In the grey market, Flair Writing is fetching a premium of Rs 60 ahead of the issue opening. This compares with the upper price band of Rs 304. The IPO comprises fresh issue of Rs 292 crore and an OFS of Rs 301 crore. Under the OFS segment, Khubilal Jugraj Rathod will offload shares worth Rs 76 crore, Vimalchand Jugraj Rathod will sell up to Rs 57 crore. Other selling shareholders include Nirmala Khubilal Rathod, Manjula Vimalchand Rathod.
Tech View: Nifty chart shows bearish RSI crossover. What should traders do on Thursday?
Sensex and Nifty ended with minor declines on Tuesday, pressured by IT and bank stocks. The Sensex fell 0.09% to 78,472.87, while Nifty dropped 0.11%