Stocks in Focus on March 25: Domestic equity benchmarks ended near the day's low amid a significant selloff on Wednesday, March 24, 2021. The S&P BSE Sensex tumbled 871.13 points or 1.74 per cent to 49,180.31. The Nifty 50 index slumped 265.35 points 1.79 per cent to 14,549.40. But certain stocks came in the news after the market was closed. These stocks can impact the indices when it reopens on Thursday, March 25, 2021. List of such five stocks:

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New Listing + Barbeque Nation IPO Update

Craftsman Automation: Shares of auto component maker will make the stock market debut today. The Rs 824 crore IPO of the company was subscribed 3.82 times and was sold in the price range of Rs 1,488-1,490 per share.

Laxmi Organic Industries: Shares of the specialty chemicals manufacturer will make the stock market debut today. The Rs 660 crore IPO was subscribed 107 times and was sold in a price band of Rs 129-130 per share.

Barbeque Nation IPO: Barbeque Nation's initial public offering (IPO) was subscribed 1.3 times on the first day of subscription, i.e. on March 24, 2021. The retail portion of the offer was subscribed 6.14 times, while QIB and NII were subscribed 0.37 times and 0.07 times, respectively. Today was the second day for the subscription for the public offer. The public offer will close on Friday, March 26, 2021. The company has fixed the price band for its issue at Rs 498-500 per share. Barbeque Nation plans to raise around Rs 453 crore at the upper end of the price band. The IPO consists of a fresh issue of shares worth Rs 180 crore and an offer for sale of up to 5.46 million equity shares worth Rs 273 crore by the present shareholders and promoters. The minimum order quantity of the IPO is 30 shares, i.e. a minimum investment of Rs 15,000. Promoter's holding will fall from 47.8% to 37.79% after the issue.

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Chemical Sector in Focus: The government is likely to incentivize the chemical sector as it is working on a PLI scheme worth Rs 19,000 crore for chemical and petrochemical sectors, sources informed Zee Business. GNFC and BASF are likely to be benefitted the most from the plan. According to the sources, the government has plans to incentivize the C1 value chain players, who make chemicals with Methanol and Ammonia. C1 value chain products worth more than Rs 15,000 crore is annually imported in the country. Stability in natural gas prices is positive for methanol producers.

RVNL + Wabco India OFS

Rail Vikas Nigam Ltd (RVNL): The offer for sale (OFS) of the government’s equity share in RVNL will open for retail investors today. The non-retail portion was subscribed 1.05 times yesterday. The government has used the oversubscription option. It will take an additional 0.53% oversubscription option on the base issue (1.10 crore shares). At present, the government has an 87.84% stake in RVNL with the rest 12.16% stake is with the public. After selling a 15% stake, RVNL will meet the minimum 25% public shareholding norm set by the market regulator SEBI.

Wabco India: The promoter has plans to offload 18.10% stakes (Base Issue: 9.05% + Oversubscription Issue: 9.05%) through an offer for sale (OFS). The floor price of Rs 5,450 per share is at a discount of 10.67% to Wednesday's closing price of 6096.25 on NSE. The OFS opens for non-Retail Investors today and for retail investors tomorrow.

Jubilant FoodWorks: The company has entered into an exclusive Master Franchise and Development Agreement with PLK APAC Pte. Ltd., a subsidiary of Restaurant Brands International Inc., to develop, establish, own and operate hundreds of Popeyes® restaurants in India, Bangladesh, Nepal and Bhutan in the coming years.

Zensar Technologies + Asian Granito

Zensar Technologies: The Vanguard Group bought 17.8 lakh shares. Amansa Holdings sold 16.8 lakh shares.
Asian Granito: Promoter has decided to convert 7.29 lakh warrants into equity shares at Rs 180. The Company had issued 47 lakh warrants to the promoter on April 5, 2019.