Read more about the article Resourceful Automobile IPO Listed Flat at Rs 117 after 400x subscription
Technology

Resourceful Automobile IPO Listed Flat at Rs 117 after 400x subscription

Resourceful Automobile’s stock listed flat at its IPO price of Rs 117 on August 29, even though it was massively oversubscribed by 400 times. The Delhi-based company, which runs just two outlets and has a small team, saw bids for 40.76 crore shares compared to the 9.76 lakh available. The stock's initial performance didn’t live up to the grey market hype, where it was trading at an 89% premium.

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August 29, 2024
Read more about the article IREDA Stock Soars 7% After Major Rs 4,500-Crore Fundraising Announcement!
Technology

IREDA Stock Soars 7% After Major Rs 4,500-Crore Fundraising Announcement!

In Short IREDA's stock has seen a notable 7% rise, driven by the announcement of a potential Rs 4,500-crore fundraising initiative. This move, which includes options such as a qualified institutional placement (QIP) or a rights issue, is set to be reviewed in a board meeting scheduled for August 29. The surge reflects strong investor confidence, bolstered…

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August 22, 2024

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