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The company recorded 26% year-on-year and 101% sequential rise in pre-sales at Rs 616 crore during the quarter ended December. Collections during the period also rose to Rs 452 crore taking its first nine month’s collection to Rs 1,533 crore

A bulk of the deals were concluded in the second half of the year and the largest exit route was through public market sales which includes exits at the time of listing as well as post IPO sales by the PE according to Arun Natrajan, founder of Venture Intelligence

The 52-week high serves as a crucial technical indicator for both traders and investors, reflecting the highest price a stock attained in the preceding year.

The Dow Jones Industrial Average fell 35.22 points, or 0.09%, at the open to 38,298.23.

Spot gold was up 0.8% at $2,047.96 per ounce by 09:25 a.m.(1425 GMT), after hitting its highest since Jan. 16 earlier in the session. U.S. gold futures rose 1.1% to $2,047.50.

The IPO comprises a fresh equity issue of Rs 600 crore and an offer for sale of Rs 320 crore. Under the OFS, promoter Apeejay Pvt Ltd will offload shares worth Rs 296 crore.

While the dollar-rupee pair "was well-offered during the session, the supply was absorbed promptly," a foreign exchange trader at a state-run bank said.

Top losers in the Nifty Bank index include stocks like IDFC First Bank, HDFC Bank, Axis Bank, and IndusInd Bank while buying was seen in PNB, Bank of Baroda, SBI, and ICICI Bank.