Stocks Tips For Monsoon Trading Session

 

Hello traders and investors — In this video, we discuss about Four stocks that is likely make possible contributions in the market.

Bandhan Bank gets regulator’s Nod For Rs 2500 Cr IPO

Bandhan Bank Limited, an Indian banking & financial services company headquartered in Kolkata, on Monday filed the draft red herring prospects  (DRHP) with  market regular Sebi, for its proposed IPO of up to 119,280,494 equity shares of face value of Rs 10/- each.

As per the DRHP, the Bandhan Bank's IPO comprises a fresh issue of up to 97,663,910 equity shares and offer for sale  (OFS) of up to 14,050,780 shares by International Finance Corpn (IFC) and up to 7,565,804 shares by IFC FIG Investment Company, the Bank said in a statement.

The equity shares are expected to be listed on the NSE and the BSE. The IPO is considered to be the biggest banking sector offer till date.

Kotak Mahindra Capital Co Ltd, JM Financial Institutional Securities Ltd, Goldman Sachs(India) Securities Pvt Ltd, Axis Capital Ltd and JP Morgan(India) Pvt Ltd are the book-running lead managers to the public Offer.

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MCX raises maximum compensation limit to Rs.25 lakh from IPF

MCX (Multi Commodity Exchange of India) on Thursday announced the enhancement of maximum compensation that could be availed by investors to Rs. 25.00 lakhs from the existing Rs.2.00 lakhs per claim.

MCX has established and maintained an Investor Protection Fund viz. Multi Commodity Exchange Investor (Client) Protection Fund (MCX IPF), with the aim of compensating investors in the event of defaulters' assets not being adequate to meet the legitimate claims of investors.

MCX also promotes investor awareness and education to increase literacy, participation in the commodity derivatives market and utilized for such other purpose as prescribed by the Sebi.

The maximum amount of compensation available against a single claim of an investor arising out of default of a member of exchange is presently Rs. 2.00 besides the maximum available compensation being Rs.2.00 crore per defaulter member.

In today’s, NSE Closing hours, shares of Multi Commodity Exchange of India Ltd was traded at Rs. 744.75 down by 2.14% at Rs.744.75 as compared to the previous close of Rs. 761.00. The stock hit an intraday high and low of Rs. 759.40 and 741.15

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