Considering all the parameters we recommend conservative investors to book profit on the listing day while those who wish to add can wait and track its post-listing performance before taking any action
Of the proceeds, Sona Machinery plans to allocate Rs 28.91 crore for establishing a new manufacturing unit at Ghaziabad and Rs 2 crore for repaying the outstanding amount of the letter of credit.
The initial public offer (IPO) of Popular Vehicles was subscribed 18% so far on Tuesday, the first day of the bidding process. The issue received bids for 25 lakh shares as against 1.44 crore shares on offer.
The silent debut was aligned with market expectations as the company s Rs 2,500 public offer, which was the biggest in 2024 so far, received tepid response from investors.
Krystal Integrated Services anchor bidding will open on March 13 and the issue will close on March 18. Basis of allotment will be on March 19, credit of equity shares to dematerialized accounts will be on March 20. The stock will list on exchanges on March 21.