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5 IPOs that gathered the most money in 2023
Tata Technologies, DOMS Industries, JSW Infrastructure, IREDA, and Cello World became the most lucrative IPOs of 2023
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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.
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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.
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