Investors picked 198.15 crore equity shares against the offer size of 46.51 crore shares, with both Qualified Institutional Buyers (QIBs) and the retail category providing maximum support. The electric vehicle maker plans to spend Rs 1,227.64 crore on capacity expansion and another Rs 800 crore on debt repayment.
SEBI's new measures, effective August 5, aim to tackle front-running and insider trading at asset management companies.
Akums Drugs and Pharmaceuticals' IPO is expected to debut with a 10-15% gain on August 6, driven by strong subscription numbers.
Ola Electric Mobility’s IPO was fully subscribed on the second day despite a weak market. The issue saw strong interest, particularly from employees and retail investors, while QIB participation was lower. Major institutions backed the IPO, with a positive outlook on the company’s growth and market position.
Ceigall India Limited's IPO was oversubscribed 13.75 times despite a market downturn, reflecting strong investor confidence. The offering, priced at ₹380-401 per share, saw robust demand across all investor categories.
The broader impact of these tensions is already visible, with declines in Middle Eastern equities and fluctuations in gold prices. On August 5, international gold prices experienced a sharp drop but later stabilized at around $2,440 an ounce.
BSF jawans have intensified patrolling and surveillance activities along the border to counter potential threats. Advanced surveillance equipment and additional personnel have been deployed to ensure comprehensive monitoring of the border areas, responding to the escalating situation in Bangladesh.
Tata Motors was the hardest hit among the stocks, with shares plunging more than 7%. Oil & Natural Gas Corporation (ONGC) and Adani Ports & Special Economic Zone also saw substantial declines, contributing to the overall market slump.
Rumors of a hedge fund collapse in Japan and the Yen's sharp appreciation have added to the turmoil. The Yen's recent rally has raised concerns about the profitability of Japanese exporters, prompting foreign investors to sell off Japanese stocks.
LIC's regulatory filing indicated that the office closure aligns with the curfew imposed by the Bangladeshi government. The unrest, initially sparked by student protests over a controversial job quota system, has intensified into widespread antigovernmental demonstrations, leading to significant disruptions and loss of life.
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