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Supply disruptions have led to downward revision of earnings estimates for FY22
Sigachi Industries list at 253% premium, Policybazaar at 17% premium mover issue price
At the last closing price, Policybazaar parent PB Fintech was valued at Rs 54,000 crore. The company has raised Rs 3,750 crore in fresh capital in its IPO
The holders of its partly-paid shares will have to pay Rs 628.5 by November 29
The offer consists of Rs 150 crore of fresh fund raise and an OFS of Rs 874 crore
Debutants exhibited mixed outing on Day 1. PB Fintech was up 4.4 per cent, Sigachi Industries zoomed 270.5 per cent, while SJS Enterprises ended at a 5 per cent discount to issue price
The domestic capital markets continue to remain on an upward trajectory after a strong performance in FY2021
IOL Chemicals slipped 10% to Rs 487, while Granules was down 8% to 285.80 on the BSE in intra-day trade
Shares of Aurum PropTech, formerly known as Majesco, were locked in 20 per cent upper circuit at Rs 146.40
Tata Communications has broken the 200-day moving average (DMA) suggesting weakness in the coming days.
The stock exchanges announced that they will implement the T+1 settlement cycle in a phased manner starting February 25, with the bottom 100 stocks in terms of market value
The company reported lower capacity utilisation sequentially at 90% in Q2 on account of unplanned shutdown at Bihar facility
The rupee surged 12 paise to 74.33 against the US dollar in opening trade on Monday as a firm trend in domestic equities and easing crude oil prices boosted investor sentiments.
Shares of PB Fintech Ltd, which operates online insurance platform Policybazaar and Paisabazaar, listed with a premium of over 17 per cent against its issue price of Rs 980 on Monday.
The stock listed at Rs 540, a 0.37 per cent discount over its issue price of Rs 542 per share, on the BSE
At 10:09 am; the stock was locked at the maximum 5 per cent upper circuit at Rs 603.75, a 270 per cent jump over its issue price of Rs 163 per share
A rallying stock market helped spur multiple technology unicorns to list in India this since January, with proceeds raised in new-share sales at over $12 billion, already a record for a full-year.
The stock listed at Rs 1,150, a 17 per cent premium over to its issue price of Rs 980 per share on the BSE.