Stanley Lifestyles Debuts with 29% Gain on Dalal Street
Nippon India MF Acquires 63% Stake, OIJIF Exits
IPO Market Update: Latest News and Upcoming Offerings
Stanley Lifestyles, a leading home décor and lifestyle brand, made a strong debut on the Indian stock exchanges, closing 29% higher than its issue price. The company's initial public offering (IPO) saw heavy investor interest, with Nippon India Mutual Fund emerging as a major shareholder by acquiring a 63% stake. Offshore Infrastructure Investment Fund (OIJIF) exited its investment in the company through this IPO.
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Emcure Pharmaceuticals, a leading pharmaceutical company, is set to launch its IPO on July 3, 2024. The IPO will offer fresh equity shares worth ₹79 crore and investors can bid for a minimum of 14 shares. The price range for the IPO has been set at ₹960-1008 per share.
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