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The price band for Vedant Fashions IPO has been fixed at Rs 824-866 per share.

TCI Express Ltd., incorporated in the year 2008, is a Mid Cap company (having a market cap of Rs 7447.76 Crore) operating in Logistics sector.

In the last 10 budgets (excluding the interim Budgets of 2019 and 2014), Nifty50 has fallen seven times on D-Days.

A total of 40,758 shares changed hands on the counter till 11:42AM (IST).

The company has reserved equity shares aggregating to Rs 107 crore for its eligible employees who will get a discount of Rs 21 per share during the bidding process.

As of 31-Dec-2021, promoters held 46.86 per cent stake in the company, while FIIs held 10.84 per cent and domestic institutional investors had 4.48 per cent.

Gross margin fell 126 basis points to 43 per cent in Q3FY22. Ebitda margin came in at 23.6 per cent, down 61 basis points over 24.2 per cent last year.

Goldman Sachs said investor focus will be on translation of Paytm’s robust reported GMV growth and disbursals into revenues, as well as further clarity on potential MDR regulations, which has been a key overhang on the stock

Earlier in the quarter, the bank faced allegations of loan ever-greening in the microfinance business it carries out through Bharat Financial Inclusion, a wholly-owned subsidiary.

The company management said on the cost front, the company continued to witness an increase in commodity prices with an inflation of 4 per cent sequentially (quarter on quarter) and 20 per cent over last year.