SME IPOs: Fonebook, DelaPlex, Docmode fully subscribed on day 1; Brisk booked over 30x on final day

Fonebox Retail (Fonebook) IPO was subscribed over 8 times on the first day of bidding

Fonebook, DelaPlex and Docmode Health Technologies IPOs received a good response from investors, with the issues getting fully subscribed on the first day of bidding. Meanwhile, Brisk Technovision was subscribed over 31 times, on the final day of bidding. Let’s delve into the details of these small and medium enterprise (SME) IPOs.

Fonebox Retail (Fonebook) IPO was subscribed over eight times on the first day of bidding. Retail investors booked 33 times and non-institutional investors (NIIs) bought 1.84 times the allotted quota. The Rs 20.37-crore offer opened for subscription on January 25 and will close on January 30. The price band for the issue was fixed at Rs 66-70 per share.

Also Read: DelaPlex SME IPO: Check price band, GMP, financials, risks and listing date

DelaPlex’s public issue was subscribed 8.5 times on the first day of bidding. Retail investors picked 2.9 times, NIIs bought 1.38 times and QIBs booked 57 percent of the portion set aside for them. The price band of the Rs 46.08 crore IPO, which opened on January 25 and will close on January 30, was fixed at Rs 186-192 per share.

Also Read: Docmode Health Tech SME IPO: Check price band, GMP, financials, risks and listing date

Docmode Health Technologies’ public offer was subscribed 1.6 times on the first day of bidding. The retail portion was booked 2.94 times and NIIs picked 31 percent of the allotted quota. Through the IPO, the company aims to raise Rs 6.71 crore. The price is fixed at Rs 79 per share. The offer opened on January 25 and will close on January 30.

Also Read: Brisk Technovision SME IPO: Check price band, GMP, financials, risks and listing date

Brisk Technovision IPO was subscribed 31 times on the last day of bidding. Retail investors picked 24.76 times and NIIs bought 37.72 times the portion set aside for them. The price of the Rs 12.48 crore IPO, which opened on January 23 and closed on January 25, was fixed at Rs 156 per share.