Laxmi Organic Industries Limited IPO to open on Monday, March 15, 2021
Posted On: 2021-03-09 08:59:47 (Time Zone: Arizona, USA)
Laxmi Organic Industries Limited ( Company or Laxmi Organic ), will open the Bid/Offer period in relation to its initial public offering of Equity Shares (the Offer / IPO ) on Monday, March 15, 2021 and close on Wednesday, March 17, 2021. The price band for the Offer has been decided at Rs. 129 - Rs. 130 per Equity Share. The Company may, in consultation with the book running lead managers (the BRLMs ), consider participation by anchor investors ( Anchor Investors ) which shall be one Working Day prior to the Bid/Offer Opening Date, i.e. Friday, March 12, 2021.
NEW DELHI: NSE Nifty and its BSE counterpart Sensex both shed nearly 2 percent as the broader market saw a sell-off led by bank and financial stocks. The 50-pack Nifty formed a long bearish candle on the daily chart as the index continued its losing streak for the fourth consecutive session.
On the technical front, Shrikant Chouhan of Kotak Securities said, the Nifty50 has taken support at 13,950 level and it is possible that the index may give a healthy bounceback to 14,400-14,500 ahead of the Budget or the day of the Budget.
“Indian bourses mirrored mixed sentiment from global peers with a downward rally owing to consecutive days of FII selling. Barring the defensive FMCG segment, all sectors traded in the red zone, with banking and pharma stocks being the worst hit. The global markets were mixed today ahead of the US Fed meeting amid uncertainty over the US stimulus. We should expect higher volatility in the coming days given pre-Budget event risk, said Vinod Nair, Head of Re