Business
Neptune Logitek Shares List At 26% Discount, IPO Investors Suffer Nearly Rs 30,000 Losses
Mumbai: Shares of Neptune Logitek made a weak debut on the BSE SME platform on Monday, listing at a steep discount to the IPO price and causing losses to investors.
The stock opened at Rs 100 per share, which was 26 per cent lower than the IPO issue price of Rs 126.
Soon after listing, selling pressure continued and Neptune Logitek share price slipped further by over 5 per cent to Rs 95.80 apiece during the intra-day session.
This meant that investors who received allotment in the IPO saw their investment value fall sharply on the very first day of trading.
The company’s IPO had a lot size of 1,000 shares. Based on the opening price of Rs 100 against the issue price of Rs 126, investors lost about Rs 26,000 per lot at listing.
With the stock falling further to Rs 95.80, the loss increased to nearly Rs 30,200 per lot. The weak debut created a negative sentiment around the stock in the market.
Ahead of listing, the grey market premium (GMP) of the Neptune Logitek IPO was around zero, which had already signalled a muted debut for the shares.
Neptune Logitek’s IPO was priced at Rs 126 per share, valuing the company at around Rs 173 crore after the issue.
The public issue closed on December 17 and received an overall subscription of 1.61 times, driven mainly by interest from retail investors.
The IPO was a fixed-price issue worth Rs 46.62 crore and consisted entirely of a fresh issue of about 0.37 crore shares.
The company plans to use the IPO proceeds mainly for capital expenditure, including the purchase of additional trucks and related equipment.
A part of the funds will also be used for partial repayment of debt and for general corporate purposes.
Neptune Logitek is an integrated logistics solutions provider offering services such as freight forwarding, customs clearance, air cargo handling, road and rail transportation, and multimodal coastal forwarding.
The company follows an asset-heavy business model, with ownership of its fleet, supported by in-house maintenance facilities and a captive fuel setup.
Business
Stats overhaul: New inflation and GDP base year series slated for February; IIP to follow in May – The Times of India
India’s key macroeconomic indicators are set for a base-year reset early next year, with the government announcing timelines for releasing new series of retail inflation, national accounts and industrial production data, PTI reported.The Ministry of Statistics and Programme Implementation (MoSPI) said on Monday that a new series of Consumer Price Index (CPI) data, reflecting a revised base year, will be released in February 2026, alongside updated national accounts data, while the revised Index of Industrial Production (IIP) series will be rolled out in May.According to an official statement, a new CPI series with base year 2024=100 is scheduled for release on February 12, 2026. The revised National Accounts data, with 2022-23 as the base year, will follow on February 27, 2026. The new IIP series, also using 2022-23 as the base year, is slated for release on May 28.Ahead of the data rollout, the ministry has convened a pre-release consultative workshop on the base revision of GDP, CPI and IIP on Tuesday. This follows an earlier workshop held in Mumbai on November 26.The primary objective of the consultation is to share proposed methodological and structural changes in the revised data series and seek feedback from stakeholders, the statement said.The workshop will bring together economists, subject matter experts, representatives from financial institutions and the banking sector, users of official statistics, and senior officials from central and state governments. The ministry said participation from a wide range of stakeholders is expected to enrich discussions and help users better understand the changes in the revised series.The event will be attended by NITI Aayog Vice Chairman Suman K Bery as chief guest, along with Chief Economic Advisor V Anantha Nageswaran, MoSPI Secretary Saurabh Garg and Director General (Central Statistics) N K Santoshi.
Business
Dense Fog Disturbs You Too? Check Must Follow Tips For Safe Driving To Avoid Accidents
Dense fog during winter mornings and late nights often disrupts road travel, reducing visibility and increasing the risk of accidents. With several regions witnessing thick fog conditions, traffic police and road safety experts are urging drivers to take extra precautions to ensure safe journeys.
Fog significantly reduces visibility, sometimes to just a few metres. This makes it difficult to judge the distance of vehicles, road signs, pedestrians, and turns. Accidents during fog usually occur due to overspeeding, sudden braking, or drivers following other vehicles too closely without proper visibility.
Recently, on December 20, 2025, two youths were killed and another sustained critical injuries after a speeding truck hit their motorcycle amid dense fog on the Bareilly–Pilibhit highway.
Slow Down and Maintain Distance
Experts advise drivers to slow down while driving in foggy conditions, as it allows more time to react to sudden obstacles. Maintaining a safe distance from the vehicle ahead is equally important, as sudden braking can lead to rear-end collisions in low visibility.
Use Fog Lights Correctly
Using the right lights is crucial during fog. Drivers should switch on fog lights or low-beam headlights instead of high beams. High-beam lights reflect off fog particles and further reduce visibility. Fog lamps are designed to illuminate the road surface and edges, helping drivers see lane markings clearly.
Follow Road Markings and Signals
When visibility is poor, road markings become an important guide. Drivers should follow lane lines and reflective markers instead of relying solely on the vehicle ahead. Ignoring traffic signals or signs due to poor visibility can lead to serious accidents.
Sudden lane changes, sharp turns, or abrupt braking should be avoided in foggy conditions. Smooth steering and gradual braking help maintain control of the vehicle and reduce the chances of skidding or collisions.
(Also Read: How To Convert A Manual Car To Automatic? Check Total Cost And Details)
Stay Alert and Avoid Distractions
Drivers are advised to stay fully alert and avoid distractions such as mobile phones or loud music. Keeping windows slightly open can help drivers hear horns or approaching vehicles better.
When to Stop Driving?
If fog becomes extremely dense and visibility drops dangerously low, experts suggest parking vehicles at a safe spot away from traffic. Hazard lights should be used only when the vehicle is parked.
With foggy conditions likely to continue in many areas, following these simple driving tips can help reduce risks and ensure safer travel on the roads.
Business
Video: Uber Clears Violent Felons to Drive
new video loaded: Uber Clears Violent Felons to Drive
By Emily Steel, Christina Shaman, Zach Caldwell, David Jouppi and Thomas Trudeau
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