Indo MIM and Laser Power & Infra have filed draft papers with Sebi for IPOs worth over Rs 2,200 crore. Proceeds will primarily go toward debt repayment and growth, with both firms leveraging strong industry positioning and robust financial performance.
Sensex, Nifty rally over 1% as IT stocks drive broad-based market gains
Indian stock gauges rose over one percent on Wednesday. Overseas fund flows are expected to shift into local technology companies. The Nifty and Sensex closed