Tata Technologies, DOMS Industries, JSW Infrastructure, IREDA, and Cello World became the most lucrative IPOs of 2023. These five issues amassed bids worth nearly Rs 4 lakh crore with Tata Tech alone garnering the Rs 1.5 lakh crore. Let’s delve into the details of these IPOs.
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Tata Technologies rocked the IPO street, raising Rs 3,042.51 crore. With total bids soaring to an impressive Rs 1.55 lakh crore, the IPO hit the high note with a subscription of 69.43 times. Against the price band of Rs 475-500 per share, it's now trading at Rs 1,209.2, over 141 percent higher than the upper end.
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DOMS Industries raised Rs 1,200 crore via IPO. Surpassing expectations, total bids surged to Rs 65,060 crore, resulting in a jaw-dropping subscription of 93.52 times. The stock is now trading over 70 percent higher at Rs 1,351.7 against the issue price of Rs 750-790 per share.
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JSW Infrastructure through the public offer raised Rs 2,800 crore. Total bids reached Rs 61,693 crore, leading to a strong subscription of 37.37 times. Priced at Rs 113-119 per share, it's now trading at Rs 214.35, over an 80 percent surge from the upper price end.
IREDA made waves, amassing Rs 2,150.21 crore. With total bids at Rs 58,788 crore, it flaunted a subscription of 38.8 times. Priced at Rs 30-32 per share, it's now lighting up the market at Rs 109.84, a whopping 243 percent rise from the upper end of the price band.
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Cello World raised Rs 1,900 crore. Total bids reached Rs 56,081 crore, resulting in a subscription of 38.9 times. Priced at Rs 617-648 per share, it's now trading 19 percent higher at Rs 775.35.
Yash Sadhak Shrivastava is an aspiring voice in the Journalistic forefront with experience in covering financial markets & geopolitics.
