The festive lights have lifted the mood on Dalal Street, but apparently failed to light up Tracxn Technologies’ fate on Wednesday, just a day ahead of its listing on the bourses, if one goes by the grey market premium. According to market watchers, the company is witnessing negligible trades in the unofficial market as it … Read more
Markets this week seemed to be embracing the Christmas spirit as both the festive colours adorned trading terminals. After bleeding red on Monday, bourses lit up green recovering significantly from lows. This strong pullback might have hinted that the market is getting ready to launch itself into a phenomenon widely termed as ‘Santa Claus Rally’. … Read more
Mobikwik, a digital payments platform, and Fino Payments Bank, which have received the regulatory nod for their IPOs, are yet to see trader interest yet, said brokers. Synopsis Punters in the unofficial grey market are being choosy about trading in the unlisted shares of IPO-bound new-age businesses. Online beauty and wellness retailer Nykaa and PB … Read more
New Delhi: IPO-bound Sterlite Power Transmission returned to black in the financial year ended on March 31, 2021, after it reported Rs 362.92 crore net profit for the year against a net loss of Rs 517.71 crore in the previous year. The Vedanta Group company reported a 10 per cent rise in income from operations … Read more
NEW DELHI: The Rs 444 crore initial public offering (IPO) of Mazagon Dock Shipbuilders, the first government-owned company to float a primary market issue in 2020, opened for bidding on Tuesday. The issue is open for subscription till Thursday. The company has a virtual monopoly on building destroyers, frigates and submarines for Indian Navy and … Read more
NEW DELHI: The initial public offering (IPO) of Chemcon Speciality Chemicals was subscribed 1.58 times on Monday as of 12.04 pm. Out of 65,59,173 shares on offer, the issue had received applications for 1,03,88,356 shares. The retail quota saw huge applications and was fully subscribed within 45 minutes of opening for subscription. Out of 32,83,580 … Read more
NEW DELHI: The IPO market is set to see its first mainboard IPO of financial year 2019-20 with Rossari Biotech hitting the market with its Rs 500 crore IPO on Monday. Rossari IPO was caught in Covid blues at first attempt. It was to launch its IPO on March 18, but cancelled its IPO press … Read more