🚀 IPO LISTINGS

• Urban Company, Dev Accelerator, and Shringar House of Mangalsutra are set to list on the BSE and NSE today, September 17, 2025.
• Urban Company's IPO, which was open from September 10-12, saw overwhelming demand, being subscribed 108.98 times overall, with Qualified Institutional Buyers (QIBs) at 147.35 times.
• Grey market premium (GMP) for Urban Company indicated an estimated listing price of ₹154 per share, a premium of nearly 50% to its issue price of ₹103, signaling a strong debut.

📍 ORDER WINS

• Bharat Electronics (BEL) announced new orders totaling ₹712 crore since September 1, encompassing IT infrastructure, cybersecurity, ESM systems, blockchain solutions, and communication equipment.
• Larsen & Toubro (L&T) secured a significant bullet train project deal.
• Concord Control's associate company, Progota India Private Limited, received an order worth ₹19.45 crore from South Central Railway for Kavach 4.0, which includes the design, development, supply, installation, testing, and commissioning of trackside and on-board equipment.

🤝 ACQUISITIONS & BIDS

• The Competition Commission of India (CCI) has approved JSW Paints' acquisition of up to 75% stake in Akzo Nobel India through a share purchase agreement and a mandatory open offer.
• Jindal Steel International has submitted a non-binding bid for Thyssenkrupp's steel division, Thyssenkrupp Steel Europe (TKSE), with discussions ongoing to evaluate the offer's financial sustainability and green initiatives.

💰 FUNDRAISING

• Amber Enterprises India received board approval to launch a Qualified Institutional Placement (QIP) of up to ₹2,500 crore, with the floor price set at ₹7,790.88 per share.

🗓️ EX-DIVIDEND STOCKS

• Shares of 27 companies, including Shilpa Medicare, RITES, 63 Moons Technologies, Garware Hi-Tech Films, Panasonic Energy India Company, and TANFAC Industries, will trade ex-dividend today, September 17, 2025.
• Garware Hi-Tech Films announced the highest dividend at ₹12 per share, followed by Panasonic Energy India Company at ₹9.42 per share.

🔗 PARTNERSHIPS

• Tata Power and Suzlon Energy have announced a partnership.

⚙️ REGULATORY & POLICY UPDATES

• SEBI has cleared six Initial Public Offerings (IPOs), including those for Pine Labs and Hero Motors, which are collectively expected to raise at least ₹9,000 crore.
• India is proposing amendments to allow 100% Foreign Direct Investment (FDI) in its insurance sector, aiming to attract long-term foreign capital and enhance competition.

📊 OTHER COMPANY NEWS

• Coal India has been declared the preferred bidder by the Ministry of Mines for the Ontillu-Chandragiri rare earth element (REE) exploration.
• NCC Limited's market capitalization rose, with individual insiders holding a significant 33% ownership in the company.
• Transformers and Rectifiers (India) Limited (TARIL) stock has seen a 7.4% increase over the past three months, driven by strong financials.

TAGS: India Daybook, Stocks in News, Corporate News, Stock Market, Company News

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