With investors allocating increasing amounts of capital to the primary market, concerns are emerging over whether the IPO boom could be diverting liquidity from the secondary market, which is already facing selling pressure.
Torrent Gas has filed for an IPO that is entirely an offer for sale of 33.5 crore shares by promoter Torrent Investments. Here are the offer details, financials and risks from the draft prospectus.
The Supreme Court collegium recommended his elevation to head the Bombay High Court at a meeting on 6 August, and the Centre cleared the appointment on 5 September.
While Jain Resource Recycling currently trades at a discount to Gravita India on forward price-to-earning, the brokerage expects the company's growth and improving scale to support a gradual re-rating.
