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Why UBS India's Anuj Kapoor Thinks 2021 Is Primed For IPOs


Why UBS India’s Anuj Kapoor Thinks 2021 Is Primed For IPOs
Feb 18 2021, 10:57 AM
February 18 2021, 10:50 AM
February 18 2021, 10:57 AM
UBS India is confident that a “robust environment” for primary issuances is in place even as initial public offerings picked up pace only in the last quarter of the calendar year 2020.“Over the last few months, investors have made money and hence the environment is quite conducive for primary issuances through IPOs,” Anuj Kapoor, managing director of UBS India, told BloombergQuint’s Niraj Shah in an interview. Investors will lap up t.
UBS India is confident that a “robust environment” for primary issuances is in place even as initial public offerings picked up pace only in the last quarter of the calendar year 2020. ....

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Market LIVE: Sensex up 200 pts, Nifty tests 14,950; banks surge, auto stocks hit


Sensex, Nifty end higher for fifth straight day; PSU banks soar, auto stocks hit
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On Thursday, the BSE Sensex ended at 50,614.29, up 358.54 points or 0.71%. The Nifty closed at 14,895.65, up 105.70 points or 0.71%. (Photo: iStock)
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Indian indices closed higher for the fifth straight day today, with the Sensex topping the 51,000-mark and Nifty the 15,000-level intraday. The RBI kept repo rate unchanged at 4%. Nifty PSU Bank index rose 3.6%, while auto index fell 1.3%
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05 Feb 2021, 03:45:27 PM IST
Sensex, Nifty extend rally led by PSU banks; RBI stands pat on rates
Indian markets closed higher for the fifth consecutive day in a volatile session on Friday. ....

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stove kraft ipo: Stove Kraft debuts at 29% premium over issue price


Synopsis
The Rs 413 crore IPO, which ran from January 25 to January 28, was subscribed 18 times.
Analysts said that the Stove Kraft IPO was priced at 34.5 times PE on a trailing basis.
NEW DELHI: Kitchen appliance maker Stove Kraft got listed at Rs 467 on BSE on Friday, a premium of 21.30 per cent over the issue price. On NSE, the stock debuted at Rs 498, up 29.35 per cent from the issue price.
The Rs 413-crore IPO, which ran from January 25 to January 28, was subscribed 18 times, with non-institutional investors bidding 32.72 times the allocated quota of shares.
The issue comprised a fresh issue of up to Rs 95 crore and an offer for sale of up to 82.50 lakh equity shares. The price range for the offer was at Rs 384-385 apiece. Stove Kraft had raised a little over Rs 185 crore from anchor investors. ....

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