Markets

Though the market started on a strong footing despite mixed cues from Asian markets, metal stocks were under tremendous pressure on Monday

Venus Pipes & Tubes IPO was subscribed 16.31 times on the final day of bidding, receiving bids for 5,79,48,730 shares against 35,51,914 shares on offer

Paradeep Phosphates IPO saw a decent subscription rate of 1.75 times as investors booked 1.75 times or 47,02,00,150 shares against the issue size of 26,86,76,858 shares up for sale.

Prudent Corporate Advisory Services' unlisted shares in the grey market are trading at a premium of Rs 20, indicating likely listing above the issue price of Rs 630 apiece

LIC's shares on Tuesday opened at a discount of 8.61 per cent at Rs 867.20 apiece; its IPO was subscribed 2.95 times

The Venus Pipes IPO, which opened on May 11 and closed on May 13, Friday, received a total subscription rate of 16.31 per cent mainly due to the backing of retail investors.

Venus Pipes has reserved half of the offer for qualified institutional buyers, 15 percent for non-institutional investors and the remaining 35 percent for retail investors.

Stocks to watch today: Shares of firms like SBI, Larsen & Toubro, Eicher Motors, Vodafone, and others will be in focus in Friday's trade

On the other hand, Asian Paints, HUL, Infosys, RIL, L&T, IndusInd Bank, Cipla and Britannia were the top laggards, down up to 2 per cent.

LIC IPO GMP (grey market premium) has been continuously correcting for nearly one week. Know what does it mean for investors

Market action may remain subdued as investors remain jittery amid high inflation and rising rates

LIC IPO sailed through on Thursday, garnering bids for 16.68 crore shares against the 16.21 crore on offer. The issue will remain open till Monday, May 9. It will remain open for investors on Saturday and Sunday as well.

LIC IPO for Policyholders: The LIC IPO GMP today stands at Rs 65, which is the same as yesterday

LIC IPO: The LIC IPO is expected to garner Rs 21,000 crore at the upper end of the price band, and will be a key factor for the government to meet its divestment targets.

After closing in red on Friday, the benchmark indices Sensex and Nifty50 opened in the deep red zone on Monday.

Stocks to watch today: Shares of firms like Wipro, HDFC, Britannia Industries, Adani Wilmar, and others will be in focus in Monday's trade