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E-commerce platform Meesho is preparing for its Initial Public Offering. The company aims to launch its IPO in the second week of December. The offering is expected to raise between 5,500 crore and 6,000 crore. This move will allow some investors to partially exit. Meesho has received approval from Sebi for the IPO.
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News and Media
Lenskart Solutions debuted on Indian bourses with a 1.7% discount to its IPO price, listing at 395 against 402. Despite a strong IPO subscription, analysts advised caution due to high valuations, recommending investors monitor profitability for 2-3 quarters before fresh purchases.
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News and Media
Indian stock markets saw a rebound on Monday, with IT stocks leading the gains. This recovery followed three days of losses. Analysts suggest the market may trade within a range due to a lack of new catalysts. Investors are shifting focus to IT stocks, finding them attractive. Foreign investors were net sellers, while domestic investors bought shares.
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News and Media
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