The initial public offering (IPO) of Western Carriers was fully subscribed at 4.83 times as on day 2, receiving over 10 crore consolidated share bids as on Monday, 5 pm, against 2,08,68,467 crore shares available for subscription. The retail portion received a solid response and was booked 7.32 times. The non-institutional investors (NIIs) subscribed the … Read more
NEW DELHI – SoftBank-backed OfBusiness, an Indian shopping website that offers raw materials to businesses, is planning an Indian stock market offering worth up to $1 billion and is close to appointing bankers, a top executive told Reuters on Tuesday. The company is in active talks with Bank of America, Citi, JP Morgan and Morgan … Read more
After an oversubscription on the first day of the bidding process, the initial public offering (IPO) of Gala Precision Engineering was subscribed over 20 times on day 2. The issue opened for bidding on September 2 and will be closing on September 4. As of 11:30 am on day 2, the strongest demand was driven … Read more
The initial public offering (IPO) of Tolins Tyres will open for subscription on September 9. The issue will be available for investors to bid till September 11. The offer comprises a fresh equity sale of Rs 200 crore and an offer for sale (OFS) of Rs 30 crore. Under the OFS, promoters Kalamparambil Varkey Tolin … Read more
As massive subscription numbers for SME IPOs have left many old-timers dumbfounded, market regulator SEBI on Wednesday warned investors against promoters who paint an unrealistic picture of their operations. “It has come to the notice of SEBI that, post listing, some of the SME companies and / or their promoters have been resorting to certain … Read more
ET Intelligence Group : For those amazed at the overwhelming 400-times oversubscription of the ₹12-crore SME IPO of Resourceful Automobile, a two-wheeler dealer with just two Yamaha showrooms and eight employees, such oversubscription is no longer considered an exception in the Indian primary market. Data sourced from Prime Database show that 152 SME IPOs have … Read more
The initial public offering (IPO) of Premier Energies, which opened for bidding today, was fully subscribed due to strong demand from retail and non-institutional investors. As of 2 pm, the issue was subscribed 1.18 times, with the retail investor category booked 1.23 times. The non-institutional investor (NII) category saw strong demand, being subscribed 2.51 times. … Read more
Interarch Building Products Limited, whose initial public offering (IPO) will open for subscription on Monday, has garnered Rs 179.49 crore from anchor investors. The company has informed exchanges that it has allocated 19,94,288 equity shares at Rs 900 per share on Friday to anchor investors. Interarch is a turnkey pre-engineered steel construction solution providers in … Read more
The initial public offer (IPO) of Saraswati Saree Depot, which opened for subscription earlier today, sailed through within hours of opening. The subscription for the IPO, which closes on August 14, stood at 2.46 times so far on Day 1. The issue was fully subscribed in all the categories, but retail and non-institutional investors led … Read more
The SME IPO of Sunlite Recycling Industries opened for subscription today and will close on August 14. The company aims to raise about Rs 30.24 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the … Read more
