Nita and Mukesh Ambani become grandparents for the first time

Shloka and Akash Ambani have become parents of a baby boy, the Ambani family spokesperson said on December 10.

Akash Ambani is the son of Reliance Industries (RIL) Chairman Mukesh Ambani and his wife Nita.

"Nita and Mukesh Ambani are delighted to become grandparents for the first time, as they welcomed the great grandson of Dhirubhai and Kokilaben Ambani," the spokesperson said.

"Both mother and son are doing well. The new arrival has brought immense joy to the entire Mehta and Ambani families," the statement said.

Akash Ambani, who is a director at Jio, married Shloka Mehta in 2019.

Many IPO Coming In December 2020

 Suryoday Small Finance Bank, ESAF Small Finance Bank, Nazara Technologies, RailTel, Burger King, Kalyan Jewellers and Antony Waste Management are among those that are conducting road shows and planning initial public offers (IPOs) in December, bankers told ET.

December is expected to be very busy for initial public offerings. Several other well-known companies filed this week to go public, setting them up to trade next month. The list includes Airbnb, the home sharing platform, along with DoorDash, the food delivery company. Roblox, the gaming platform, is also on tap to launch an IPO.

Muhurat Trading Session Date and Time 2020

 Muhurat Trading means an exceptionally promising second for the entirety of the stockbroking and dealers network in India. For the merchants in India, the new monetary year starts with Diwali. For brokers, Diwali connotes the start of the new year. "A coin" – which connotes abundance in Indian Mythology, is set on the account books before the puja is finished. Stock merchants and dealers perform 'Lakshmi Puja' at the trade and the standard Muhurat exchanging happens on determined time as proclaimed by Exchanges. It is accepted that the evening of Lakshmi Puja, the Goddess dwells at the spot of the puja being finished.

Muhurat Trading Session: BSE & NSE Date and Timings

The trading period will be for 60 minutes duration.

• Pre-opening session – 18:00 to 18:08
• Block Deal – 17:45 to 18:00
• Trading hour – 18:15 to 19:15
• Call Auction – 18:20 to 19:05
• Post Closing – 19:25 to 19:35
  
  The Traders can't sell their stocks purchased during Muhurat exchanging on 16 November 2020 (the following exchanging meeting). As the stock market will stay shut on 15 November 2020 (Sunday) and the settlement of exchanges executed on 14 November 2020 (between 18:15 to 19:15) occurs alongside exchanges done on 16 November 2020.

Source: Above Stocks

Mazagon Dock Shipbuilders IPO fully subscribed in Few Hours

The IPO of state-owned defense firm Mazagon Dock Shipbuilders Ltd (MDL) opened for subscription today. The price band for the issue has been fixed at ₹135-145 per share. Mazagon Dock Shipbuilders IPO will close for subscription on October 1. The initial public offer is for 3,05,99,017 shares through an offer for sale (OFS). The offer is expected to raise about ₹444 crore at the upper end of the price band. As of 2 pm today, the issue was 100% subscribed.

The government is selling shares constituting 15.17% of Mazagon Dock Shipbuilders pre-offer paid up equity share capital in this issue. The company, which received the 'Miniratna' status in 2006, is the only shipyard to have built destroyers and conventional submarines for the Indian Navy. With an order book to the tune of ₹54,0470 crore, it is also one of the first shipyards to manufacture Corvettes (small warships) in the country.

For FY18-20, revenue grew at a CAGR of 6% while net profit de-grew by 2% CAGR. In FY20, Mazagon Dock Shipbuilders reported PAT of ₹477 crore on revenue of ₹4,978 crore.

YES Securities, Axis Capital, Edelweiss Financial, IDFC Securities and JM Financial are the managers to the offer.

UTI AMC has also come out with an IPO which will close on October 1.

New defence procurement policy 2020, is expected to accelerate indigenization, which is positive for the domestic defence industry, Geojit Financial Services said in a note.

"At the upper price band of Rs.145, Mazagon Dock Shipbuilders is available at a P/E of 6.1x which is significant discount to its peers. Considering strong technological & execution capabilities, healthy order book and attractive dividend yield, we assign a subscribe rating for this IPO," the brokerage said.

LKP Securities also recommends subscribe. "At the higher price band of ₹145, the stock is valued at 6.7x FY20 earnings of ₹21.4, which looks quite attractive considering its healthy order book, long term visibility of topline growth, competitive edge, profitability, return ratios and dividend payout policy. We recommend investors to subscribe."

CAMS IPO allotment: Here’s how to check share allotment status

The basis of allotment for ₹2,240 crore CAMS IPO will be announced on September 28, and listing is scheduled for October 1. The CAMS issue was oversubscribed nearly 47 times, receiving bids for 601 million shares against the offer size of 12 million shares.

Here’s how to check CAMS IPO allotment status on NSE, BSE, and the registrar website.

The ₹2,240 crore initial public offering (IPO) of Computer Age Management Services(CAMS) received a bumper response from the investors. The CAMS issue was oversubscribed nearly 47 times, receiving bids for 601 million shares against the offer size of 12 million shares.

The basis of allotment for ₹2,240 crore CAMS IPO will be announced on September 28, and listing is scheduled for October 1. However, this is certain that not all investors will get as many shares as they subscribed for.

Here’s how to check CAMS IPO allotment status:

If you have bid for the CAMS IPO, you can check your allotment status by following these simple steps:

To check on the stock-exchange website:

To check the CAMS IPO allotment status, go to the BSE website or NSE website.

On BSE, Select ‘Equity’ and then from the dropdown, select ‘Computer Age Management Services’.

Now, enter your application number and PAN.Click on ‘Search’.

Please note the details will only be available once the shares are allotted.

You can also visit the Registrar website (Linkintime) to check your application status.

Visit the registrar’s website here.Click on ‘Select company’ and click on ‘CAMS-IPO’.

It will only appear post allotment on September 28.

Once the company is selected, you will have to enter either your PAN detail, the application number, or client ID.

Enter the captcha and click ‘submit’.

The application status will appear on the screen once you click ‘submit’.

Please make sure the details that you provide are correct. It will show the number of shares that you subscribed to and the number of shares that have been allotted to you.