Omnichannel furniture seller Pepperfry is looking to file its draft initial public offering (IPO) papers with the Securities and Exchange Board of India (Sebi) between October and December, and aims to list on the stock exchanges next year, according to a person aware of the matter.”They are looking to file the draft red herring prospectus (DRHP) in the subsequent quarter,” the source said, adding that the company would take a final call by November.
Bank stocks fall up to 4% after RBI repo rate cut; gold loan NBFCs hit hard
Public sector banks were among the biggest losers, with Bank of India, Union Bank of India, Indian Bank, and Bank of Baroda dropping nearly 4%.