TBO Tek is launching its IPO for equity shares valued at Re 1 each. The IPO price range is set between Rs 875 and Rs 920 per equity share, resulting in a total issue size of Rs 1,550.81 crore at the upper price band. The IPO is scheduled to commence on May 08, 2024, and will conclude on May 10, 2024. The market lot size for the IPO is 16 shares, with the option to apply for multiples of this lot.
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The SEC issuing Robinhood a Wells Notice is surprising, KBW said. The broker expects no change to the platform’s current U.S. crypto operations or asset listings. Robinhood has a higher likelihood of winning a case with the SEC than most of its U.S. competitors, the report said. Robinhood (HOOD) being issued a Wells Notice by the Securities and Exchange Commission is surprising given the company.
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IRB Infrastructure Developers Ltd on Tuesday (May 7) reported a 45.1% year-on-year (YoY) jump in net profit at ₹188.9 crore for the fourth quarter that ended March 31, 2024. In the corresponding quarter, IRB Infrastructure Developers posted a net profit of ₹130.2 crore, the company said in a regulatory filing. The company's revenue from operations increased 27.2% to ₹2,061.2 crore.
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