At the upper price range of ₹452 per equity share, 36 anchor investors contributed ₹548.77 crore to the Indegene IPO on Friday, May 3.
Read MoreAt the upper price range of ₹452 per equity share, 36 anchor investors contributed ₹548.77 crore to the Indegene IPO on Friday, May 3.
The company may consider a pre-IPO placement of up to 40 lakh equity shares, which would result in a reduction of the fresh issue size if completed.
15% of shares are reserved for non-institutional investors, up to 50% for institutional buyers, and 35% for retail investors.
The IPO consists of an offer for sale (OFS) of up to 2.93 Crore equity shares by current investors, along with a new equity issue of up to ₹750 Crore.
For the period of April to December 2023, the Chennai-based microfinance firm reported a profit of ₹235 Crore with a revenue of ₹1,283 Crore.
Swiggy's IPO is expected to include a mix of fresh issuance of shares worth ₹3,750 Crore and an offer-for-sale (OFS) of shares worth ₹6,664 Crore.
Indian benchmark indices Sensex and Nifty 50 closed lower on Tuesday, extending their losing streak to the second day.
The rejection was attributed to a lack of consensus among the broker community, as stated by Chauhan. Consequently, the plan to extend trading time is currently on hold.
Realty and metals sectors suffered the most, both recording over a 2% decline, while other sectors were also in the red except for Nifty FMCG, which saw a 2% increase.
As per the data released on Friday, the United States' job growth slowed down in April more than anticipated.
Indian benchmark indices Sensex and Nifty 50 closed lower on Tuesday, extending their losing streak to the second day.
The rejection was attributed to a lack of consensus among the broker community, as stated by Chauhan. Consequently, the plan to extend trading time is currently on hold.
Realty and metals sectors suffered the most, both recording over a 2% decline, while other sectors were also in the red except for Nifty FMCG, which saw a 2% increase.
As per the data released on Friday, the United States' job growth slowed down in April more than anticipated.
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