Hy-Tech Engineers Ltd’s initial public offering opened for subscription on Monday, August 24, with a price band fixed at Rs 50 to Rs 53 per equity share.

The issue will remain open until August 27, giving investors a four-day window to apply before the book-building process closes.

The IPO comprises a fresh issue of shares worth Rs 60 crore and an offer for sale worth Rs 75.73 crore, taking the total issue size to Rs 135.73 crore.

The minimum lot size for retail investors is 283 shares, translating to a minimum investment of roughly Rs 14,999 at the upper end of the price band.

Allotment for the issue is expected to be finalised on August 28, with the stock tentatively scheduled to list on both the NSE and BSE on September 1.

Hy-Tech Engineers is among several companies tapping India’s primary market this week, with five mainboard and five SME offers scheduled across the August 24 to September 1 window.

Grey market premium, an informal indicator of listing-day sentiment, has moved from Rs 5 on August 19 to around Rs 22-25 in the days leading up to the opening, though it is not a guaranteed outcome and can change before listing.

IPO proceeds from the fresh issue portion are typically used by companies for working capital requirements, debt repayment, or funding expansion plans, details of which are laid out in the company’s prospectus.

The IPO comprises a fresh issue of shares worth Rs 60 crore and an offer for sale worth Rs 75.73 crore, taking the total issue size to Rs 135.73 crore.

The minimum lot size for retail investors is 283 shares, translating to a minimum investment of roughly Rs 14,999 at the upper end of the price band.

Allotment for the issue is expected to be finalised on August 28, with the stock tentatively scheduled to list on both the NSE and BSE on September 1.

Photo by Niyantha Shekhar, Wikimedia Commons, CC BY 2.0

The Food Safety and Standards Authority of India has issued more than 150 notices to major food and beverage companies as part of a crackdown on misleading advertisements, false claims and labelling violations.

Companies named in the drive include Nestle India, PepsiCo, Coca-Cola India, Abbott India, Red Bull India, Danone India and Monster Energy India, among several others.

FSSAI said the action was taken to protect consumers from misleading information and ensure products in the market comply with established safety and labelling standards.

Twelve notices were also sent to e-commerce platforms including Amazon and Flipkart, with one Amazon warehouse licence cancelled as part of the crackdown.

More than 30 notices went to food service chains including KFC, McDonald’s, Pizza Hut, Domino’s and Costa Coffee, with five Domino’s licences suspended.

The regulator said several companies have already begun taking corrective measures following the notices, as part of what has been described as one of its biggest enforcement drives to date.

FSSAI said in a statement that the notices covered misleading advertisements, false claims and labelling non-compliances found during its review.

The regulator noted that several of the companies named have already begun taking corrective measures following the notices, as part of its ongoing compliance enforcement effort.

FSSAI has framed the drive as part of a broader push to strengthen consumer protection standards across the food and beverage industry, rather than a one-off campaign targeting specific brands.

The companies named include Nestle India, PepsiCo, Abbott India, Red Bull India, Danone India, Monster Energy India, Hell Energy, Mondelez India, Coca-Cola India, Diageo, Pernod Ricard, Ferrero India and Kenvue.

The violations flagged by FSSAI span misleading advertisements, false health claims and labelling non-compliances across the companies’ product lines.

Twelve notices were also issued to major e-commerce platforms including Amazon and Flipkart, with one Amazon warehouse licence cancelled as part of the enforcement action.

Photo by Chaitra B.H., Wikimedia Commons, CC BY-SA 4.0

Gold prices in India remained near record levels today, with 24-carat gold trading around Rs 1,60,640 per 10 grams in Delhi, Bengaluru and Chennai.

22-carat gold was priced at roughly Rs 1,47,260 per 10 grams in the same cities, while Mumbai and Kolkata saw similar rates, marginally below Delhi’s.

Silver also traded higher, with rates around Rs 27,710 per 100 grams in Delhi and Rs 27,090 per 100 grams in Mumbai.

The domestic strength reflects a broader global rally, with spot gold surging past $4,400 an ounce, its highest level in more than two months, up roughly 11 percent since the start of August.

The rally has been fuelled by cooling US inflation data reshaping expectations around Federal Reserve policy, a weaker dollar, and sustained heavy buying by central banks.

Market watchers are tracking upcoming US economic data and currency movements for further direction, with domestic Indian rates expected to continue tracking the international trend closely.

Silver prices have also moved higher alongside gold, with MCX silver futures gaining nearly 1 percent in trading tied to today’s session.

Domestic gold rates in India typically track international bullion trends closely, with the rupee’s movement against the dollar also playing a role in daily price swings.

Globally, spot gold has surged past $4,400 an ounce, its highest level in more than two months, rising roughly 11 percent since the start of August.

Cooling US inflation data has shifted expectations around Federal Reserve monetary policy, with moderating inflation and weaker labour market readings reducing the likelihood of further rate hikes.

Central banks bought a quarterly record of 288.9 tonnes of gold in the second quarter of this year, even as prices fell during that stretch.

A survey found roughly 45 percent of central banks expect to further increase their gold reserves over the next 12 months, according to industry data.

Photo by Adbh266, Wikimedia Commons, CC BY-SA 3.0