Blue Jet Healthcare IPO opens, GMP rises over 18%; should you subscribe to the issue-
Blue Jet Healthcare IPO: Blue Jet Healthcare IPO opened for public subscription today and will close on Friday, October 27, 2023. The price band for its public issue at Rs 329-346 per equity share of face value Rs 2 each. At the upper end of the price band, the company’s promoters and shareholders seek to raise Rs 840.27 crore from the IPO. Ahead of the public issue, Blue Jet Healthcare shares’ GMP rose to 18.21%. The bidding for anchor investors concluded on Monday, wherein the company collected Rs 252.08 crore.
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The IPO comprises an offer-for-sale (OFS), with promoters offloading 24,285,160 shares of Rs 2 aggregating up to Rs 840.27 crore. For potential invest…
Rupee snaps two-day fall, recovers 6 paise against US dollar
The rupee on Wednesday staged a recovery after two days of steep losses to end 6 paise higher at 83.22 against the US dollar on positive cues from domestic equity markets.However, selling pressure from foreign equity investors amid a strong greenback against major crosses overseas and surging crude oil prices weighed on the local unit and restricted the gain, forex traders said.At the interbank foreign exchange, the domestic unit opened at 83.23 and traded in a narrow range of 83.18 to 83.24 against the greenback.
It finally settled at 83.22, registering a gain of 6 paise from its previous close.The rupee lost 34 paise in the past two sessions. It closed 15 paise lower at 83.28 against the dollar on Tuesday, a day after registering a decline of 19 paise.The downward movemen…