As the company continues to invest in new businesses amid a soft consumption environment, debt levels are expected to rise further in FY24.
Spot gold remained unchanged at $1,900.49 per ounce, barely off its Tuesday-touched low of August 23. To $1,918.20, U.S. gold futures declined by 0.1%.
During the subscription period, the IPO garnered significant investor interest, with an overall subscription rate of 12.5 times.
The issue price for the issue was Rs 222.
The price band for the public issue, which closes on September 27, is set at Rs 113-119 per share.
The price band for the offer is set at Rs 280-300 per share
Vaibhav Jewellers aims to raise Rs 270.20 crore through the initial public offering, comprising a fresh issue of Rs 210 crore in shares by the company and an offer-for-sale (OFS) of Rs 60.20 crore
The price band for this IPO is set at Rs 133-140 per share.
The net proceeds from the fresh issue will be channeled into enhancing Fincare Small Finance Bank's Tier-1 capital base to meet future capital requirements.
The price band for the offering is set at Rs 280-300 per share

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