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Security & Intelligence Services (SIS India) opened its debut trade at Rs 855 on the NSE, up 4.9% over its issue price of Rs 815. Since the issue clocked a subscription of 7 times, which projects the listing is in the expected lines.
In the pre-opening, SIS India stock settled at Rs 879.80, higher by 8% from its issue price. The company has raised Rs 780 crore through IPO that was opened for subscription between July 31 – August 2 with the price band for the issue at Rs 805 to Rs. 815 share apiece. The IPO consisted of fresh issue of equity shares of up to Rs 362.25 crore and an OFS of up to 51.2 lakh shares intended to be diluted by investors/promoters.
The SIS India provides security services across India and Australia in diverse platform.
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Some companies likely post their financial results today, 31 May 2017, that include Castrol India, Bombay Potteries & Tiles and Raghav Ramming Mass among others.
Indian Hydropower generation company, NHPC Limited reported a standalone net profit at Rs 168.42 Cr, in the quarter ended March 31, 2017, as against Rs. 245.48 Cr, in the corresponding quarter of last year.
The second largest airline company, Jet Airways, has reported 95% decline in consolidated net profit at Rs. 23.00 cr, for the quarter ended March 31, 2017, on account of to higher fuel prices and lower fares. In the same quarter of Last year, the company had reported a net profit of Rs 426.00 Crore.
The leading Steel company, Steel Authority of India Ltd (SAIL India) has reported a net loss of Rs. 771.3 cr, for the Q4FY17, as against Rs 1184.64 Cr, in the corresponding quarter of the last year.
Gitanjali Gems has posted a consolidated net profit of Rs 5.14 crore for the quarter ended March 31, 2017, on higher income, versus a net loss of Rs 23.24 Cr, in the corresponding quarter of the previous year. Net income went up to Rs 5,544.64 Cr, in the Jan-March quarter of 2016-17 financial year from Rs 4,282.73 Cr, in the year-ago period.
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