Vibhor Steel Tubes debuts the bourses on a bumper note with an 181% premium at Rs 425 on February 20. The company opened bidding for retail investors on February 13 and closed on February 15. The company raised 72.17 crore by offering a total of 4.8 million shares.
The company’s shares were seeing a premium of 93% in the grey market. It is an illegal market where shares exchange hands before getting listed on the bourses.
The company got listed on both the bourses NSE and BSE. The company set the IPO’s price band at Rs 141 to 151 per equity share and kept the minimum lot size of 99 shares aggregating to Rs 14,949.
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Read moreThe government will formulate a strategy to achieve self-sufficiency in oilseeds — mustard, groundnut, sesame, soybean and sunflower — and expand usage of nano diammonium phosphate (DAP) fertiliser to reduce import dependence.
“Atmanirbhar Oilseeds Abhiyan will cover research for high-yielding varieties, widespread adoption of modern farm techniques, market linkages, procurement, value addition and crop insurance,” finance minister Nirmala Sitharaman said on Thursday. India imports around 56% of its domestic edible oil consumption of around 25 million tonne (MT).
According to the Solvent Extractors Association of India, the country’s import of palm, soybean and sunflower oils rose 17% to a record 16.47 MT (valued at Rs 1.38 trillion) in the 2022-23 …
Read moreDomestic retail investors have increased stake in fintech major Paytm to 12.85% as on December 31 from 8.28% a quarter ago, the company disclosed in an exchange filing on Saturday.
The portion of domestic institutional investors rose to 6.06% from 4.06% in the second quarter, owing to increased investment from mutual funds.
Mutual funds have increased their stake in Paytm by 2.2% to 4.99% in the reported quarter, led by investment from Mirae Mutual Fund and Nippon India Mutual Fund.
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