Vishal Mega Mart’s ₹8,000 crore IPO, entirely an OFS, saw strong interest from non-institutional investors, reaching 1.53 times subscription. Priced at ₹74-78 per share, the IPO received a ‘subscribe’ rating from analysts, citing the company’s loyal customer base and diverse brand portfolio. The IPO closes today, with allotment expected on December 16.
Sugar stocks rally continues: Balrampur Chini, Dhampur Sugar, Uttam Sugar Mills rally up to 4%. Two big triggers
Sugar stocks rallied as domestic sugar prices surged sharply over the past month. Government data showed retail prices rising from Rs 48.18/kg on July 20