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Rays of Belief IPO opens for subscription on 1 September and closes on 3 September, priced between ₹227 and ₹239 per share. With a grey market premium of +48, listing prices may reach ₹287, indicating strong demand amidst mixed expert reviews on profitability and growth risks.
The private lender stock initially rose over 2.5%; however, it pared its gains in the second half of the trading session, falling as much as 5% from its intraday high.
Shein shares fell to a low of HK$43.72, compared with the IPO price of HK$48.56 per share. According to a Bloomberg report, the pricing gave Shein a market capitalisation of slightly more than $26 billion.
Deepa Jewellers IPO day 1: As Deepa Jewellers IPO opens today, grey markets signal a promising 31% gain. The ₹459.72 crore book-build issue combines a fresh issue of about 1.41 crore shares and an offer for sale of 1.18 crore shares.
Hindustan Copper has given good returns to investors in the last one year on the back of rising copper prices. We tell you the pros and cons of investing in the stock.
Rupee jumps 16 paise to open at 95 against US dollar
Global markets today: The US stock market fell on Monday after the US and Iran traded fire for the first time in a month
Indo Tech Transformers has received a Letter of Award (LoA) worth Rs 54 crore from Waaree Renewable Technologies for the manufacture and supply of five power transformers.
Sales rise 93.10% to Rs 102.38 crore
Happy Tuesday! Tech giants Oracle and Microsoft are planning to restructure their India workforces. This and more in today’s ETtech Morning Dispatch.