BSE postponed the SME IPO of Solar91 Cleantech following social media concerns about a rapid valuation increase and regulatory changes by SEBI regarding IPO proceeds usage. The offering, originally scheduled to open on Tuesday, was delayed pending further investigation into the raised queries. Last month, Sebi forced C2C Advanced Systems to defer its SME IPO.
Open FlipThe Indian mutual fund industry, which has witnessed a 135 per cent surge in net inflows and nearly 39 per cent growth in net AUM (Assets under Management) over the last year, is likely to experience a multi-fold growth in the coming year, with India being a bright spot in the global economy, said ICRA Analytics’ recent report.
Open FlipInternational Gemmological Institute share price gained over 8 percent in December 23 trade after listing at 22% premium in the previous trading session on December 20. International Gemmological Institute stock jumped to a high of Rs 510.35 per share on the BSE intraday, jumping 8.55 percent. At around 10:15 AM, it quoted at Rs 493.65 apiece, rising 5 percent.
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