Go Digit Insurance’s IPO was subscribed 50% on the second day of the bidding process. Retail portion was oversubscribed at 2.03 times, while non-institutional investors’ portion reached 0.48 times. Qualified institutional buyers’ participation awaited. IPO closes on May 17.
Japan’s stock market opened higher, but South Korean shares fell and equity index futures for Hong Kong were down. US futures edged higher after the
Indostar Capital Finance surged 15% in a month, outperforming the BSE Financial Services index. The NBFC improved asset quality, expanded its vehicle loan portfolio, and
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