When compared with issue prices, around 68 per cent of mainboard IPOs and nearly 70 per cent of SME listings are currently trading below their offer price
SBI Securities recommends investors to 'Subscribe' to the issue for the long term, while Swastika advised investors to apply with caution, recommending the issue only for risk-tolerant
GSP Crop Science set to debut on the bourses on Tuesday, March 24, while Central Mine Planning & Design Institute's IPO will close for bidding on the same day
The unlisted shares of Central Mine Planning were trading almost flat at ₹175, up ₹3 or 1.7 per cent compared to the issue price of ₹172 per share, according to sources tracking unofficial markets
The unlisted shares of Central Mine Planning were trading at ₹183 in the grey market, commanding a premium of ₹11 or 6.4 per cent from the upper end price of ₹172
Sai Parenteral's ₹409 crore IPO comprises a fresh issue of 7.3 million shares worth up to ₹285 crore and an OFS of 3.2 million shares worth up to ₹124 crore
Walmart will trim its stake in PhonePe by about 12 per cent in the firm's initial public offering, while Tiger Global and Microsoft plan to exit their stakes, according to the firm's IPO filing
IPO Calendar for Next Week: Clean Max Enviro Energy, Shree Ram Twistex, PNGS Reva Diamond Jewellery, and Omnitech Engineering are scheduled to debut on the bourses during the week.