The maiden public issue of Swasth Foodtech was fully booked at 2.14 times, but the initial share sale of HP Telecom India remained undersubscribed at 0.67 times on February 20, the first day of bidding.
Both public issues will remain open till February 24, 2025.
Investors have subscribed for 21.13 lakh equity shares compared to the issue size of 31.69 lakh shares via 805 applications, the subscription data published on the NSE showed.
The Gujarat-based mobile phones and accessories distributor intends to raise Rs 34.23 crore via IPO which comprises of solely fresh issue of 31.69 lakh shares. It is a fixed price issue, with offer price of Rs 108 per share.
These IPO funds will be utilised mainly for working capital requirements, and the remainder for general corporate purpose.
Click Here To Read All IPO News
Meanwhile, the initial public offering of the rice bran oil processing company has received bids for 34.03 lakh shares against the offer size of 15.87 lakh shares through 2,553 applications, the subscription data on the BSE showed.
Swasth Foodtech, that markets and sells rice bran oil, along with byproducts approached capital markets to mobilise Rs 14.92 crore via public issue at a price of Rs 94 per share.
The IPO funds will be utilised for setting up a packing line at the existing manufacturing unit, working capital requirements, and general corporate purposes.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
