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Meesho has successfully garnered Rs 2,440 crore from 125 anchor investors ahead of its IPO debut. Shares have been priced at Rs 111 each. The highly anticipated IPO kicks off on December 3 and wraps up on December 5. Analysts are optimistic about the vast opportunities within India’s burgeoning e-commerce sector, with trading set to commence on December 10.
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Aequs Limited, a precision engineering powerhouse, has successfully raised Rs 414 crore from 33 prominent anchor investors ahead of its anticipated IPO on December 3. High-profile backers such as Blackrock and Sanshi have jumped on board, adding to the excitement. The IPO will wrap up on December 5, with Aequs making its market debut on December 10.
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Benchmark indices extended losses for the third straight session as Nifty slipped below the 21EMA. Analysts expect a bearish-to-sideways trend ahead. However, Birlasoft and Asian Paints showed strong technical breakouts, offering near-term upside potential.
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Sensex and Nifty fell as profit-booking, FII outflows and a weak rupee pressured markets. Analysts expect cautious sentiment amid no near-term RBI rate-cut hopes and persistent technical weakness.
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Nashik Municipal Corporation is targeting to raise another Rs 200 crore from the municipal bonds route by February next year, a top official has said.
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