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₹8,000 crore, achieved full subscription on the second day of bidding on Thursday, concluding with a subscription rate of 1.54 times. The segment allocated for non-institutional investors (NIIs) saw a subscription rate of 3.84 times, while Retail Individual Investors (RIIs) subscribed at 1.16 times. The portion designated for Qualified Institutional Buyers (QIBs) received a subscription of 48 percent.

Equity indices ended lower on Thursday due to selling pressure in index majors as investors turned cautious ahead of the inflation data announcement. Stocks that were in focus include names like Ultratech Cement, which fell 0.8% and Bajaj Auto, which declined 1.05% and DMart, whose shares fell 0.4% on Thursday.

Subscribe to enjoy similar stories. For Daniel Langthasa, 40, and Avantika Roohi Haflongbar, 39, starting a music festival on wheels was a dream. A little over a decade ago, they entered their idea for a music festival that travelled across the Northeast in a entrepreneurship contest and won the first prize.

IT stocks outperformed the broader market on Thursday, with the Nifty IT index hitting a new high of 46,000.Leading the charge were Coforge and Tech Mahindra, which surged up to 4%. Several other IT stocks, including Infosys, Wipro, HCL Technologies and Mphasis, also reached their 52-week highs.Coforge shares rose 3.8% to Rs 9,349, Tech Mahindra shares went up by 2.7% to Rs 1,807, LTIMindtree shares gained 2% to Rs 6,733 while Infosys shares rose 1.5% to Rs 1,998.

Nifty broke its three-session losing streak and settled at 24,641.80, gaining by 31.75 points or 0.13%. Meanwhile, the 30-stock S&P BSE Sensex finished flat at 81,526.14, rising by just 16 points. Bank stocks dragged the index despite buying trends in IT, auto and FMCG stocks. Nifty formed another doji candle well within the range of the last five day's candles, indicating indecisiveness in the index, Dr. Praveen Dwarakanath, Vice President of Hedged.in said, commenting on the day's action.

IPO) of the digital payments platform Sai Life Sciences will open for public subscription today, and will close on December 13. The Rs 3,042 crore issue includes a fresh issue of 1.73 crore shares, aggregating to Rs 950 crore and an OFS of 3.81 crore shares. The company said that it would use the proceeds from its IPO to repay its debts and for general corporate purposes.

SME IPO of Supreme Facility Management opened for subscription earlier today and will close on December 13. The company aims to raise Rs 50 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.

SME IPO of Purple United Sales will open for subscription today and will close on December 13. The company aims to raise Rs 33 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.

Vishal Mega Mart, which is a leading supermarket chain operator, will launch its Rs 8,000 crore IPO today. The issue, which is entirely an OFS of 102 crore shares, will be available for bidding till December 13. Since the IPO is entirely an OFS, the proceeds from the offer will go to the selling shareholders, in this case the promoter Samayat Services.

According to the circular, MobiKwik has decided to allocate 92.26 lakh equity shares to 21 funds at Rs 279 apiece, which is also the upper end of the price band. This translates into the transaction size to Rs 257.4 crore.

initial public offering (IPO) of the digital payments platform One MobiKwik Systems is set to open for public subscription on Wednesday, December 11, and will close on December 13. Ahead of the issue, the grey market premium (GMP) for MobiKwik shares is around Rs 125-130, indicating a 45% premium over the issue price.

Perseverance rover by NASA has eventually made a significant discovery on Mars while finding a rock sample nicknamed ‘Cheyava Falls’ that might provide and eminent evidence of ancient microbial life, reported Popular Mechanics. According to Popular Mechanics, located in the Jezero Crater this certain rock actually features two vertical veins of calcium sulfate while eventually indicating significant past water presence and a central band filled with distinctive ‘leopard spots.’ These spots actually suggest chemical reactions that could have supported significant microbial life. Using its significant SHERLOC and PIXL instruments, Perseverance rover detected organic compounds within the rock while marking the first compelling evidence of organic material which are being found alongside signs of water and potential energy sources for life, asserted Popular Mechanics.

Vishal Mega Mart IPO before subscribing to the issue.

IPO market is set to be bustling next week, with 11 companies like Vishal Mega Mart, TPG Capital-backed Sai Life Sciences and fintech firm One Mobikwik Systems gearing up to launch their initial share sales, collectively aiming to raise nearly Rs 18,500 crore. Other mainboard IPOs to be launched during this period are Inventurus Knowledge Solutions Ltd and Blackstone-owned diamond grading firm International Gemmological Institute (India) Ltd. Alongside the five main-board IPOs, six SMEs are preparing to float their maiden public issues next week to garner over Rs 150 crore collectively.

Sai Life Sciences IPO before subscribing to the issue. 1) What is the business overview of Sai Life Sciences? Sai Life Sciences provides end-to-end services across the drug discovery, development, and manufacturing value chain for small molecule New Chemical Entities (NCEs) to global pharmaceutical innovator companies and biotechnology firms.

Apart from the new issues, the Street will also see three listings from Nisus Finance, Property Share REIT and Emerald Tyre Manufacturers.

1. Battery PerformanceEffect: Lithium-ion batteries commonly used in smartphones, laptops, and wearables perform poorly in cold temperatures. The chemical reactions inside the battery slow down, leading to reduced capacity and faster draining.

Subscribe to enjoy similar stories. MobiKwik’s public offer will open for subscription on Wednesday with a price band of ₹265-279 per equity share, valuing the company at about ₹2,165 crore, a sharp discount to the valuation the company sought in its last attempt at the public listing back in 2021of ₹7,600 crore. The company, headed by husband-and-wife duo Bipin Preet Singh and Upasana Taku, has reduced its fundraising target to ₹572 crore, following the Securities and Exchange Board of India’s (Sebi’s) approval in September to raise ₹700 crore.

NSE SME platform on Friday. Ahead of the listing, the company's shares were trading with a GMP of Rs 78 in the grey market. Considering the upper price band of Rs 83, the stock is likely to see a maximum premium of 90% over the issue price.

Agarwal Toughened Glass will debut on the NSE SME platform on Thursday. Ahead of the listing, the company's shares were trading with a GMP of Rs 32 in the grey market. Considering the upper price band of Rs 108, the stock is expected to list with a premium of 30% over the issue price.