TheSpuzz Desk

Mobikwik IPO oversubscribed 119 times, GMP soared almost 60%: What fuelled investor frenzy? | Stock Market News

Mobikwik IPO oversubscribed 119 times, GMP soared almost 60%: What fuelled investor frenzy? | Stock Market News

Source: Live Mint Mobikwik IPO: A subscription rate exceeding 100 times for a mainboard issue is no small accomplishment. The IPO of One Mobikwik Systems, which opened for subscription on December 11 and closed on December 13, was oversubscribed nearly 120 times, with the stock soaring to a grey market premium (GMP) of ₹166. Three…

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GNG Electronics eyes IPO route to raise  ₹825 crore, files DRHP with SEBI | Stock Market News

GNG Electronics eyes IPO route to raise ₹825 crore, files DRHP with SEBI | Stock Market News

Source: Live Mint GNG Electronics, touted as India’s largest refurbisher of laptops and desktops and a leading player in refurbishing ICT (information and communication technology) devices, is gearing up to enter the primary market with plans to raise ₹825 crore. The electronics firm, on December 14, filed its draft red herring prospectus (DRHP) with the…

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Buy or sell: Ganesh Dongre recommends three stocks to buy on Monday — December 16 | Stock Market News

Buy or sell: Ganesh Dongre recommends three stocks to buy on Monday — December 16 | Stock Market News

Source: Live Mint Buy or sell: Throughout the week, the Nifty index remained in a range-bound zone, oscillating between the 24,000 and 25,000 levels. The week began with a sideways momentum, indicating a lack of significant directional movement. As the week progressed, profit booking took place, which caused the index to dip towards the support…

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