Stanley Lifestyles makes stellar debut on June 28; Lists at 34% premium
Stanley Lifestyles got listed at Rs 494.95 on the National Stock Exchange, a premium of 34% to the issue price. The company collected Rs 537.02 crore from investors by offering them a combination of fresh issue as well as an offer for sale.
Price Band
The company kept the price band between a range of Rs 351 to Rs 369 per equity share. The company opened the IPO to investors for bidding on June 21 and closed it on June 25.
Issue Segment
The company raised Rs 200 crore by offering 5.4 million fresh shares. While the promoters and other selling shareholders pocketed Rs 337.02 crore by paring 9.1 million shares.
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State election outcome fuels optimism for a new bull phase in the market
Dalal Street edged higher on Friday as the NSE Nifty 50 soared 0.78% to hit a fresh high of 20,291.55 during intra-day trade and subsequently settled at a record high of 20,267.90, up 134.75 or 0.67, while the BSE Sensex added as much as 492.75 points to settle at 67,481.19. On a weekly basis, the Nifty soared by 2.41%, mirroring the BSE Sensex, which also recorded a substantial surge of 1,511.15 points or 2.29% gain last week.
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