A false start for AMC Repo Clearing AMC Repo Clearing (ARCL), a limited-purpose clearing corporation (LPCC) backed by the Securities and Exchange Board of India and funded by asset management companies, showed a lot of promise on the day of launch. However, the platform hasn’t reported any trades since then. When Finance Minister… Continue reading False start for ARCL, encouraging GMPs for SBFC, and more
Tag: SBFC
SBFC IPO subscribed 6.3x on day 2, Concord Biotech IPO over half covered
SBFC offer subscribed 6.3x on second day of issue SBFC Finance’s IPO was subscribed 6.32 times on Thursday, the second day of the issue. The institutional investor portion of the IPO was subscribed 4.5 times, high networth individual portion 12.6 times and retail portion nearly 5 times. On Wednesday, SBFC had allotted shares… Continue reading SBFC IPO subscribed 6.3x on day 2, Concord Biotech IPO over half covered
Markets enter bullpen, SBFC Finance GMP at over 60% & more
Markets enter bullpen: Aim at swinging for the fences Just when it looked like the benchmark National Stock Exchange Nifty would breach 20,000, the index saw a pullback to the 19,560 level amid selling by foreign portfolio investors. Analysts say the index will find it challenging to surpass 20,000 quickly and could consolidate… Continue reading Markets enter bullpen, SBFC Finance GMP at over 60% & more