Economy · India
Indian IPOs and Stock Movements Reported Across Markets
Vodafone Idea shares opened at ₹15.09 on the NSE, up 4% from the previous close of ₹15.02 recorded on Friday. Purple Style Labs debuted on the NSE at ₹535 per share, 6.96% below its IPO price, and on the BSE at ₹539, 6.2% below the issue price. The Purple Style Labs IPO was subscribed 1.29 times, attracted celebrity investors, and aimed to raise ₹680 crore for various investments. SteamHouse India set its IPO price band between ₹77 and ₹81 per share, targeting a Rs 414 crore issue, with subscription opening on September 9 and closing on September 11, and a minimum bid of 185 shares. Manika Plastech announced a price band of ₹40‑43 per share, valuing the company at up to ₹501 crore, with its IPO scheduled to open on September 11.
How outlets across the spectrum covered it
- Centre (5): Business Standard, Business Today, Mint, The Economic Times, The Hindu BusinessLine