The NSE IPO is purely an offer-for-sale issue, meaning none of the proceeds will go to the exchange; instead, early investors are offloading their stake.
The issue is a combination of fresh issue of 2.66 crore shares aggregating to ₹675 crores and offer for sale of 78.74 lakh shares aggregating to ₹200 crores.
IPO is a book build issue of ₹1,255 crores. Issue is a combination of fresh issue of 37.15 lakh shares aggregating to ₹150 crores and offer for sale of 2.74 crore shares aggregating to ₹1,105 crore.
n the IT basket, stocks registered declines in the range of 5-9 per cent. Based on the day's low, Coforge emerged as the biggest loser with an 8.7 per cent fall.
Market experts are largely selective, with Karamtara Engineering emerging as the strongest consensus pick, while Rentomojo also finds favour for its growth potential.
Fed expected to hike rate and RBI's recent minutes suggesting a likely start to rate hike cycle, could pave the way for yields to increase, said Elara Securities.
Prasol Chemicals Ltd.'s IPO has a price band of ₹643-676 per share and a total issue size of ₹500 crore, comprising a fresh issue of ₹80 crore and an offer for sale (OFS) of ₹420 crore.
MOFSL noted that Physicswallah is among India's largest education platforms, built on what the brokerage believes is one of the most capital-efficient business models in Indian EdTech.
Ruto on Thursday ordered the ousting of Tata Chemicals Ltd. and is said to be looking for fresh investors to take over its century-old mining rights for minerals that are processed into soda ash.