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<ul><li>Shriram Properties is primarily focused on mid-market and affordable housing categories.</li><li>The company has raised ₹600 crore through this public issue.</li><li>The company is commanding a grey market premium (GMP) of ₹9.</li></ul>Shriram Properties will finally make its stock market debut tomorrow, December 20, almost three years after its first attempt. The company had first filed its draft red herring prospectus (DRHP) to go public in 2018, but redacted the offer due to a sluggish property market. However, some stock brokerages were not too excited about this public issue even now. Saurabh Joshi and Kaushal Thakkar of Marwadi Financial Services have suggested retail investors to stay away from the offering as it is “expensive as compared to its peers.” “We are constructive on the company's long term growth prospects given the current positive industry growth trends and Shriram's strong brand presence and execution track record. However, improvement in financials would remain a key monitorable for the company," said analysts at Religare Broking. The issue was oversubscribed by 4.6 times. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Category </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Subscription </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Qualified institutional buyers </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.85 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Non institutional investors </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">4.82 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Retail </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">12.72 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Employee </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.25 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Total </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">4.6 </td></tr></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody></table> Shriram Properties is a south India-based company, which is primarily focused on mid-market and affordable housing categories. The company has completed 29 projects, representing 16.76 million square feet of saleable areas, as of September 30 of this year. The company has raised ₹600 crore from this public issue. Nearly ₹250 crore was raised through the fresh issue, while the remaining ₹350 crore was raised as offer for sale (OfS) from existing shareholders — including Walton Street Capital, TPG Asia and Omega TC Sabre Holdings. The price band of the public issue is ₹113 to ₹118. The <keyword id="6871731" type="General" weightage="20" keywordseo="shriram-properties-ipo" source="Orion">Shriram Properties IPO</keyword>’s market lot size is 125 shares, priced at ₹14,750 at the issue price. The grey market premium (GMP) — a premium amount at which shares are traded in the unofficial market — was at ₹9 on December 18. SEE ALSO <a href="https://www.businessinsider.in/cryptocurrency/news/the-fight-to-control-the-metaverse-crypto-die-hards-prepare-for-battle-with-facebook-and-big-tech/articleshow/88357307.cms" data-type="tilCustomLink">The fight to control the metaverse: Crypto die-hards prepare for battle with Facebook and Big Tech</a> <a href="https://www.businessinsider.in/stock-market/news/tesla-is-facing-an-investor-lawsuit-over-elon-musks-tweets-on-10-stock-sales-and-his-recent-feud-with-elizabeth-warren/articleshow/88358269.cms" data-type="tilCustomLink">Tesla is facing an investor lawsuit over Elon Musk's tweets on 10% stock sales and his recent feud with Elizabeth Warren</a> <a href="https://www.businessinsider.in/business/news/shaadi-com-is-looking-to-enter-into-matchmaking-for-lgbtq/articleshow/88344032.cms" data-type="tilCustomLink">Shaadi.com is looking to enter into matchmaking for LGBTQ+</a>

Shriram Properties will make its stock market debut tomorrow

<ul><li>Shriram Properties is primarily focused on mid-market and affordable housing categories.</li><li>The price band of the public issue is ₹113 to ₹118 as the company intends to raise ₹600 crore.</li><li>The company is commanding a grey market premium (GMP) of ₹17.</li></ul>The allotment status of Shriram Properties’ initial public offering (IPO) is likely to be announced today, December 15. The company’s public issue has been oversubscribed nearly four times, with retail investors' subscription rate going 12 times higher than the initial bidding offer. The portion reserved for non-institutional investors (NII) was subscribed nearly five times. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Investor Category </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Subscription (Times) </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Qualified Institutional Buyers </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.85 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Non institutional investors </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">4.82 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Retail investors </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">12.72 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Employee </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.25 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Total </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">4.60 </td></tr></tbody><tbody></tbody></table>Shriram Properties is a south India-based company, which is primarily focused on mid-market and affordable housing categories. The company intends to raise ₹600 crore from this public issue. Nearly ₹250 crore will be raised through the fresh issue, while the remaining ₹350 crore will be raised as offer for sale (OFS) from existing shareholders — including Walton Street Capital, TPG Asia and Omega TC Sabre Holdings. The price band of the public issue was ₹113 to ₹118, and the size of the 125 shares, priced at ₹14,750 at an upper price range. The grey market premium (GMP) of Shriram Properties was ₹17 on December 14. Here is how to check Shriram Properties’ IPO allotment status on stock exchange website: <ul><li>Go to the <a href="https://www.bseindia.com/investors/appli_check.aspx">BSE website</a> or NSE website<a href="https://www1.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp"> here</a>.</li><li>On BSE, Select 'Equity' and then from the dropdown, select 'Shriram Properties’.</li><li>Now, enter your application number and PAN.</li><li>Click on 'Search'.</li><li>Please note the details will only be available once the shares are allotted.</li></ul>You can also visit the registrar website (Link Intime India) to check your application <ul><li>Visit the registrar's website <a href="https://linkintime.co.in/MIPO/Ipoallotment.html">here</a>.</li><li>Click on 'Select company' and click on ‘Shriram Properties’.</li><li>Once the company is selected, you will have to enter either your PAN detail, the application number, or the client ID.</li><li>Enter the captcha and click ’submit’.</li></ul>Once you hit 'submit', the status of your application will appear on the screen. Please ensure the details that you provide are correct. It will show the number of shares you subscribed to and the number of shares allotted to you. SEE ALSO <a href="https://www.businessinsider.in/retail/news/aditya-birla-fashion-will-now-sell-reebok-products-in-india-and-10-other-asian-countries/articleshow/88272443.cms" data-type="tilCustomLink" style="">Aditya Birla Fashion will now sell Reebok products in India and 10 other Asian countries</a> <a href="https://www.businessinsider.in/business/startups/news/after-acquiring-scoopwhoop-good-glamm-group-buys-missmalini/articleshow/88268772.cms" data-type="tilCustomLink" style="">After acquiring ScoopWhoop, Good Glamm Group buys MissMalini</a> <a href="https://www.businessinsider.in/stock-market/news/medplus-health-services-is-a-good-play-on-growing-e-commerce-pharmacy-space-say-analysts/articleshow/88265079.cms" data-type="tilCustomLink" style="">MedPlus Health Services is a good play on growing e-commerce pharmacy space, say analysts; GMP at ₹300</a>

How to check allotment status of Shriram Properties’ IPO

<ul><li>Wealth management firm Anand Rathi Wealth is likely to announce its share allotment status today.</li><li>The grey market premium of the company’s share has been falling each day, which now stands at ₹25 per share.</li><li>The IPO of the company was subscribed 9.78 times on the last day of bidding.</li></ul>Wealth management firm Anand Rathi Wealth is likely to announce the allotment status of its initial public offering (IPO) today, December 9. The IPO was open for subscription from December 2 to December 6.. The company has raised ₹660 crore through the IPO that consists of a pure offer for sale of 1.75 crore shares by existing shareholders and promoters. <keyword id="12385526" type="General" weightage="20" keywordseo="anand-rathi-wealth-ipo" source="Orion">Anand Rathi Wealth IPO</keyword> received subscriptions for 9.78 times the number of shares offered in the three days of IPO bidding process. The grey market premium of the company’s shares show a premium of ₹25 from the higher end of the price band. The portion reserved for retail investors was oversubscribed by 7.76 times on the last day of the IPO bidding process. Anand Rathi Wealth has a dominant position in the distribution of financial products, with a focus on the growing HNI segment. Here is how to <keyword id="12690463" type="General" weightage="20" keywordseo="anand-rathi-wealth-ipo-allotment" source="Orion">Anand Rathi Wealth IPO allotment</keyword> status on stock exchange website: <ul><li>Go to the <a href="https://www.bseindia.com/investors/appli_check.aspx">BSE website</a> or NSE website<a href="https://www1.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp"> here</a>.</li><li>On BSE, Select 'Equity' and then from the dropdown, select ‘Anand Rathi Wealth’.</li><li>Now, enter your application number and PAN.</li><li>Click on 'Search'.</li><li>Please note the details will only be available once the shares are allotted.</li></ul>You can also visit the registrar website (Link Intime India) to check your application status. <ul><li>Visit the registrar's website <a href="https://linkintime.co.in/MIPO/Ipoallotment.html">here</a>.</li><li>Click on 'Select company' and click on ‘Anand Rathi Wealth’.</li><li>Once the company is selected, you will have to enter either your PAN detail, the application number, or the client ID.</li><li>Enter the captcha and click ’submit’.</li></ul>Once you hit 'submit', the status of your application will appear on the screen. Please ensure the details that you provide are correct. It will show the number of shares you subscribed to and the number of shares allotted to you. SEE ALSO: <a href="https://www.businessinsider.in/business/news/shriram-properties-ipo-company-has-dominant-position-in-residential-space-at-south-india-omicron-may-spoil-its-plans-once-again/articleshow/88167044.cms">Although Shriram Properties has solid future prospects, Omicron may mess things in the near term</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/ipo-bound-delhivery-gets-deeper-into-drone-technology-with-its-latest-acquisition/articleshow/88165083.cms">Delhivery gets closer to drone delivery with the acquisition of an American company</a>

Anand Rathi Wealth IPO: Here’s how you can check the allotment status

<ul><li>Shares of <keyword id="58899" type="General" weightage="20" keywordseo="shriram-properties" source="Orion">Shriram Properties</keyword> list at ₹94 while the shares were allotted at ₹113 per share.</li><li>The IPO was subscribed 4.6 times on the last day of the bidding.</li><li>The market capitalisation of the company stood at ₹1,594 crore.</li></ul>Shriram Properties, part of the Shriram Group and one of the leading residential real estate development companies in south India, listed 20% below the issue price of ₹113 apiece. The listing took place on a day that the Sensex and the Nifty fell around 2% due to weak global cues and COVID-19 variant Omicron scare. Keeping aside the company's strong position in the southern part of the country and growth prospects, analysts had expected a poor listing gains for the company because of the <a href="https://www.businessinsider.in/business/news/shriram-properties-ipo-company-has-dominant-position-in-residential-space-at-south-india-omicron-may-spoil-its-plans-once-again/articleshow/88167044.cms">COVID-19 scare</a>. The company has reported losses for two consecutive years because its business operations were impacted by COVID-19 induced lockdown and restrictions. “Although the company has a strong brand name in South India, during COVID when real estate was booming, they suffered losses. The grey market premium currently trades between 8-10%, but given the current market conditions, we might see a comparatively weak listing,” Aayush Agrawal, senior analyst at Swastika Investmart, told Business Insider on December 17. Post-listing, the market capitalisation of the company stood at ₹1,594 crore, according to BSE data. The shares of Shriram Properties were trading at ₹97, lower by 17% at 10.01 a.m., on December 20. The grey market had indicated a decent listing for Shriram Properties a day prior to the listing with a ₹9 premium per share. The IPO was open between December 8 and December 10 ⁠and was oversubscribed 4.6 times by investors. The company intended to raise ₹600 crore through this public issue. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/future-retail-wipro-bajaj-auto-and-other-hot-stocks-to-watch-out-for-on-december-20/slidelist/88381615.cms">Future Retail, Wipro, Bajaj Auto and other hot stocks to watch out for on December 20</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/here-is-how-to-check-the-allotment-status-of-medplus-health-services-ipo/articleshow/88374021.cms">Medplus Health Services’ IPO: Here is how to check allotment status</a>

Shriram Properties lists 20% below IPO price amid a market-wide meltdown

<ul><li>Indian <keyword id="4119607" type="General" weightage="20" keywordseo="space-startup" source="Orion">space startup</keyword> <keyword id="9750118" type="General" weightage="20" keywordseo="skyroot" source="Orion">Skyroot</keyword> Aerospace has raised $4.5 million in a bridge round.</li><li>The round is led by one of the earlier backers of Google, <keyword id="508899" type="General" weightage="20" keywordseo="ram-shriram" source="Orion">Ram Shriram</keyword>, through his VC firm Sherpalo Ventures.</li><li>Skyroot Aerospace had previously announced that it is in talks to raise $40 million.</li></ul>Indian space startup Skyroot Aerospace has raised $4.5 million in a bridge round led by one of the earlier backers of Google, Ram Shriram, through his venture capital (VC) firm Sherpalo Ventures. The bridge round was co-led by Wami Capital, with participation from former WhatsApp executive Neeraj Arora and former Google executive Amit Singhal. A bridge round is an intermediary financing ahead of a larger funding round. “India has long been a leader in rocket launch capability, especially at significantly lower cost. Skyroot takes that technical strength to the next level, with its innovative and cost-effective space launch capability, disrupting the status quo in the global launch market,” said Shriram of Sherpalo Ventures. The company was founded by former Indian Space Research Organisation (ISRO) scientists Pawan Kumar Chandana and Naga Bharath Daka in 2018. Skyroot Aerospace had previously announced that it is in <a href="https://www.businessinsider.in/business/startups/news/interview-these-former-isro-scientists-are-hoping-for-the-biggest-ever-funding-in-the-indian-spacetech-industry/articleshow/87911503.cms">talks to raise $40 million </a>in order to fund its commercial operations that are scheduled to launch next year. The company will raise this round with both new and existing investors. The company had announced a<a href="https://www.businessinsider.in/business/startups/news/skyroot-aerospace-raises-11-million-in-funding-with-plans-to-have-vikram-1-on-the-launch-pad-by-mid-2022/articleshow/82788901.cms"> $11 million funding round </a>in the first half of 2021, the same day its rival Agnikul raised the same amount. This was the largest round raised by any Indian <keyword id="6177850" type="General" weightage="20" keywordseo="spacetech" source="Orion">spacetech</keyword> startup. Skyroot is backed by Greenko Group founders Anil Kumar Chalamalasetty and Mahesh Kolli. Other notable investors also include former Graph Ventures, Worldquant Ventures and Mukesh Bansal, who had earlier founded Myntra and Cure.fit. The three-year-old startup is the first Indian private aerospace company to successfully test a fully cryogenic rocket engine named Dhawan-1 in honour of eminent Indian scientist Satish Dhawan. It will not license or sell its cryogenic engine technology to any other partners, but will use it to boost its operations. It will partner with other companies that have the capability of manufacturing satellites, mainly in earth observation and communication satellites, and help them launch it to space. Hyderabad-based Skyroot claims that it will probably be the cheapest satellite launch vehicle in the world. SEE ALSO <a class="tout-title-link" href="https://www.businessinsider.in/stock-market/news/reliance-industries-cipla-pnb-and-other-hot-stocks-on-january-27-after-us-fed-signals-rate-hikes-from-march/slidelist/89146298.cms">Reliance Industries, Cipla, PNB and other hot stocks on January 27 after US Fed signals rate hikes from March</a> <a href="https://www.businessinsider.in/stock-market/news/how-you-can-check-the-allotment-status-of-ags-transact-technologies-ipo/articleshow/89125068.cms">AGS Transact Technologies IPO: Here’s how you can check the allotment status</a> <a href="https://www.businessinsider.in/stock-market/news/adani-wilmars-issue-opens-today-check-out-the-important-dates-and-details-of-the-ipo/articleshow/89125018.cms">FMCG company Adani Wilmar’s issue opens today — Check out the important dates and details of the IPO</a>

Indian spacetech startup Skyroot has raised over $4 million in a round led by one of Google’s earliest backers

RateGain, Shriram, MapmyIndia and more — Check out the important dates of these upcoming IPOs and their grey market premiums

Equity benchmark <keyword id="6484188" type="General" weightage="20" keywordseo="Sensex" source="Orion">Sensex</keyword> rallied over 700 points in early trade on Wednesday, tracking gains in index majors Infosys, Reliance Industries and ICICI Bank ahead of the <keyword id="6354335" type="General" weightage="20" keywordseo="Reserve-Bank-of-India" source="Orion">Reserve Bank of India</keyword>'s monetary policy outcome. According to experts, markets bulls are enthused by a positive sentiment in global markets after top US public health expert Dr Antony Fauci observed that the Omicron variant is unlikely to be more severe than the Delta variant, removing market concern regarding the economic impact of the new variant. The 30-share index was trading 729.05 points or 1.26 per cent higher at 58,362.70 in initial deals. Similarly, the <keyword id="6354813" type="General" weightage="20" keywordseo="Nifty" source="Orion">Nifty</keyword> rose 202.15 points or 1.18 per cent to 17,378.85. HCL Tech was the top gainer in the Sensex pack, rising over 2 per cent, followed by Infosys, Bharti Airtel, Tech Mahindra, <keyword id="6354919" type="General" weightage="20" keywordseo="lt" source="Orion">L&amp;T</keyword>, Reliance Industries and ICICI Bank. On the other hand, <keyword id="45179" type="General" weightage="20" keywordseo="ntpc" source="Orion">NTPC</keyword> was the sole laggard. In the previous session, the 30-share equity benchmark ended 886.51 points or 1.56 per cent higher at 57,633.65, and Nifty rallied 264.45 points or 1.56 per cent to 17,176.70. Foreign institutional investors (FIIs) remained net sellers in the capital market, as they sold shares worth Rs 2,584.97 crore on Tuesday, as per exchange data. The Reserve Bank of India is scheduled to announce the outcome of its bi-monthly Monetary Policy Review at 1000 hours. The RBI's policy announcement is unlikely to be market-moving since the Monetary Policy Committee (MPC) is likely to retain the status quo on policy stance and rates, said VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services. A 10 per cent correction from the peak in a raging bull market provides good buying opportunities, particularly when the global equity backdrop is 'risk-on.' This favourable setting continues with the strong rally in the US market yesterday, he stated. However, he noted that since FIIs continue to be in the sell mode, markets may come under selling pressure at higher levels. Elsewhere in Asia, bourses in Shanghai, Seoul and Tokyo were trading with significant gains in mid-session deals, while Hong Kong was in the red. Stock exchanges in the US too rallied in the overnight session. Meanwhile, international oil benchmark Brent crude fell 0.42 per cent to USD 75.12 per barrel. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/shriram-properties-limited-ipo-open-today-all-you-need-to-know/articleshow/88145471.cms">Shriram Properties Limited IPO open today — All you need to know</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/here-is-how-you-can-check-tega-industries-ipo-allotment-status/articleshow/88145164.cms">Here is how you can check Tega Industries IPO allotment status</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/zoho-freshworks-and-top-indian-saas-companies-have-given-500-entrepreneurs-to-the-indian-startup-ecosystem/articleshow/88145310.cms">Zoho, Freshworks and top Indian SaaS companies have given 500 entrepreneurs to the Indian Startup ecosystem</a>

Sensex rallies over 700 points in early trade; Nifty tops 17,350 — HCL Tech, Infosys, Bharti Airtel, Tech Mahindra, L&T, Reliance Industries and ICICI Bank

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Shriram Properties will make its stock market debut tomorrow

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How to check allotment status of Shriram Properties’ IPO

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Anand Rathi Wealth IPO: Here’s how you can check the allotment status

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Shriram Properties lists 20% below IPO price amid a market-wide meltdown

Bhakti Makwana

Indian spacetech startup Skyroot has raised over $4 million in a round led by one of Google’s earliest backers

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RateGain, Shriram, MapmyIndia and more — Check out the important dates of these upcoming IPOs and their grey market premiums

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Sensex rallies over 700 points in early trade; Nifty tops 17,350 — HCL Tech, Infosys, Bharti Airtel, Tech Mahindra, L&T, Reliance Industries and ICICI Bank

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