Magenta Lifecare

SME IPOs: SME IPOs spark a gold rush as investors eye big bounties

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SME IPOs: SME IPOs spark a gold rush as investors eye big bounties

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

Magenta Lifecare IPO booked over 300x so far on Day 3; Sattrix Information’s issue subscribed 12x

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Magenta Lifecare IPO booked over 300x so far on Day 3; Sattrix Information’s issue subscribed 12x

The initial public offer (IPO) of Magenta Lifecare was subscribed over 300 times so far on the third day of the bidding process. The issue closes today. The strong demand was led by retail investors, whose category was booked over 400 times, followed by NII investors, whose portion received a subscription of over 300 times. … Read more