SPP Polymers’ shares debuted on the NSE SME platform with a 6.78% premium, listing at Rs 63 against an issue price of Rs 59. The IPO saw a strong investor response, being subscribed over 40 times. The company plans to use the proceeds for loan repayment, working capital, and general corporate purposes.
India, Taiwan ETFs see record outflows before Asia stock rebound
US-listed ETFs tracking India and Taiwan saw record outflows in March amid currency weakness, rising yields and energy concerns. Despite this, Asian equities rebounded sharply