Mamata Machinery’s IPO was highly subscribed, reaching 194.95 times, with qualified institutional buyers and non-institutional investors leading the charge. The IPO, completely an offer for sale worth Rs 179 crore, had a price band of Rs 230-243 per share. Analysts recommended subscribing due to the company’s niche market position and fair valuation.
India valuations hit 6-year low, but stocks still expensive than EM peers
India’s equity valuations have reached their lowest levels in six years after a recent market decline. Factors contributing to this decline include foreign selling, a