Zenith Drugs stock lists at 39% premium to IPO price on NSE SME
Tue, Feb 27, 2024 11:22 AM

Zenith Drugs stock lists at 39% premium to IPO price on NSE SME

A Flip by Riya Sharma
Get it on Google Play
Zenith Drugs made a strong debut, listing at a 39.2 percent premium to the IPO price on February 27. The stock opened at Rs 110 against the issue price of Rs 79 on the NSE SME platform. Ahead of the listing, the stock was commanding a 44 percent premium in the grey market, which is an unofficial ecosystem where shares start trading before the allotment in the IPO and until the listing day.

More great flips

Buy these stocks as market likely poised for potential rebound

Buy these stocks as market likely poised for potential rebound

By Jigar S Patel, senior manager - equity research at Anand Rathi. Throughout the week ending May 10, bearish sentiment prevailed as key market indices faced significant downward pressure across most sessions. Despite attempts to surpass the 22,600 mark, the Nifty spot index faltered and slipped below 22,000 levels. Though it didn't maintain these lower levels, the pressure remained palpable.

Open Flip
Next round of talks for India-Asean trade pact review in July

Next round of talks for India-Asean trade pact review in July

Senior officials of India and the 10-nation bloc of Southeast Asian nations – ASEAN – will hold the next round of talks in July to review the existing free trade agreement in Jakarta, Indonesia, an official statement said on Sunday.The last round of the three-day negotiations concluded on May 9 in Putrajaya, Malaysia.The discussions for review of AITIGA (Asean-India Trade in Goods Agreement).

Open Flip
Shapoorji Pallonji group seeks more time to repay lenders

Shapoorji Pallonji group seeks more time to repay lenders

Shapoorji Pallonji group has sought an extension of repayment terms for Rs 14,300 crore of debt raised in June last year, by SP Group entity Goswami Infratech through rupee-denominated zero-coupon non-convertible debentures (NCDs), according to documents seen by Moneycontrol.These funds were raised from a group of investors, including Cerberus Capital, Varde Partners, Canyon Capital.

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