The IPO allocation breakdown reserves 15% of shares for non-institutional investors (NII), 35% for retail investors, and 50% for qualified institutional buyers (QIB).
The airline intends to "clean up its balance sheets" during the following two quarters, Ajay Singh continued.
The Indian stock market saw a significant recovery on June 5th, 2024, after experiencing a steep decline the previous day.
Foreign institutional investors (FIIs) net sold equities worth ₹12,436.22 Crore on June 5, while domestic institutional investors net sold shares worth ₹3,318.98 Crore.
The FMCG index performed well on Tuesday and Wednesday, with HUL leading the way on both occasions.
The stock fell about 17% on the day of the count in response to the election results.
The pilot plant is designed to produce 0.2 tonnes of biogas daily.
In February, Kotak Mahindra Bank announced Zurich Insurance's plan to acquire a 70% stake in the insurance company for ₹5,560 Crore in a single tranche.
The offer is split around 50% for qualified institutional buyers, 15% for non-institutional investors, and 35% for retail buyers.
There seems to be a logical reason for money to gravitate from large cap funds to equity weight index funds
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