The non-institutional investors or high net worth investors category was subscribed 5.05 times. The IPO comprised a fresh issue of up to ₹1,250 crore and an offer of sale up to ₹4,180 crore by promoter, Goswami Infratech.
India’s central bank is expected to cut its key policy rate by 0.25% in December to support slowing economic growth. A Reuters poll shows a
Prestige Estates Projects reported a 77.4% YoY decline in net profit due to tax changes, while revenue rose 3%. Shares closed at Rs 1,606.5, with
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