Indo Farm Equipment shares are set to debut on the exchanges with a 36% expected listing premium. The IPO received overwhelming response, with an oversubscription rate of 227.67 times. Analysts recommend profit booking for conservative investors and holding for long-term investors, considering the company’s strong market presence and expansion plans.
Sebi bans SME firm Varyaa Creations from securities market over IPO proceeds diversion
Markets regulator Sebi has restrained SME company Varyaa Creations Ltd (VCL) from accessing the securities market for alleged diversion of funds raised through its initial