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Zerodha CEO Nithin Kamath reveals that short delivery auctions are driving sharp post-listing IPO gains, punishing short sellers. These auctions, triggered when traders fail to deliver shares, force them to buy back at significantly higher prices, creating opportunities for existing shareholders to sell at a premium.
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Travelstack Tech, backed by Goldman Sachs and Anupam Mittal, has filed DRHP for an IPO combining a Rs 250 crore fresh issue and offer for sale, with proceeds funding working capital, debt repayment and growth as corporate travel demand expands in India.
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Promoter Bhavish Aggarwal on Thursday sold 2.83 crore shares of Ola Electric through a bulk deal, marking the third consecutive day of stake offloading. The shares were sold at Rs 31.60 apiece, taking the total transaction value to Rs 90.27 crore, exchange data showed.
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