Business News Live: Rishabh Instruments To Make Stock Market Debut, Economic Data To Impact


Business News Live: Hello and welcome to ABP Live’s Business LIVE blog. Please follow this space for all the breaking news and latest updates from the Stock Market, economy, and the corporate world. Here are some important events will be keeping an eye on August 30.

Macroeconomic Data

China is expected to release it’s official manufacturing purchasing managers’ index (PMI) on August 30. China’s manufacturing PMI increased to 49.3 in July, up from 49 in June. The data is expected to show an impact on global markets.

Further, anticipation about India’s economic data to be released on the last day of August is projected to make it’s impact felt in the market. The markets closed on Tuesday with nominal gains after trading higher throughout the session. 

IPOs Ahead

Rishabh Instruments raised Rs 147.2 crore via anchor book on Tuesday, ahead of it’s initial public offering (IPO) on August 30. The Nashik-based company will be open for subscription on Wednesday and will offer a fresh issue worth Rs 75 crore. The IPO is expected to be in the range of Rs 418-441 per share and investors can bid for minimum 34 shares in a lot and multiple lots after.

Aeroflex Industries is expected to be listed in the market on August 31. The IPO consists of a fresh issue worth Rs 162 crore and an offer for sale of up to 1.75 crore equity shares. The offer was in the price range of Rs 102-108 per share. The IPO was subscribed 97 times. 


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