Zomato (down 6 per cent to Rs 57.65) and Policybazaar (down 5 per cent to Rs 597.20) have their respective all-time lows since their stock market debut.
54 companies plan to raise Rs 1.4 trillion in FY23 after 52 Indian corporates raised an all-time high Rs 1.11 trillion through initial public offers (IPOs) in FY22, Prime Database report said
This is part of the global strategy of Softbank globally to not be on boards of listed firms
In the past two weeks, PB Fintech has slipped 28% after Yashish Dahiya, executive director and CEO, and Alok Bansal, whole time director and CFO, sold 6.09 million shares of the company
Paytm has dropped 40 per cent on a YTD basis, and Zomato seems to be revisiting its IPO issue price amid market sell-off
However, buyer (s) of the shares could not be ascertained immediately
Till 10:00 am; around 7.5 million equity shares representing 1.67 per cent of total equity of PB Fintech changed hands on the NSE.
Bata India, Bharti Airtel, Data Patterns, Escorts, Godrej Consumer, Greaves Cotton, Gujarat Gas, IRCTC, J&K Bank, Jindal Steel, Latent View, NMDC, SJS Enterprises and TTML to report results today.
This is LIC's first association with an insurance aggregator, and otherwise relies heavily on its large agency force of 1.33 million agents for distributing its products
The stock was trading at its new low, having fallen 29 per cent in the past six days. With this, the stock is now 26 per cent lower as against its issue price of Rs 980 apiece.
Fear of withdrawal of easy money and lack of profits will likely weigh on these counters in the near-term
Latent View Analytics, Go Fashion, Chemplast Sanmar, Macrotech Developers (Lodha), CMS Info Systems, Sona BLW Precision Forgings and Devyani International slipped between 8% and 10%.
In the past one month, the market price of PB Fintech dipped 25 per cent after the mandatory lock-in period for anchor investors expired on December 13, 2021.
The GST Council will meet today to discuss possible rollback of recently hiked rates for the textile industry.
Calendar year 2021 (CY21) was one of the most remarkable years for the primary markets where nearly Rs 1.2 trillion was mopped up till early December by 66 companies
FSN E-Commerce Ventures (Nykaa), PB Fintech, the parent company of Policybazaar, Tega Industries, Tarsons Products and Aditya Birla AMC were among 11 stocks from the BSE IPO index hit new lows.
Meanwhile, the mandatory one-month lock-in period for anchor investors expired today