Azad Engineering IPO will list on BSE, NSE with tentative listing date fixed as Thursday, December 28, 2023.
The project has a 25-year power purchase agreement with SECI
IT share losses offset gains in metal and power stocks, with Nifty IT being the only sectoral performer trading with cuts.
Tata Steel had earlier approved the merger of seven subsidiaries, including Indian Steel and Wire Products, in 2022
The housing project will feature the development of nearly 750 apartments, with a starting price of around Rs 4 crore per unit
The approval coincided with upcoming Assembly elections in Madhya Pradesh, Chhattisgarh, Telangana, Rajasthan, and Mizoram
The IPO includes a fresh issue of Rs 5,500 crore and an offer for sale (OFS) of Rs 1,750 crore, totaling Rs 7,250 crore.
Global interest rate hikes led to drying funding taps, creating a challenging environment for startups reliant on external funding.
2023 has been an eventful year, but several news flows had a significant impact on the Indian equity markets.
The proposed IPO comprises a fresh issue of 1.67 crore equity shares and an offer-for-sale (OFS) of 30.96 lakh shares by selling shareholders
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