Indices ended Tuesday s volatile session flat after scaling record highs earlier in the day. Broader markets, small and midcaps indices, outperformed the benchmarks ending higher.
Global shares held firm on Tuesday, with a solid foundation in place to extend their bull run to a 12th consecutive session as optimism about the global economic recovery and expectations of low interest rates drove investments into riskier assets. MSCI’s broadest index of Asia-Pacific shares outside Japan ticked up 0.1% while Japan’s Nikkei rose 0.4% to a 30-year high. S&P500 futures traded 0.5% higher to a record level. The mainland Chinese markets will remain closed for Lunar New Year through Wednesday while Wall Street was also closed on Monday. In the oil markets, prices soared to a 13-month high as a deep freeze due to a severe snow storm in the United States not only boosted power demand but also threatened oil production in Texas.
RailTel Corporation of India IPO day 1: Issue subscribed 2.63 times, retail portion booked 5 times
The company is expected to enjoy premium post listing owing to absence of major players in the listed space, said Ajcon Global. February 16, 2021 / 07:50 PM IST
The public offer of RailTel Corporation of India, the information and communications technology (ICT) infrastructure provider, has subscribed 2.63 times so far in morning on February 16, the first day of bidding.
The issue has received bids for 16.13 crore equity shares against offer size of over 6.11 crore shares, the subscription data available on the exchanges showed.
The retail investors seem strongly supportive to the issue as their reserved portion has subscribed 4.99 times, and that of employees 81 percent. The portion set aside for non-institutional investors has subscribed 75 percent, while qualified institutional buyers have not started putting their bids yet.
Heranba Industries to raise Rs 625 crore via IPO; price band fixed at Rs 626-627
The issue comprises of a fresh issue of Rs 60 crore and an offer for sale of 90.15 lakh equity shares by promoters. Heranba will utilise net fresh issue proceeds for working capital requirements. February 16, 2021 / 08:01 AM IST
Crop protection chemical manufacturer Heranba Industries is set to launch its Rs 625-crore initial public offering on February 23 at a price band of Rs 626-627. The offer will close on February 25.
The issue comprises of a fresh issue of Rs 60 crore and an offer for sale of 90.15 lakh equity shares by promoters. Heranba will utilise net fresh issue proceeds for working capital requirements.
RailTel Corporation s IPO Opens For Bidding. Here Are Things To Know The initial public offer is an offer for sale of 8,71,53,369 equity shares by the government, out of which 5 lakh equity shares will be reserved for the employees
Updated: February 16, 2021 9:58 am IST
Investors can subscribe for a minimum one lot of 155 shares and in multiples thereof, till up to 13 lots
RailTel Corporation s Rs 820 crore initial public offer (IPO) opens for subscription today i.e. February 16. The public issue will remain open for three days until February 18. The shares of RailTel are likely to be listed on the BSE and NSE exchanges on February 26.