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The total reservation of Macfos IPO has been fixed at 23,28,000 shares of which 1,16,400 shares are categorized for anchor investors, 11,04,000 for qualified institutional buyers (QIBs), 3,32,400 shares for non-institutional investors (NIIs) and 7,75,200 for retail investors (RIIs)

With air travel ramping up as the pandemic continues to ease, jet fuel is set to form a central plank in the global demand rebound, the IEA added.

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Promoters have put 1.56 crore shares on the block, and the floor price for the sale is Rs 1,875 a share, reports said. This is a 5.6% discount on the current market price. Shares of the company ended 2.5% down on the National Stock Exchange on Wednesday at Rs 1,986.05.​

Federal Reserve officials on Tuesday said that the U.S. central bank will need to maintain gradual increases to interest rates to beat inflation and suggested that price pressures driven by a hot jobs market could push borrowing costs higher than previously expected.

Barclays Plc, BNP Paribas SA, DBS Bank Ltd, Deutsche Bank AG, Emirates NBD Capital, ING Groep N.V., MUFG, Mizuho, SMBC Nikko and Standard Chartered Bank are organizing the calls

The Dow Jones Industrial Average fell 51.84 points, or 0.15%, at the open to 34,194.09

On the technical charts, the RSI of the stock stood at 44.7.

Broader markets posted higher gains, with Nifty Midcap 100 ending 0.62% higherFor more such web stories click on the ET icon below

The Nifty Pharma index closed 0.1 per cent down at 12237.1.