FPIs take out Rs 24,700 cr from equities on rising US bond yields
Foreign Portfolio Investors (FPIs) have dumped Indian equities worth Rs 24,700 crore so far this month, owing to surging bond yield in the US.
On the other hand, they are bullish on the debt market and infused Rs 17,120 crore in the debt market during the period under review, data with the depositories showed.
According to the data, Foreign Portfolio Investors (FPIs) made a net investment of Rs 24,734 crore in Indian equities this month (till January 25).
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Three new IPOs hit the market today; Cello World opens with GMP up 18%
Cello World IPO: Cello World IPO opened for public subscription today and will close on Wednesday, November 1, 2023. The bidding for anchor investors concluded on Friday, wherein the company collected Rs 567 crore. The price band for its public issue at Rs 617-648 per equity share of face value Rs 5 each. Ahead of the public issue, Cello World shares’ grey market premium (GMP) rose 18.52%, over the upper end of the share price on offer.
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The IPO comprises a fresh issue of 29,320,987 equity shares aggregating up to Rs 1,900 crore and an Offer-For-Sale (OFS) with promoters offloading 29,320,987 shares aggregating up to Rs 1,900 crore. For potential investors, the bidding starts at a minimum of 23 equity shares, with subsequent bids in multiples of 23 equity shares. The shares are likely to get credited on Wednesday, November 8, 2023, and listed on …