Indian Emulsifier shares debuted on the NSE SME platform on Wednesday, opening at Rs 430, a significant premium of 225.8% compared to the issue price of Rs 132. The IPO, consisting of 32.11 lakh fresh equity shares, garnered immense investor interest, with a subscription rate exceeding 450 times at the close of the offering.
Gold demand in India seen falling as prices surge, investment buying rises
India’s gold consumption is projected to drop to 650–700 tonnes this year as a sharp price rally hurts jewellery demand. Investment buying remains strong, with