Galaxy Surfactants gains over 13% on debut

Specialty chemicals manufacturer, Galaxy Surfactants, debuted in the stock Exchange on Thursday at 15% in debut trade over the issue price of Rs.1480.

The stock listed at Rs 1520 and 2.70% from the issue price on BSE. During the session, the stock rose 17% to Rs 1,732 and finally ended at Rs 1,698.10, by gaining 14.73%

On NSE, shares of Galaxy Surfactants ended 14.89% higher at Rs 1,700.45. The company's M-Cap stood at Rs 6,020.57 crore.

By equity volume terms, over 13.40 lakh shares of the company have been traded on Bombay Stock Exchange and 85.00 lakh shares changed hands on National Stock Exchange during Thursday’s session.

ICICI Securities gets SEBI's go-ahead for IPO

ICICI Bank Ltd has received approval from the Sebi to list its stock brokerage unit, ICICI Securities Ltd. ICICI Securities had filed its DRHPs with SEBI in December and received observations from the regulator on Feb 2, as per the latest update with the markets regulator.

As per the DRHP filed by the company, the IPO comprises sale of 64,428,280 equity shares, amounting to 20% stake, by ICICI Bank. The IPO includes a reservation of up to 32.21 lakh shares for individual as well as HUF shareholders of ICICI Bank. The IPO is expected to garner Rs. 3,000 to 4,000 crore.

SBI Capital Markets, DSP Merrill Lynch, Citigroup Global Markets India, IIFL Holdings, Edelweiss Financial Services and CLSA India are book running lead managers to the issue.

Tata Chemicals Q3 profit rise 3-fold to Rs.759 crore

Tata Chemicals Limited, an Indian global company with interests in chemicals, on Tuesday posted about 3-fold jump in consolidated net profit at Rs. 759.07 crore during the third quarter (Q3) of this fiscal on gains from its North American business.

Tata Chemical’s net profit had stood at Rs. 263.63 crore in the same period of corresponding year, it said. Total income increased marginally to Rs. 2,591.07 crore in the Oct – Dec period of 2017-18 fiscal from Rs. 2,524.44 crore in the year-ago period.

 Shares of Tata Chemicals closed down by 1.99% to settle at Rs. 682.95 on the BSE, while on NSE shares closed down by 1.33% at Rs. 686.20