Summary Shares of Vedanta Iron and Steel Ltd. (VISL) have delivered a remarkable rally since their stock market debut, climbing nearly 94% from the listing price of ₹20. After the sharp rise, the company clarified that it is not aware of any undisclosed event or corporate development that could explain the recent surge in its … Read more
Summary Turtlemint Fintech Solutions made a weak stock market debut on Monday as its shares listed at a sharp discount to the IPO price. The stock opened at ₹134.90 on the NSE against the issue price of ₹152, wiping out over 11% of investors’ capital on listing itself. A retail investor allotted one IPO lot … Read more
Summary The National Stock Exchange (NSE) has moved a step closer to its long-awaited public listing by filing its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). The proposed IPO will be entirely an Offer for Sale (OFS), with existing shareholders planning to sell nearly 14.89 crore shares, representing … Read more