (PVSL) made a muted debut at Dalal Street on Tuesday and the company failed to find buying interest from the investors

Ahead of its listing, shares of JG Chemicals were commanding a grey market premium of only Rs 15, suggesting a listing pop of about 7 per cent to the investors.

JG Chemicals, which was incorporated in 1975, produces more than 80 grades of zinc oxide. Its products have various industrial applications.

The Kolkata-based JG Chemicals is selling its shares in the price band of Rs 210-221 apiece. Investors can apply for a minimum of 67 shares and its multiples thereafter.