Upcoming IPOs in March 2021 in India: Kalyan Jewellers, Easy Trip Planners, MTAR Tech and more
Upcoming IPOs in March 2021: MTAR Technologies, Easy Trip Planners, Puranik Builders, Apeejay Surrendra Park Hotels, Laxmi Organic Industries, Suryoday Small Finance Bank, Craftsman Automation, Barbeque Nation Hospitality, ESAF Small Finance Bank and Kalyan Jewellers India
Chitranjan Kumar | March 2, 2021 | Updated 13:24 IST
Upcoming IPOs in March 2021: Kalyan Jewellers, Easy Trip Planners, Aadhar Housing Finance, Apeejay Surrendra Park Hotels, Suryoday Small Finance Bank and more
With a long list of upcoming initial public offers (IPOs) in the pipeline this year, investors may look forward to an action-packed year. As many as 16 IPOs are likely to hit the market in March itself to raise over Rs 25,000 crore.
Momentum indicator Moving Average Convergence Divergence (MACD) on Friday showed bullish trade setup on the counters of Tata Motors, Aditya Birla Fashion, Manappuram Finance, Jain Irrigation, Gufic BioSciences, Britannia Industries and others.
Read more about Street signs: MTAR Tech GMP at 25%, RailTel on investor radar, and more on Business Standard. The Nifty index gained as much as 9 per cent after the Budget and the Bank Nifty rallied 20 per cent, before giving up the bulk of the gains last week
Nifty may open below 15,000; Asian markets plunge over 2 per cent
February 26, 2021
RailTel listing in focus
Global cues and SGX Nifty point to a sharp gap down opening for Indian markets. The SGX Nifty is ruling at 14,885, as against the Nifty March futures closing price of 15,169.50, signalling an over 250 points decline at the start.
Global stocks across the Asia-Pacific region have slumped in excess of 2 per cent, with Japan, Korea, Australia, Taiwan and Hong Kong declining between 1.8 and 3 per cent. Overnight, the US stocks witnessed a sharp slide on rising US yields. The tech-heavy Nasdaq slumped 3.52 per cent, the biggest single-day fall since October. The Dow Jones and S&P 500 fell 1.75 per cent and 2.5 per cent respectively.
At 10:45 am, the shares ofRailTel were trading higher by 28.40 per cent on the BSE
RailTel Corporation of India shares listed at a modest premium on the bourses despite a selloff in the broader market this morning. The shares of RailTel Corporation debuted at Rs 104.60, up 11.28 per cent, on the BSE compared to the issue price of Rs 94. And on the NSE, the shares were listed at Rs 109, a premium of 15.96 per cent. At 10:45 am, the shares of RailTel were trading at Rs 120.60, up 28.40 per cent on the BSE and at Rs 120.75, up 28.46 per cent , on the NSE.
Promoted
RailTel Corporation s Rs 819 crore initial public offer (IPO) was an offer for sale by the government as part of the divestment programme. The IPO was subscribed 42 times. The share offering was subscribed 16.78 times in the retail category, 65.14 times in qualified institutional buyer segment and 73.25 times in the non-institutional investor group. The public issue was open for three days between February 15 and Februar