NSE cuts lot sizes of 75 SME stocks - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
The derivative lot size for 42 stocks will be decreased, effective from April 26 for expiries in May 2024 and beyond. Key stocks impacted include Adani Ports, Bharti Airtel, BHEL, SBI, and L&T.
One always needs to be cautious and be prepared for 5-10 per cent pull-backs and if you are an investor in SME/small microcaps, please be prepared for 30-40 per cent drawdowns, says NAV Capital's Vineet Arora.
Top News This Week: Interim Budget Announcements, Paytm Crisis, Byju's Troubles And More menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
The stock of Fonebox Retail was listed at a premium of 186% at Rs 200 on the NSE on Friday against the issue price of Rs 70. The uptick in stock continued as it hit the day s high of Rs 210. At 12:15 pm, it was trading at Rs 207, up by Rs 7 or 3.50% over the listing price.
Fonebox IPO allotment Status: Investors can check the allotment status of the SME initial public offering (IPO) of Fonebox Retail on the NSE. The IPO of Fonebox Retail was oversubscribed at 437.79, with over 127.39 crore share bids received against 29.1 lakh equity shares available for subscription. The retail individual investors portion received 85.60 crore shares bids, while the non-institutional investors got over 34.08 crore share bids. The company raised Rs 5.78 crore via anchor allotment, and the IPO is a fresh equity issue of up to 29.1 lakh equity shares.
The retail individual investors portion received 39.22 crore shares bids against the reserved quota while the non-institutional investors got over 9.07 crore share bids as per the data available on the NSE. Meanwhile, the qualified institutional buyers (QIB) portion received over 21.72 lakh share bids.