The India Stock Market and IPO sector had few things to cheer and few were purse breaking. In the IPO front Nuvoco Vistas Corporation’s initial public offer (IPO) to raise Rs 5,000 crore is likely to open on August 9, according to reports coming in now. Further details are expected to be available at an analyst call scheduled later on Wednesday, August 4. The company might set a price band of Rs 560-570 per share for the IPO.
Windlas Biotech Initial public offering (IPO) is subscribed 89 % so far on August 4, the first day of bidding. The issue according to the markets has received bids for 54.32 lakh equity shares as against 61.36 lakh shares offered, as per the subscription data on the exchanges.
Meanwhile, Vitrified tiles maker Exxaro Tiles’ initial public offer (IPO) was fully subscribed on Wednesday, the first day of the bidding process. The IPO, which began for subscription on Wednesday and will end on Friday, August 6, is expected to raise Rs 161 crore for the firm. For the public offering, the Gujarat-based company has established a price range of Rs 118-120 per share.
Bharti Airtel shareholders were dissappointed today as the share price dropped on Wednesday, a day after the telecom major’s earnings for the June quarter showed its profit fell short of the Street expectations. The stock fell as much as 1.76 percent in morning deals to Rs 570 apiece on the BSE.
Shares of Shipping Corporation of India Ltd (SCI) reported a 112.52 percent decline in consolidated net profit for the first quarter of the current fiscal. The stock went lower by 2.62 percent to Rs 109.55 on BSE.
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