Institutional portion subscribed 12.68 times; retail crosses quota.
The National Stock Exchange of India's (NSE) mega Rs 22,569-crore initial public offering (IPO) was fully subscribed on the second day of bidding, driven by strong interest from qualified institutional buyers and non-institutional investors.
Jindal Supreme (India) Ltd's initial public offering, a manufacturer of plastic piping solutions, was subscribed an astounding 181.07 times on its final day, reflecting robust investor demand across all categories.
Six initial public offerings, including Rentomojo Ltd and Karamtara Engineering, were fully subscribed on their final day of bidding, with Rentomojo's IPO subscribed 72.88 times and Karamtara's 62.63 times, reflecting robust investor appetite in the primary market.
The National Stock Exchange of India's initial public offering (IPO) was subscribed 5.69 times, with qualified institutional buyers (QIBs) showing the strongest demand, as the Rs 22,561-crore issue moves towards allotment and a planned listing on the BSE.
The National Stock Exchange of India's (NSE) mega Rs 22,569-crore initial public offering (IPO) was subscribed 43 per cent on its first day of bidding, making it India's second-largest public issue after Hyundai Motor India's Rs 27,870-crore IPO in 2024.
The initial public offering (IPO) of auto components maker Hero Motors Ltd was fully subscribed on its first day of bidding, receiving bids for 1.38 times the shares on offer, with strong interest from retail investors.
The initial public offering (IPO) of e-commerce enablement platform Shiprocket Ltd was subscribed an impressive 99.38 times on its final day of bidding, attracting bids for over 9.38 billion shares against 94.43 million on offer.
The National Stock Exchange (NSE) has set its initial public offering (IPO) price band at Rs 1,700-1,785 per equity share, with the subscription period running from September 17 to September 21, aiming to raise up to Rs 22,569 crore.
The initial public offering (IPO) of engineered fabric manufacturer Kusumgar Ltd was subscribed an impressive 128.85 times on its final day of bidding, largely driven by robust demand from Qualified Institutional Buyers (QIBs).
Shares of engineered fabric manufacturer Kusumgar Ltd listed with a significant 37 per cent premium against its issue price of Rs 419, opening at Rs 574 on the BSE and Rs 569 on the NSE.
The initial public offering (IPO) of engineered fabric manufacturer Kusumgar Ltd was subscribed 13.13 times on the second day of bidding, driven by strong interest from non-institutional and retail investors.
The initial public offer (IPO) of SBI Funds Management Ltd was fully subscribed on the second day of bidding, receiving bids for 1.17 times the shares on offer, with strong interest from non-institutional investors and anchor investors.
A New York Times report on Thursday (local time) has claimed that the US Justice Department is contemplating dropping charges against industrialist and Adani Group chairman Gautam Adani.
Gautam Adani and Sagar Adani are seeking the dismissal of a US Securities and Exchange Commission (SEC) securities fraud lawsuit, arguing that the case represents an impermissible extraterritorial application of US law and fails for lack of personal jurisdiction.
A US judge has granted Gautam Adani's request for a hearing to dismiss a US Securities and Exchange Commission (SEC) fraud case, with Adani's legal team arguing the case lacks jurisdiction and credible evidence.
The Shree Ram Twistex IPO enters Day 3 with strong investor interest. Check latest GMP, subscription status, price band, company fundamentals, and expert review to decide whether to apply.
The initial public offering of LG Electronics India Ltd received 54.02 times subscription on the final day of bidding on Thursday, driven by overwhelming participation from institutional buyers.
The initial public offering of non-banking financial company Tata Capital Ltd got fully subscribed on the final day of bidding on Wednesday. The company's Rs 15,512 crore share sale received bids for 45,84,78,044 shares against 33,34,36,996 shares on offer, translating into 1.38 times subscription, according to NSE data till 13:36 hours.
The initial public offer of app-based beauty and home services platform Urban Company Ltd received overwhelming investor participation, with the issue getting a huge 103.63 times subscription on the last day of bidding on Friday. The Rs 1,900-crore IPO received bids for 11,06,46,08,960 shares against 10,67,73,244 shares on offer, according to NSE data.
In a far reaching move to develop Indian capital markets, the Securities and Exchange Board of India on Friday decided to remove discretion in allotment of shares to qualified institutional buyers (QIBs) in the public offering.
Investors may wait for six months and then take another look at the stock.
Country's largest lender State Bank of India (SBI) is looking to be among 10 top global banks in market capitalisation terms in the next five years, chairman CS Setty said on Wednesday. "The scope for value creation for the stakeholders is potentially very high. So the larger ambition is if the market supports whether we can be part of the top 10 global banks in terms of the market capitalisation (five years)," he said after listing of shares issued under Qualified Institutional Placement (QIP) at NSE.
The Securities and Exchange Board of India (Sebi) is set to introduce key reforms aimed at facilitating smoother mega initial public offerings (IPOs). Key among the proposals is a reduction in the quota reserved for individual investors - those applying for less than Rs 2,00,000 per application - from the current 35 per cent to 25 per cent for large IPOs (issue size above Rs 5,000 crore).
Petronet LNG is likely to first allot shares to qualified institutional bidders -- bidding at Rs 15 a share in the event of the offer price being fixed at the lower end of the Rs 13-15 price band.
The initial public offer of Hyundai Motor India Ltd, the Indian arm of South Korean automaker Hyundai, got subscribed 2.37 times on the third day of the bidding on Thursday, helped by institutional buyers. This is the largest IPO in the country, surpassing LIC's initial share sale of Rs 21,000 crore. The Rs 27,870 crore initial share sale got bids for 23,63,26,937 shares against 9,97,69,810 shares on offer, translating into 2.37 times subscription, as per NSE data.
The initial public offer of Hyundai Motor India Ltd, the Indian arm of South Korean automaker Hyundai, received an 18 per cent subscription on the first day of bidding on Tuesday. The Rs 27,870 crore initial share sale received bids for 1,77,89,457 shares against 9,97,69,810 shares on offer, as per NSE data. The IPO received over 9 lakh applications on the first day.
Domestic mutual funds (MFs) have underpinned demand for most public floats this year, dominated by small- and mid-sized initial public offerings (IPOs). Of the 24 IPOs that have hit the market so far this financial year (2023-24, or FY24), MFs have played the role of 'anchor investors' in 20. They have subscribed to over 40 per cent, or Rs 2,850 crore, worth of shares of the Rs 6,900 crore on offer in the anchor category, according to data provided by PRIME Database, a firm that tracks primary market data.
The Rs 6,145-crore initial public offer of electric two-wheeler company Ola Electric Mobility got fully subscribed on the second day of bidding on Monday, driven by demand from retail investors and non-institutional investors. The initial share sale received bids for 49,43,63,610 shares against 46,51,59,451 shares on offer, translating into 1.06 times subscription, according to the NSE data.
The Rs 20,000 crore share sale of Adani group's flagship firm was fully subscribed on Tuesday after non-retail investors bid in big volumes, according to stock exchange data. As many as 4.62 crore shares were sought as against an offer of 4.55 crore.
Through anchor allotment, a firm can demonstrate the demand for shares by getting marquee investors on board.
The strong response for the IPOs, however, has shifted liquidity away from the secondary markets, with the benchmark Sensex falling 1.3 per cent in the previous two trading sessions.
LIC's public offer, the country's biggest-ever IPO, witnessed full subscription of the retail portion on day three on Friday. The overall issue was subscribed 1.38 times, according to data posted on stock exchanges on 7 pm. Against 16,20,78,067 shares on offer, 22,36,98,915 bids were received. However, the Qualified Institutional Buyer (QIB) and Non-Institutional Investor (NII) portions are yet to be fully subscribed.
LIC's public offer, the country's biggest-ever IPO, was fully subscribed on the second day of bidding on Thursday. Against 16,20,78,067 shares on offer, 16,68,60,765 bids were received -- translating into a subscription of 1.03 times, as per data on stock exchanges as of 7 pm. However, the Qualified Institutional Buyer (QIB) and Non-Institutional Investor (NII) portions have received a tepid response so far.
Paytm's Rs 18,300 crore IPO was oversubscribed 1.89 times on the last day of India's biggest share sale on Wednesday, making it one of the country's most valued companies. The initial public offering of Paytm's parent company One97 Communications Ltd received bids for 9.14 crore equity shares against the offer size of 4.83 crore shares, according to information available from stock exchanges. While the portion set aside for retail investors was oversubscribed early, institutional buyers including FIIs flooded the share sale with offers on Wednesday, seeking 2.79 times the number of shares reserved for them.
LIC's public offer, the country's biggest-ever IPO, saw the policyholders' portion being oversubscribed on the first day itself on Wednesday, though overall subscription stood at just 66 per cent. The government aims to generate about Rs 21,000 crore by selling 3.5 per cent stake in the insurance behemoth. The LIC initial public offering (IPO), open for retail and institutional investors, is set to close on May 9. The issue period also includes bidding on Saturday, May 7.
Market players said NBFCs and HNIs are recalibrating their plans based on the changing dynamics.
Against an offer of 4.55 crore shares of Adani Enterprises Ltd, only 4.7 lakh were subscribed, according to information available from the BSE. Adani Enterprises fell almost 20 per cent to below the offer price of its secondary sale as all the seven listed companies of the conglomerate took a beating in the aftermath of Hindenberg Reserach alleged that the group was "engaged in a brazen stock manipulation and accounting fraud scheme over the course of decades".
