Business

Global conditions hinder Market; no new IPOs next week

Due to adverse global market conditions, no new IPOs are expected in the trading week starting April 1. However, three IPOs are open for subscriptions until April 2. Retaggio Industries, with a ₹155 crore issue, opened on March 27 at ₹25 per share for a lot of 6,000 shares and has a subscription rate of 0.84 times. Allotments are on April 3, and listing on BSE’s SME platform is set for April 7. Spinero Commercial Limited, which opened on March 28 at ₹51 per share for a 2,000-share lot, has received 0.16 times subscription, with allotments on April 4 and listing on April 8. Infonetive Solutions’ IPO, also launched on March 28, has a subscription of 0.52 times.

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