Sedemac Mechatronics’ Rs 1,087 crore IPO opens amid weak grey market sentiment, with a discount indicated. The offer is entirely an offer for sale, meaning the company receives no funds. Valued at Rs 5,971 crore, the company designs electronic control units for mobility and industrial uses.Read More
PNGS Reva Diamond Jewellery’s IPO, priced at Rs 386, is set for its stock market debut on March 4. Despite a Rs 380 crore issue that closed on February 26, grey market signals suggest a cautious listing with a discount to the issue price. The IPO saw moderate overall demand, with the retail and NII portions subscribed.Read More
U.S. stocks declined Tuesday as concerns over the Middle East conflict’s duration and its impact on inflation intensified, pushing oil prices higher. Despite broad-based selling and a rise in the volatility index, indexes recovered significantly from early lows. Investors are anxious about the conflict’s effect on energy prices and central bank policy.Read More
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