Sai Life Sciences IPO opens tomorrow. Check latest GMP, price band, key dates
Sai Life Sciences’ unlisted shares traded at Rs 577 on Tuesday in the grey market, indicating a 5.1% premium over the IPO price band’s upper limit of Rs 549.
MobiKwik raises Rs 257 crore from anchor investors ahead of IPO
MobiKwik secured Rs 257 crore from anchor investors, including major funds, ahead of its Rs 572 crore IPO. The IPO, priced at Rs 265-279 per share, opens December 11-13. The company plans to use the proceeds for growth, expansion, and R&D. MobiKwik recently turned profitable after years of losses.
Sebi revises guidelines for capacity planning, real-time performance monitoring of MIIs
Markets regulator Sebi on Tuesday came out with new guidelines for stock exchanges, clearing corporations and depositories to ensure robust capacity planning and real-time performance monitoring of their critical IT systems.
MobiKwik looks well placed to take advantage of growing digital payments trend
MobiKwik is raising Rs 572 crore through an IPO to fund business expansion. The company offers online payment solutions and financial services. It has a large user base and strong growth in GMV. However, profitability remains a concern. Investors with a higher risk appetite and long-term horizon may consider the IPO.
Not impressed with China rhetoric, favouring India despite bad performance in last 2 months: Geoff Dennis
India’s economic rebound is key for attracting investment in consumer sectors. China’s stimulus measures are viewed with skepticism. The impending US policy changes under the Trump administration pose challenges for emerging markets. Investors remain cautious. India’s banks, technology, and pharma sectors are promising investment areas. The global economic environment is uncertain.
These 7 midcap stocks hit 52-week highs, rallied up to 20% in a month
Tech View: Nifty forms another Doji candle. What traders should do on Wednesday
Dr. Praveen Dwarakanath, Vice President of Hedged.in, observed that Nifty is consolidating near its resistance at 24,850. Despite forming another Doji candle, the index showed strength by recovering from an intraday drop of over 100 points.
Sebi proposes harnessing DigiLocker to reduce unclaimed assets in securities market
Markets regulator Sebi on Tuesday proposed leveraging DigiLocker, a government-backed digital document storage platform, to streamline processes and minimize unclaimed assets in the securities market.
Sai Life Sciences IPO opens tomorrow. Check latest GMP, price band, key dates
India sugar output to rebound to record next year, could revive exports
Indian sugar production is poised for a record-breaking year thanks to increased cane cultivation driven by abundant water and poor returns from other crops. This surge is expected to allow India to resume sugar exports in 2025/26, potentially impacting global sugar prices by increasing supply amidst anticipated shortages from Brazil.