According to earlier estimates by Edelweiss Alternative and Quantitative Research, Adani Enterprises’ inclusion into Nifty may lead to inflows of $183 million into the stock. Adani Enterprises will be the second stock from Gautam Adani’s stable to be included in the Nifty50 index after Adani Ports and Special Economic Zone.
Kusumgar IPO Day 3: Issue ends subscription with 129x bids; GMP signals 38% listing upside
Kusumgar’s Rs 650-crore IPO concluded with overwhelming investor demand on its final day. Non-Institutional Investors and Qualified Institutional Buyers showed significant interest in the offering.