Author: Legal Parivar

Patel Retail, the Maharashtra-based supermarket chain, saw its ₹243 crore Initial Public Offering (IPO) fully subscribed within hours of opening on Tuesday. By 12 PM, the issue was subscribed 1.40 times, indicating robust investor interest. The IPO is currently trading at a grey market premium (GMP) of around ₹45, suggesting strong unofficial market demand. The price band for the IPO is set between ₹237 and ₹255 per share, and the subscription window will close on Thursday, August 21. Grey Market SentimentWith the current GMP of ₹45 and the upper end of the price band at ₹255, Patel Retail shares are…

Kerala and Punjab, two states operating some of India’s largest lottery systems, are facing fiscal uncertainty due to the government’s proposed GST rationalisation. The proposal suggests increasing the tax on lotteries to 40%, which could significantly affect the revenues of these states. Kerala, which contributes nearly 97% of the country’s total lottery revenues, currently taxes its state lotteries at 28%. If the reform is implemented, the rate could rise to 40%, creating a substantial fiscal burden. Kerala had budgeted over ₹14,000 crore in lottery revenue for FY26, highlighting the potential impact of the change. Punjab, another major lottery state, faces…

Shreeji Shipping Global Ltd, a provider of shipping and logistics solutions for dry bulk cargo, has launched its initial public offering (IPO) for subscription from August 19 to August 21. The IPO price band is set between ₹240 and ₹252 per share. This public issue comprises only a fresh issuance of 1.63 crore equity shares, with no offer-for-sale (OFS) component. If fully subscribed at the upper end of the price band, the company expects to raise ₹411 crore. Lead Managers: Beeline Capital Advisors Pvt Ltd and Elara Capital (India) Pvt Ltd are overseeing the management of the IPO. Use of…

The Securities and Exchange Board of India (Sebi) is reportedly reviewing intraday position limits in index options, aiming to rein in excessive trading, particularly on expiry days, according to sources cited by Moneycontrol. Currently, there are no explicit intraday limits, though exchanges monitor positions at the same thresholds as end-of-day (EoD) limits—Rs 1,500 crore on a net delta (futures-equivalent) basis and Rs 10,000 crore on a gross basis. However, analysis of recent expiry-day trades in Nifty and Sensex contracts revealed that intraday positions often exceed these limits. For instance, on the Nifty expiry of August 7, top net long and…

Chinese Foreign Minister Wang Yi emphasized to India’s External Affairs Minister S. Jaishankar that India and China should develop a “correct strategic understanding” and view each other as partners rather than rivals. According to a statement from the Chinese foreign ministry, China is prepared to uphold the principles of cordiality and mutual benefit in its relationship with India. The meeting took place on August 18 in New Delhi, ahead of Prime Minister Narendra Modi’s planned visit to China for the Shanghai Cooperation Organisation (SCO) annual summit. Jaishankar stressed that both countries should adopt a “candid and constructive” approach to move…

The initial public offering (IPO) of maize specialty products manufacturer Regaal Resources Ltd saw overwhelming demand, and the IPO allotment has now been finalized. The public issue was open from August 12 to 14, 2025, and the allotment date was August 18, 2025. The shares are scheduled to list on BSE and NSE on August 20, 2025. Eligible investors will have their shares credited to their demat accounts on August 19, and refunds will be initiated for unsuccessful applicants on the same day. Investors can check the Regaal Resources IPO allotment status through the BSE, NSE, or the IPO registrar…

Here’s a quick overview of key stocks likely to be in focus in today’s trading session.Reliance IndustriesReliance Consumer has entered the healthy functional beverages market by acquiring a majority stake in a joint venture with Naturedge Beverages. VedantaVedanta’s board will convene on August 21 to discuss a potential second interim dividend. The record date for determining eligible shareholders is set for August 27. Vodafone IdeaThe debt-laden telecom firm is exploring alternative non-banking funding options to support its capital expenditure plans, as unresolved AGR dues continue to affect traditional lender discussions. Hindustan ZincOn Monday, Hindustan Zinc, a Vedanta subsidiary, announced plans…

The domestic equity benchmarks, Sensex and Nifty 50, are expected to start Tuesday’s session on a flat note, following mixed trends in global markets. Investors are closely watching the outcome of US President Donald Trump’s meeting with European leaders on ending the Russia-Ukraine war. Asian markets showed a mixed trend, while US markets closed largely unchanged overnight. On Monday, Indian indices posted strong gains, supported by Prime Minister Modi’s GST reform announcement, S&P Global’s upgrade of India’s credit rating, and optimism around a potential resolution to the Ukraine conflict. Global Cues: Trump-Zelensky Meeting:Trump met Ukrainian President Volodymyr Zelensky and European…

SoftBank Group Corp. has agreed to invest $2 billion in Intel Corp., signaling confidence in the chipmaker and extending SoftBank’s US investment footprint. The Japanese conglomerate will purchase Intel common shares at $23 each, according to a joint statement released Monday. The deal, aimed at strengthening both companies’ commitment to US semiconductor innovation, is subject to customary closing conditions. Following the announcement, Intel shares rose about 5% in after-hours trading, closing the day at $23.66 and marking an 18% gain year-to-date. SoftBank has been actively expanding its presence in the US, including acquiring Foxconn Technology Group’s electric vehicle plant in…

Maharashtra-based Vikran Engineering, an EPC company specializing in energy and water management, has set the price band for its initial public offering (IPO) at Rs 92–97 per share. The IPO will open for subscription on August 26. The anchor book will open on August 25, and the issue will close on August 29. The basis of allotment is scheduled for September 1, with refunds and credit of shares expected on September 2. The stock is set to debut on the exchanges on September 3. The IPO consists of a fresh issuance of shares worth Rs 721 crore and an offer…