The 30-share pack Sensex rose 85.26 points or 0.14 per cent to close at 61,235.30. The index gyrated in a range of 400 points. Its broader peer NSE Nifty climbed 45.45 points or 0.25 per cent to 18,257.80.
Initial price guidance was around 185 basis points (bps) over U.S. Treasuries (UST) for a tranche due in between 14-1/2 and 15 years and around 235 bps over UST for paper maturing in 24-1/2 to 25 years, the document from one of the banks on the deal showed.
"So in a long-term sense, equity mutual funds actively managed should stabilise at about 50-60 bps of net earnings to any manager. India will be lower compared to many other markets."
The Nifty IT index closed 0.01 per cent up at 38607.0.
A total of 352,455 shares changed hands on the counter till 02:00PM (IST)
During the day, Paytm shares hit an all-time low of Rs 1,051, eroding over half of the value from its IPO price of Rs 2,150.
Promoters held 62.55 per cent stake in the company as of 30-Sep-2021, while FII and DII ownership stood at 13.53 per cent and 7.64 per cent, respectively.
Dinesh Gupta, Co-founder, UnlistedZone said the company is trading around Rs 170-175 in the pre-IPO market. He expects IPO to be priced in the range of Rs 175-200 per share.
Wipro Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 357075.37 Crore) operating in IT Software sector.
"The (revenue) growth forecast for FY2022 has been revised downward by 200 bps to 15-17 per cent from the earlier estimates due to the ongoing Omicron wave, delayed recovery in semi-conductors and muted two-wheelers and bus demand," Icra Assistant Vice President and Sector Head Vinutaa S said in a statement.
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