The Bajaj Finance stock has been in focus after the Reserve Bank of India (RBI) directed the company to halt the sanction and disbursal of loans under its ‘eCOM’ and ‘Insta EMI Card’ products due to non-compliance with digital lending norms. However, brokerages are not very worried. Jefferies, has upheld its ‘Buy’ recommendation on Bajaj Finance, anticipating a substantial 29% upside.
Regarding the RBI directive, Jefferies highlighted potential negative implications and emphasized that the speed of corrective measures would be crucial to reinstate the affected products. Despite this regulatory development, the brokerage sees limited financial impact, estimating the affected Insta EMI Card base to constitute 5% of total clients, 0.2% of disbursals, less than 1% of fees, and less than 0.5% of profit. Jefferies continues to monitor progress, retaining earnings expectations and maintaining its ‘buy’ rating on Bajaj Financ…
Krystal Integrated Services IPO’s allotment is likely to finalise on March 19. The company’s shares are expected to debut in the secondary market on March 21. The company is in the business of providing facilities management services. Krystal provides various services such as housekeeping, landscaping, mechanical, gardening, sanitation, etc.
Here’s how you can check your allotment status:
Step 1
No funding winter for EVs!Kinetic Green raises $25 million, targets another $15 million, says new scooter launch in 18 months Bank of Baroda ‘Monsoon Dhamaka’ FD Scheme: Attractive rates for 399 days, 333 days tenors – 50 bps extra for senior citizens OLA Electric IPO GMP: Check subscription status, GMP, and other key details Ola Electric IPO Opens Today: Check GMP, price band, and other key details
Go to the registrar’s website and navigate to the public issues. In this issue, you can check the allotmen…
Medi Assist Healthcare Services, the Bessemer Ventures and Investcorp-backed third-party insurance administrator, on Wednesday fixed Rs 397-418 per share as the price band for its Rs 1,172 crore initial share sale.The Initial Public Offering (IPO), which will be the maiden issue of 2024, will commence from January 15. The bidding for anchor investors will open on January 12, according to a statement.
Through the issue, that is fully an Offer For Sale (OFS), promoters and existing investors will sell 2.8 crore equity shares.The selling promoters include company chairman Vikram Jit Singh Chhatwal, Medimatter Health Management, Bessemer Health Capital, and Investcorp Private Equity Fund.Under the offer, up to 2,539,092 shares will be offloaded by Chhatwal, 12,468,592 by Medimatter Health Management, 6,606,084 shares by Bessemer, 6,275,706 shares by Investcorp, 26,382 shares by Vivek Pandit, 22,613 shares by Rahul M Khanna, and 17,337 shares by Shankar Rao Palepu along with …