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Growing retail investor confidence drives strong interest in SME IPOs. Companies like Australian Premium Solar and Pratham EPC Projects witness substantial gains post listing. However, caution is advised, as some companies like MVK Agro Food Product are trading below issue price.
Investors high on SME IPOs with up to 1,300% returns. Marquee investors, top performers like Owais Metal & Mineral Processing, and risks of market manipulation highlighted. Emphasis on due diligence and investor awareness.
TBO Tek IPO includes fresh equity of Rs 400 crore and an offer for sale of up to 1.25 crore shares. Under the OFS, promoters Gaurav Bhatnagar, Manish Dhingra, LAP Travel, and other selling shareholders TBO Korea, Augusta TBO will offload the shares.
TBO Tek, a prominent travel distribution platform, has obtained approval from Sebi to raise funds through an IPO. The offering comprises fresh equity worth Rs 400 crore and an offer for sale of up to 1.56 crore shares.
Trends in the GIFT Nifty indicate a positive start for the broader index in India, with a gain of 32 points or 0.14 percent.