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There is no need to be disappointed if you are not allotted shares in IPO. You can rather invest in IPO focused mutual funds.
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SBFC Finance IPO hit the bourses today and opened in the secondary market at Rs 82 per share. Its IPO price was Rs 57 per share.
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The company is in the business of high-end computing solutions and also supercomputing systems
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Market experts suggest investors should sell partial holding and hold the remaining portion for a year.
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Sona BLW Precision Forgings (Sona Comstar) opened at Rs 301 per share on the National Stock Exchange, Rs 10 higher than the issue price of Rs 291
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The stock traded at Rs 380 apiece in opening deals on the National Stock Exchange, compared to the issue price of Rs 306, marking a premium of 24%
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In the grey market, shares of India Pesticides were quoting at Rs 341-344 (today at 10:40 am) implying a premium of 15-16%
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The IPO registrar’s website now shows that the shares will be allotted tomorrow i.e. June 22, 2021
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India Pesticides has fixed a price band of Rs 290-296 a share for the upcoming initial share sale
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The Rs 520.17-crore Dodla Dairy initial public offer (IPO) received bids for 38,80,64,950 shares against 85,07,569 shares on offer