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Priority Jewels secured Rs 27.45 crore from anchor investors before its upcoming public offering. The company's initial public offering will open for subscription on August 28, 2026. This maiden public offer aims to raise funds for working capital and general corporate needs. View More

Priority Jewels, which is engaged in designing, manufacturing and sale of a wide range of light-weight, affordable diamond-studded gold and platinum fine jewellery, has garnered Rs 27.45 crore from anchor investors ahead of its initial public offering , which opens for public subscription on Friday, August 28, 2026. The company informed the bourses that it allocated 13.72 lakh shares at Rs 200 per share to anchor investors. Some of the marquee institutions that participated in the anchor include Whiteoak Capital Equity Fund, Sanshi Fund - I, Plutus Investment Trust - Plutus Equity Investments Series and Khandelwal Finance Private Limited. IPO Details Priority Jewels has fixed the price band of Rs 190 to Rs 200 per Equity Share of face value Rs 10 each for its maiden initial public offer. The IPO will open on Friday, August 28 for subscription and close on Tuesday, September 01. Investors can bid for a minimum of 75 Equity Shares and in multiples of 75 Equity Shares thereafter. Live Events The offer, with a face value of Rs 10 per equity share, comprises a fresh issue of up to 45,75,000 equity shares. The proceeds from its fresh issuance worth Rs 75 crore will be utilised for repayment / pre-payment, in full or in part, of certain working capital borrowings availed by the company, and general corporate purposes. Company Information Incorporated in 2007, the company is engaged in designing, manufacturing and sale of a wide range of light-weight, affordable diamond-studded gold and platinum fine jewellery, and it sells directly to independent jewellers and jewellery chains in India as well as select international markets. The company supplies its products to leading jewellery chains, including CaratLane Trading Private Limited, Kalyan Jewellers India Limited , Reliance Retail Limited, Malabar Gold & Diamonds FZCO, Tribhovandas Bhimji Zaveri Limited and Senco Gold Limited . Its portfolio primarily comprises daily wear jewellery, including rings, earrings, pendants, neckwear, bracelets and occasion couture jewellery, all of which are developed using contemporary design approaches and modern manufacturing techniques. The company's revenue from operations was Rs 146.7 crore for the June 2026 quarter stood and its net profit of Rs 6.4 crore. The company’s revenue from operations was Rs 538.9 crore in FY26 as against Rs 410.5 crore in FY24. Mefcom Capital Markets is the book-running lead manager, and MUFG Intime India is the registrar of the offer. The equity shares are proposed to be listed on the NSE and BSE. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)

ESDS Software Solution raised Rs 216 crore from anchor investors ahead of its Rs 720 crore IPO, opening August 28. Priced at Rs 408-429, the fresh issue will fund cloud computing equipment, data centre infrastructure and corporate needs. View More

ESDS Software Solution has raised Rs 216 crore from anchor investors ahead of its Rs 720 crore initial public offering, which opens for subscription on August 28 and closes on September 1. The company allotted 50.34 lakh shares to anchor investors at Rs 429 per share. The IPO is entirely a fresh issue of 1.68 crore shares. There is no offer-for-sale component. The price band has been fixed at Rs 408-429 per share, valuing the company at about Rs 5,028 crore at the upper end of the band. The company is expected to finalise allotment on September 2, while shares are likely to be credited to demat accounts on September 3. The stock is tentatively scheduled to list on BSE and NSE on September 4. Mutual funds take large anchor share Domestic mutual funds received the bulk of the anchor allocation. ESDS said 41.25 lakh shares, or 82% of the anchor investor portion, were allotted to six domestic mutual funds through 13 schemes. The total allocation to these schemes stood at Rs 177 crore. Motilal Oswal received the largest allocation among anchor investors, with 10.25 lakh shares worth Rs 44 crore. Bandhan Focused Fund was allotted shares worth Rs 28 crore, while Bandhan Small Cap Fund received shares worth about Rs 20 crore. Live Events Quant Mutual Fund received shares worth about Rs 24 crore. Other anchor investors included ITI Mutual Fund schemes, JM Flexicap Fund, Samco Small Cap Fund, Bajaj General Insurance, Sanshi Fund-I, Meru Investment Fund PCC, Cognizant Capital Dynamic Opportunities Fund and CP Capital. DAM Capital Advisors and Systematix Corporate Services are the book-running lead managers to the issue, according to the anchor allocation filing. MUFG Intime India is the registrar. Cloud and data centre play Incorporated in 2005, ESDS Software Solution is an AI-enabled cloud , managed services, data centre infrastructure and software solutions provider. The company serves customers across BFSI, government and enterprise segments. Its portfolio includes Infrastructure-as-a-Service, managed services and Software-as-a-Service. The company also offers colocation, public cloud, private cloud, virtual private cloud, hybrid cloud, community cloud and GPU-as-a-Service solutions. ESDS operates five Tier-3 data centres across India, covering more than 75,000 sq ft. Its managed services business includes cloud and data centre management, cybersecurity, IT infrastructure management, network management, backup and disaster recovery, database management and DevOps services. The company also owns proprietary technology, including SWARAJ Cloud, its patented cloud autoscaling platform. The platform has been developed further into an AI-enabled cloud platform focused on data sovereignty, scalability, security, compliance and AI capabilities. The company proposes to use Rs 576 crore from the IPO proceeds for purchase and installation of cloud computing and other equipment and infrastructure for data centres. The remaining amount will be used for general corporate purposes. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)

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National Housing Bank’s fraud classification follows audits that flagged phantom loan accounts, alleged fund diversion and other irregularities at Star Housing Finance, which is now engaging with a potential investor for a majority stake and fresh capital. View More

Realty firm iUSTUS will develop 25 lakh sq ft of housing and commercial projects in Bengaluru. The company has a "pipeline of around 2.5 million sq ft across South and East Bengaluru, covering residential and commercial developments", iUSTUS said in a statement on Thursday. Bengaluru-based firm is founded by Pawan Sawhney and Santosh Soni, who have been involved in major real estate developments spanning over 7 million sq ft. They bring experience from both the investment and operating sides of the business. iUSTUS said the company would focus on professional execution, disciplined capital deployment, quality, transparency and long-term value creation. Sawhney, MD & CEO of iUSTUS, said: "We believe we have a unique opportunity to better the way we live - by creating enduring value for people and communities while enabling a harmonious coexistence with nature. Sawhney has previously been a Partner at a private equity fund, and also MD and CEO of Address Maker. He is an IIT Bombay . View More

Aragen Life Sciences has filed its DRHP with Sebi for an IPO comprising a Rs 800 crore fresh issue and an OFS. Proceeds will fund debt repayment, capacity expansion and equipment purchases. The CRDMO reported strong FY24–FY26 growth, with revenue reaching Rs 2,178 crore and profit Rs 258 crore in FY26. View More

Aragen Life Sciences has taken another step towards going public as the contract research, development and manufacturing organization company has filed its draft red herring prospectus ( DRHP ) with Sebi for an initial public offering. The public issue comprises a fresh issue of Rs 800 crore and an offer for sale (OFS), with promoters and investors selling up to 27,329,192 equity shares of face value of Rs 10 each. From the promoter group, Reddy Investment Trust and Davinder Singh Brar are set to take part in the OFS, while WSCPVIII (Singapore), WSCPVIII EMP (Singapore), Goldman Sachs Capital Holdings III, and WSCPVIII Parallel Intermediary (Singapore) are among the investors who will be divesting their stakes through the offer for sale, according to the DRHP. The company said it will not receive any proceeds from the offer for sale, and the proceeds will be given to the respective promoters and investors divesting their stakes. However, the proceeds from the fresh issue are proposed to be utilised towards the repayment and/or pre-payment of borrowings; capital expenditure to be incurred by the company for purchasing new equipment and machinery for its facilities in Hyderabad; capital expenditure to be incurred by one of its material subsidiaries, Aragen Biologics , for the facility in Bengaluru, towards purchasing new equipment and machinery; and general corporate purposes, supporting the company's next phase of expansion. Live Events KFin Technologies is the registrar for the issue, while the book-running lead managers include Axis Capital , Citigroup Global Markets India, Goldman Sachs (India) Securities, and JM Financial . Also Read | Up to 407% returns! 12 recently listed stocks turn multibaggers as Nifty IPO index hits 52-week high About Aragen Life Sciences Incorporated in 2000, Aragen Life Sciences is a fully integrated contract research, development and manufacturing organization ( CRDMO ) serving global innovator companies and emerging firms in the life sciences industry. The company offers comprehensive solutions across the entire drug development lifecycle, spanning contract discovery and pre-clinical research solutions (CRO or Contract Research) and contract development and manufacturing solutions (CDMO) for both small molecules and biologics. The company focuses on life sciences companies that are engaged in new chemical entities (NCEs) and new biological entities (NBEs) and has served as a strategic partner to 591 customers globally in Fiscal 2026, across key markets including the United States, Europe, Japan, India, and other APAC markets. Financial Snapshot The company also recorded the second-highest revenue from operations growth between Fiscal 2025 and Fiscal 2026 among the assessed Indian peers, according to the F&S Report. Its revenue from operations, profit for the year, Adjusted EBITDA, and adjusted profit for the year increased at a CAGR of 14.64%, 26.86%, 15.63%, and 29.91%, respectively, from Fiscal 2024 to reach Rs 2,178.39 crore, Rs 257.64 crore, Rs 593.76 crore, and Rs 283.98 crore, respectively, in Fiscal 2026. While achieving this growth, the company said, it has maintained its focus on capital efficiency, with ROCE and ROE at 18.18% and 11.96%, respectively. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)

Cement prices are expected to stay stable through September as demand remains weak. Companies are focusing on maintaining current price levels amid uneven market conditions. A strong post-monsoon demand recovery is crucial for future price increases. Rainfall patterns have impacted construction activity across various Indian regions. Demand is anticipated to improve year-on-year, aided by a favorable base. View More

New Delhi: Cement prices are likely to remain broadly range-bound through September as weak and uneven demand continues to limit companies' ability to sustain price increases, with a recovery in construction activity after the monsoon emerging as a key factor for the sector, according to a report by Centrum. The brokerage said its channel checks across regions showed that cement prices remained largely stable in August, while recent price hike attempts of up to Rs 10 per bag in select markets were yet to be absorbed. It expects companies to remain focused on protecting existing price levels, with selective hikes possible in some markets. Read more: NU Vista receives ₹15.41 crore Show Cause Notice for input tax credit irregularities "Market intermediaries expect cement prices to remain broadly range-bound through September, with a healthy post-monsoon demand recovery likely to be critical for the sustainability of future price hikes," the report said. The all-India average trade price stood at Rs 349 per bag in August, largely unchanged from the previous month and around 0.8 per cent below the Q1FY27 average of Rs 352 per bag. Prices were flat month-on-month across the Central, East, North, South and West regions. Live Events Demand remained uneven, largely due to differences in rainfall and local market conditions. Centrum noted that 46 per cent of districts received deficient or large-deficient rainfall, while only 14 per cent received excess or large-excess rainfall. Read more: Dalmia Bharat sees new assets boosting volumes soon; Profit falls 50% Heavy rainfall disrupted construction activity in parts of East India, while Central India saw the usual monsoon-related slowdown. South India continued to face weak demand and poor pricing discipline. In contrast, lower rainfall supported construction activity in parts of West India, while North India remained relatively stable. The brokerage expects demand conditions to remain mixed in September. Continued rainfall could weigh on construction activity in the first half of the month, while a receding monsoon and the usual quarter-end push could support volumes in the latter half. On a year-on-year basis, demand is expected to show improvement, helped by a favourable base from September 2025, when GST-related uncertainty had affected activity. However, Centrum cautioned that a meaningful recovery would depend on construction activity normalising after the monsoon. "Sustaining such hikes may remain challenging until demand improves meaningfully," the report said, indicating that pricing power is likely to remain dependent on a stronger recovery in demand. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)

Inheritance of assets does not incur immediate tax but it changes when you sell it later. Here's all you need to know about capital gains tax rules, available tax relief options and other details. View More

From October 1, 2026, resident individuals and HUFs buying property from NRIs can use their PAN to deposit TDS instead of obtaining a TAN. Until September 30, buyers must follow the existing TAN-based process, while TDS remains applicable from the first rupee. View More

Skyways Air Services IPO culminates its bidding process today, attracting considerable interest from investors. The issue was subscribed 5.08 times, reflecting a robust demand from retail participants. Current grey market trends indicate a potential listing gain of around thirty-one percent. The firm intends to allocate the funds raised towards managing existing debt and enhancing working capital, with anchor investors pledging Rs 174.5 crore as part of the offering. View More

By the end of the final day of subscription, Skyways Air Services IPO had been subscribed 71.25 times overall, with investors placing bids for 210.79 crore shares against 2.95 crore shares on offer. The latest grey market premium (GMP) suggests a potential listing gain of around 31% over the upper end of the IPO price band, up from the earlier indication of 21%, pointing to positive investor sentiment. By the end of Day 3, the issue had been subscribed 5.08 times, with bids received for 2.95 crore shares against the shares on offer. Retail investors led the demand, with their reserved portion subscribed 6.92 times against 1.48 crore shares available. Skyways Air Services operates in India’s air freight forwarding and logistics sector. The company has set the IPO price band at Rs 131–138 per equity share. The Rs 582.8 crore issue includes a fresh issue of 2.89 crore shares aggregating Rs 398.8 crore and an offer for sale (OFS) of 1.33 crore shares worth Rs 184 crore. While the latest GMP reflects strong market sentiment, investors should note that grey-market premiums are unofficial and can change rapidly. GMP should therefore not be viewed as a guaranteed indicator of listing gains. Live Events The IPO allotment is expected to be finalised on August 28, 2026, while the shares are proposed to be listed on the NSE and BSE on September 1, 2026. Holani Consultants Pvt. Ltd. is the book-running lead manager for the issue, and Bigshare Services Pvt. Ltd. is the registrar. Anchor Investors: Ahead of the IPO launch, Skyways Air Services raised Rs 174.5 crore from anchor investors, highlighting strong institutional interest in the issue. The company informed the stock exchanges that it had allotted 1,26,48,000 equity shares to anchor investors at Rs 138 per share. Skyways Air IPO Subscription Status Qualified Institutional Buyers (QIBs): The QIB portion was subscribed 139.69 times against 84.32 lakh shares on offer. Non-Institutional Investors (NIIs): The NII segment was subscribed 87.24 times, compared with 63.51 lakh shares reserved for them. Retail investors: The retail portion was subscribed 25.40 times against 1.48 crore shares reserved for the category. Skyways Air IPO GMP Today The Skyways Air IPO is currently trading at a grey market premium (GMP) of Rs 42 per share, equivalent to around 31% over the upper end of the IPO price band of Rs 138. Based on the prevailing GMP, the estimated listing price stands at around Rs 180 per share, indicating a potential listing gain of approximately 31% over the IPO issue price. GMP Note: The grey market premium is an unofficial indicator of investor sentiment and should not be considered a guarantee of the actual listing price or returns. GMP can fluctuate considerably before the stock makes its market debut. IPO Objects of the Issue A key objective of the IPO is to strengthen Skyways Air Services’ financial position and provide additional resources to support its future expansion. Of the net proceeds, Rs 216.79 crore is proposed to be used for the full or partial repayment or prepayment of certain outstanding borrowings taken by the company and its subsidiary, Forin Container Line Pvt. Ltd. Reducing debt is expected to help the company improve its financial structure and potentially lower its financing burden. Another Rs 130 crore has been earmarked to meet the company’s incremental working capital requirements. The funds will provide greater flexibility to manage day-to-day operations while supporting business growth. The remaining proceeds will be utilised for general corporate purposes. Overall, the estimated utilisation of net proceeds stands at Rs 346.79 crore. Skyways Air Services Financial Performance Skyways Air Services reported a strong financial performance in FY2026, with both revenue and profitability registering healthy growth. The company’s total income increased 25% to Rs 2,839.67 crore in FY26, compared with Rs 2,270.99 crore in FY25. More notably, profit after tax (PAT) jumped 32% to Rs 63.52 crore, from Rs 48.14 crore a year earlier. About Skyways Air Services Skyways Air Services Limited, or SASL, was incorporated in 1984 and is one of the leading air freight forwarding and logistics companies in India. The range of its logistics solutions mainly comprises air freight forwarding, ocean freight forwarding, trucking, warehousing, customs broking, and technology-driven express cargo and parcel delivery services. The value-added services of Skyways Air Services Limited include logistics planning and management, cargo handling operations, warehousing and inventory management, documentation and customs clearance, and end-to-end distribution. The company similarly operates a robust, IT-enabled platform to support these services and sustains a strong global network through international alliances and affiliations with organizations such as the World Cargo Alliance (WCA), Air & Ocean Partners (AOP), Combined Logistics Networks (CLN), Multi Group Logistics Network (MGLN), Global Freight Alliance (GFA), and the Transport Worldwide International Group (TWIG). It has performance-based agreements with leading international airlines such as Saudi Cargo, Air India Cargo, Turkish Airlines, and Lufthansa that ensure strong connectivity and service coverage across major markets. Skyways Air Services Limited has grown to become a multi-modal logistics player with cold storage facilities around Indira Gandhi International Airport for pharmaceuticals and temperature-sensitive cargo, and an integrated platform to offer air and ocean, road, and express delivery services. As of December 31, 2024, and for the periods ended March 31, 2024, 2023, and 2022, the company and its subsidiaries had 1,035, 950, 840, and 712 employees, respectively. Should You Subscribe? Master Capital Services on Skyways Air Services, "India’s air cargo and logistics sector is witnessing strong growth, driven by rising exports, the rapid expansion of e-commerce, organised supply chains and increasing demand for faster and more reliable cargo movement. Government-led infrastructure development and digital initiatives are also supporting the sector’s expansion. The Indian logistics industry has grown significantly in recent years, supported by rapid industrialisation and urbanisation, rising domestic consumption and the continued growth of e-commerce. The sector was valued at around USD 215 billion in 2021 and is projected to grow at a CAGR of 10.7% to reach approximately USD 357 billion by FY2026. Meanwhile, the domestic express logistics segment is expected to grow at a 14% CAGR between FY2023 and FY2028. India’s air freight movement has also maintained a steady long-term growth trajectory, rising from 3.33 million tonnes in FY2020 to 3.96 million tonnes in FY2026, representing a CAGR of approximately 2.9%. The development of dedicated cargo terminals and perishable-cargo centres at major airports, along with connectivity initiatives such as UDAN and Bharatmala, is expected to further strengthen the country’s logistics infrastructure. Against this backdrop, Skyways Air Services, with nearly four decades of operating experience, holds a strong position in the market. Its No. 1 ranking in terms of AWBs generated, integrated air, ocean, road, warehousing and customs solutions, and long-standing relationships with international airlines provide it with a diversified logistics platform. Given the favourable industry outlook and the company’s established presence across the air freight and logistics value chain, Master Capital Services believes investors may consider the Skyways Air Services IPO as a potential long-term investment opportunity. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)