Drone Destination is a DGCA-authorized Remote Pilot Training Organization. Along with its sister company, Hubblefly Technologies, they have jointly developed an integrated drone eco-system built around drone manufacturing, certified training, service

During the secular bull market, a TV journalist had asked the late Rakesh Jhunjhunwala when he saw the Sensex touching the 100,000 level. He had given an indicative idea that post 2020 we could see the Sensex scaling the 100,000 mark. He may not have

Even as the mainboard IPO scene was fairly tepid, most of the action was focused on the SME IPO segment. The SME IPO segment saw a total of 32 IPOs in the June 2023 quarter that got listed (which is what we consider for our benchmarking). These 32 IP

In the first quarter of FY24 ending June 2023, the mainboard IPOs were few and far between. There were total of 5 IPOs in this quarter (we are only considering IPOs that listed in the quarter). These five IPOs raised Rs9,064 crore and was largely dom

Global Pet Industries IPO closed on Monday, 03rd July 2023. The IPO had opened for subscription on 28th June 2023. Let us look at the final subscription status of Global Pet Industries Ltd at the close of subscription on 03rd July 2023. A quick w

In its meeting held on 27th April 2023, the board of directors of MPHASIS Ltd has approved a Dividend pay-out of ₹50/- per equity share of face value of ₹10/- each. For the purpose of interim dividend eligibility, the record date has been fixed a

The IPO of Pentagon Rubber Ltd closed on Thursday, 30th June 2023. The IPO had opened for subscription on 26th June 2023. Let us look at the final subscription status of Pentagon Rubber Ltd at the close of subscription on 30th June 2023. A quick

The ₹592 crore IPO of Cyient DLM Ltd, consisted entirely of a fresh issue for the full amount. There was no offer for sale (OFS) component in the IPO, so the entire funds came in as fresh funds and that happened to be EPS dilutive. The IPO saw fair

The ₹567 crore IPO of Ideaforge Technology Ltd, consisted of a fresh issue and an offer for sale (OFS) of ₹240 crore and ₹327 crore respectively. The IPO saw fairly steady response on Day-1, Day-2 and Day-3 of the IPO and closed with extremely

Vilin Bio Med Ltd had a rather tepid listing on 30th June 2023, listing exactly at the issue price but closing a full 5 lower. It was rather ironic because the stock had a weak listing on a day when the markets were exceptionally buoyant. For a long

Aatmaj Healthcare Ltd had a tepid listing on 30th June 2023, around 6.67 below the issue price but closing a full 11.33 lower for the day compared to the IPO issue price. It was rather ironic because the stock had a weak listing on a day when the m

There was a tinge of nostalgia on 30th June 2023. It was to mark the end of tenure of several institutions. It would mark the last board meeting of HDFC Ltd, which officially merger with HDFC Bank effective from July 01, 2023. The stock of HDFC Ltd w