The bank had already garnered ₹157 Crore from anchor investors on February 6, a day preceding the IPO launch.
According to the announcement, this is the largest order ever signed by an OEM (Original Equipment Manufacturer) for a wind project in India.
Private banking stocks bore the brunt of the market sentiment, with Axis Bank, ICICI Bank, Kotak Mahindra Bank, and HDFC Bank
PowerGrid jumped over 5%, with SBI, TCS, and HCL Tech following suit with gains of over 1% apiece.
The potential block deal could involve Yes Bank shares worth ₹5000-7000 Crore, and no taxes are expected to be applicable on the sale, according to sources.
GMR Power's revenue experienced a YoY decline of 38.2% to ₹168.7 Crore
The price band for the Rashi IPO is fixed at ₹295 to ₹311 per equity share
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