News Overview

The IPO comprised a combination of fresh equity worth ₹400 Crore and an offer for sale (OFS) of up to 1.25 crore shares by promoters and investors.

The IPO, comprising a fresh equity issue worth up to ₹1,000 Crore and an offer for sale (OFS) of up to ₹2,000 Crore, attracted significant investor interest, closing nearly 26 times oversubscribed.

On May 10, Cipla announced a 10% increase in revenue to ₹6,163 Crore and a 79% increase in fourth-quarter profit to ₹939 Crore.

The moderate pace of increase in April was caused by a high base brought on by the rapid growth in the previous two years, which impacted the year-over-year comparison.

Despite the ban in the F&O segment, these stocks can still be traded in the cash market

According to exchange filings on May 14 evening, the company allotted 4.32 Crore shares at ₹272 apiece to these anchor investors.

Check out the price of Petrol and Diesel in your city today.

At $82.71 per barrel, Brent crude futures were up 34 cents, or 0.4%. U.S. West Texas Intermediate crude futures (WTI) had increased 38 cents, or 0.5%, to $78.39 per barrel.

Here are some of the stocks that may see significant price movement today: Bharti Airtel, Mahindra and Mahindra, Siemens, Shree Cement, etc.

Spot gold was down 0.1% at $2,355.24 an ounce. Silver prices increased by 1% on Tuesday. Gold futures were stable at $2,361.10.