The IPO consists of a fresh issue of 2.87 Crore shares, aggregating ₹1,291.40 Crore, and an offer for sale (OFS) of 3.42 Crore shares, totaling ₹1,539 Crore.
The IPO will follow the book-building process, with 75% of the issue available to institutional investors and 25% to non-institutional investors.
Here are some of the stocks that may see significant price movement today: LTIMindtree, ICICI Prudential, and Bharti Airtel, etc.
Australia's and Japan's equity indexes fell on Wednesday, while US stock futures saw a negative trend as well.
The company will use fresh issues to acquire multiple premises and fund capital expenditure.
The IPO consists of a fresh issue of 25.59 lakh equity shares totalling Rs 135.34 crore and an offer for sale (OFS) of 6.16 lakh shares.
For July 2024, equity, hybrid, and passive funds saw maximum AUM gains from their equity exposure
In FY24, Paramount TPA collected ₹3,866 Crore in premiums from the group and retail divisions, resulting in a revenue of ₹153 Crore.
Top Nifty gainers included SBI Life Insurance, Maruti Suzuki, Bajaj Finserv, Shriram Finance, and HDFC Life.
The transaction's formal buyers and sellers have yet to be determined. The corporation will hold its annual general meeting on September 5, 2024.
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