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Common Mistakes with IPO: The most common mistake an investors make that can be a trap and hinder your financial success is following the herd mentality
Tridhya Tech's IPO, offering up to 62.8 lakh equity shares, will be open for public subscription from June 30 to July 5. The shares are priced at Rs 35-42 apiece with minimum bids of 3,000 shares per lot. Tridhya Tech provides software development services, including turnkey consultancy, to various industries like e-commerce and real estate. The net proceeds will go towards repaying secured and unsecured loans and other corporate expenses. Around half of the issue is reserved for qualified institutional buyers. The company's shares will likely get listed on the NSE Emerge platform on July 13.
The selling pressure may continue for few more sessions amid consolidation, but large correction is unlikely due to favourable domestic economic conditions and fall in global commodity prices, experts said
Here are the key economic data releases in India and from around the world to get you started for next week.
Seven public issues, including three mainstream IPOs and four SME IPOs, are set to hit the Indian markets this week. IdeaForge will open its much-awaited IPO for subscription on June 26th, offering equity shares of up to INR 240 crore and an offer for sale of 48.6 lakh shares. Meanwhile, Cyient DLM's IPO, offering equity shares for Rs 250-265 a piece, will open on June 27th while PKH Ventures will bring in an initial offering of up to 1.82 crore shares on June 30th. The SME space will also see four IPOs worth INR 107 crore in total.