SME IPOs: KK Shah, Vrundavan, Shanthala subscribed over 2 times, Transteel bought 1.08 times

KK Shah Hospitals IPO opened for subscription on October 27 and will close on October 31

KK Shah Hospitals, Vrundavan Plantation, Transteel Seating Technologies and Shanthala FMCG Products IPOs remained open for subscription on October 30. These IPOs have captured investors’ attention with some of them being oversubscribed by nearly three times their allotted shares. Let's dive into the subscription status of these SME issues to uncover investor fervour and market enthusiasm.

KK Shah Hospitals

KK Shah Hospitals' IPO opened for subscription on October 27 and will close on October 31. The price has been fixed at Rs 45 per share. The Rs 8.78-crore IPO has been subscribed 2.94 times on Day 2. Retail investors bought 2.91 times while high-net-worth individuals picked 2.98 times the allotted quota.

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Vrundavan Plantation 

Vrundavan Plantation's public offer, which opened on October 30 and will close on November 1, received a strong response from investors. The Rs 15.29 crore issue has been oversubscribed 2 times on Day 1. The retail portion was bought 3.35 times while HNIs picked 0.65 times the allotted quota. The issue price has been fixed at Rs 108 per share.

Transteel Seating Technologies

Transteel Seating Technologies IPO received a decent response from investors as the public issue, which opened for subscription on October 30 and will close on November 1, has been subscribed 1.08 times on Day 1. Retail investors bid 2.7 times and HNIs bought 1.76 times, the allotted quota. The price band of Rs 49.98 crore issue has been fixed at Rs 67-70 per share.

Also Read: Mamaearth IPO opens on Oct 31: Ten things to know before you buy it

Shanthala FMCG Products

Shanthala FMCG Products Rs 16.07 crore IPO has been subscribed 2.26 times on Day 2. The price for the issue, which opened for subscription on October 27 and will close on October 31, has been fixed at Rs 91 per share. Retail investors picked 1.72 times while HNIs bought 2.8 times the allotted quota.