Fedbank Financial Services lists over 1% discount; Should you hold or exit-
时间:2024-06-26 10:46:58 阅读(143)
Fedbank Financial Services shares are listed at a 1.60% discount at Rs 137.75 on the BSE and at Rs 138 on the NSE, compared to the issue price of Rs 140. The public issue was subscribed to 2.24 times on the last day of the offering.
“The only disappointing debut on the stock markets today was of Fedbank Financial services, it got listed at Rs 138 per share that almost a flat listing over its IPO price of Rs 140. The lackluster listing was in line with the pre-listing sentiment, which was dampened by a weak grey market premium and a relatively tepid investor response. Given this subdued listing we recommend a neutral stance on Fedbank Financial Services, said Shivani Nyati Head of Wealth at Swastika Investmart.
The IPO comprises a fresh issue of 42,912,087 shares aggregating up to Rs 600.77 crore and an Offer-For-Sale (OFS) with promoters offloading 35,161,723 shares aggregating up to Rs 492.26 crore. For potential investors, the bidding starts at a minimum of 107 equity shares, with subsequent bids in multiple lots of 107 equity shares each, with a maximum of 13 lots. The price band for its public issue at Rs 133-140 per equity share of face value Rs 10 each.
猜你喜欢
- Sebi to auction properties of Sumangal Industries, GSHP Realtech on August 25
- Sensex gains for 2nd day straight; Nifty support at 17700, a move above 17900 may induce rally towards 18100
- Buy these two stocks for near-term gains; Nifty consolidating after breakout above 16,000
- Securities and Exchange Board of India looks to beef up legal strength
- Sensex, Nifty snap two-day losing streak, are bulls ready to rally- Check support, resistance levels
- Share Market Highlights- Nifty settles over 19440, Sensex over 64970; Bank Nifty sheds 79 points
- Share Market Highlights- Nifty, Sensex end flat, NSE index settles above 18250; Bank Nifty below 43200, UPL, ITC fall
- Share Market Highlights- Indices end in green, Nifty settles above 18150, Sensex gains 390 pts; Tata Steel, Wipro top gainers
- Share Market Highlights- Nifty settles below 17500, Sensex falls 140 pts; Bank Nifty ends below 39950, Adani Ent tanks 5%