Market Bizzz

The Rs 53.40 crore IPO, which opened for subscription on August 25, 2026, received an overwhelming response from investors. The issue was subscribed 162.94 times overall, reflecting strong demand across investor categories.

The IPO opened for subscription on August 25 and closed on August 28, attracting an overall subscription of 2.93 times. Retail investors bid for 2.68 times the shares reserved for them, while the Qualified Institutional Buyers (QIB) category was subscribed 1.72 times. The Non-Institutional Investors (NII) segment recorded stronger demand, with subscription reaching 3.55 times.

Operating under a fresh local entity fully registered with India’s Financial Intelligence Unit (FIU-IND) and compliant with local tax frameworks, Coinbase has achieved a major competitive breakthrough: a custom-built, bespoke Indian Rupee (INR) on-ramp and off-ramp.

Under Sebi’s T+1 settlement cycle, investors need to purchase a company’s shares at least one trading day before the record date to ensure the shares are credited to their demat accounts in time, and they become eligible for the corporate action. Accordingly, today is the last opportunity for investors to buy the shares so that they are credited to their accounts by the record date (September 2), making them eligible for the dividend.

Purple Style Labs, the parent company of luxury fashion platform Pernia’s Pop-Up Shop, has fixed the price band at Rs 546–575 per equity share. The Rs 680-crore issue comprises entirely a fresh issue of 1.18 crore equity shares.

The Rs 825 crore IPO, priced at Rs 788 per share, comprised a fresh issue of 79 lakh shares worth Rs 620 crore and an offer for sale (OFS) of 26 lakh shares aggregating Rs 205 crore. Ahead of the public issue, the company had also raised Rs 246.30 crore from anchor investors.

U.S. forces on Sunday struck two launchers on Iran’s Larak island in the Strait of Hormuz. It was the first known American strike on the Gulf nation since late July. Iran responded by attacking two U.S. air bases in Jordan, Iranian media reported on Monday, citing Iran’s Revolutionary Guards.

Blackstone is looking to sell a stake of up to 25.03 percent in Knowledge Realty Trust. This offer encompasses both a base stake and an oversubscription option. The base price has been established at 108 rupees per unit. Knowledge Realty Trust, supported by Blackstone and Sattva Group, manages a diverse portfolio of assets. Since its listing in August 2025, the REIT has experienced moderate growth.

Max Estates has successfully acquired 84.71 acres in West Delhi for a whopping Rs 420 crore. This bold move paves the way for future residential and commercial projects, estimated to yield between Rs 10,000 and Rs 12,000 crore in revenue. By entering Delhi’s housing market, Max Estates significantly enhances its land portfolio while ensuring robust future growth without immediate cash expenditure.