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The momentum comes after inbound shipments climbed only 4.8% year on year to 305 tonnes in the first half of this year.

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The floor price for the sale is ₹433 per share, with the base issue consisting of 5.50% equity, corresponding to 1.08 Crore shares.

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The offer price is set at ₹768, a 5% decrease from the closing price of ₹808. A 12-month lock-up term will apply to selling stockholders.

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IDFC Bank and IDFC Capital First announced the completion of their merger in 2018 to form IDFC First Bank.

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Equirus Capital Private Ltd and DAM Capital Advisors Ltd are serving as book-running lead managers for the IPO.

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The organisation received the order from Sai Bandhan Infinium Pvt Ltd. According to the agreement, the project will be finished in stages by July 2025.

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The stocks under F&O ban remain tradable in the cash market despite the restriction.

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This comes after Hyundai Motor India Ltd gained license from financial markets regulator Sebi to conduct an initial public offering (IPO).

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BMCC, founded in 2011, has a renewable exploitation permission for processing phosphate ore, and Coromandel purchased a 45% interest.

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Sterling was unchanged at $1.33425. On Wednesday, it reached $1.3430 for the first time since February 2022.

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