Pune-based KSH International has filed a DRHP with SEBI to raise Rs 745 crore via IPO, comprising a Rs 420 crore fresh issue and Rs 325 crore OFS. The magnet winding wire manufacturer exports to 24 countries and plans to use proceeds for debt repayment, machinery expansion, and a solar plant setup. Its FY24 revenue rose 32% to Rs 1,383 crore.
Siemens stock opened at Rs 2,571 on the BSE. Monday marks the record date for the demerger, with eligible shareholders set to receive one share of Siemens Energy India for every share held in Siemens India, in a 1:1 ratio.
Stocks including Tata Motors, ITC, L&T, Tata Steel, Mazagon Dock, TVS Motor, YES Bank, Biocon, IndusInd Bank, TVS Motor and Nykaa will be in the spotlight on Monday, April 07.
Shares of Siemens Ltd. will be in focus on Friday, as it marks the last session for investors to buy shares under the T+1 settlement cycle, to qualify for receiving equity in the new company after the demerger of its energy business. The demerger ratio is set at 1:1. The record date determines the eligible shareholders for the spin-off. The ex-date, which coincides with the record date, marks when the share price adjusts to reflect the split.
Stocks including Tata Steel, Power Grid, Tata Consumer Products, Coal India, NMDC, JSW Energy, RITES, Siemens, Hindustan Copper will be in the spotlight on Wednesday, April 02.
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The proposed IPO will consist of a combination of a Fresh Issue of equity shares aggregating up to Rs 750 crore and an Offer for Sale (OFS) of up to Rs 100 crore in equity shares
The Sensex and Nifty ended lower after a seven-day rally. Siemens, ZF Commercial, HEG, and HAL gained, while Cholamandalam Financial and KFin Technologies declined amid market caution.