With the Nasdaq Stockholm IPO Pulse just below its recent high, IPO activity should stay in an upturn at least into early 2025. The message is similar for the U.S.-focused Nasdaq IPO Pulse.
The issue consists of a fresh issue of Rs 580 crore and an offer for sale of upto Rs 3420 crore by its promoter Shiv Chand Kansal. Currently Kandal holds 50 percent stake in the firm.