Stock Market Updates: Today on March 12, after trading stopped in the stock market on the day of Mahashivaratri
Nifty and Sensex continue to lead in early trade. Nifty is above 15,300 and Sensex is above 51700. Banking stocks have an edge in early trade. A trading day ago on March 10, the Sensex closed at 51280 and the Nifty closed at 15175.
Anupam Rasayan’s IPO opens for subscription
Anupam Chem’s Rs 760 crore IPO is open for subscription today. Anupam Chemicals has fixed the price band for the IPO at Rs 553-555 per share. One can invest in it till 16 March. Anupam Rasay has kept lot size of 27 shares for the IPO. That is, at least 27 shares have to be bid. In terms of the upper price band of Rs 555, it will be necessary to put an amount of at least Rs 14,985. At the same time, for a maximum of 13 lots, you can apply Rs 1,94,805. Prior to the IPO, Anupam Chem has raised Rs 224 crore from 15 anchor investors. According to information given to the stock markets, the company has allocated 40.48 lakh shares for 18 anchor investors at the rate of Rs 555 per share.