The public offer received tremendous response from investors with total subscription at 262 times at close. The retail portion of the IPO was subscribed 264 times and the NII part was booked 489 times. Meanwhile, the category reserved for QIBs was subscribed 89 times.
We identified 12 stocks that gained on all five days, delivering cumulative returns ranging from 10% to 30% during the period.
India’s largest private lender HDFC Bank has submitted the names of two candidates to the Reserve Bank of India for the position of managing director
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