SBFC Finance has fixed price band at Rs 54-57 per share for its initial public offering.
The EBITDA of the company stood at Rs 11,369.10 crore in the June quarter.
The fund hopes to tap stocks across the transport and logistics spectrum and that would include stocks from automotive, shipping & ports, ecommerce, rail/road/cargo, airports, among others.
20,000 remains a major resistance for the Nifty
The local currency began at 82.22 against the dollar, slightly improving from its previous close of 82.25 on Friday.
Shift is in the length of the pause
Brent crude futures were down 9 cents to $84.90 a barrel, while West Texas Intermediate crude was down 17 cents to $80.41 a barrel.
The big positive for the markets is that most of the macros appear to be favorable.
Spot gold was down 0.2% at $1,956.02 per ounce, while US gold futures were down 0.3% at $1,955.40 per ounce.
Bond Yields, Dollar, and Crude Oil spike In the week
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