News Overview

The issue price includes a premium of ₹2,519 per share, aggregating a total of ₹2,999.99 crore.

The subscriptions for the IPO close on 24 December 2024.

The company aims to use the net proceeds from the IPO towards repayment of debt and for other general corporate purposes.

The dry bulk cargo terminal will have a capacity of 6.96 million tonnes per annum and be developed on DBFOT.

Monthly mutual fund SIPs exceeded the ₹25,000 crore mark for the second consecutive month, reaching ₹25,320 crore in November, slightly down from ₹25,323 crore in October.

The IGI Belgium Group and IGI Netherlands Group will be acquired with the proceeds of the new issuance

Brent crude futures dropped 41 cents, or 0.56%, to $72.47 a barrel. At $68.99 a barrel, U.S. West Texas Intermediate crude futures dropped 39 cents, or 0.56%.

Spot gold has dropped more than 2% this week and was steady at $2,594.59 per ounce. Additionally, U.S. gold futures held flat at $2,609.30.

Following significant movements in the previous session, which were triggered by a broad surge in the greenback, currencies took a break

The Nifty declined 1.02%, losing 247.6 points to close at 23,951.25, while the Sensex slid 1.2%, losing 964 points to conclude at 79,218, at the end of trade.