
BSE, NSE to introduce surveillance mechanism for micro-small stocks from today
The public sector enterprises and public sector banks will be excluded from the process of shortlisting of securities under ESM.
The public sector enterprises and public sector banks will be excluded from the process of shortlisting of securities under ESM.
The short-term ASM mechanism gets triggered under certain conditions of price volatility in any stock.
The Delhi-based healthcare company raised ₹4,326 crore in the country’s biggest IPO so far this year, which was subscribed 15.32 times on the back of strong response from QIBs.
Following the development, shares of HDFC on Thursday surged 0.31% to hit an intraday high of ₹2,770 apiece on the Bombay Stock Exchange.
The Infrastructure Investment Trust raised ₹5,225.82 crore from a slew of anchor investors including British Columbia Investment Management Corp (BCI) and Abu Dhabi's Mubadala.
The ₹865 crore IPO of the electronics manufacturing services company was subscribed 2.32 times on the back of a strong response from qualified institutional investors.
Post listing, Udayshivakumar Infra shares declined as much as 20% to hit a low of ₹29.15 on the NSE, against the issue price of ₹35.
The share of Global Surfaces listed at ₹164 apiece on the NSE, a premium of 17.14% against the issue price of ₹140.
The NSE has placed Adani Enterprises, Adani Power, and Adani Wilmar under the short-term ASM framework from March 9.
The company aims to raise up to ₹180 crore through issue of fresh equity shares and up to ₹232 crore via offer for sale by promoters and existing shareholders.