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Updater Services, headquartered in Mumbai, is set to launch its Rs 640-crore public issue for subscription on September 25, featuring a price range of Rs 280-300 per share.
By the day's end, PSU banks and automobiles managed to sustain early gains while information technology, metals and pharma remained under pressure.
FIIs sold equities worth Rs 3,007.36 crore on Thursday.
The initial public offering comprises fresh issuance of shares worth Rs 400 crore and an offer-for-sale (OFS) of 80 lakh equity shares by promoter and investors.
The SaaS-based fintech platform successfully generated Rs 563.38 crore through its public offering, pricing its shares at the upper limit of the price range set at Rs 156-164 per share.
Globally, US markets closed lower after a broad sell-off on Thursday.
For the week, both the Sensex and Nifty have recorded a decrease of approximately 2%, following a 2% increase each and reaching all-time highs in the previous week.
Unmanned aerial vehicle (UAV) systems used for security and surveillance are the primary products and services that the company manufactures and markets.
The IT sector suffered the most, dropping about 1%, with major companies like HCL Tech and Tata Consultancy Services being the top losers
In revenues, LTTS has crossed USD1bn and aspires to reach USD1.5bn revenue run rate by FY25.