The IPO pipeline for the rest of the fiscal looks promising with some mega issues lined up. According to a report, about 26 companies proposing to raise Rs 72,000 crore are sitting on Sebi approval. Further, another 55 companies looking to raise about Rs 89,000 crore are awaiting the regulator’s nod.
Sona BLW Precision shares rise 3% on new plant launch in Manesar, Haryana
Shares of Sona BLW Precision Forgings rose nearly 3% following the inauguration of its new driveline plant in Manesar, Haryana. This development aims to meet