2 weeks ago

Indian Stocks In News: IPOs, Orders, Results And More

Several Indian companies had important stock-market updates on August 19.

Shiprocket and Behari Lal Engineering were scheduled to begin trading after heavily subscribed initial public offerings.

Aster DM Quality Care could see an investor sell part of its ownership.

ONGC opened facilities to move more natural gas through the North East Gas Grid.

RailTel, Atlanta Electricals, Interarch and other companies received large orders.

Exide Industries invested another Rs 200 crore in its battery subsidiary.

Hindustan Zinc increased its use of renewable electricity and is targeting a much larger share by FY28.

Some companies also announced an acquisition, a medicine recall and financial results due later in the day.

Key facts

Shiprocket IPO: Raised Rs 1,617 crore; issue price was Rs 97 per share; subscription reached 99.38 times.
Behari Lal Engineering IPO: Raised Rs 302 crore; issue price was Rs 285 per share; subscription reached 108.44 times.
Aster DM stake sale: Centella Mauritius Holdings was reported likely to sell a 7.2% stake at a floor price of Rs 766.1 per share.
RailTel order: Received a Rs 166.8 crore work order from the Employees & Provident Fund Organisation.
Atlanta Electricals order: Received a Rs 193.92 crore APTRANSCO letter of intent for 12 autotransformers.
Exide investment: Invested Rs 200 crore in Exide Energy Solutions, taking total investment to Rs 5,102.23 crore without changing its shareholding percentage.
Hindustan Zinc renewable power: Renewable power accounted for 22% of consumption, up from approximately 18% in FY26; the company is targeting 70% by FY28.

businesstoday.in · 2 weeks ago