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The primary market will see a quiet week ahead, with no new IPOs lined up in either the mainboard or SME segments. 75 crore through the issue which is entirely a fresh issuance of equity shares. 80 lakh share bids against 75,22,486 equity shares available for booking.
Shares of State Bank of India (SBI) jumped more than 3% on Friday after the public lender’s subsidiary and India’s largest asset management company, SBI Funds Management, filed its draft IPO papers with market regulator Sebi to raise funds through the primary market. 37 crore equity shares, entirely comprising an offer for sale.
IIT Bombay's entrepreneurship arm, SINE, is witnessing significant wealth creation as its incubated startups, like ideaForge and Sedemac Mechatronics, head towards public markets.
