The initial public offering of LK Mehta Polymers was fully subscribed at 5.3 times on the first day of bidding, February 13, but Shanmuga Hospital IPO could not get fully booked on the same day.
The plastic products maker approached capital markets on Thursday to raise Rs 7.38 crore via public issue of 10.4 lakh shares which consists of entirely fresh issue. It is a fixed price issue with offer price of Rs 71 per share.
Investors picked 55.5 lakh equity shares compared to offer size of 10.4 lakh shares via 2,019 applications, the subscription data published on the BSE showed.
LK Mehta is going to utilise IPO funds for working capital requirement, and general corporate purpose.
The public issue of the company that operates multispecialty hospital with 151 beds capacity remained undersubscribed on the first day of bidding at 61.9 percent. Investors have applied for 23.64 lakh shares against the offer size of 38.18 lakh shares via 1,042 applications.
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The Tamil Nadu-based healthcare services provider targets to mobilise Rs 20.62 crore via initial share sale of 38.18 lakh shares at a price of Rs 54 per share. It is also a fixed price issue.
Shanmuga plans to utilise these IPO funds for purchase of additional medical equipment, and general corporate purposes.
Both public issues will remain open for subscription till February 17.
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