NR Vandana Textile is set to debut on the NSE SME platform today after a successful Rs 9.49 crore IPO that was oversubscribed 101 times. The IPO price was fixed at Rs 45 per share, with grey market premiums suggesting a listing price of around Rs 54, potentially offering investors a 20% gain.
Dharmesh Shah sees strong support at 25,500–25,700; expects Nifty to rebound towards 26,100 soon
Indian markets saw pressure with Nifty dipping below key support. Analysts believe this is a healthy correction within a bull trend. Nifty is expected to