The Laxmi India Finance IPO, open for bidding from July 29 to 31, is a book-built offering with a price band of Rs 150–158 per share. The issue includes a fresh equity issuance of 1.04 crore shares aggregating Rs 165.17 crore and an OFS of 56.38 lakh shares valued at Rs 89.09 crore by existing shareholders.
Will RBI rate hikes intensify selloff in bank stocks? Analysts explain why fears may be overdone
Bank shares have endured steep declines as investors brace for imminent interest rate hikes from the RBI. Some analysts suggest that the recent selloff may