Diwali had come early to Dalal Street and the FM ensured that even post Diwali there were fireworks on D Street. The announcement about recapitalisation of banks did exactly that, Markets went crazy and one saw traded volumes in banking stocks hit the roof. They were also accompanied with large deliveries. Just to talk of […]
Archive for the ‘IPO’ Category
Market PE is half that of current IPO’s – Choose between the devil and the deep sea
October 30th, 2017
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GIC RE – Listing day last hour heroics not enough – Share loses over 4%
October 30th, 2017
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Shares of GIC RE listed on the bourses and the performance was poor. Shares were issued at Rs 912 with a discount of Rs 45 to retail investors and employees. The share listed at Rs 850 on both the exchanges. The share came under pressure right away and made a low of Rs 780.25 on […]
Reliance Nippon Life Asset Management Limited – issue subscribed 81 times
October 30th, 2017
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Reliance Nippon Life Asset Management Limited which had tapped the capital markets with its offer for sale of 6.12 cr shares in a price band of Rs 247-252 was subscribed 81.54 times. The issue was subscribed 118.40 times by QIB investors, 209.44 times by HNI Investors and was subscribed 5.65 times by retail investors. There […]
