Ujjwal Jain, CEO of PhonePe’s stock trading platform Share.Market, has stepped down after four years. Jain launched Share.Market in August 2023 and previously built WealthDesk and OpenQ before PhonePe acquired them. The departure comes as PhonePe has reportedly postponed its IPO plans, raising questions about the platform’s next phase.
Om Power Transmission’s Rs 150 crore IPO is nearing its close with about 81% subscription. Retail demand remains steady, but grey market premiums point to a modest potential listing gain rather than a blockbuster. The EPC company plans to use IPO proceeds for business expansion, reducing debt, and supporting its strong order book amid competitive power transmission projects.
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Mehul Telecom’s SME IPO has opened for subscription, raising Rs 28 crore with a price band of Rs 96–98. The issue is aimed at funding working capital and general corporate requirements. Early grey market signals point to a modest premium, suggesting a possible slight gain on listing for investors watching the GMP closely.
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