But not all of these shares will be for sale as a sizable portion of these is also held by promoters and groups, Nuvama has said. DOMS Industries will see 6 percent and India Shelter Finance 3 percent stake free up on January 17
Profitmart is bullish on Ratnaveer Precision Engineering has recommended buy rating on the stock with a target price of Rs 231 in its research report dated October 30, 2023.
The fees charged by investment banks to manage initial public offerings (IPOs) have increased to an average 3.23 per cent of the issue size this calendar year, the highest since 2020.
The average fee is up 8 per cent compared to last year, when it stood at 2.99 per cent.
The investment banking fees have increased as the average IPO size has shrunk this year.