The prospectus permitted the interim deployment of proceeds as an investment in liquid instruments only and did not permit such deployment of funds as ICDs.
The Indian IPO market continues to remain active with a number of new firms registering applications to go public.
The initial share-sale is being managed by Kotak Mahindra Capital Company, CLSA India, Edelweiss Financial Services and JM Financial.
Sebi's observations are necessary for any company to launch public issues like initial public offer (IPO), follow-on public offer (FPO) and rights issue.
On the NSE, the stock debuted at Rs 214.9 apiece, rising 48.2 per cent from the IPO price during the day.
Bhawanipore FC produced an impressive counter-attacking football to prevail over the side from Bengaluru in the first match of the five-team round-robin tournament.
Bengaluru United head coach Richard Hood spoke to The New Indian Express about their preparation, bio bubble challenges, conditioning levels among others ahead of the competition.
They said the Yogi government has lost all moral ground to rule where women, people from oppressed castes in are being systematically targeted.
The miniratna PSU is one of the largest neutral telecom infrastructure providers in the country, owning an optical fibre network .
The move comes following representations from the industry, the Securities and Exchange Board of India (Sebi) said in a circular.
Speaking at a press conference here on Wednesday, Paripoornananda claimed these leaders (non-Hindu) met with a miserable death as they did not sign a declaration at the TTD.
According to a statement issued by the franchise, Sipovic is CFC's third signing ahead of the upcoming season, following the arrival of Indian full-backs Reagan Singh and Chhuantea Fanai recently.
Experts feel increasing in liquidity flow and the rebounding of stock market amid higher participation of retail investors will garner a positive response for the three IPOs.
Several companies had postponed IPOs for until things turned better. Now, however, with the sharp turnaround in secondary markets investor appetite is reviving.
The Alipore Court Bar Association has around 3,000 lawyers as its members, a senior lawyer said.