Vishal Mega Mart’s ₹8,000 crore IPO, entirely an OFS, saw strong interest from non-institutional investors, reaching 1.53 times subscription. Priced at ₹74-78 per share, the IPO received a ‘subscribe’ rating from analysts, citing the company’s loyal customer base and diverse brand portfolio. The IPO closes today, with allotment expected on December 16.
Jio Platforms gets first Buy call! Nomura says ‘disruptor now the leader’; starts coverage with Rs 1,340 target
Shares of Jio Platforms listed at Rs 1,359 on BSE and NSE, a premium of 21% over the IPO price. Nomura set a target price