Sensex tests 33,000 in opening, Nifty trades flat; Bharti Infra dips
Sun Pharma, HCL Technologies, Bharti Airtel, M&M, Lupin, Yes Bank, Kotak Mahindra Bank and Eicher Motors were early gainers.
Footwear retailer Khadim India will list on the bourses today following the conclusion of its Rs 543 crore initial public offer last week.
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Khadim India’s IPO was subscribed 1.90 times during November 2-6. The price band for the offer was fixed at Rs 745-750 per share.
The IPO comprised a fresh issue of equity shares aggregating up to Rs 50 crore, besides an offer for sale of up to 65,74,093 shares by existing shareholders.
The net proceeds from the issue are to be utilized towards payment of loans and general corporate purposes. Axis Capital and IDFC Bank were the books running lead managers to the issue.
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