Market Bizzz

The IPO is being offered in a price band of Rs 193-203 per share. At the upper end of the band, the company is valued at around Rs 417.6 crore.

The allotment is expected to be finalised on June 22, while the shares are scheduled to list on the BSE SME platform on June 24.

The shares of Tata Technologies on Thursday will turn ex-record date for a special dividend of Rs 3.35 per share and a final dividend of Rs 8.35 per share, aggregating to Rs 11.70 per equity share for the financial year which ended on March 31, 2026, subject to tax.

Hong Kong-based CLSA will be rebranded under Citic Securities from 2027, ending a brokerage brand known for its distinctive culture and strong presence across Asian financial markets. The move reflects Citic’s effort to integrate CLSA more closely into its institutional framework.

Indian stock markets rallied sharply on Friday, with Sensex and Nifty gaining 2% each, driven by hopes of a US-Iran peace deal and easing crude oil prices. Analysts see potential for further upside in Nifty and Bank Nifty, while Nifty IT faces headwinds. Derivatives data suggests improving market sentiment.

Ashish Kacholia’s disclosed portfolio value rose 18% to around Rs 3,070 crore in the March 2026 quarter. While over half his holdings declined this year, several stocks delivered strong gains, including three multibaggers. He also added two new stocks.

SpaceX’s Nasdaq debut shattered expectations, soaring past $2 trillion and becoming the sixth-largest U.S. company. Investors, from institutions to retail fans, celebrated the record-breaking IPO, which raised $75 billion. Despite a reported loss last year, the company’s ambitious vision and market opportunity captivated the market, with shares closing up 19%.