The initial public offer of IT firm Newgen Software Technologies was subscribed 70 percent on the second day of its listing today.
The company had raised Rs 179 crore from anchor investors yesterday.
Incorporated by the railways ministry, the company provides transport consultancy and engineering services.
Brokerage houses largely recommend subscribing to the issue, citing reasonable valuations as well as that of having a good track record.
The company had filed its draft papers with Securities and Exchange Board of India (Sebi) in November last year and obtained 'observations' from the regulator on January 12, 2018, the latest update with markets watchdog showed.
IT firm Newgen Software Technologies on Monday raised over Rs 127 crore from anchor investors ahead of its initial share-sale, which opens on Tuesday.
Casual dining chain Barbeque- Nation Hospitality has received markets regulator SEBI's approval to raise an estimated Rs 700 crore through initial public offering (IPO).
The issue price has been set in the range of Rs 240-245 apiece and the company plans to raise around Rs 450 crore.
The IPO to raise Rs 156 crore received bids for 1,02,22,96,950 shares against the total issue size of 41,44,955 shares, data available with NSE till 1630 hrs showed.
Apollo, whose IPO opened yesterday, on a net worth of Rs 63 crore, company is seeking to raise Rs 156 crore for a mere 24.7 percent stake.
The public issue comprises a fresh issue of equity shares aggregating up to Rs 475 crore and an offer for sale of up to Rs 125 crore by promoters Jasbir Singh aggregating up to Rs 62.5 crore and Daljit Singh up to Rs 62.5 crore.
The company fixed a price of Rs 270-275 per share and said that the proceeds will be used to meet additional working capital and other general corporate purposes.
The IPO, to raise about Rs 424 crore, comprises fresh issue of up to Rs 950 million by the company and an offer for sale by the selling shareholders.
Indian IT firm Newgen Software Technologies is planning to raise around Rs 450 crore through initial public offer, which it expects to launch this month.
Lemon Tree Hotels' public offer comprises sale of up to 19,57,97,000 equity shares by the existing shareholders, including Maplewood, Whispering Resorts, Palms International and RJ Corp.
"Bandhan Bank Ltd has filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) for its proposed initial public offering of up to 11,92,80,494 equity shares of face value of Rs 10 each," the lender said in a statement.
The stock locked at 5 percent upper circuit at close, compared with pre-opening price.
The initial public offer (IPO) was oversubscribed 243.20 times.
The qualified institutional buyers (QIBs) portion got oversubscribed 103.36 times, non institutional investors 396.99 times and retail investors 76.26 times, merchant banking sources said. The issue is in the price band of Rs 45-50.
Astron Paper and Board Mills' initial public offer (IPO) was over-subscribed 12.39 times on the third day of issue on Tuesday.
The IPO to raise Rs 70 crore received bids for 9,60,60,160 shares against the total issue size of 1,40,00,000 shares, data available with the NSE showed.
The company is going to list on NSE Emerge, Amrit J Shah, Managing Director of the company, informed reporters here.
The stock listed at Rs 674 on the BSE on Monday. The issue price was fixed at Rs 664 per share.
Earlier this year, ICICI Bank had diluted part of its holding in ICICI Lombard General Insurance Company's IPO.
The public issue of the logistics arm of Future Group was subscribed 7.56 times during December 6-8, 2017.