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Shares of Megatherm Induction listed with a massive premium of 108% earlier this week. Post the debut, the stock jumped further and is currently trading at Rs 252 apiece, up nearly 133% over the issue price.
Kalyan Jewellers India saw huge activity in bulk deals, while Cohesion Investments and Madhusudan Kela JV, Cohesion MK Best Ideas Sub-Trust picked up Rs 8.49 crore worth of shares in Indiabulls Housing Finance.
In the coming week, the market may see some consolidation after a recent rally and maintain caution ahead of RBI policy, but overall, the sentiment seems to be in favour of bulls given the positive global cues, experts said.
Primary Market | Five companies will be raising Rs 2,700 crore through initial public offerings next week.
Megatherm Induction's IPO received a strong response from investors, with a subscription rate of 190 times. The company is set to finalize the IPO allotment today. Investors can check the status of the Megatherm Induction IPO allotment on the official website of the registrar, Bigshare Services. In the unlisted market, Megatherm Induction shares are trading at a premium of Rs 135, compared to the issue price of Rs 108.