Pre-IPO Buzzers: IXIGO flies high, OYO slumps, Mobikwik makes a comeback
Market sources suggest that the continuous decline in OYO’s valuation is because of ambiguity over its listing because of poor appetite for the stock at prevailing valuations
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Market sources suggest that the continuous decline in OYO’s valuation is because of ambiguity over its listing because of poor appetite for the stock at prevailing valuations
Selloff in mid-cap, small-cap stocks affected IPOs' listing gain predictability. Market volatility, stretched valuations, March decline in NSE's Mid-cap 150, Small-cap 250 indices influenced debut performances. JG Chemicals, RK Swamy, Gopal Snacks, Popular Vehicles, and Krystal Integrated closed below their IPO prices on the opening day.
Krystal Integrated Services IPO: Promoter Prasad Lad is a Member of the Legislative Council (MLC) and BJP’s state vice-president of Maharashtra
A total of seven companies will be opening their initial public offerings (IPOs) in the coming week along with eight new listings on Dalal Street.
Exicom Tele-Systems IPO: The Gurugram-headquartered EV charger manufacturer intends to raise Rs 429 crore through its maiden public issue