As the benchmark indices hit fresh all-time highs in the passing week, backed by consistent buying by foreign investors and favourable global cues, the momentum is reflected largely in the midcap and smallcap stocks
AccelerateBS India Limited's IPO has received a strong response from retail investors, with the subscription rate being around 4 times overall and 4.57 times in the retail portion. The IPO, listed on the BSE SME exchange, is priced at Rs 90 per share. The company provides IT services to B2B and B2C businesses globally. The IPO is expected to reduce the promoters' stake from 100 percent to 70.59 percent. The basis for share allocation will be determined on July 14, with refunds starting on July 17 and share credits on July 18. AccelerateBS India shares are set to be listed on the BSE SME platform on July 19., Markets News, Times Now