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The last two months have been hectic for IPO investors with a flurry of listings. September, particularly, was the busiest in nearly three decades. For investors startled with the number of IPOs, marquee picks from star names might have a clue as to which IPOs are worth looking at. Ashish Kacholia is one such name who invested in the
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Fabtech Technologies, a biopharma engineering solutions provider, launched its Rs 230 crore IPO on September 29, closing October 1, with a price band of Rs 181-191. The issue is attracting strong grey market interest, indicating an 18% listing gain expectation. Proceeds will fund working capital and acquisitions, bolstering its robust financial performance and diversified order book.
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Gold prices rose on Monday, hovering near an all-time high, fueled by a weaker U.S. dollar and growing expectations for Federal Reserve interest rate cuts later this year. Traders are currently pricing in a 90% chance of a Fed cut in October. This surge occurred despite weakening physical demand in China, while other Asian hubs saw steady buying.
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