The issue was subscribed just 53% during December 23-27, but the IPO was sailed through after the company reduced its offer-for-sale component.
On Nifty, the IT and Metal index underperformed by tumbling around 0.56% and 0.75% respectively.
Here are some stocks that may show significant price movement today.
US equity markets ended the day in red yesterday.
Railways achieve Freight loading of 1109.38MT till December 22.
The company is selling its shares in the range of Rs 61-65 apiece between December 30 to January 4.
Market size of Azacitidine injections in US in 2022 was $ 46 million
On the sectoral front, banking index outperformed the counterparts.
India’s chemical sector has generated significant value for investors over the past decade, thanks to ‘China+1’ and favorable pricing tailwinds post COVID. However, with supply chain issues expected to ease in 2023 and low demand visibility in exports (non-agchem), analysts at IIFL Capital Services believe it is time to be selective on stock picking.
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