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The grey market premium (GMP) for online investment platform Groww has sharply declined by nearly 70%, dropping from Rs 16 at its peak to around Rs 5 before its listing. This translates to a modest 5% premium over the IPO price of Rs 402 per share, signalling cautious investor sentiment after Lenskart’s weak listing.Prashant Tapse…
Pine Labs has opened its initial public offering (IPO) for public subscription from Friday, aiming to raise Rs 3,900 crore. The three-day issue will close on November 11.The IPO consists of two components: a fresh issue of Rs 2,080 crore and an offer for sale worth Rs 1,820 crore. Shares are being offered in a…
The Rs 7,278 crore public offering, amongst 2025’s major consumer sector listings, attracted bids exceeding Rs 1 lakh crore. (AI image) Lenskart IPO: Ahead of its listing on the stock exhchanges, Lenskart’s grey market premium (GMP) has crashed by a huge 70%, making investors wonder whether the stock will list at any substantial gains.The Rs…
Shares of State Bank of India (SBI) are witnessing renewed investor optimism following its strong September-quarter performance, prompting top brokerages to raise their price targets by as much as 20% over the next year.Analysts said the lender’s steady profit growth and improving asset quality have strengthened investor confidence, while derivatives data indicated fresh bullish positions…
Investment app Groww opened its much awaited IPO for subscription on Tuesday, aiming to raise Rs 6,632 crore. The offer will be closing on November 7. At the upper price band, Groww’s valuation works out to 33.8 times FY25 earnings.Ahead of the IPO, Groww secured a little over Rs 2,984 crore from anchor investors on…
Eyewear retailer Lenskart Solutions has opened its initial public offering (IPO) on Friday, aiming to raise Rs 2,150 crore through a fresh issue of shares, while promoters and existing investors will sell 12.75 crore shares via an offer for sale (OFS).The IPO will remain open till November 4 and the company is set to hit…
US government shutdown (AI image) The ongoing US government shutdown has created a significant data vacuum, impacting the release of vital federal economic statistics, from employment figures to national GDP measurements.The information gap is set to widen as authorities postpone releasing third-quarter GDP figures for the largest economy globally.The US administration has postponed various reports…
Gold and silver prices in India took a breather this week after a prolonged rally, with analysts expecting consolidation in domestic markets next week amid upcoming global central bank meetings and trade developments.On the Multi Commodity Exchange (MCX), gold futures for December delivery fell by Rs 3,557, or 2.80 per cent, while silver futures crashed…
Trump sanctions to hit India: Indian refiners are preparing to scale up crude oil purchases from the Middle East, Latin America, and the United States to compensate for reduced imports from Russia, analysts told news agency PTI.This comes after the US government on Wednesday imposed fresh US sanctions on two of Moscow’s biggest producers, Rosneft…
After a record-breaking surge in both domestic and global markets, gold and silver prices are likely to see some consolidation and mild correction next week as festive demand tapers off and profit-booking sets in, analysts said.“Gold prices are likely to see some corrections/ consolidation as ongoing fundamentals are already priced in and physical demand wanes…
