Flash PMIs for November will be released. Two IPOs will debut on the stock markets while the board of Siemens will meet to consider financial results
One 97 Communications, the largest initial public offering (IPO) in India till now, made a weak debut on the stock exchanges. Another company, Sapphire Foods, also had a lacklustre listing. One 97 Communications IPO got a tepid response from investors receiving bids less than two times the shares offered. The IPO was priced at a sky-high valuation. Comparatively, Sapphire Foods IPO was priced at a discount to its peers and received bids 6 times the shares offered. Two more IPOs will…
