Oswal Pumps’ Rs 1,387 crore IPO saw 36% subscription on its second day, driven by strong interest from retail and non-institutional investors. The IPO includes a fresh issue and an offer for sale, with the company raising Rs 416 crore from anchor investors.
High margin requirements will discourage undue speculation in electricity futures: Sebi Chief Pandey
A high initial-margin requirement will discourage “undue speculation” in the newly-launched electricity futures segment, Sebi chief Tuhin Kanta Pandey said on Friday.