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Stocks to Watch: Bikaji Food, Global Health, HDFC, Vedanta, SBI, ONGC

Bikaji Foods: The shares of Bikaji Food International IPO is expected to be listed today, 16th Nov 2022. The initial public offering of Bikaji Foods International was subscribed 26.67 times on Monday, November 7, 2022, the last day of subscription. The ₹881-crore IPO received bids for 55,04,00,900 shares against 2,06,36,790 shares on offer, as per data available with the NSE.

Global Health: The company's shares are expected to list on the leading stock exchanges BSE and NSE on Wednesday, November 16, 2022. The initial public offering (IPO) of Global Health, which operates a chain of hospitals under the Medanta brand, was subscribed 9.58 times on the last day of the offer that closed on Monday, November 7, 2022. The public issue received bids for 44.79 crore shares against 4.67 crore shares on offer, according to the NSE data.

HDFC: NBFC giant, HDFC is set to raise approximately ₹5,500 crore by issuing secured redeemable non-convertible debentures via private placement. The NCDs have a rating of 'AAA' by major agencies like CRISIL and ICRA. The issue is part of HDFC's shelf placement memorandum 'AA' series aggregating a whopping ₹75,000 crore.

As per the regulatory filing, the base issue size is around ₹4,000 crore, while can be retained for an oversubscription of up to ₹1,500 crore --- taking the total size to be around ₹5,500 crore. Vedanta: Vedanta Group on Tuesday said it was focused on completing the expansion of Electrosteel Steels Ltd to three million tonnes from 1.5 million tonnes amid rumours about the company’s exit from the steel business. Anil Agarwal-led Vedanta Group scooped Electrosteel Steels four years ago.

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