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JSW Paints wants to grow and expand aggressively

JSW Paints wants to grow and expand aggressively SECTIONS Share Synopsis The company is also planning to invest aggressively in new projects and acquisitions in the near term, aiming to attain a market share of 10% from the current 1.5% and become the third largest player in India over the next few years, said the son of JSW Group chairman Sajjan Jindal. Mumbai: Parth Jindal-led JSW Paints is expanding its footprint to northern and eastern regions to become a pan-India player and has plans to go public by 2025. The company is also setting up operations in the Middle East and Italy. “Last year we were only present in the South. This year we have launched in the West, and now we are launching in the North and in the East, and by Diwali, we will become a pan-India player,” managing director Jindal said.

listing gains: Strong listing gains driving retail investors by hordes to IPOs

Retail subscription in the latest two IPOs – Zomato and Tatva Chintan Pharma – is an evidence of their voracious appetite. Both the issues saw more than 32 lakh applications each, almost 5% of the total demat accounts in India. In the case of much-awaited Zomato, the retail category was lapped up within a couple of hours of the issue last week despite mixed commentary about its prospects. The earlier two IPOs – Clean Science and GR Infraprojects – saw 23.5 lakh and 20 lakh applications, respectively, from retail investors. IPOs of 2021 such as Indigo Paints, RailTel Corporation, MTAR Technologies, Laxmi Organic and Nazara Technologies saw more than 20 lakh applications each from retail investors, a consistent trend that was never seen before.

zomato share listing zomato ipo, zomato share profit, zomato shares | जोमैटो का शेयर 115 पर लिस्ट होकर 138 रुपए पर पहुंचा, एक लाख करोड़ रुपए से ज्यादा हुई मार्केट वैल्यू

zomato share listing zomato ipo, zomato share profit, zomato shares | जोमैटो का शेयर 115 पर लिस्ट होकर 138 रुपए पर पहुंचा, एक लाख करोड़ रुपए से ज्यादा हुई मार्केट वैल्यू
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Stock Market: Investors Prize: Most of the cos that listed last year trade in the green

Mumbai: Investors who have put in money in companies making a debut on the stock market over the last one year and remained invested are likely to have made a small fortune. Data compiled by ETIG Database show that out of the 38 companies that have listed on the main exchanges in the last one year, 34, or nearly 90% of them, are trading above their final offer prices. Happiest Minds Technologies has gained close to 800% over its issue price. Cloud communications service provider Route Mobile is the second-highest gainer rallying over 500% since listing in September. It is one of the two stocks which have seen more than 500% gain over issue price since listing in the last one year. Overall, 10 companies have gained over 100% from their IPO prices. Around half of these 38 companies have gained at least 50%.

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