Stock market news: Liqvd Digital IPO, Axiom Gas debut and NSE’s dabba trading warning

Digital marketing firm Liqvd Digital India's ₹39-crore initial share sale had been subscribed 5.08 times on the last day of bidding, attracting 3.86 crore equity shares against 75.94 shares on offer, according to bourse data. The retail portion was subscribed 1.43 times, while the qualified institutional buyer category was fully subscribed. The non-institutional portion was subscribed 21.02 times.

Axiom Gas Engineering made its debut on the NSE Emerge platform, trading at ₹54.75 per share, against an issue price of ₹54. The company's IPO was subscribed 1.37 times, with over ₹61.43 crore in bids. Axiom Gas intended to utilize funds from the fresh issue for expanding its LPG dispensing station network, enhancing storage and bottling plants, technological innovation and automation, energy initiatives, debt repayment, and general corporate purposes.

The National Stock Exchange (NSE) has issued a cautionary note to investors regarding a Telegram channel named Dabba Traders and the Blue Rock Trading Platform. The exchange claims these platforms provide illegal dabba trading services that violate securities laws and could lead to prosecution under the Securities Contracts (Regulation) Act. Persons contravening specified provisions may face up to 10 years in prison, a fine of up to ₹25 crore, or both.

The NSE warned investors not to subscribe to schemes or products offered through these illegal trading platforms, emphasizing that participation in such platforms is at their own risk. Comments must be in English, full sentences, and compliant with community guidelines.