BMW Ventures is set to debut on the Indian stock market today, with grey market premiums showing no expected gains. The IPO saw 1.50 times subscription, with retail and institutional segments performing differently. Proceeds will fund working capital and corporate needs.
Epack Prefab IPO listing is scheduled for October 1 at 10:00 IST, following a successful subscription. Shares have been credited to demat accounts, but the grey market premium stands at ₹0, reflecting stagnant trading conditions.
Jain Resource Recycling is set to debut on October 1, with a grey market premium of ₹11 indicating a potential 4.74% gain. The IPO drew significant demand, closing at 16.76 times subscription across investor categories, priced between ₹220-232 per share.
Stock market news: Sensex and Nifty 50 ended lower on Tuesday, extending losses due to foreign fund exits and anticipation of RBI’s interest rate decision. Analysts noted mixed sector performance and recommended caution, with specific stocks highlighted for potential buying opportunities.