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Overseas, Asian stocks are trading higher Wednesday as investors returned to risky assets
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The Rs 510-crore issue received bids for 10,85,93,760 shares against 1,50,80,644 shares on offer, as per data available with the NSE.
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Expect to see a bullish continuation if the Nifty manages to hold above 15,150 levels
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The IPO is an entirely fresh issuance of equity shares and proceeds of the issue would be mainly used to pay the debt.
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At close, the Sensex was up 584 points or 1.16% at 51,025, and the Nifty was up 142 points or 0.95% at 15,098.
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Specialty chemical manufacturer Laxmi Organic Industries will raise Rs 600 crore through an initial public offering (IPO). The issue will open for subscription on March 15 and close on March 17. The company has fixed the price band for the issue at Rs 129-130 per share. Investors can bid for a minimum of 115 equity […]
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As a Category II alternative investment fund, it will focus on late-stage private equity and pre-initial public offering investments
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FIIs are foreign institutional funds that create large equity exposures to emerging markets like India
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Coimbatore-based engineering major Craftsman Automation has fixed a price band of Rs 1,488-1,490 per share. Investors can bid for a minimum of 10 equity shares and in multiples, thereafter.
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Market analysts are bullish on the company after the recently concluded QIP