Slight rise in the stock market today: Sensex is trading at the level of 73,950, opportunity to invest in the IPO of Indengine Limited.

Flat trading is being seen in the stock market today i.e. on 7th May. Sensex is trading at the level of 73,950 with a rise of more than 50 points. At the same time, Nifty is also seeing a rise of more than 20 points, it is trading at the level of 22,450. During early trading, out of 30 Sensex stocks, 19 saw a rise and 11 saw a fall. Opportunity to invest in Indengine Limited’s IPO: Indengine Limited’s Initial Public Offer i.e. IPO has opened for public subscription from 6th May. Retail investors will be able to bid for this IPO from May 6 to May 8. On May 13, the company’s shares will be listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). Indengine Limited has fixed the price band of this issue at ₹430-₹452. Retail investors can bid for a minimum of one lot i.e. 33 shares. If you apply for 1 lot as per the upper price band of IPO of ₹ 452, then you will have to invest a minimum of ₹ 14,916. Whereas, retail investors can apply for maximum 13 lots i.e. 429 shares. For this, investors will have to invest ₹ 193,908 as per the upper price band. There was flat trading in the market yesterday. Earlier yesterday i.e. on 6th May, flat trading was seen in the stock market. The Sensex closed at 73,895 with a gain of 17 points. At the same time, there was a decline of 33 points in Nifty, it closed at the level of 22,442.

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