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The primary market will get buzzing again as four IPOs - Shyam Metalics, Sona Comstar, Dodla Dairy and KIMS Hospitals are set to hit street
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The FPO is being launched to meet the SEBI norm of minimum public shareholding of 25% in a listed entity
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The move, aimed at avoiding "market complications", comes against the backdrop of NCLT approving Piramal Group's resolution plan for DHFL
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The valuation of TCS jumped by Rs 47,551.31 crore to reach Rs 12,10,218.64 crore, becoming the biggest gainer among the top-10 companies
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Besides, the movement of Brent crude, rupee and foreign institutional investors (FIIs) would also be watched by investors
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The base size of the issue is Rs 1,000 crore and it has a greenshoe option of another Rs 1,000 crore
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Shyam Metalics, Sona Comstar will launch their IPOs on Monday, while Krishna Institute, Dodla Dairy will be open for subscription on Wednesday
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Unlike the trading of listed companies that happens on stock exchanges, trading in unlisted shares is an over-the-counter transaction
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Money9 Covid25 Index advanced 2.78% while Nifty50 and Nifty Pharma logged gains of 0.82% and 2.57%, respectively
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The fund house bought over 10 lakh shares each in Bharti Airtel, SBI Life Insurance Company and Sun Pharma