Tue, Sep 10, 2024 1:01 PM
Ather Energy IPO: Tiger Global, NIIF to offload shares
A Flip by Shubhangi Gupta
Shares of Forge Auto International made a muted start on the bourses on its stock market debut on October 4 after listing at Rs 113, a premium of 5 percent over the issue price of Rs 108 per share on the NSE SME platform. The listing gains have missed grey market estimates where shares were trading at a premium of 13 percent. The grey market is an unofficial ecosystem where shares start trading.
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The recent rally in Chinese stocks and new curbs on derivatives trading have prompted foreign portfolio investors (FPIs) to cut their exposure to the Indian market. Provisional data from stock exchanges show that FPIs sold $1.82 billion worth of shares on Thursday, marking their third consecutive session as net sellers.
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Nexxus Petro Industries share price made a positive debut on BSE SME today. Nexxus Petro Industries share price today opened at ₹126, which is 20% higher than the issue price of ₹105. The Nexxus Petro Industries IPO subscription period started on Thursday, September 26, and ended on Monday, September 30. The price band for each share of the IPO is ₹105, with a face value of ₹10.
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