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Table of Contents
Indian Renewable Energy Development Agency Latest Update.
To raise Rs 24000 Cr debt capital in this fiscal year, IREDA chairman Pradip Kumar Das expects to open an IFSC unit in 2 to 3 months. A top official has said, “It will be opened very soon to help green-energy-focused public sector financier in collecting funds at much cheaper rates and thus its loan price will get lower.
Chairman and Managing Director “Das,” said, “We aim to complete the process very shortly once we get the permission to open a unit in Gift Fifty at IFCO in Gandhinagar within 2 to 3 three months. He said we are confident that we can raise funds at a much lower rate because of our latest S&P ratings.
Das said, “IREDA also hopes to come in the list of companies that can raise funds through bonds covered under 54EC of the Income Tax Act. According to the Income Tax Act, Investors can invest in 54EC bonds that are making capital gains on the sale of immovable property to save on long-term capital gains tax.
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IndiaMART InterMESH’s Return on Capital: I Glance on Business Performance.
IndiaMART InterMESH a leading eCommerce B2B giant, is facing comments on its return on capital. Investors and Analysts are raising concerns about whether companies financial performance reflects its market position effectively.
Comprehensive analysis reveals how IndiaMART’s inner value is lower than the current market price, around 45% to 47% overvalued, with an intrinsic value calculated at 1,657.38 INR per share compared to the market price hovering around 3,128.75 INR. This difference raises alarms among the investors, forcing a closer examination of the company’s financial health.
The company’s return on capital concern comes from its capital allocation strategies. The company’s solvency score is 79 out of 100 which is commendable and indicates can meet long-term obligations. However, returns generated from capital are not converted into proportional profits. This can be because of several reasons. including high operational costs and a competitive marketplace.
Bajaj Housing Finance IPO: Listing Date, GMP Jump, and Allotment left.
Bajaj housing finance IPO was going crazy when it came to the public. It opened for public on Sep 9 and closed on Sep 11, 2024. The listing date is Sep 16, 2024, and will be listed on BSE, NSE. Because the price band is Rs 60 to Rs 70 and lot size 214 shares that’s why for retail investors min Rs 14,980 and a max of Rs 1,94,740 will be required.
With a total of 937,142,858 shares, the IPO’s issue size was Rs 3,560.00 Cr. Because of the demand for its shares after the IPO opening the last GPM was Rs 84 which showed a 120% increase from its band price. Bajaj Housing Finance’s estimated listing price is RS 154 (Cap Price + Today’s GMP). And the expected gain/loss is 120%.
Allotment size is still available, If you want to book the available lot then Click here to know about allotment and to book the lots.
PN Gadgil Jewellers Limited IPO: Listing Date, GMP jump, and Allotment to Book.
PN Gadgil Jewellers Limited IPO come to be a goldmine for all the IPO investors. It has been in trend from its IPO opening till now. IPO launched on Sep 10 with Rs 456 to Rs 480 price band and closed on Sep 12, 2024. lot size was 31 shares and min Rs 14,888 maz Rs 193,440 was required for all retail investors.
With 22,916,667 total shares and with Rs 1,100.00 Cr issue size it did amazing in the market and will list BSE and NSE exchange on Sep 17 at BSE and NSE. PN Gadgil Jewellers’ last GMP is Rs 330, Because the price band is Rs 480 that is why the estimated listing price is Rs 810. The expected percentage gain/loss is 68.75%.
There are still chances to get lots of this IPO. If you want then click here to know about this and book the lot.
Elon Musk Security Guards Increased Due to Death Threats Who Call Him By a Code Name.
Elon Musk, the world’s richest man with $240 billion exceeding wealth has increased his security because of a death threat. Normally he was traveling with just 2 bodyguards, Musk now travels with as many as 20 security personnel, who are trained to scout escape routes and clear the room before he enters.
The professionals carry guns and refer to Musk by the code name ‘Voyager’. New York Times adds Tesla’s recent financial disclosures highlight the rise in Elon Musk’s Security rise. Tesla reported spending $2.4 million on Musk’s protection in 2023, with an additional $500,000 in just 2 months of 2024 alone. This represents a dramatic increase from the $145,000 monthly average spent on his security between 2015 to 2018.
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Muhammad Shahbaz writes this article.