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IPO● Neutral for Indian equities
Royal Chain and Technopaints file IPO papers; reported fundraising target is ₹1,500 crore
The brief
- Economic Times reports Royal Chain and Technopaints are targeting a ₹1,500 crore fundraise
- Moneycontrol reports Royal Chain’s IPO alone targets ₹1,000 crore
- Potential listings add jewellery and paint businesses to India’s IPO pipeline
- Retail trade, banking lead as 10 services sub-sectors clock double digits in July
- Services growth figures differ: reports cite 10 or 17 sub-sectors growing double digits in July
- This jewellery stock stages major turnaround, rebounds over 400% in three years; what’s behind the rally?
- SRIT India IPO subscription figures differ on day one
- AceVector IPO subscribed 64% so far on Day 2; retail portion fully booked