The Weekend: On the Week ended Friday, 16 March, the BSE Sensex dived 509.54 points as its biggest single day fall since Feb first week, owing to a major sell-off accompanied by political concerns after the TDP decided to leave the NDA and moved a no-confidence notice against the govt. For the third consecutive week, the sensitive Index of BSE recorded a fall of 0.39%, while the NSE Nifty lost 0.30%.
Week Ahead: Moving to the week ahead, following are some of the prospects that are likely to investor’s optimism, through the coming week:
Initial Public offering (IPO) of Bandhan Bank Limited subscribed 0.4 times on the first Day The price band was fixed at Rs. 370 – 375 per share. The issue closes on Monday, 19 March 2017.
The IPO of Sandhar Technologies Ltd will also remain open for subscription on Monday to Wednesday (March 19 to 21). The offer size amounts to Rs. 509.28 crore. The issue price is ranging Rs. 327 to 332 per equity share having a face value of Rs. 10 each. The shares will get listed on both NSE and BSE.
The IPO of Hindustan Aeronautics Limited (HAL) aims to raise Rs. 4,230 crore. It received bids for 81,09,300 shares against the total issue size of 3,41,07,525 shares. The issue closes on Tuesday, 20 March 2017.
The ICICI Bank Limited will raise Rs 4,020 crore by selling 24% stake in its ICICI Securities Limited through an IPO which will kick from March 22 and the issue closes on March 26, 2018.