Rashi Peripherals IPO bought 59.71 times on final day
Fri, Feb 9, 2024 9:36 PM

Rashi Peripherals IPO bought 59.71 times on final day

A Flip by Shubhangi Gupta
Get it on Google Play
The Rashi Peripherals IPO was highly sought-after by all types of investors, with the subscription being almost 60 times the size of the IPO. Qualified institutional buyers and high net worth individuals showed the most interest, while the retail investor portion was also oversubscribed. The company plans to use the funds raised for debt repayment and other corporate expenses.

More great flips

Court sends Mahira Group's director to ED custody for five days

Court sends Mahira Group's director to ED custody for five days

A city court on Wednesday sent Sikander Singh Chhoker, one of the directors of real estate firm Mahira Group, to five days’ custody of Enforcement Directorate (ED) in a money laundering case. Sikander is the son of Dharam Singh Chhoker, the Congress MLA from Samalkha.The Chhokers are being investigated by ED for allegedly siphoning off money collected.

Open Flip
Hindu New Year 2024: Secure your future with these financial planning rules

Hindu New Year 2024: Secure your future with these financial planning rules

The Hindu New Year has begun, and some individuals disregard the Gregorian calendar when planning their annual investments. This highlights the significance of developing and implementing new financial planning strategies during the April-May period. The commencement of a new year, often observed in April or May, signifies a fresh start and a yearning for positive transformations for many.

Open Flip
Can Nifty 50 climb to 23K this week after US Fed downplaying rate hike buzz

Can Nifty 50 climb to 23K this week after US Fed downplaying rate hike buzz

Indian stock market today: Global equities witnessed a strong rebound after the US Fed meeting, which signaled a willingness to go for a rate cut once there is an ease in the inflation concerns. On Dalal Street, the frontline Indian indices and broad market witnessed buying interest during morning deals, which are still underway. However, the Nifty 50 index is somehow not able to breach.

Open Flip

Join our Smart Investment Community

More than 1 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon