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Cremica Foods is among at least half a dozen companies in the consumer space that have either filed for a stock market listing or are in the process of finalising plans for doing so. They include premium alcohol importer Monika Alcobev, Wai Wai noodle maker CG Foods, B9 Beverages, Wow! Momo and Ganesh Consumer.
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Of the 21 IPOs since December 1, 19 shares returned between 9% and 160% on their debut. After the positive start, 17 are trading below their opening prices.
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The inflows which had peaked at over 22,000 crore in August have tapered due to escalating US yields and a depreciating rupee making Indian government bonds less attractive to foreign portfolio investors, fixed income experts said.
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News and Media
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