Stock Market Live Updates: Nifty may start below 16,900; Shriram Properties shares to list today

Shriram Properties to list today

One of the top five residential real estate developers in South India, Shriram Properties will list on the stock exchanges on December 20.

Its initial public offering was subscribed 4.6 times, with retail investors bidding 12.7 times, while non-institutional and qualified institutional investors’ portions were subscribed 4.8 and 1.8 times.

The Shriram Group company launched its maiden public offer on December to raise Rs 600 crore.

Pre-Open

Sensex dives 400 points in pre-open session, Nifty hovers around 16,700 as bears look to tighten grip on Dalal Street.