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The company also stated that it won a favorable ruling from the High Court of Punjab and Haryana.

The IPO will consist solely of a fresh issue of shares, with no offer-for-sale component.

The dollar index increased by almost 0.5% to 107.06, briefly reaching 107.12, its highest level since November 2022.

This marks the company's second attempt to go public, as it had previously filed draft papers with Sebi in August 2021 for an IPO but postponed the offering due to uncertain market conditions.

Spot gold was down 0.2% at $1,824.10 per ounce, falling for the seventh session in a row to its lowest level since March 9. Futures for U.S. gold decreased 0.4% to $1,840.50.

The IPO will consist of a fresh issue of 72.45 lakh equity shares and an offer-for-sale (OFS) of 35.55 lakh shares by the promoter group.

The latest week to September 29, 2023 was a week when the Nifty closed just about 18 bps lower.

Some good news on the fiscal deficit front in August

Asian equities fell on Tuesday after the Fed Reserve’s views on US interest rates.

Here are some of the stocks that may see significant price movement today.