The IPO comprises a fresh issue worth Rs 660.7 crore and an offer for sale (OFS) of Rs 221.9 crore, taking the total issue size to about Rs 883 crore. The price band has been fixed at Rs 144-152 per share.
HEG shares opened nearly 64% lower on Monday as the stock adjusted for the company’s demerger, which split its businesses into two separately listed entities.
IFCI shares rallied 6% after Sebi approved NSE’s much-awaited IPO, clearing a key hurdle for the exchange’s listing. IFCI has indirect exposure to NSE through
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