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The Shanti Gold IPO is priced in the range of Rs 189 to Rs 199 per share, with a minimum application size of 75 shares translating to Rs 14,925 at the top end. Ahead of the issue opening, Shanti Gold International raised Rs 108 crore via anchor investors.
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Cipla shares: Following the earnings announcement, several brokerage firms revised their target price for the stock, with some estimates reaching as high as Rs 1,875 per share, indicating potential for further upside.
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Investors can apply for a minimum of 166 shares, with bids accepted in multiples, until the issue closes on July 28. Share allotment is likely on July 29, with the stock expected to list on both BSE and NSE on July 31. The IPO, pegging the companys valuation at over Rs 3,400 crore at the upper price band, is a pure fresh issue.
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