Tuesday, April 23News That Matters

Day: 7 October 2016

All Home buyers can get relief for delay by builders : Consumer Commission Judgement

News
National Consumer Disputes Redressal Commission (NCDRC) has issued a judment on Friday where all home buyers of a housing project will automatically be the party to a case filed against the builder irrespective of whether they have filed the case or not (under Section 12 (1) (c) of the Consumer Protection Act). The failure of the builder/ developer to deliver possession of the flat / plot sold to them and a complaint filed for the benefit of or on behalf of all such consumers and claiming same relief for all of them, would be maintainable under Section 12(1)(c) of Consumer Protection Act. The interest of the persons on whose behalf the claim is brought must be common or they must have a common grievance which they seek to get addressed. The defect or deficiency in the goods purchased, or ...

SME IPOs – Mutual Funds started investing in it

Stocks
Have you heard about SME IPO?  These are IPO for small and medium enterprises an d listed on separate NSE / BSE SME Platform. Mutual funds have started investing in quality SME IPO. Reliance Mutual fund has invested Rs 8 crores in Valiant Organics SME IPO. Edelweiss has participated in the recently concluded IPOs of Comsyn, Sakar Healthcare and Nandini Creation The details of open SME IPOs is provided here       

Endurance Technologies IPO – Review, Details, Subscription

Stocks
On Day 3 (final day) :  the IPO is oversubscribed 43 times (QIB - 53 times, NII 127 times, and retail portion over-subscribed 2 times) On Day 2:  the IPO is subscribed 92%, with retail portion subscribed 82% (QIB - oversubscribed 1.70 times, NII only 13%) On Day 1:  the IPO is subscribed 12%, with retail portion subscribed 21% Endurance Technologies has announced its IPO and the IPO is opened on 5-Oct for subscription. Issue Details of  Endurance Technologies IPO:   IPO Open :  5th Oct - 7th Oct 2016 Issue Price: Rs 467 - 472 per share Issue Size:  Rs 1161 crores Minimum Bid - 30 shares Maximum Bid - 420 shares Minimum Investment:  Rs 14160 Book Running Lead Managers :  Axis, CitiGroup Registrar – Link Intime Listing: NSE & BSE. The issue is an offer for share (...