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PhysicsWallah's IPO priced at Rs 109, subscribed 1.81 times overall
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JSW Infra to acquire 51% stake in Oman port project with Rs 3,700 crore capex
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Emcure Pharma, Mphasis, and Paytm shares to be sold via large block deals
PhysicsWallah, JSW Infra, Paytm, Asian Paints and Tata Power are among the stocks to watch on Tuesday.
Listings To Watch
PhysicsWallah: The issue price has been set at Rs 109. The public issue was subscribed to 1.81 times. The bids were led by Qualified institutional investors (2.70 times), non-institutional investors (0.48 times), retail investors (1.06 times).
Emmvee Photovoltaic Power: The issue price has been set at Rs 217. The public issue was subscribed to 97%. The bids were led by Qualified institutional investors (1.26 times), non-institutional investors (30%), retail investors (1.10 times)
Dividend Stocks
Venus Pipes & Tubes (Rs 0.50)
Precision Wires India (Rs 0.35)
Cochin Shipyard (Rs 4)
Ashok Leyland (Rs 1)
Asian Paints (Rs 4.5)
Man Infraconstruction (Rs 4.5).
Block Deals In Focus
Emcure Pharma: Bain Capital, via its arm BC Investments IV Ltd., will sell shares worth Rs 492.7 crore via block deals. The firm will offer nearly 38 lakh shares, or 2% equity, at Rs 1,296.51 apiece, approximately 7% discount to Monday's closing price.
Mphasis: Promoter Blackstone Inc. will offer up to 9.5% equity via large deals. BCP Topco IX Pte will sell up to 1.8 crore shares at Rs 2,570 each, a discount of about 4.4% to the last closing price of Rs 2,688.7. The total deal size at the floor price amounts to nearly Rs 4,626 crore.
Paytm: Elevation Capital is looking to sell shares worth Rs 1,640 crore in One97 Communications via block deals. The firm will offer nearly 1.28 crore shares, or 2% equity, at Rs 1,281 apiece, at approximately 4% discount to Monday's closing price.