As stated in the Draft Red Herring Prospectus (DRHP), the upcoming IPO will consist entirely of an offer for sale (OFS) of up to 19.63 million.
In September 2018, the pen maker filed Rs 450-crore IPO papers with the SEBI.
Here are some stocks that may show significant price movement today.
Improvement in asset quality likely
In the previous week to July 07, 2023, the Nifty had faced stiff resistance in the range of 19,400 to 19,500.
If the first half of July 2023 is anything to go by, the FPI flows look all set to better the massive flows of May and June 2023.
The week to July 14, 2023 saw a strong performance, with bulk of the index returns being triggered by the unprecedented IT stocks rally on Friday.
The week to July 14, 2023 also saw 3 very important data points announced with had a bearing on the Fed stance and impacted the CME Fedwatch considerably.
Profitability expected to remain strong
Healthy performance expected
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