🇮🇳 India Daybook: Indogulf Cropsciences Debuts, NBCC Bags New Order
Published: 2025-07-03 07:15 IST | Category: Markets | Author: Abhi
📍 IPO LISTINGS
- Indogulf Cropsciences Limited shares are set to make their debut on both the BSE and NSE today, July 3, 2025, following strong demand for its initial public offering (IPO). The crop protection product manufacturer's shares are anticipated to list at an estimated price of ₹129 per share, marking a premium of approximately 16.22% over its issue price of ₹111.
- Cyrogenic OGS Limited also opens its Initial Public Offering (IPO) today, July 3, 2025, aiming to raise ₹17.77 Crore. The company, a comprehensive solutions provider for oil and gas terminals, will list its shares on the BSE SME platform, with a price band between ₹44 and ₹47 per share.
📍 ORDER WINS
- NBCC Ltd has secured a significant contract worth ₹355 crore from FDCM Gorewada Zoo Ltd..
- Ceigall India has been awarded the contract for the Ayodhya Bypass.
📍 PRODUCTION/OPERATIONAL UPDATES
- State-owned NMDC reported a substantial 31% increase in its iron ore production for the first quarter of fiscal year 2025-26, reaching 11.99 million tonnes (MT).
- Hindustan Zinc's refined metal production for the quarter ended June 30, 2025, saw a 5% year-on-year decline, totaling 250,000 tonnes.
- PVR INOX plans to expand its footprint by adding approximately 200 new screens over the next two years, involving an investment of up to ₹400 crore.
- Tata Steel expressed confidence in meeting its scheduled timeline for the transition to green steel manufacturing operations in the UK and Netherlands.
📍 DIVIDENDS & CORPORATE ACTIONS
- VST Industries Limited has set July 3, 2025, as the record date for its final dividend of ₹10 per equity share.
- NDR Auto Components Limited has also fixed July 3, 2025, as the record date for a dividend of ₹2.75 per share.
- Cool Caps Industries announced a 1:5 stock split and a 1:1 bonus issue, with the record date set for July 4, 2025. Investors looking to benefit from these corporate actions must purchase shares before July 3, 2025.
📍 REGULATORY ACTIONS
- Shares of Asian Paints declined following an order from the Competition Commission of India (CCI) to investigate the company for alleged abuse of its dominant market position in the decorative paints segment.
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