Suraksha Diagnostic, India’s largest integrated diagnostic chain, is listing on the stock exchanges today. The IPO, which barely met its subscription target, saw a modest grey market premium of Rs 15 over its issue price of Rs 441. The company, operating across eastern India, saw revenue grow to Rs 219 crore in FY24 with profits reaching Rs 23 crore.
Sebi proposes CAS for derivative stocks to simplify pricing mechanism
Sebi has proposed introducing a closing auction session (CAS) to determine share prices, initially for derivative stocks, with plans to extend it to all stocks