On the last day, the portion for retail investors has been subscribed 16.99 times, the portion for non-institutional investors (NII) has been booked 46.21 times, and the portion for qualified institutional buyers (QIB) has been booked 32.09 times.
According to Tata Motors, the demerger initiative comes at a time when its commercial vehicle, passenger vehicle (including electric vehicles), and luxury vehicle (Jaguar Land Rover) businesses have been implementing distinct growth strategies. Since 2021, these divisions have operated independently under their respective CEOs.
Among sectors, the Metal index saw a rise of 1.38%, followed by the FMCG index with a gain of 0.98%. Conversely, the Oil & gas index recorded a decline of 1.20%, and the Bank, Private Bank, Auto, and Realty indices closed in negative territory.
The initial optimism in the market can be attributed to the rally in global markets, which followed after US Federal Reserve Chairman Jerome Powell reiterated the possibility of rate cuts this year and dismissed the near-term risks of an economic recession.
This positive news propelled the shares of Zydus Lifesciences, witnessing a rise of up to 2.08% to reach a 52-week high of ₹982.1 apiece on the BSE, consequently elevating the company's market valuation to over ₹99,000 Crore.
CRISIL expects broad-based margin expansion in FY24 amid easing input cost inflation and steady volume growth.
The 2.9 Crore equity shares with a face value of ₹10 apiece that were approved for allotment to qualified institutional buyers (QIBs).
The listing date for the RK Swamy IPO is scheduled for March 12, while the refund process for investors who were not allocated shares will commence on March 11. Investors who have been allotted shares will receive them in their demat accounts on the same day.
On March 06, 2024, the Fed Chair, Jerome Powell testified before the Committee on Financial Services, US House of Representatives (US Congress) on the half year monetary policy.
Throughout the three days of the Mukka Proteins IPO, investors showed a great deal of demand.

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