India-EU trade agreement

India-EU FTA: Opportunities, Challenges & Strategic Gains

by
India-EU Free Trade Agreement signing timeline confirmed by Commerce Secretary Rajesh Agrawal

Ernst & Young (E&Y) chief policy advisor DK Srivastava EY stated on January 28 that the India EU Free Trade Agreement (FTA) will be dynamic in character and that its benefits will only become apparent if the government and the business sector take advantage of the India EU trade deal opportunities it generates. After more … Read more

India-EU Trade Agreement: Key Industries Set to Benefit

by
Grover Jewells' shares surpass gray market predictions by listing at a 9% premium to the SME IPO price. On February 11, Grover Jewells' shares made a modest debut on the stock market, going up to Rs 96 per on the NSE Emerge platform. This is a premium of almost 9% above the Rs 88 IPO price per share. With a market valuation of Rs 139.27 crore, the company made its debut on the stock exchanges. Grey market estimates versus listing premium: The listing premium has greatly exceeded grey market expectations, even with the market's lackluster beginning. The company's unlisted shares were trading flat at the IPO price of Rs 88 with no grey market premium (GMP) prior to listing. When the IPO was up for public bidding from February 4 to February 6, the site's quoted GMP was close to 3 percent. The company's unlisted shares were trading at 0 GMP over the IPO price, according to IPO Watch as well. Grover Jewells IPO: Grover Jewells, a gold jewelry manufacturer situated in Delhi, went public in order to generate Rs 33.83 crore by issuing 38.44 lakh shares at a price range of Rs 83–88 each. With a minimum investment of Rs 1.41 lakh, investors could bid for 1,600 shares, and then in multiples. The IPO received over 19 subscriptions between February 4 and February 6, indicating that investors were quite interested in it throughout its three days of public bidding. With approximately 38 bookings of their allotted allocation, non-institutional investors (NII) shown the highest level of interest in the IPO. Qualified institutional buyers (QIB) and retail sections were reserved 11 times and 16 times, respectively. Working capital will be the primary use of the IPO proceeds, with the remaining sum going toward general business needs.

Experts predict that Indian equity markets will see the highly anticipated free trade agreement (FTA) between India and the European Union as a positive sentiment trigger rather than a structural game-changer, with specific sectoral opportunities across textiles, services, manufacturing, aviation, and pharmaceuticals. India-EU Trade Agreement Momentum Builds Speaking at the World Economic Forum in Davos … Read more