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The Transrail Lighting IPO has generated significant investor interest, being subscribed 80.80 times by December 23, 2024, at 5:00 PM IST. This strong demand, which saw 112.44 crore bids for the 1.39 crore shares on offer, reflects confidence in the company’s potential in the power transmission and distribution (T&D) sector. This blog delves into the…
The Mamata Machinery IPO, with a valuation of ₹179.39 crore, has officially closed for subscription, following an outstanding response from investors. The offering, which opened on Thursday, December 21, and closed on Monday, December 23, saw an overwhelming demand across all investor categories. The IPO’s subscription reached a remarkable 194.95 times, signaling strong investor confidence…
The highly anticipated DAM Capital Advisors IPO, valued at ₹840.25 crore, opened for subscription on December 19 and is scheduled to list on the NSE and BSE on December 27. This IPO, entirely an offer-for-sale (OFS) of 2.97 crore shares, has generated significant interest in the market. The DAM Capital IPO allotment status is expected…
Unimech Aerospace IPO Opens Today: Key Details and Recommendations Unimech Aerospace and Manufacturing, a leading player in aerospace and defense engineering solutions, has opened its initial public offering (IPO) for public subscription today, December 23, 2024. The company plans to raise ₹500 crore through a combination of a fresh issue and an offer for sale…
Indian-American Tech Leader Sriram Krishnan Appointed Senior White House Advisor on AI In a significant move to bolster U.S. leadership in artificial intelligence (AI), President-elect Donald Trump has named Indian-American entrepreneur and tech innovator Sriram Krishnan as the Senior White House Policy Advisor on AI. The announcement, made on Monday, highlights the administration’s focus on…
Dr Reddy’s Laboratories has emerged as the top performer on the Nifty 50, gaining over 3% on December 20, 2024. The stock extended its winning streak to a third consecutive session, recording an impressive 9% rise during this period. The consistent uptrend has been fueled by increased trading volumes and positive market sentiment around the…
Siemens India share price took a significant hit on December 20, 2024, with a 9% drop in midday trading. The sharp decline followed a disappointing earnings call where Siemens revealed that private sector capital expenditure (capex) had failed to show any meaningful growth. This news raised concerns among investors, especially as it was coupled with…
International Gemmological Institute (IGI) shares made a remarkable debut on December 20, 2024, listing with a 22% premium over its IPO price on the National Stock Exchange (NSE). The diamond grading firm’s stellar listing follows a robust response from investors, with its ₹4,225-crore public issue being oversubscribed by an impressive 34 times. Impressive Listing Gains…
Nacdac Infrastructure IPO Allotment Set to Be Announced Following Record-Breaking Subscription The eagerly anticipated allotment of Nacdac Infrastructure IPO shares is due today, following a massive oversubscription of nearly 2,000 times. The Rs 10.01 crore SME IPO has been the talk of the town, grabbing attention across the market for its unprecedented demand. Key Details…
Gold prices dipped 0.91% on December 19, 2024, closing at ₹75,696 per 10 grams, according to data from the Multi Commodity Exchange (MCX). This decline marks a significant drop compared to the previous day, reflecting the yellow metal’s recent market volatility. Despite the dip, Gold prices remain 19.96% higher than their levels at the start…