Standard Chartered settles Sebi case for ₹57.2 lakh over FPI norms

by Hansraj Agrawal | Mar 17, 2026 | Share Market

1 min read Last Updated : Mar 17 2026 | 7:03 PM IST

Standard Chartered Bank has settled a case with market regulator Securities and Exchange Board of India (Sebi) by paying Rs 57.2 lakh over alleged violations of foreign portfolio investor (FPI) norms in its role as a designated depository participant (DDP).

Sebi alleged that the bank failed to report delays in intimating material changes related to beneficial ownership of certain FPIs. It also cited delays in processing investor grouping changes in some cases, and said the bank granted exemptions from granular disclosure requirements to certain beneficial owners without ensuring compliance with the regulatory framework.

The regulator had issued a show-cause notice to the bank in April 2025. Subsequently, Standard Chartered filed a settlement application without admitting or denying the findings.

Following the payment of the settlement amount, Sebi has disposed of the show-cause proceedings.

First Published: Mar 17 2026 | 7:03 PM IST

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Innovision IPO subscribed 3.32 times

by Hansraj Agrawal | Mar 17, 2026 | Share Market

The offer received bids for 2.12 crore shares as against 61.32 lakh shares on offer.

Innovision received bids for Innovision IPO subscribed 3.32 times.
The offer received bids for 2.12 crore shares as against 63.99 lakh shares on offer.
Innovision received bids for 2,12,70,519 shares as against 63,99,943 shares on offer, according to stock exchange data at 17:30 IST on Tuesday (17 March 2026). The issue was subscribed 1.20 times.

The issue opened for bidding on 10 March 2026 and earlier closing date was 12 March and now it is 17 March 2026. The price band of the IPO is fixed between Rs 521 and 548 per share. An investor can bid for a minimum of 27 equity shares and in multiples thereof.

The Rs 322.84 crore IPO comprises a fresh issue of 46,53,285 equity shares to raise Rs 255 crore and an offer for sale (OFS) of up to 12,38,000 equity shares worth up to Rs 67.84 crore at a higher price band of Rs 548. Promoter group members Lt. Col. Randeep Hundal and Udaypal Singh will offload 619000 shares each.

Innovision will utilize Rs 51.0 crore from the net fresh issue proceeds for repayment of its borrowings, Rs 119 crore for working capital requirements, and the remaining funds will be utilized for general corporate purposes.

Innovision provides manpower services, toll plaza management, and skill development training across India. The company offers private security, integrated facility management (IFM), manpower sourcing and payroll services, and operates toll plazas primarily for the National Highways Authority of India (NHAI). As of January 2026, it served over 180 clients across more than 1,000 locations.

For the six months ended 31 September 2025, the firm recorded a consolidated net profit of Rs 3.57 crore and sales of Rs 480 crore. shares as against 61,32,433 shares on offer, according to stock exchange data at 17:30 IST on Tuesday (17 March 2026). The issue was subscribed 1.20 times.

The issue opened for bidding on 10 March 2026 and earlier closing date was 12 March and now it is 17 March 2026. The price band of the IPO is fixed between Rs 521 and 548 per share. An investor can bid for a minimum of 27 equity shares and in multiples thereof.

The Rs 322.84 crore IPO comprises a fresh issue of 46,53,285 equity shares to raise Rs 255 crore and an offer for sale (OFS) of up to 12,38,000 equity shares worth up to Rs 67.84 crore at a higher price band of Rs 548. Promoter group members Lt. Col. Randeep Hundal and Udaypal Singh will offload 619000 shares each.

Innovision will utilize Rs 51.0 crore from the net fresh issue proceeds for repayment of its borrowings, Rs 119 crore for working capital requirements, and the remaining funds will be utilized for general corporate purposes.

Innovision provides manpower services, toll plaza management, and skill development training across India. The company offers private security, integrated facility management (IFM), manpower sourcing and payroll services, and operates toll plazas primarily for the National Highways Authority of India (NHAI). As of January 2026, it served over 180 clients across more than 1,000 locations.

For the six months ended 31 September 2025, the firm recorded a consolidated net profit of Rs 3.57 crore and sales of Rs 480 crore.

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Nifty, Sensex advance for a second day; gains capped by high crude prices

by Hansraj Agrawal | Mar 17, 2026 | Share Market

Markets extended gains for a second straight session on Tuesday, recovering from last week’s sharp selloff amid supportive global cues. However, the upside remained capped, as Brent crude prices held firm above the $100-per-barrel mark.

The Sensex rose 568 points, or 0.75 per cent, to close at 76,071, while the Nifty 50 gained 172 points, or 0.74 per cent, to settle at 23,581.

The U.S.-Israeli conflict with Iran entered its third week with little sign of easing, keeping energy markets on edge. Brent crude climbed about 3 per cent to hover near $103 per barrel, even as the U.S. worked on a plan to escort ships through the Strait of Hormuz. The key shipping route, which carries nearly a fifth of global oil supplies, has remained largely disrupted since the onset of the conflict, raising concerns over potential shocks to global growth.

Sectoral performance was largely positive, with most indices ending in the green. FMCG and IT were the notable laggards, declining about 1 per cent each. In contrast, beaten-down metal and realty stocks saw strong buying interest, with the Nifty Metal and Realty rising 2.8 per cent and 1.8 per cent, respectively.

Broader markets also rose, with the Nifty Midcap 100 gaining 1 per cent and the Nifty Smallcap 100 advancing 0.7 per cent. Market breadth improved, as 2,366 stocks advanced compared to 1,891 declines. The India VIX fell 8.4 per cent to 19.8, indicating easing volatility.

Domestic brokerage Emkay warned that markets could correct by another 10 per cent from current levels, if crude oil prices remain elevated around $100 per barrel for three to four months.

A prolonged conflict could leave lasting scars on both the U.S. and the global economy, the brokerage said. Even after hostilities cease, global energy supplies may take two-three months to normalise. This could keep inflation elevated, dent consumer sentiment, weigh on growth for one to two quarters, and disrupt capital flows.

Nuvama, in a separate note, flagged rising downside risks to global growth and equities.

The first 10 weeks of 2026 have seen events that typically play out over an entire business cycle — from reflation hopes and trade deals to a major technological shift, and now a full-blown war triggering a supply shock. The only missing piece is a recession, the brokerage said.

Foreign portfolio investors (FPIs) have sold Indian equities worth over $7 billion so far in March, putting them on track for their highest monthly outflows since January 2025.

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Raajmarg Infra Investment Trust (InvIT) IPO ends with 6.25 times subscription

by Hansraj Agrawal | Mar 17, 2026 | Share Market

The offer received bids for 133.32 crore units as against 21.33 crore units on offer.

The initial public offer of Raajmarg Infra Investment Trust (InvIT) received bids for 1,33,32,19,800 units as against 21,33,33,150 units on offer. The issue was subscribed 6.25 times.

The issue opened for bidding on 11 March 2026 and closed on 13 March 2026. The price band of the IPO was fixed between Rs 99 and 100 per share.

The IPO comprised a fresh issue of units, aggregating up to Rs 6,000 crore.

The proceeds from the offer will be utilized towards the the infusion of debt and equity into the Project SPV, which shall be utilized by the project SPV for the payment of concession value of the InvIT Assets to NHAI and general corporate purposes.

Ahead of the IPO of Raajmarg Infra Investment Trust on 10 March 2026, the company raised Rs 1,728 crore from anchor investors by allotting 17.28 crore shares at Rs 100 each to 73 anchor investors.

Raajmarg Infra Investment Trust (Trust) is an infrastructure investment trust that is registered with SEBI under the InvIT Regulations on December 22, 2025, under Regulation 3(1) of the InvIT Regulations. The Trust intends to acquire, operate, and maintain the InvIT Assets pursuant to the terms of the Concession Agreements. Its toll road portfolio features routes such as Gorhar to Barwa Adda, Chilakaluripet to Vijayawada, the Chennai Bypass, Chennai to Tada, and Nelamangala to Tumkur.

The portfolio of toll roads includes five operational toll road assets developed under the Toll Operate Transfer (TOT) model by the NHAI. These assets are located in the states of Jharkhand, Andhra Pradesh, Tamil Nadu, and Karnataka, encompassing approximately 260.198 km as part of the Golden Quadrilateral network.

The company has projected revenue from operations of Rs 925.8 crore for FY27, Rs 1,128.03 crore for FY28 and Rs 1,180.65 crore for FY29.

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Bharat Electronics wins new orders worth Rs 1,011 crore

by Hansraj Agrawal | Mar 17, 2026 | Share Market

Bharat Electronics said that it has secured additional orders worth Rs 1,011 crore since the last disclosure on 25 February 2026.

In these three weeks, the company has bagged orders for communication equipment, radar warning and jamming system, fire control system, electro optic sight, fire detection & warning system for fighter aircraft, high energy laser, automatic train supervision system, head up display, software solutions, jammers, shelters, strategic components, upgrades, spares, services, etc.

Bharat Electronics (BEL) is a Navratna PSU under the Ministry of Defence, Government of India. It manufactures electronic products and systems for the army, navy, and air force.

The companys standalone net profit jumped 20.81% to Rs 1,590.06 crore on a 23.72% rise in revenue from operations to Rs 7,121.98 crore in Q3 FY26 over Q3 FY25. The companys order book position stood at Rs 73,015 crore as of 1 January 2026.

The scrip had advanced 2.39% to end at Rs 439.65 on the BSE today.

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GSP Crop Science subscribed 96%

by Hansraj Agrawal | Mar 17, 2026 | Share Market

The offer received bids for 86.04 lakh shares as against 89.47 lakh shares on offer.

GSP Crop Science received bids for 86,04,622 shares as against 89,47,367 shares on offer, according to stock exchange data at 17:00 IST on Tuesday (17 March 2026). The issue was subscribed 0.96 times.

The issue opened for bidding on 16 March 2026 and it will close on 18 March 2026. The price band of the IPO is fixed between Rs 304 and 320 per share. An investor can bid for a minimum of 48 equity shares and in multiples thereof.

The Rs 400 crore IPO comprises a fresh issue of 75,00,000 equity shares to raise Rs 240.0 crore and an offer for sale (OFS) of up to 50,00,000 equity shares worth up to Rs 160 crore at higher price band of Rs 320. Vilasben Vrajmohan Shah, Bhavesh Vrajmohan and kappa will offload a part of his their stake in the OFS.

GSP will utilise Rs 170.0 crore from the net fresh issue proceeds for repayment of its borrowings, and the remaining funds will be utilised for general corporate purposes.

Ahead of the IPO of GSP Crop Science on 13 March 2026, the company raised Rs 120 crore from anchor investors by allotting 37.50 lakh shares at Rs 320 each to 3 anchor investors.

GSP Crop Science (GSP) is an agrochemical company engaged in the business of manufacturing insecticides, herbicides, fungicides and plant growth regulators. It provides crop protection solutions to help farmers increase productivity, offering formulations (active ingredients and additives) and technicals (concentrated active ingredients) for effective pest, weed, and disease control.

The company offers a diverse portfolio of in-house manufactured agrochemicals, providing crop protection solutions through the development, manufacturing, supply, and distribution of formulations and technicals to meet customer needs.

For six months ended September 30,2026, the company earned 82.9% of its revenues from sale of generic products and the balance 17.1% from sales of patented products.

During the six months ended 30 September 2025, the firm recorded a consolidated net profit of Rs 82.78 crore and sales of Rs 844.29 crore.

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