The IPO of Aeroflex Industries saw a robust response, driven by healthy demand across categories. The issue was subscribed 97 times overall at close. The qualified institutional buyer category was the most subscribed at 194.7 times, followed by the non-institutional investors’ portion with 126.10 times bids. The reservation shareholders’ portion was subscribed 28.51 times, whereas the retail part was subscribed 34.35 times.
Will RBI announce steep rate hikes? Nomura sees up to 50 bps increase by Dec, dismisses 125 bps hike fears
Nomura expects the RBI to pursue a limited tightening cycle, with a possible 50 bps rate hike by December, as food and energy pressures rise