Sai Life Sciences’ IPO saw an 84% subscription rate on its first day. Institutional investors showed strong interest. The IPO aims to raise Rs 3,042 crore. The company plans to use the funds for debt repayment. Analysts are cautious due to the IPO’s high valuation. The offer includes a large OFS component. The IPO closes on December 13.
Jupiter Wagons shares rally 8% on Rs 1,140 crore Railway Board order
Jupiter Wagons shares rallied over 8% after securing a Rs 1,140 crore Railway Board order for 2,583 wagons. The company expects additional order inflows of