SD Retail’s SME IPO opened for subscription today and will close on September 24. The company aims to raise Rs 65 crore through a fresh equity issue of 49.60 lakh shares, priced between Rs 124-131 each. The proceeds will fund new brand outlets, working capital, and general corporate purposes.
Jefferies views IndiGo as unique and strong franchise, raises target price to Rs 5,260
The IndiGo stock has underperformed following a significant miss in the company’s 2Q results, driven by higher costs impacting profitability. However, Jefferies expects cost normalization