International Gemmological Institute shares list at 22% premium over IPO price

The International Gemmological Institute IPO had received mostly positive reviews from the analysts.

The International Gemmological Institute IPO had received mostly positive reviews from the analysts.

Emerging markets face significant hurdles due to the strong US dollar. A strong dollar reduces returns when foreign gains are converted, and losses can appear larger. Dividends and interest payments are also affected. “Until the dollar weakens, EMs will remain…

Despite anticipating a bumper quarter for OMCs, CLSA prefers shares of ONGC from within the space as the upstream oil explorer is pricing in sub-$60 per barrel of crude realisation. It also has other important triggers that can play out…

Sagility India has received its first ‘Buy’ recommendation from brokerage firm Jefferies. The stock is currently trading 4.99% higher on Friday at ₹46.09 and has risen 54% from its IPO price of ₹30.

On Friday, market tech analysts Mitessh Thakkar and Shrikant Chouhan recommended these stocks for the short term.

Domestic Mutual Funds held a 7.86% stake in the company at the end of the September quarter, while LIC, India’s largest insurance company had a 4.26% stake.

Since the entire issue is an OFS, all the proceeds from the IPO will go directly to the selling shareholder, rather than the company.

Proceeds from the fresh issue will be used for setting up a manufacturing facility for production of sterile injections in its Atlanta facility; funding the working capital requirements of the company and its subsidiaries, supporting inorganic growth through acquisition and…

Ventive Hospitality proposes to utilise the net IPO proceeds towards funding the debt payment, including payment of interest accrued thereon.

Marketbuzz Podcast: GIFT Nifty traded lower this morning indicating a gap-down start for the Indian market, tracking weak global cues. IT stocks, Hyundai Motor India, and IndiGo are among some of the stocks in focus. Tune in to the podcast…