IPO● Neutral for Indian equities
Sabari Constructions Tech files papers for IPO on NSE Emerge
The brief
- The NSE Emerge IPO will comprise up to 63 lakh fresh equity shares, with no offer for sale
- AceVector debuts 11.5% below IPO price despite 4.93-times subscription
- German Green Steel shares list at a premium, then fall below IPO price
- Orient Cables lists at ₹450, a 65.44% premium to its IPO price
- Will Nifty's 8-week losing streak trigger a relief rally but the big bottom isn't in yet
- SEBI and market institutions tease a new investor-focused initiative