Public issuance of RBZ Jewellers, Happy Forging, and Credo Brands will be open for subscription tomorrow
Here's what brokerages recommend investors should do, with this Rs 1,200 crore IPO which closes for subscription on Friday, December 15.
Amic Forgings was trading at Rs 251.35 against its issue price of Rs 126 per share, while Deepak Chemtex was quoting at Rs 159.60, against its issue price of Rs 80 per share.
Closing Bell on Friday, December 1, 2023: The Nifty 50 index scaled a new peak of 20,291.55 in the intraday trade
For the quarter ended June 2023, Gandhar had posted a profit of Rs 54.3 crore on revenues of Rs 1,070 crore
Stock market highlights: After listing at a whopping 140 per cent premium, shares of Tata Technologies closed at Rs 1,326, which is 165 per cent higher against the issue price of Rs 500
Fedbank Financial is a retail-focused NBFC promoted by Federal Bank which focuses on Micro, Small & Medium Enterprises (MSMEs) and the emerging self-employed individuals (ESEIs) sector.
The initial public offer (IPO) of Gandhar Oil Refinery had received good response from the investors and was subscribed 65.63 times.
Stocks to watch on Thursday, November 30, 2023: Debutants Tata Technologies, Gandhar Oil Refinery and Fedbank Financial Services likely to hog the limelight in trades today.
Closing Bell on Wednesday, November 29, 2023: Among sectors, the Nifty bank, Auto, Financial Services, IT, PSU bank, and Private Bank indices ended higher in the range of 1 per cent to 1.5 per cent
Post listing, the stock of state-owned financial institution company moved higher to Rs 55.45 on the NSE, commanding a hefty 73 per cent premium over its issue price of Rs 32 per share
Flair Writing Industries was also off to a decent start, while FedBank Financial Services witnessed sedate demand so far.
According to reports, the price is about about 47 per cent lower than its price in the unlisted market where the stock currently trades at Rs 950 per share
Shares got listed at Rs 304.90, an 8 per cent premium against the issue price of Rs 282 per share on the BSE on Wednesday
At 10:01 AM, ESAF SFB was quoting at Rs 73.65, 23 per cent higher over its issue price of Rs 60
Stocks to Watch on Friday, October 6, 2033: SoftBank Group is likely to sell shares worth up to $105 million in PB Fintech via block deals
Stocks to Watch on Tuesday, October 3, 2023: JSW Infrastructure will debut on the bourses on October 3, 2023
The stock listed at Rs 127.5, 10 per cent below its issue price of Rs 142 per share, on the National Stock Exchange.
The stock of the real estate firm listed at Rs 445, a 16 per cent premium over its issue price of Rs 385 per share, on the BSE
The Initial Public Offering (IPO) of ethnic apparel retailer Sai Silks (Kalamandir) was subscribed 33 per cent on the second day of offer on Thursday. The initial share sale received bids for 1,27,49,966 shares against 3,84,86,309 shares on offer, as per NSE data. The category for Qualified Institutional Buyers (QIBs) received 51 per cent subscription while the quota for non-institutional investors got subscribed 27 per cent. The portion for Retail Individual Investors (RIIs) was subscribed 26 per cent. The public issue has a fresh issue of up to Rs 600 crore and an offer for sale of up to 2,70,72,000 equity shares. The price range for the offer is Rs 210-222 a share. At the upper end of the price band, the IPO will fetch about Rs 1,201 crore. On Monday, Sai Silks said it has raised over Rs 360 crore from anchor investors. The Hyderabad-based company was founded by Prasad Chalavadi, a techie turned entrepreneur in 2005. It has four store formats -- Kalamandir, VaraMahalakshmi S