EV Maker Files IPO Papers, First By Auto Company In 20 Years, Check OFS & Other Details
The equity shares are proposed to be listed on the BSE and NSE.
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The equity shares are proposed to be listed on the BSE and NSE.
When stock markets resume trading on Tuesday in the holiday shortened week, a host of important domestic and global events lined-up during this week are likely to impact them. The underlying tone of the market remains positive. Major global markets will remain shut for trading on December 25, Monday on account of Christmas holiday.
Amongst the IPOs and listings, all eyes will be on the eight listings scheduled in the coming truncated week in the mainboard segment, though the action will be more in the SME segment.
If we go by the grey market trends, the listings of all eight companies will likely be at a minimum premium of over 20%. Motisons Jewellers is leading the lot as the stock is trading over 100% higher than the IPO price of Rs 55.
Analysts are positive about the company over its strong financial track record and superior outlook on growth. "We expect Azad to trade at a premium to peers post the listing," said Nirmal Bang.