Symbiotec Pharmalab is launching its IPO on August 24, aiming to raise ₹1,757 crore at a price band of ₹938– ₹988 per share. The offering will be open until August 27, with a minimum investment of ₹14,820 for retail investors.

As of 10:45 a.m. Eastern Time, the S&P 500 rose 0.3%, the Dow Jones Industrial Average was up 0.6%, and the Nasdaq Composite was 0.2% higher.

Sebi's model draws on the experience of mutual fund distributors, who have helped expand mutual fund penetration beyond major urban centres.

The Sensex ended the week down 0.6%, while the Nifty declined 0.5%.

Shares of Saatvik Green Energy rose 4.5% to ₹419 after winning a ₹190 crore solar PV module order, marking its largest gain in over a month. Despite recent volatility, the stock has rebounded 22% from March lows but remains below its issue price.