The qualified institutional buyers’ portion was undersubscribed at 0.11 times, while the non-institutional investor’s portion was subscribed at 1.67 times. The retail portion was subscribed 0.99 times. The company had priced its shares at ₹140-148 apiece.
Sugar stocks rally continues: Balrampur Chini, Dhampur Sugar, Uttam Sugar Mills rally up to 4%. Two big triggers
Sugar stocks rallied as domestic sugar prices surged sharply over the past month. Government data showed retail prices rising from Rs 48.18/kg on July 20