In what could potentially disturb the power trading market in the country, National Stock Exchange (NSE), with the National Commodity and Derivatives Exchange (NCDEX) has voted to shut down their power trading platform, the Power Exchange of India (PXIL).
Snap’s initial public offering filing seemed to show a company with a basic math problem: the company’s cost of revenue for 2016 — the amount it had to spend just to keep the messaging service running — was $47 million higher than
An initial public offering from India's BSE Ltd, the country's second-biggest stock exchange, was well over-subscribed on the last day of the sale, helped by attractive valuations and expectations of robust growth for stocks in the coming years.
A stock broker looks at a screen outside the BSE. File photoThe BSE stock exchange’s Initial Public Offering (IPO) of equity garnered 51 per cent subscription on Monday, first day of the Rs 1,240-crore issue.
Sheela Foam has listed at Rs 860, 18% premium to its issue price of Rs 730 per share on the BSE. LINKThe stock crosses Rs 1,000 mark and hit high of Rs 1,019, up nearly 40% against its issue price within minutes of listing.
Hyderabad-based Laurus Labs is an unusual case in the pharma space with leadership position in a commodity-like business and good potential to scale up the ladder. However, the IPO valuation is on the higher side, which makes the offer unattractive.
Pharma company Laurus Labs will launch its initial public offering (IPO) next week and it has fixed the price band at Rs 426-428 per equity share. The IPO is scheduled to open on December 6 and close on December 8, the company said.