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A Pennsylvania grandfather spent years creating a private backyard amusement area for his grandchildren, complete with a go-kart track, waterslide and vintage carousel. His latest project, a restored roller coaster called The Tidal Wave, has run into local zoning rules because the township code does not specifically allow such a structure. A court has sent the dispute back to the zoning board. View More
A recent ITAT ruling emphasizes that property transactions below stamp duty value can trigger tax scrutiny. A Ghaziabad taxpayer faced penalties for not reporting a ?10.7 lakh difference, but the ITAT later overturned the penalty, citing the taxpayer's lack of intent to conceal income. View More
J Infratech Ltd has submitted preliminary papers for an initial public offering valued at Rs 600 crore. The IPO includes a fresh issue and an offer for sale by its promoters. The Haryana-based firm, established in 2005, focuses on infrastructure projects such as roads and bridges. Proceeds from the IPO will support working capital and repay borrowings, among other corporate purposes. View More
J Infratech Ltd, an integrated infrastructure engineering, procurement and construction (EPC) firm, has filed preliminary papers with the market regulator Sebi for an initial public offering (IPO) comprising a fresh issue of shares worth Rs 600 crore . Apart from the fresh issue, the company's proposed IPO comprises an offer for sale (OFS) of 1 crore equity shares by promoters, according to the draft red herring prospectus (DRHP) filed on Friday. The Haryana-based company may also consider a pre-IPO placement of up to Rs 120 crore. In case the placement is completed, the size of the fresh issue will be reduced accordingly. The proceeds from the IPO will primarily be utilised to meet working capital requirements, repay or pre-pay certain borrowings and for general corporate purposes. J Infratech is an integrated infrastructure engineering, procurement and construction (EPC) company focused on roads, highways and bridges, with experience in executing large-scale road development projects involving specialised structures across India. Live Events The company commenced operations in 2005 through its partnership firm, Jandu Construction Co, which was subsequently converted into J Infratech in 2019. As of July 31, 2026, the company had completed 35 projects and was executing 46 projects across 16 states and three Union Territories. The equity shares proposed to be offered through the IPO are proposed to be listed on both BSE and NSE. Systematix Corporate Services is the book-running lead manager to the issue, and KFin Technologies is the registrar to the offer. .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)
In Mumbai, sales of residential properties fell 8 per cent to 9,830 units from 10,690 units. Thane in the Mumbai Metropolitan Region saw an 11 per cent decline in sales to 16,230 units from 18,240 units, showed a report. View More
Baanganga Gold & Diamond has filed its DRHP for an IPO comprising a fresh issue of up to ?540 crore and OFS of up to ?180 crore. The jewellery manufacturer plans to use fresh proceeds mainly for working capital requirements. View More
Baanganga Gold & Diamond (I), an organised and fully integrated manufacturer of gold and diamond jewellery operating on a business-to-business (B2B) model, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) for its proposed initial public offering (IPO). The proposed issue comprises a fresh issue of equity shares aggregating up to Rs 540 crore and an offer for sale (OFS) of shares worth up to Rs 180 crore, taking the total issue size to up to Rs 720 crore. The OFS comprises shares offered by promoter selling shareholders Navratanmal Jeetmal Ganna, for up to Rs 120 crore, and Jinesh Navratanmal Ganna, for up to Rs 60 crore. Baanganga plans to use the net proceeds from the fresh issue to fund working capital requirements and for general corporate purposes. Of the proceeds, Rs 405 crore is proposed to be deployed towards working capital requirements across Fiscal 2027, Fiscal 2028 and Fiscal 2029. ALSO READ: Nifty logs 7th straight weekly loss for the first time in 6 years: Time to be fearful, or can bulls pull off a comeback? Live Events The company operates across the jewellery manufacturing value chain, covering product design, production, quality control and sale of gold and diamond jewellery. It primarily supplies organised corporate jewellery retail chains, wholesalers and distributors. Its customers include Joyalukkas India, Novel Jewels (Aditya Birla Group), Malabar Gold and Diamonds, Kalyan Jewellers, Bhima Enterprises and P N Gadgil Jewellers . As of July 31, 2026, the company had more than 500,000 designs and a client base of 579 customers across 18 states and four union territories. It also exports to seven countries and has more than 25 international clients. Baanganga operates three manufacturing facilities in Mumbai, spread across 23,994 sq ft, with an installed capacity of 7,500 kg per annum. Capacity utilisation stood at 48.39% as of March 31, 2026. The manufacturing operations are supported by 91 designers and 402 Karigars, while the company's sales network comprises 51 executives, with branch offices in Pune and Chennai. Market opportunity According to the CareEdge Report, the Indian wholesale gold jewellery market was valued at Rs 2,176.1 billion in CY25, growing at a CAGR of 11.3% between CY20 and CY25. The market is projected to reach Rs 4,024.7 billion by CY30P. The organised segment accounts for around 35-40% of the historically fragmented industry, led by pan-India players and regional brands. Baanganga held an approximately 1.9% market share in the Indian gold jewellery manufacturing (wholesale) market in Fiscal 2026, according to the CareEdge Report. IPO proceeds and offer structure The company will not receive any proceeds from the OFS. The proceeds from the OFS, after applicable offer-related expenses and taxes, will accrue to the respective promoter selling shareholders. DAM Capital Advisors Ltd. is the sole Book Running Lead Manager to the offer, while KFin Technologies Ltd. is the registrar. Product portfolio Baanganga's product portfolio includes plain gold, studded gold and diamond jewellery, covering necklaces, bangles, rings, earrings, pendants, mangalsutra, bracelets and chains. The company's collections are primarily crafted in 18-karat and 22-karat gold and cater to different age groups, genders and price ranges. Its offerings include bridal and wedding jewellery as well as products for special occasions and everyday wear. Disclosure: This article has been written by Kumar Gaurav, who is not a Sebi-registered Research Analyst or an Investment Adviser. Gaurav and their ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective Sebi-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. 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Navy sailor Connor Nelson returned to his California apartment after a 10-month deployment aboard the USS Abraham Lincoln, only to find his SUV stolen and his home ransacked in his absence. View More
After examining the material placed before it, the commission concluded that the original property papers had been lost while they were in the bank's custody. View More
The financing will support home purchases by women from economically weaker sections and low-income groups in urban and peri-urban areas across India View More
Anjali LabTech Ltd has re-submitted its draft papers to Sebi for a notable Initial Public Offering targeting Rs 1,225 crore. This IPO encompasses a fresh share issue worth Rs 925 crore alongside a promoter-led Offer For Sale. The raised funds are earmarked for expanding capital expenditure and boosting corporate development. Furthermore, the company anticipates gathering up to Rs 185 crore through a pre-IPO placement. View More
Lab grown diamond manufacturer Anjali LabTech Ltd has filed updated draft papers with markets regulator Sebi to raise Rs 1,225 crore through an Initial Public Offering (IPO). The proposed IPO comprises a fresh issue of shares worth Rs 925 crore and an Offer For Sale (OFS) of Rs 300 crore by promoters, according to the updated Draft Red Herring Prospectus (DRHP) filed on Thursday. The filing comes after the regulator gave the Surat-based company its go-ahead to launch the IPO in February. The company had filed draft IPO papers with Sebi using the confidential route. As per the draft papers, the company may consider raising up to Rs 185 crore in a pre-IPO placement round. If this placement is undertaken, the fresh issue size will be reduced. The company plans to use proceeds of the fresh issue to fund capital expenditure for manufacturing and the captive installation of MPCVD machines to facilitate in-house growing of rough lab-grown diamonds; fund the construction and development of Anjali Corporate House at Moje Kosmada, Surat, Gujarat; pay down debt; and for general corporate purposes. Live Events Incorporated in 2021, Anjali LabTech is a vertically integrated Indian player in the Lab-Grown Diamond (LGD) industry with capabilities stretching across the entire value chain. Its vertically integrated operations are supported by seven manufacturing facilities in Surat -- a major hub in Gujarat that dominates the diamond sector, accounting for over 90 per cent of the country's LGD production. IIFL Capital Services Ltd and Axis Capital Ltd have been appointed as book-running lead managers to the public issue. .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)
Kian-M Export Ltd has filed preliminary IPO documents aiming to secure Rs 500 crore through both new shares and an offer for sale. The raised funds are earmarked for enhancing working capital, acquiring a stake in Ultra Denim Ltd, and purchasing new machinery. Furthermore, the capital will aid in expenses for its subsidiary, Usha Cotton Ltd, and general corporate costs. View More
Textile manufacturer and exporter Kian-M Export Ltd has filed preliminary papers with markets regulator Sebi to mobilise funds through an initial public offering (IPO) comprising a fresh issue of shares worth 500 crore. Apart from the fresh issue, there will be an offer for sale (OFS) of up to 15 lakh equity shares, according to the Draft Red Herring Prospectus (DRHP) filed on Thursday. Proceeds from the fresh issue will be used to meet the company's working capital requirements, acquire a 35.29 per cent stake in Ultra Denim Ltd, fund the purchase of machinery and equipment, and make capital expenditure investments in its material subsidiary Usha Cotton Ltd. Also, a portion of the funds will be used for general corporate purposes. Rajkot-based Kian-M Export is engaged in the manufacturing and export of processed fabrics. The company converts raw, unfinished or grey fabric through preparation, dyeing or printing and finishing processes. The company sells its fabrics to wholesalers, garment manufacturers and brands that supply fabrics to garment makers. Live Events Kian-M Export operates two manufacturing facilities in Rajkot, Gujarat. One facility is leased by the company, while the other is leased by its wholly owned subsidiary Usha Cotton Ltd. For the financial year ended March 31, 2026, the company reported revenue of Rs 383.01 crore and a profit after tax (PAT) of Rs 42.19 crore. Exports accounted for 52.43 per cent of its revenue, while domestic sales contributed 47.57 per cent. Mirae Asset Capital Markets (India) Pvt Ltd is the book running lead manager to the issue, while MUFG Intime India is the registrar to the offer. .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)