Indegene IPO, aiming to raise ₹1,841.76 crore, opened for subscription on May 6 and closed on May 8. The Indegene IPO consists of a fresh issue of 1.68 crore shares aggregating to ₹760 crore and an offer for sale of 2.39 crore shares aggregating to ₹1,081.76 crores. The Indegene IPO allotment status is set to be finalised today.
Open FlipVaishali Parekh, VP Technical Research at Prabhudas Lilladher, believes that the Indian stock market sentiment may remain cautious until the Nifty 50 index is below the 22,400 mark. Recommendations: 📌Tata Communications: Buy at ₹1756, target ₹1850, stop loss ₹1700; 📌Birlasoft: Buy at ₹616, target ₹670, stop loss ₹595; and 📌LTIMindtree or LTIM: Buy at ₹4713, target ₹4950, stop loss ₹4600.
Open FlipSEBI has recently issued a master circular for all registered registrars to an issue and share transfer agents (RTAs). The circular stipulates numerous details ranging from registration to responsibilities, transfer related matters, investor grievance redressal, investor charter, cyber security, and role of RTAs with respect to primary market, among other details.
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