MARKET UPDATES: In a significant week for the Indian stock market, three major IPOs are set to launch tomorrow, August 1. These include offerings from Ola Electric, Ceigall India, and Akums Drugs and Pharmaceuticals Limited, each bringing unique investment opportunities. Additionally, investors should note the scheduled market holidays in August 2024, which include several weekends and national holidays, impacting trading days.

1. Ola Electric IPO
Ola Electric's IPO will open for subscriptions from August 1 to 6. The anchor offer starts on August 1, with the public offer available from August 2. The company aims to raise approximately $740 million, marking a significant milestone for an Indian electric vehicle manufacturer.

2. Ceigall India IPO
The Ceigall India IPO subscription period begins on Thursday, August 1, and concludes on Monday, August 5. The price range for this offering is set between Rs. 380 and Rs. 401 per equity share, each with a face value of Rs. 5. Allocation to anchor investors is also scheduled.

3. Akums Drugs and Pharmaceuticals Limited IPO
Akums Drugs and Pharmaceuticals Limited will open its IPO for subscription on Tuesday, July 30, and close on Thursday, August 1. The public offer has a price band of Rs. 646 to Rs. 679 per share, each with a face value of Rs. 2. The IPO for anchor investors opened on Monday, July 29, according to Bombay Stock Exchange filings.

August 2024 Stock Market Holidays

The Indian stock markets will observe 10 holidays in August 2024, including weekends. Both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will be closed on these dates. Here’s the list of holidays for investors and traders:

August 3, 2024: Saturday (Weekend)
August 4, 2024: Sunday (Weekend)
August 10, 2024: Saturday (Weekend)
August 11, 2024: Sunday (Weekend)
August 15, 2024: Thursday (Independence Day - National Holiday)
August 17, 2024: Saturday (Weekend)
August 18, 2024: Sunday (Weekend)
August 24, 2024: Saturday (Weekend)
August 25, 2024: Sunday (Weekend)
August 31, 2024: Saturday (Weekend)

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