Venus Pipes inventory features 9% on itemizing; eMudhra IPO subscribed 2.7x





Venus Pipes & Tubes ended with a acquire of 8.6 per cent over its subject worth on Tuesday, because the inventory closed at a day’s excessive of Rs 354 towards the problem worth of Rs 326. It had opened at Rs 337. Venus Pipes’ IPO was subscribed 16.3 occasions. The corporate manufactures chrome steel pipes and tubes. By means of the IPO, Venus Pipes raised Rs 165.4 crore in contemporary capital.


eMudhra IPO subscribed 2.7x


Digital certificates supplier eMudhra’s IPO garnered 2.7 occasions subscription. The retail investor portion of the problem was subscribed 2.6 occasions. The excessive networth particular person and institutional investor portion have been subscribed 4 occasions and 1.3 occasions respectively. eMudhra has priced the IPO between Rs 243-256 per share. On the top-end, the corporate is valued at Rs 2,000 crore. The IPO includes Rs 200 crore contemporary fund elevate and Rs 213 crore secondary share sale.

Expensive Reader,

Enterprise Customary has all the time strived laborious to supply up-to-date info and commentary on developments which can be of curiosity to you and have wider political and financial implications for the nation and the world. Your encouragement and fixed suggestions on enhance our providing have solely made our resolve and dedication to those beliefs stronger. Even throughout these troublesome occasions arising out of Covid-19, we proceed to stay dedicated to holding you knowledgeable and up to date with credible information, authoritative views and incisive commentary on topical problems with relevance.

We, nonetheless, have a request.

As we battle the financial influence of the pandemic, we’d like your help much more, in order that we are able to proceed to give you extra high quality content material. Our subscription mannequin has seen an encouraging response from a lot of you, who’ve subscribed to our on-line content material. Extra subscription to our on-line content material can solely assist us obtain the objectives of providing you even higher and extra related content material. We imagine in free, honest and credible journalism. Your help by means of extra subscriptions may also help us practise the journalism to which we’re dedicated.

Help high quality journalism and subscribe to Enterprise Customary.

Digital Editor



Supply hyperlink