Leads to surge in valuation premium; Experts caution investors
Net proceeds from the initial share sale will be used to fund its capital expenditure, working capital requirements and towards expenses for general corporate purposes.
The exchange had just 10 mn investor accounts in Feb 2008, which rose to 20 mn by July 2011
In the previous session, the index settled 125.27 points or 0.21 per cent lower at 59,015.89.
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Bharti Airtel and State Bank of India emerging as the biggest gainers
Shares of Exxaro Tiles managed to buck the trend, soaring close to 10%
According to data from depositories, overseas investors invested Rs 4,385 crore into equities and Rs 3,220 crore in the debt segment during September 1-9
Capital markets regulator Sebi has come out with corporate governance rules for listed entities which have listed their debt securities.
Of the total IPOs issued in the last one year, 72 per cent were listed at a premium while 28 per cent opened at a discount
In equities, they invested just Rs 2,082.94 crore while debt segment saw inflow of Rs 14,376.2 crore between August 2-31, depositories data showed.
The market heavyweight stock jumped 4.12 per cent to close at Rs 2,388.25 on the BSE.
Many won't be able to meet commitments that were to be bid in tranches, say experts
Capital markets regulator Sebi has lined up as many as 97 properties of Royal Twinkle Star Club and Citrus Check Inns for auction on September 25 at a reserve price of over Rs 350 crore.
The broader NSE Nifty gained 68.30 points, or 0.41 per cent, to finish at a record 16,705.20
The aim is twofold: bring down cost of customer acquisition, while improving user experience
The successful Initial Public Offerings (IPOs) by new age companies in the recent months are a reflection of bullishness about Indian technology, it said.
Rising inflation is constraining the central bank from easing further even as the economy remains vulnerable following a deadly wave of coronavirus infections.
This was much higher than a net inflow of Rs 5,988 crore seen in June
The initial share sale will conclude on August 12