The initial public offerings of Jiwanram Sheoduttrai Industries, Meson Valves India, and Unihealth Consultancy, which closed on September 12, attracted lot of interest from investors, partly backed by healthy equity market conditions.
Industrial safety gloves and garments manufacturer Jiwanram Sheoduttrai Industries' IPO has received bids for 78.04 crore equity shares against the offer size of 74.22 lakh shares, resulting into a subscription of 105.15 times.
Retail investors have bought 151.6 times the allotted quota and high networth individuals & other institutional investors have bid 69.80 times the portion set side for them.
Jiwanram Sheoduttrai Industries IPO
The Kolkata-based company launched its Rs 17.07-crore IPO on September 8, comprising only a fresh issue of 74.22 lakh equity shares which included reservation of 3.72 lakh shares for the market maker. The remaining 70.5 lakh shares, the net issue, were divided equally amongst retail investors and HNIs, which comes to 35.25 lakh shares each.
The offer price for the fixed price issue was Rs 23 per share.
The public issue of Meson Valves India received the best subscription numbers amongst these three public issues closed today. Investors have bought 50.23 crore equity shares in three days (September 8-September 12), which were 164.82 times higher than the offer size of 30.48 lakh shares.
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Retail investors have bid 204.02 times their reserved portion, and HNIs & other institutional investors bought 144.39 times the allotted quota.
The Pune-based valves and actuators supplier intends to raise Rs 31.09 crore via public issue of 30.48 lakh shares, at a price of Rs 102 per share. It was a fixed price issue.
The market maker had a reservation of 1.56 lakh shares in the offer, and of the remaining 28.92 lakh shares, the net issue, were divided in the 50:50 proportion amongst retail and HNIs.
Unihealth Consultancy's IPO also saw good response from investors, getting subscribed 22.96 times. Investors have bid for 7.03 crore equity shares against the offer size of 30.66 lakh shares.
Also read: Yatra Online sets price band at Rs 135-142 for its Rs 775 crore IPO
The reserved portion of retail investors was subscribed 24.61 times and that of high networth individuals 37.99 times, while qualified institutional investors bought 14.89 times the allotted quota.
The Rs 56.55-crore public issue opened on September 8, with a price band of Rs 126-132 per share. The IPO of 42,84,000 lakh shares included a reservation of 2,16,000 shares for the market maker and the remaining (40,68,000 shares) was the net issue. The net issue was further divided amongst retail investors, HNIs, and qualified institutional buyers in the 35:15:50 ratio.
This was a book built issue by the healthcare service provider, which operates a 200-operational hospital beds across two multi-specialty facilities i.e. UMC Victoria Hospital in Kampala, Uganda, and UMC Zhahir Hospital in Kano, Nigeria. Further, it also operates dialysis facility - Unihealth Medical Centre - in Mwanza, Tanzania.
The public issue of light-emitting diode (LED) strip lights maker Kundan Edifice was fully subscribed on the first day of bidding of September 12. The offer was booked 1.02 times as it received bids for 28.35 lakh shares against IPO size of 27.72 lakh shares.
The portion set aside for retail investors was subscribed 1.93 times and that of HNIs 23 percent.
The Mumbai-based company is planning to raise Rs 25.22 crore via public issue, at a price of Rs 91 per share. It is a fixed price issue.
The electronics manufacturing services company has reserved 141,600 equity shares for the market maker and the issue less than the market maker portion is the net issue of 26,30,400 shares which divided equally between retail investors and HNIs.
Gujarat-based construction company Chavda Infra also opened its public issue on September 12, which received good response from investors, getting subscribed 5.98 times. Investors have bought 2.84 crore equity shares against the offer size of 47.6 lakh shares.
Qualified institutional buyers have bid 3.5 times the part set aside for them, while HNIs have subscribed for 4.3 times their allotted quota, and the reserved portion of retail investors was booked 9.02 times.
The company that provides construction and allied services across residential and commercial projects in Gujarat aims to mop up Rs 43.26 crore via the IPO at upper end of price band of Rs 60-65 per share. The offer will close on September 14.
The IPO comprises only a fresh issue of 66.56 lakh equity shares. The company has reserved 3.36 lakh equity shares for the market maker and remaining 63.2 lakh equity shares portion is the net issue which divided in the 50:15:35 ratio among QIBs, HNIs, and retail investors.
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