Page 2 - Thaai Casting News Today

Vibhor Steel Tubes IPO: The price band of the IPO was of ₹141 to ₹151 per share and the minimum lot size for an application was set at 99 shares. 

Thaai Casting IPO: Initial public offering of automotive ancillary company Thaai Casting Ltd will close tomorrow (February 20). The IPO had opened for for public subscription on February 15. Till now, it has received a positive response from investors as on the second day of bidding, the IPO received

Experts say the positive momentum is expected to continue in the coming week, too, along with intermittent consolidation and correction.

Mahavir Lunawat, Managing Director, Pantomath Capital Advisors Pvt. Ltd. - A Leading Mid-Market Investment Bank, said that the Indian IPO market will remain robust in CY2024.

Overall, analysts maintain a positive yet cautious stance as Nifty 50 is set to retest its record high level, but there could be bouts of intra-day volatility. A possible breakout attempt for Nifty 50 above 22,150 could lead to an uptrend to inch towards 22,500+.

The five companies including two from the mainboard segment are planning to raise Rs 2,000 crore to 2,500 crore through public issues.

Juniper Hotels IPO opens for subscription on February 21, 2024, and closes on February 23, 2024. Priced at Rs 342 to Rs 360 per share, the Rs 1,800-crore book-built issue comprises fresh shares (5 crore).

As the third quarter earnings are about to end, inflows into the primary market are expected to continue as several companies prepare to launch their public offerings this week.

The SME IPO is a a book built issue of ₹47.20 crores and is entirely a fresh issue of 61.3 lakh shares.