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We keep our tab on various news and performance in Mutual Fund Industry, to deliver the very best to our clients.
Anawil Wire & Engineering is set to list on the NSE SME platform today, August 10, with a 21% grey market premium (GMP) signalling a strong debut. Its IPO was subscribed 149.13 times, led by NII demand at 233.36 times, followed by QIBs at 164.56 times and retail investors at 104.22 times.
Japanโs Nikkei index recorded an upward trend thanks to strong performances in AI and semiconductor stocks. Companies like Advantest and Tokyo Electron saw notable increases, while Recruit Holdings enjoyed a boost after surpassing market expectations with revised projections. Nevertheless, concerns regarding the Middle East and forecasts from a battery materials producer restrained further growth. Investor caution prevailed amidst the Obon holidays and scarce market indicators.
Adani Group's massive investments in infrastructure are proving advantageous for various publicly traded companies. These affiliates are not only seeing significant growth in their order books but also witnessing an upsurge in stock valuations. With a focus on expansion, Adani considers these businesses as essential collaborators, driving progress in the engineering and technology sectors and transforming revenue streams across multiple industries.
The Technocraft Ventures IPO entered its second day of bidding with 2.59 times subscription and an 11% grey market premium. Valued at Rs 251.88 crore, the issue offers shares in the Rs 200 to Rs 212 price band. Analysts have given it a Subscribe Long Term rating based on solid growth fundamentals.
The KKR-backed LEAP India IPO entered its second day of bidding on August 10, 2026, with an overall subscription of 26% on Day 1. Commanding a 10% grey market premium, the Rs 2,480 crore issue has drawn a "Subscribe - Long Term" rating from brokerages despite premium valuations.