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The initial public offer (IPO) comprises fresh issuance of shares aggregating to Rs 300 crore and an offer for sale worth Rs 300 crore by the promoter Yellow Stone Trust.
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In the hindsight, the tone of global central bankers seems to remain dovish despite rise in bond yields as economy still needs support to sustain momentum in economic activities
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The Rs 824-crore initial public offering (IPO) of Craftsman Automation Limited, subscribed 22% on the first day of bidding so far
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Domestic institutional investors (DIIs) were also net sellers to the tune of Rs 163.87 crore in the domestic equity market on March 12.
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Shares of MTAR Technologies opened for trading at Rs 1,050 on the National Stock Exchange, compared to the issue price of Rs 575, marking a premium of 82.61%.
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The rise in share price indicates that an investment of Rs 25,000 in a company in March last year is now worth Rs 1,85,348.
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Sensex fell 130 points to open at 50,661; while the broader market index Nifty50 opened at 14,992 losing 38 points.
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Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 61 points at the opening bell.
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Shares of MTAR Technologies to list on bourses on Monday
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The market will react to industrial output and CPI inflation data which was released after market hours on Friday, 12 March 2021.
