Hello,India’s IPO season remains as robust as ever, with two companies in the spotlight this time: Aye Finance and Fractal Analytics. Aye Finance Ltd.’s Rs 1,010 crore IPO attracted bids exceeding the issue size in value terms, even as the share sale was subscribed 97% based on total shares bid on the final day on Wednesday. Qualified institutional buyers (QIBs) led the demand, whose portion was subscribed 1.5 times.Meanwhile, Fractal Analytics also closed the final day of bidding for its $314 million offering fully subscribed. QIBs led the subscriptions here too, bidding for 2 times the number of shares offered, while the portions allotted for retail and non-institutional investors were subscribed 77% and 45%, respectively.Meanwhile, the rift between Bitcoin and stocks grows, with the cryptocurrency declining while US equities rallied after a stronger-than-anticipated US jobs report.In fact, Coinbase Global CEO Brian Armstrong, whose fortune has dropped by more than half since July, is no longer among the world’s 500 richest people amid tumbling crypto prices, according to a Bloomberg report.Moving on, is fibre the new protein? From TikTok “fibermaxxing” tutorials to fibre-enriched bars and sodas, industry experts have predicted high-fibre foods will be a major trend this year. In today’s newsletter, we will talk… Read MoreYourStory RSS Feed
