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Spunweb Nonwovens IPO was off to a strong start, garnering 7.61x subscription on Day 1, led by robust retail and NII demand. Shares are commanding a grey market premium of Rs 2530, indicating a potential 26% listing gain. The Rs 61 crore issue, entirely fresh, aims to fund working capital, invest in a subsidiary, and reduce debt.
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The move would reverse a US ban on sales of the high-end chip to the world's second largest economy.
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News and Media
The move would reverse a US ban on sales of the high-end chip to the world's second largest economy.
Category:
News and Media
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