Fedbank Financial Services lists at discount. Should buy, sell or hold?
Fedbank raised Rs 1,092.26 crore through the IPO, which comprised a fresh issue of 4.29 crore shares worth Rs 600.77 crore
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Fedbank raised Rs 1,092.26 crore through the IPO, which comprised a fresh issue of 4.29 crore shares worth Rs 600.77 crore
Analysts suggest booking profit as they believe the valuation gap compared to peers has narrowed and hence expect limited upside from the current levels
The Tata Technologies stock debuted with a 140 percent premium and traded at Rs 1,334 on the BSE, up 168 percent from its issue price, within minutes, clinching the seventh spot on a list of top seven stocks debuting with highest listing-day gains
Several analysts recommend investors to hold the stock for the long term, and for those who failed to get allotment to accumulate on dips
Offering Rs 21 crore through 15 lakh shares, it was a pure fresh issue. The company plans to use the net proceeds for working capital needs and brand positioning, marketing, and advertising.
Ahead of the listing, the GMP of Fedbank Financial Services was totally wiped out after a dull interest from investors
Tata Technologies GMP soared 83 percent over the IPO price to Rs 415
Flair Writing Industries IPO | The stock is priced at 24.9x Q1FY24 P/E (on diluted & annualized basis) which is discount to its peers, and quoting a market capitalisation of Rs 3,200 crore at the…
The blockbuster debut saw the government-owned firm’s market capital nearly double to Rs 16,124 crore
Tata Technologies IPO | According to experts, the listing premium may be around 75-80 percent over the issue price of Rs 500 per share.