Minerva Ventures News Today

Sensex Today: Benchmark indices Sensex and Nifty traded lower. Indias interim budget on Thursday and Fed policy decision on Wednesday will be the major near-term triggers for domestic equities, according to market analysts. "It appears that the strong DII and retail support and the consequent resilience of the market is forcing FIIs to reduce their selling. The Fed commentary on Wednesday will influence the US bond yields and consequently the FII strategy. Large caps like RIL, Bharti Airtel...

BLS E-Services IPO was subscribed 2.43 times with the retail category oversubscribed 10.44 times and NII portion oversubscribed by 3.35 times. The company raised Rs 126 crore from anchor investors. Analysts recommend subscribing to the issue. The companys revenue grew at 94% CAGR in FY21. Proceeds from the IPO to be used for technology infrastructure, organic and inorganic growth initiatives.

BLS E-Services IPO opens for subscription on Tuesday and will close on February 1. The company raised Rs 126 crore from anchor investors. BLS E-Services plans to raise around Rs 311 crore through the public offer. The IPO price band is Rs 129-135 per share. Analysts advise subscribing to the issue for listing gains as well as long-term.