Meesho IPO's 46.40% listing gains, DGCA summons IndiGo CEO, & more - Groww Digest
Wednesday, 10 December 2025
Markets opened above yesterday’s closing point.
Media stocks and metal stocks rose the most today. Consumer durables stocks and IT stocks fell the most.
Global markets: Most US markets and most Asian markets fell. Most European markets fell (as of 6 pm IST).
News
China’s inflation rate rose to 0.7% in Nov (vs 0.2% in Oct). It is the highest level since Feb 2024.
Meesho IPO listed on the stock exchanges at a premium of 46.40% over the issue price and closed 53.23% up at the end of the day.
Aequs IPO listed on the stock exchanges at a premium of 12.90% over the issue price and closed 22.01% up at the end of the day.
Wakefit IPO was subscribed 2.52 times. Retail subscription: 3.17 times. IPO is closed for subscription.
Corona Remedies IPO was subscribed 137.04 times. Retail subscription: 28.73 times. IPO is closed for subscription.
Nephrocare Health IPO has been subscribed 0.12 times. Retail subscription: 0.20 times. IPO closes on 12 Dec.
Park Medi World IPO has been subscribed 0.52 times. Retail subscription: 0.61 times. IPO closes on 12 Dec.
Stocks Updates
InterGlobe (IndiGo): The DGCA summoned the CEO and senior officials to present data and updates about the airline’s disruption in operations: as per media reports.
Grasim: approved Global Infrastructure Partners’ investment of up to Rs 3,000 crore in its subsidiary Aditya Birla Renewables. This will result in the subsidiary to not be wholly owned.
Bajaj Auto: received a Rs 76.1 lakh duty plus penalties order from customs authority on misclassification of imported Li-ion batteries, which the company will challenge.
NTPC: company subsidiary, NTPC Green, declared 6.6 MW wind capacity operational from 11 Dec.
Tech Mahindra: announced the voluntary liquidation of its non-operational wholly-owned subsidiary, Tech Mahindra Holdco (Pty) Ltd.
Infosys: announced that its Singapore subsidiary has approved setting up a new wholly owned subsidiary, Infosys Vietnam LLC, in Vietnam.
Adani Enterprises: company subsidiary, Adani Airport Holdings, completed acquiring 99% of AGHPort Aviation Services, making it a step-down subsidiary.
Eternal (Zomato): announced that its inactive Sri Lanka subsidiary will be struck off and its Turkey step-down subsidiary has been liquidated.
Cipla: launched an injectable treatment for obesity and type 2 diabetes under its distribution agreement with Eli Lilly.
ICICI Bank: completed its agreement with Prudential to acquire an additional 2% stake in ICICI AMC, raising its stake to 53%.
Word of the Day
Credit Default Swap (CDS)
It is an insurance against a borrower defaulting on their debt
If an investor or lender is concerned that a borrower might fail to repay the debt, they can buy a CDS from a financial institution.
The buyer of the CDS makes periodic payments (premiums) to the seller of the CDS.
If a default happens, then the investor is compensated for the loss because of the CDS. Thus, risk is reduced for the investor.
6 Day Course
Theme: AIF
Day 3: Wednesday
The minimum investment amount in any AIF is Rs 1 crore.
For this reason, most investors in AIF are HNIs and UHNIs. Corporate companies and foreign investors also invest in AIFs.
This minimum investment limit does not apply to accredited investors. They may invest less than Rs 1 crore too if the AIF allows it.
Accredited investors are those who have more than Rs 7.5 crore of net worth.
Or, annual income of more than Rs 2 crore.
Or, annual income of more than Rs 1 crore and net worth more than Rs 5 crore with Rs 2.5 crore in financial products.
Also, each AIF can have a maximum of 1,000 investors.
Featured Questions
“While selling or purchasing on groww,there is associate buy or sell order accordingly,is there buyer or seller audience, from only groww or else from entire stock exchange audience.”
Across the entire stock exchange.
When you buy/sell shares, the investment platform is acting only as a broker.
The order is always sent to the exchange (BSE or NSE). The exchange finds buyers and sellers and matches them. This is done by an order matching engine.
It is the exchanges’ job to run these order matching engines.
So, the buyers and sellers can be from anywhere and are not restricted only to the investment platform you’re using.
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