Apex Ecotech’s SME IPO opens today, seeking to raise Rs 25.54 crore by offering 34.99 lakh shares at Rs 71-73 apiece. The water and wastewater management company plans to list on NSE SME. The IPO closes November 29, with allotment expected December 2 and listing December 4. Proceeds will fund working capital and general corporate purposes.
Jefferies views IndiGo as unique and strong franchise, raises target price to Rs 5,260
The IndiGo stock has underperformed following a significant miss in the company’s 2Q results, driven by higher costs impacting profitability. However, Jefferies expects cost normalization