The week saw the budget fine print causing havoc in the markets on the first two days. These were the tax on buyback and the higher surcharge on income above Rs 2 crs. FPI’s have got covered under this section and the same created heartburn and panic in the markets. While the markets did recover […]
Archive for the ‘IPO’ Category
Tax On Buyback And Additional Surcharge On FPI’s Hurting Markets
July 15th, 2019
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Budget to Prove Positive for Markets in the Medium Term
July 8th, 2019
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The week gone by consisted of two distinct phases with the first four days of trading forming the first half and Friday, the day that the budget was presented forming the second half. Markets gained on all four trading days of the first half including expiry of futures for June series. It fell on Friday […]
Indiamart Intermesh Limited – Debuts with Gains of Over 33%
July 5th, 2019
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Indiamart Intermesh Limited (Indiamart) which had tapped the capital markets with its offer for sale of 48,87,862 equity shares listed on the bourses and had a great performance gaining 33.84% on debut. The company had earlier completed allocation to anchor investors and had allotted 21,95,038 equity shares to 15 anchor investors comprising of 28 entities. […]
