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Property transactions have some inertia built into them, but punts on IPOs are very quickly flipped. That explains the average oversubscription of 44 times in recent years. So how to throw some sand into the wheel? The SEBI chief said Friday that the regulator is investigating investment banks that artificially inflate share applications to create a false impression of demand.
Due to the market holiday on January 22, several initial public offerings (IPOs) and listings have been postponed. Nova Agritech IPO, Epack Durable IPO, Brisk Technovision IPO, Qualitech Labs IPO, Euphoria Infotech India, and Maxpose IPO are among the affected offerings. The new dates for these IPOs and listings have been rescheduled accordingly.
Shares of Motisons Jewellers Ltd on Tuesday listed with a huge premium of over 98 per cent against the issue price of Rs 55. However, Muthoot Microfin and Suraj Estate listed at 5.46 per cent and 5.55 per cent discount, respectively
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.
Despite no new launches, five IPOs that hit the Street last week will likely see their shares getting listed. Among these, Tata Technologies, with a soaring GMP of over Rs 400, is generating a lot of interest among investors and analysts alike on the potential bumper debut. Considering the upper price band of Rs 500, the stock is expected to list at a premium of over 80% as compared to the issue price.