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Benchmark indices opened sharply higher on short covering and following positive lead from global peers. Investors are interested to see the outcome of Federal Reserve meeting due tonightState-owned steel manufacturer Mishra Dhatu Nigam (MIDHANI) has opened its initial public offering for subscription.
The IPO comprises of an offer for sale of 4,87,08,400 equity shares by the President of India acting through the Ministry of Defence.
The offer will constitute 26 percent of the post issue paid-up equity share capital.
The company has fixed price band at Rs 87-90 per share for the issue that is scheduled to close on March 23, 2018.
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