Northern Arc Capital’s IPO has been subscribed 10 times by the third day, with significant interest from non-institutional and retail investors. The company has set a price band of Rs 249-263 per share and raised Rs 228 crore from anchor investors. Analysts recommend subscribing due to its strong growth potential and diversified business model.
Market retreats 1.5% after record gains amid profit booking
Indian equity markets experienced a pullback on Tuesday, with the Nifty and Sensex declining by approximately 1.5% each, following a significant surge the previous day