The initial public offer (IPO) of Ventive Hospitality, which opened for subscription on Friday, has been subscribed by 78% so far on the second day of the process, attracting highest demand from qualified institutional buyers (QIBs). Around 10:45 am, the issue was subscribed 1.05 times by the QIBs, followed by 86% subscription by the retail investors.
Open FlipShares of software development firm Intellect Design are higher by 10% in early trade on December 23 with volumes that are more than 10x the one-month average, testing levels last seen in October. Last week, the company shared a presentation with analysts and institutional investors on its new Enterprise AI platform called Purple Fabric, which is tailored for the financial and insurance sectors.
Open FlipDomestic brokerage firm JM Financial recently initiated coverage on Brainbees Solutions, operating under the FirstCry brand, with a 'buy' rating and a target price of ₹692 per share, citing the company's strong growth opportunities in the childcare platform. The company's revenue grew at a CAGR of 38% from FY21 to FY24, with the company turning adjusted EBITDA profitable in FY21.
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