Stocks in Focus on March 16: Benchmark domestic stocks on Monday, March 15, 2021, fell more than half a per cent amid mixed global cues. The BSE Sensex declined 397 points, or 0.78 per cent, to settle at 50,395. The NSE Nifty index fell below 15,000-mark. Nifty 50 also lost 101 points, or 0.67 per cent, to close at 14,930. But certain stocks came in the news after the market was closed. These stocks can impact the indices when it reopens on Tuesday, March 16, 2021. List of such five stocks:

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Anupam Rasayan IPO + Laxmi Organic Industries IPO + Craftsman Automation IPO + Kalyan Jewellers IPO:

Anupam Rasayan IPO: The initial public issue (IPO) of the specialty chemicals firm Anupam Rasayan was subscribed 3.64 times on the second day of subscription, i.e. on March 15, 2021. The retail portion of the offer was subscribed 6.6 times and the non-institutional portion saw 1.39 times subscription. The QIB portion was subscribed 0.37 times. Today is the last day for a subscription for the public offer. The Rs 760 crore initial share sale comprises entirely fresh issuance of shares and Anupam Rasayan has fixed a price band of Rs 553-555 a share.

Laxmi Organic Industries: The initial public offering of Laxmi Organics Industries, a specialty chemicals manufacturer, was subscribed 2.28 times on the first day of subscription, i.e. Monday, March 15, 2021. The retail portion was subscribed 4.34 times, while NII and QIB portions were subscribed 0.4 times and 0.01 times, respectively. The IPO closes on March 17, 2021. Laxmi Organic has fixed the price band for its issue at Rs 129-130 per share. The company seeks to raise Rs 600 crore from the public issue.

Craftsman Automation: The initial public offering (IPO) of Craftsman Automation, an automobile component manufacturer, was subscribed 55% on the first day of subscription, i.e. Monday, March 15, 2021. The retail portion of the public offering was subscribed 1.06 times, while the NII portion was subscribed 0.09 times. The IPO closes on March 17, 2021. The price band has been fixed at Rs 1,488-1,490 apiece. The company seeks to raise Rs 824 crore from the public issue.

Kalyan Jewellers IPO: The initial public offering (IPO) of Kalyan Jewellers India (KJIL) opens today, March 16, 2021, with a price band of Rs 86-87 per share. The IPO comprises of issuance of fresh equity up to Rs 800 crore and an offer for sale (OFS) worth Rs 375 crore. The Bid Lot is of 172 Shares and in multiples thereof. The company seeks to raise Rs 1,175 crore from the public issue. Besides, the company has raised around Rs 352 crore by allocating 4.04 crore shares at Rs 87 per share to 15 anchor investors. The anchor investors include the Government of Singapore, Monetary Authority of Singapore, Sundaram Mutual Fund and Calypso Global Investment among others.

Paper Stocks in Focus: Paper stocks, like JK Paper, West Coast Paper and Orient Paper, will be in focus today as a decision on the ban on single-use plastic can be made at the PM’s PRAGATI meeting. The environment ministry will issue a final notification in this regard by July 2021. Instructions for the creation of a special task force have been given to every state and Prime Minister has an emphasis on the use of paper and waste recycling.

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Tata Communications Ltd.: The offer for sale (OFS) of the Government of India's equity in Tata Communications Ltd (TCL) would open today. The central government would divest 10% shares in TCL, along with an additional 6.12% as Green Shoe Option. The offer for sale would be available only for non-retail investors on March 16. The retail investors would be allowed to bid for the government stake on March 17, which is the second day of the sale. The floor price for the OFS has been fixed at Rs 1,161 per equity share. Post the OFS, the government will sell the remaining 10% stakes to Tata Sons Pvt.’s investment arm Panatone Finvest ltd, immediately after the sale. Currently, the government holds a 26.12% stake in Tata Communications Ltd, while 34.8% stake is held by Panatone Finvest Ltd, and 14.07% is owned by Tata Sons.

BPCL, IOC, BEL board meet on dividend today + MIDHANI dividend declared

BPCL: Board is scheduled to meet today to consider the second interim dividend for FY21. A dividend of Rs 16 per share has been provided earlier.
IOC: Board is scheduled to meet today to consider the second interim dividend for FY21. A dividend of Rs 7.50 per share has been provided earlier.
BEL: Board is scheduled to meet today to consider the second interim dividend for FY21. A dividend of Rs 1.40 per share has been provided earlier.
MIDHANI: The Board of Directors of Mishra Dhatu Nigam Ltd (MIDHANI) on Monday declared an interim dividend of Rs 1.20 per equity share for the financial year 2020-21. March 23, 2021, has been fixed as the record date for the interim dividend.

PVR/Inox Leisure/Specialty Restaurant/Westlife: Cinema halls, hotels and restaurants will be in focus today as the Maharashtra government has issued new COVID guidelines with certain curbs. According to the new guidelines issued, all restaurants, hotels and cinema halls have been ordered to operate at half the capacity. It also puts a cap of 50 people in place for weddings and put a complete ban on all other public gatherings, like social, cultural, political and religious. Offices except related to health services and essential services should operate at 50 per cent capacity. The guidelines will be in force till March 31, 2021, and any violation shall also attract penalties.