Mazagon Dock Shipbuilders in April had announced that its board of directors have recommended a final dividend of Rs 4.62 per share for the financial year 2026. The company later fixed August 20 as the record date to determine the eligibility of shareholders set to receive the payment.
The IPO, which was open for subscription from August 12 to August 14, drew an overwhelming response from investors and was subscribed 108.44 times overall. The retail portion was subscribed 53.27 times, while the QIB and NII categories saw exceptionally strong demand, with subscriptions of 165.33 times and 165.32 times, respectively.
Mumbai-based Milky Mist Dairy Foods made a strong debut on the NSE, listing at ₹165—17.9% above its issue price of ₹140. The stock climbed further to close at the day’s high of ₹181.50, valuing the company at ₹13,972.66 crore at the close.
India’s outward FDI rose 17% year-on-year to $5.70 billion in July from $4.88 billion a year earlier, according to provisional RBI data. It was also higher than the $3.14 billion recorded in June.
The unofficial grey market shows increased activity with rising share prices. Recent strong IPO listings have boosted investor confidence and expectations for future gains. Several upcoming initial public offerings are experiencing significant grey market premiums. This heightened investor appetite is driven by recent successful stock market debuts. Companies are now pricing their offerings more conservatively to ensure strong subscriptions.
Wall Street faced a downturn as escalating tensions in the Middle East triggered a surge in bond yields. A steep decline was particularly evident in technology stocks, with semiconductors taking the brunt of the losses. Investors pivoted from growth-focused sectors to safer bets like healthcare. Additionally, oil prices rose amidst geopolitical instability and changes in military strategies.
Anthropic is broadening its revolving credit facility past the initial target to prepare for its much-anticipated initial public offering. Multiple banks are looking to partake in the credit line, establishing their positions in the upcoming IPO. Bolstered by a surge in revenue, Anthropic is geared for its entrance onto Wall Street this fall.
Sebi is preparing to unveil a consultation paper focused on the distribution of corporate bonds. This initiative aims to refine the framework governing corporate bond sales and is evaluating additional distributor categories to broaden debt market participation. With the rise of online platforms, retail investors will gain improved access to privately placed bonds, while technological advancements are set to enhance transparency and efficiency in bond investments.
Kotak Mahindra Bank raised $650 million through its debut five-year dollar bond, pricing notes at 108 basis points over US Treasuries. Strong demand from Asian and European investors helped tighten pricing from initial guidance, with orders reaching $2.1 billion.
Crude prices, rising US yields and weak global cues kept Indian equities under pressure. Analysts remain bullish on Aeroflex Industries and JG Chemical, citing strong technical setups, key support levels and potential upside targets despite near-term market risks.
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