The IPO has been priced within a band of ₹166 to ₹175 per equity share, with a minimum lot size set at 85 shares. As of Day 2 of the subscription period, the overall interest in the IPO has reached 71%, indicating a strong demand from various investor categories. Notably, the Qualified Institutional Buyers (QIB) portion has been subscribed 1.18 times, while the Non-Institutional Investors (NII) and retail portions have seen subscriptions of 0.38 times and 0.58 times, respectively.

In a significant show of confidence, Om Power Transmission has secured ₹45.01 crore from three anchor investors, including Craft Emerging Market Fund PCC and Morgan Stanley Asia. This backing is seen as a positive indicator of the company’s financial health and its potential for growth. The grey market premium (GMP) for the IPO currently stands at +₹2, suggesting a favorable outlook among traders ahead of the listing.

Market analysts have expressed optimism regarding the company’s financial performance. According to SBICAP Securities, at the upper price band of ₹175, the issue is valued at a price-to-earnings (P/E) ratio of 27.1x based on FY25 earnings. They highlight that Om Power Transmission has demonstrated impressive growth, with revenue, EBITDA, and profit after tax (PAT) increasing at compound annual growth rates (CAGR) of 52%, 73%, and 88%, respectively, between FY23 and FY25.

Exencial Research Partners also weighed in, describing Om Power Transmission as a compelling investment opportunity, bolstered by a robust order book exceeding ₹744 crore and strong return metrics. Their analysis suggests that the company is well-positioned to capitalize on the growing demand for power transmission infrastructure in India, which is crucial for the country’s energy needs.

As the IPO progresses, the basis of allotment is expected to be finalized on April 15, with refunds initiated on April 16. Shares are anticipated to be credited to demat accounts on the same day, with the official listing on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) scheduled for April 17. Investors are keenly awaiting these developments, which will provide further clarity on the market’s reception of the IPO.

In light of the positive market sentiment and the company’s strong fundamentals, many analysts are recommending a subscription to the IPO for those seeking a favorable long-term investment outlook. As the subscription period draws to a close, the excitement surrounding Om Power Transmission’s IPO continues to build, with many investors hopeful for a successful debut in the stock market.

The post Om Power Transmission IPO GMP: A Promising Investment Opportunity appeared first on The Business News.

The preferential issue raised a substantial ₹42 crore for the company, with shares issued at a price of ₹12 each, which includes a premium of ₹11. This move is aimed at strengthening SJ Corporation’s financial position and attracting new promoters, a critical step given the company’s previous struggles.

Despite the optimism surrounding this approval, the current trading volume of SJ Corporation shares has been alarmingly low, averaging zero, which raises concerns about liquidity risk. The company operates in the Gems & Jewellery and Real Estate sectors, but its sales growth has been weak, and it has faced negative return on equity (ROE), indicating ongoing financial difficulties.

As the company prepares for trading, it is essential to note that further conditions must be met, including approval from the National Stock Exchange (NSE) and confirmation of share credit and lock-in periods. The timeline for meeting these regulatory requirements remains uncertain.

Moreover, while the recent capital raise is expected to boost the company’s trading volume, the actual impact on business performance is still unclear. Investors are keenly watching how quickly SJ Corporation can navigate these hurdles and leverage the funds raised to improve its financial health.

In the past year, SJ Corporation’s shares have seen a 40% increase, yet the trailing price-to-earnings (P/E) ratio stands at a staggering 123-130x, reflecting the market’s cautious sentiment towards the company’s future prospects.

As developments unfold, stakeholders are left to ponder the implications of this share exchange approval and the potential for SJ Corporation to turn its fortunes around in the competitive landscape of the stock market.

Details remain unconfirmed regarding the timeline for trading approval and the overall impact of the raised funds on the company’s performance.

The post शेयर एक्सचेंज: SJ Corporation Limited Advances in Share Exchange with BSE Approval appeared first on The Business News.

The Indian share market is currently navigating a turbulent landscape, with the Nifty 50 index experiencing a staggering decline of nearly 10% throughout March 2026. This downturn has been exacerbated by a significant sell-off from foreign institutional investors (FIIs), who have withdrawn over Rs 1.11 lakh crore in the same month. As the markets remain closed today for Mahavir Jayanti, investors are left to ponder the implications of these developments.

The sell-off by FIIs reflects a broader risk-off approach among global investors, driven by escalating tensions in West Asia and rising oil prices. These factors have created an environment of uncertainty, leading to a correction of more than 15% in the Nifty 50 index from its peak over the last three months. Notably, more than 13% of this decline occurred in just the last month, highlighting the rapid pace of market deterioration.

As the markets prepare to reopen on April 1, 2026, traders will be keenly observing the impact of this prolonged sell-off. The Indian Rupee has also taken a hit, breaching the Rs 95 mark against the US Dollar, further complicating the economic landscape for investors. This depreciation of the Rupee adds another layer of concern, as it can influence inflation and purchasing power within the country.

In the midst of this turmoil, the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will be closed again on April 3 for Good Friday, leading to a long weekend for investors. This closure means that markets will only be open for three sessions out of the five trading days this week, limiting opportunities for recovery amidst the ongoing volatility.

The recent market pressures can be traced back to a combination of global economic factors and local investor sentiment. The sustained selling by FIIs is indicative of a cautious outlook as geopolitical tensions continue to rise. Investors are left grappling with the uncertainty of how these factors will unfold in the coming weeks.

As trading resumes after the holiday, commodity derivatives will reopen for trading in the evening session, providing a potential avenue for investors to recalibrate their strategies. However, the overarching sentiment remains one of caution, as the market grapples with the implications of foreign investor behavior and the broader economic landscape.

Details remain unconfirmed regarding the potential for a market rebound, but analysts are closely monitoring the situation for any signs of stabilization. The coming days will be crucial in determining whether the share market can regain its footing or if further declines are on the horizon.

The post Share Market Today: Indian Indices Face Turbulence Ahead of Holidays appeared first on The Business News.

In a significant development for investors and traders alike, the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) are closed today, March 31, 2026, in observance of Shri Mahavir Jayanti. This holiday marks the 2624th birth anniversary of Lord Mahavira, a pivotal figure in Jainism, celebrated by Jain communities worldwide.

Both exchanges have announced that trading in equities, equity derivatives, securities lending and borrowing (SLBs), currency derivatives, and interest rate derivatives will be suspended for the day. This closure is part of a broader schedule of market holidays, with today being the fifth out of the 16 designated stock market holidays for the year 2026.

The closure comes at a time when global geopolitical tensions have been heightened, leading to significant market volatility and a recent selloff in various sectors. Investors are likely to view this holiday as a brief respite amid ongoing uncertainties in the financial landscape.

Trading on both the BSE and NSE is set to resume tomorrow, April 1, 2026, allowing traders to re-engage with the markets following this pause. Additionally, it is noteworthy that this week will see another market holiday on April 3, 2026, in observance of Good Friday.

While the commodity derivatives segment will remain closed during the morning session today, it is expected to reopen for trading in the evening session, providing some opportunities for market participants later in the day.

As the Jain community celebrates this important religious occasion, the market’s closure reflects the cultural significance of the day, intertwining financial activities with societal observances. The observance of such holidays is a reminder of the diverse cultural fabric that influences market operations in India.

First reactions from market analysts suggest that the holiday may provide a necessary pause for traders to reassess their strategies in light of recent market movements. Official statements from the exchanges emphasize the importance of respecting cultural observances while maintaining operational efficiency.

As traders prepare for the resumption of trading tomorrow, many will be keenly watching global developments that could impact market sentiment. The interplay between cultural holidays and market dynamics continues to be a fascinating aspect of India’s financial landscape.

The post Is Market Closed Today? BSE and NSE Observe Holiday for Shri Mahavir Jayanti appeared first on The Business News.

What does today’s holiday signify for millions across India? Today, March 31, 2026, marks Mahavir Jayanti, a day dedicated to celebrating the birth of Lord Mahavir, the 24th and last Tirthankara of Jainism. This significant occasion prompts a nationwide observance, leading to the closure of banks and stock markets in major cities.

In cities such as Ahmedabad, Mumbai, New Delhi, and Kolkata, banks will remain closed, contributing to a total of 18 bank holidays throughout March. This holiday is the final one of the month, with the next bank holiday scheduled for April 1, when banks will close for the annual account closing.

On this day, the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will also observe a holiday, halting trading in equities and derivatives. The commodity derivatives segment will be closed during the morning session but will reopen in the evening, allowing for some trading activity later in the day.

Mahavir Jayanti is not just a holiday; it is a time for reflection and celebration among Jain communities worldwide. This year marks the 2624th birth anniversary of Lord Mahavir, a figure revered for his teachings on peace, self-discipline, and righteousness.

The significance of Mahavir Jayanti extends beyond religious observance; it inspires followers to lead lives of virtue and compassion. As Jain communities engage in prayers and celebrations, the impact of this day resonates throughout India.

With the closure of financial markets, this marks the first of two market holidays scheduled for the week. Traders and investors will need to wait until April 1 for trading to resume, following the observance of this important cultural event.

As the day unfolds, the spirit of Mahavir Jayanti will be felt in the air, with various festivities planned to honor the teachings of Lord Mahavir. The holiday serves as a reminder of the values he espoused, encouraging a life of peace and ethical living.

Details remain unconfirmed regarding any specific events or gatherings planned for today, but the essence of Mahavir Jayanti will undoubtedly be celebrated across the nation.

The post Today Holiday: Mahavir Jayanti Celebrations Across India appeared first on The Business News.

What does the Indian stock market calendar look like in 2026? The answer reveals a series of holidays that will impact trading activities significantly. Notably, the markets will close on March 31, 2026, for Mahavir Jayanti and on April 3, 2026, for Good Friday.

On these holidays, trading on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) will be suspended across all segments, leading to a pause in market activities. This closure is crucial as March 31 marks the end of the financial year 2025-26, a time when many investors and companies finalize their fiscal reports.

Interestingly, the Multi Commodity Exchange of India (MCX) will have a slightly different schedule. On Mahavir Jayanti, it will close during the morning session but will resume trading in the evening, allowing some flexibility for commodity traders. However, on Good Friday, the MCX will remain shut for both morning and evening sessions.

The National Commodity & Derivatives Exchange (NCDEX) will also observe a complete closure on both holidays, aligning with the broader market shutdown.

In total, there are 16 stock market holidays scheduled for 2026, highlighting the importance of planning for traders and investors alike. Following Good Friday, the next market holiday will be Dr Baba Saheb Ambedkar Jayanti on April 14, 2026.

Additionally, traders should note that Maharashtra Day falls on May 1, 2026, and Bakri Id is observed on May 28, 2026, both of which will also see market closures.

As the year progresses, investors will need to stay informed about these holidays to strategize their trading activities effectively. The implications of these closures can ripple through market dynamics, affecting liquidity and trading volumes.

Details remain unconfirmed regarding any additional holidays or changes to the existing schedule, so stakeholders should keep an eye on announcements from the exchanges.

The post Indian Stock Market Holidays 2026: Key Dates and Implications appeared first on The Business News.

In a remarkable display of investor confidence, Raajmarg Infra Investment Trust has successfully launched its IPO, aggregating to approximately INR 60,000 million. The offering was met with overwhelming enthusiasm, being oversubscribed nearly 14 times, highlighting the growing interest in infrastructure investments in India.

The IPO not only marks a significant milestone for Raajmarg but also stands as the largest public offering in the road sector in India. The trust holds an initial portfolio of five toll road assets, strategically positioned to capitalize on the burgeoning demand for infrastructure development.

Units from this IPO are set to be listed on both BSE Limited and National Stock Exchange of India Limited, further enhancing their visibility in the market. This move is expected to attract a diverse range of investors, from institutional to retail.

In a broader context, the week ending March 27, 2026, saw the SEBI issue observations on six Draft Red Herring Prospectuses (DRHPs), indicating a robust pipeline of upcoming IPOs in the Indian market.

Among these, Rentomojo Ltd aims to raise funds through a fresh issue of Rs 150 crore and an offer-for-sale, with proceeds earmarked for debt repayment and general corporate needs. Meanwhile, Vishvaraj Environment Limited is eyeing an IPO size of ₹2,250 crore, while SAEL Industries Limited plans to raise ₹4,575 crore.

Other notable IPOs include Symbiotec Pharmalab Limited at ₹2,180 crore and Prasol Chemicals Limited at ₹500 crore. Additionally, NoPaperForms Solutions Limited is expected to launch an IPO sized between ₹500–600 crore.

As the IPO landscape evolves, investors and market analysts are keenly observing these developments, anticipating further growth in the infrastructure sector. The successful launch of Raajmarg Infra Investment Trust’s IPO sets a promising precedent for future offerings.

Details remain unconfirmed regarding the specific timelines for the upcoming IPOs, but the momentum in the market suggests a vibrant period ahead for investors and companies alike.

The post Ipo: Raajmarg Infra Investment Trust’s Soars to INR 60,000 Million appeared first on The Business News.

“Trading activity is set to remain truncated in the coming days, with exchanges scheduled to be shut for two of the next eight days due to a series of holidays.” This statement encapsulates the current state of the Indian stock market as it observes a holiday for Ram Navami on March 26, 2026.

The National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) will remain closed today, halting trading activities across segments. This closure follows a positive trend, as the market had seen gains for the second consecutive session on March 25, with the Nifty closing at 23,306.45 and the Sensex at 75,273.45.

As investors prepare for a day without trading, the Multi Commodity Exchange (MCX) will be closed during the morning session but is expected to resume trading in the evening. Meanwhile, the National Commodity and Derivatives Exchange (NCDEX) will not open at all today.

This holiday is part of a broader schedule, with a total of 16 stock market holidays planned for 2026. Following today, the next market closure is set for March 31, in observance of Mahavir Jayanti.

Market analysts note that the upcoming days will see limited trading opportunities, with two shortened weeks ahead. “There will be no trading activity across segments on both exchanges for the day,” a source confirmed.

As the markets remain closed, investors are advised to keep a close eye on global cues and oil price movements, which will be pivotal when trading resumes on March 27. The anticipation surrounding these factors adds an air of tension as participants await the reopening.

With the market calendar indicating a series of holidays, the current pause in trading serves as a reminder of the cyclical nature of market operations in India. Investors are left to ponder the implications of these closures on their portfolios.

In the meantime, details remain unconfirmed regarding any significant market shifts that may occur upon reopening. As the day unfolds, the focus will shift to how global events may influence local trading sentiments.

The post Today Share Market: Trading Halted for Ram Navami Holiday appeared first on The Business News.

In a significant announcement, banks across several Indian states will close their doors on March 26, 2026, in observance of the festival of Sri Rama Navami. This holiday, which celebrates the birth of Lord Rama, a revered figure in Hinduism, will impact banking operations in states such as Mizoram, Maharashtra, Karnataka, Tamil Nadu, and Uttar Pradesh.

Customers in major cities including Mumbai, Ahmedabad, and Kolkata should prepare for branch closures on this day. However, it’s important to note that online banking and ATM services will remain operational, allowing customers to access their funds despite the physical bank branches being closed.

The Reserve Bank of India has confirmed that the stock market will also be closed nationwide on March 26, aligning with the observance of this significant cultural event. Both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) will not operate, marking a day of rest for traders and investors alike.

Ram Navami is celebrated based on the lunar calendar, with the Navami Tithi beginning at 11:48 AM on March 26 and concluding at 10:06 AM the following day. This timing adds a layer of significance to the holiday, as it aligns with traditional Hindu practices.

For many, this holiday is not just a day off work but a time for family gatherings, prayers, and celebrations honoring Lord Rama, who is considered the seventh avatar of Vishnu. The festival is a vibrant occasion filled with cultural and religious activities across the country.

While banks will be closed, ATMs will remain accessible 24/7, ensuring that customers can withdraw cash as needed during the holiday. This arrangement aims to mitigate any inconvenience caused by the branch closures.

In total, March 2026 will see 18 bank holidays according to the RBI, with the next holiday following Ram Navami being observed on March 27 for Chaite Dasain. This sequence of holidays provides a brief respite for many workers and families.

As the date approaches, reactions from the public and businesses are expected to vary, with many welcoming the holiday as a chance to celebrate their cultural heritage. Official statements from various banks and financial institutions are anticipated to clarify operational hours leading up to the holiday.

Details remain unconfirmed regarding any additional measures that may be implemented by banks to accommodate customer needs during this festive period.

The post Sri Rama Navami Bank Holiday Set for March 26, 2026 appeared first on The Business News.

In a significant development for investors, the Indian stock market will be closed on March 26, 2026, in observance of Ram Navami. This holiday affects major exchanges including the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), with trading set to resume on March 27, 2026.

On this day, all trading activities will be suspended across various segments, including equities, equity derivatives, and currency derivatives. The Multi Commodity Exchange of India (MCX) will also be closed for the first session from 9 am to 5 pm, while the National Commodity and Derivatives Exchange (NCDEX) will remain shut for both sessions.

This closure is part of a broader trend, as the Indian stock market has a total of 16 holidays scheduled for the year 2026. Following Ram Navami, the next holiday will occur on March 31, 2026, for Shri Mahavir Jayanti, with another market closure on April 3, 2026, for Good Friday.

Investors have recently witnessed gains, with the stock market experiencing positive momentum for the second consecutive session on March 25, 2026. However, the upcoming holiday will disrupt this momentum, leading to a shorter trading week.

As the market prepares for the Ram Navami holiday, trading will be fully suspended across all segments, including securities lending and borrowing, interest rate derivatives, and more. This comprehensive halt reflects the significance of the festival in the cultural calendar of India.

Looking ahead, the market will also be closed on two additional occasions in October and November, further emphasizing the pattern of shorter trading weeks throughout the year. The final market holiday for 2026 is set for December 25, Christmas Day.

As the trading community braces for this holiday, reactions from investors and market analysts are expected to emerge, particularly regarding the impact on trading volumes and market sentiment in the days following the closure.

Details remain unconfirmed regarding any specific strategies investors might adopt in anticipation of the market’s reopening. However, the upcoming trading sessions will likely be closely monitored as traders adjust to the holiday’s effects.

In summary, the Ram Navami stock market holiday marks another key date in the 2026 trading calendar, with implications for market activity and investor strategies in the weeks to come.

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