The move is aimed at providing easy access to investors to participate in public and rights issues
Owing to its large geographical reach, mobile trading has led to the rise in the large number of people entering the financial markets
The issue received bids for 4,17,79,260 shares against 1,50,18,279 shares on offer, as per data available with the NSE
Till the time the Nifty stays above 15,600 on the closing basis, the markets remain in a buy-on-dips zone
Ajay Tyagi said that the prevailing low-interest rates and ample liquidity availability are the major factors for the increased investors’ interest
New entrants to the stock markets should not venture into investing in global markets though it is within easy reach nowadays.
The IPO received bids for 58,83,08,396 shares against 32,61,882 shares on offer, as per data available with the NSE
The shareholders have approved raising of Rs 12,000 crore during the IPO and sale of secondary shares will take the total amount to Rs 16,600 crore
The IPO comprises fresh issuance of equity shares worth Rs 1,500 crore and an offer for sale of up to Rs 400 crore by promoters, existing shareholders
While last week was a volatile one with the Nifty slipping to 15,630 kind of levels