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Unlisted shares of Storage Technologies Racks and Rollers Ltd are trading Rs 35 higher in the grey market, expecting a 44.87 per cent listing gain from the public issue, Storage Technologies Racks and Rollers IPO Day 2: Check Subscription Status, GMP Today
In 2024, Indian primary market bucked the two-decade trend of coming to a virtual standstill before a general election with record fundraising. Several issues are likely to be launched even in May as investors and companies are less uncertain about the outcome of the elections this year.
Last week, JNK India's public offering garnered robust subscription exceeding 28 times and will get listed on exchanges this week.
In the coming truncated week, the market is expected to consolidate with a positive bias, with focus on Fed interest rate decision, corporate earnings, monthly auto sales numbers, and manufacturing PMI data, experts said.
When water vapor meets metal, the resulting corrosion can lead to mechanical problems that harm a machine's performance. Through a process called passivation, it also can form a thin inert layer that acts as a barrier against further deterioration.