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PROTECT YOURSELF with Orgo-Life® QUANTUM TECHNOLOGY
Orgo-Life the new way to the future Advertising by AdpathwayJio-BlackRock Asset Management on Monday announced that it’s mutual fund schemes are now also available as regular plans. The asset manager had entered the MF space as a direct-only fund house. “With the introduction of Regular Plans, investors will also be able to invest through registered mutual fund distributors, giving them greater choice in how they engage with and access JioBlackRock’s investment offerings,” the fund house said in a release. Regular plans come with higher expense ratios as they pay commissions to distributors.
Tempsens Instruments fixes IPO price band at ₹285-300/share
Tempsens Instruments has priced its ₹650-crore initial public offering (IPO) at ₹285 to ₹300 per share. Bids will open on August 20, and close on August 24. The firm will tentatively list on the bourses on August 28. The offering comprises a fresh issue of ₹95 crore and an offer for sale of ₹555 crore. Proceeds will fund payment of existing debt, capital expenditure for electrical heating and specialised cables, and general corporate expenses.
Molbio Diagnostics, Dhoot Transmission make strong mkt debut
Molbio Diagnostics and Dhoot Transmission made their market debut on the bourses on Monday, with both companies closing at premiums to their issue prices. Molbio Diagnostics closed at ₹1,036.30 on the BSE, a 28.41 per cent jump from its issue price of ₹807, while Dhoot Transmission stock closed at ₹1,187.50, a 36.34 per cent surge above its issue price of ₹871.
Lalithaa Jewellery IPO booked 0.68x on Day 1
Lalithaa Jewellery Mart’s initial public offering (IPO) was subscribed 0.68 times on its opening day across the bourses, driven primarily by employees, who bid 1.48 times. Meanwhile, Horizon Industrial Parks Limited’s IPO was subscribed 0.14 times on its opening day, driven primarily by employees, who bid 0.29 times.
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