News Overview

The IPO, with a total offer size, is set at Rs 1,459.32 crore, and it consists only of an offer-for-sale (OFS) by existing shareholders.

Zen Technologies shares increased by 2.75% to Rs 535 following a substantial block deal

The IPO comprises a fresh issue of shares worth Rs 800 crore and an offer-for-sale (OFS) of shares worth Rs 400 crore by investors

DOMS Industries specializes in designing, developing, producing, and marketing a wide variety of stationery and art products under its flagship brand, "DOMS."

The IPO is scheduled to be open for subscription from December 20 to 22, with the anchor book launching on December 19.

The expansion primarily relies on the franchise model, with ambitions to establish more than 500 stores, competing with rural-focused chains like V-Mart Retail

The ban is imposed when the open interest (OI) on a stock surpasses 95% of the market-wide positions limits (MWPL). It is lifted only if the OI falls below 80%

Commercialisation and ramp-up of new technologies over longer term is to be seen.

The long-delayed InvIT for the initial set of seven HAM assets is targeted for listing in Q4FY24 and will provide a rvehicle for churning the current portfolio of 31 HAM assets.

Kumiai also highlights the pressure from destocking and countermeasure against generic products in Australia and Argentina.