Indegene IPO: Issue subscribed over 5 times on Day 2
Issue receives strong interest from non-institutional investors, with quota subscribing 11.72 times
Issue receives strong interest from non-institutional investors, with quota subscribing 11.72 times
QIBs lead from the front as the quota subscribed 48 times after 109 cr shares were bid for against 2.25 cr on offer
A total of 97 anchor investors take part in the anchor book; they have been allocated 3.37 cr shares at ₹570 apiece
The IPO is a mix of fresh issue of shares up to ₹1,250 crore and an offer for sale (OFS) of up to ₹5,750 crore by Goswami Infratech Private Limited.
P N Gadgil Jewellers looks to raise up to ₹1,100 crore via the IPO route, while Crizac plans to garner up to ₹1,000 crore from the public issue.
Among main board IPOs, the public issue of ₹4,326 crore by Mankind Pharma was the largest in FY24, followed by Tata Tech (₹3,043 cr) and JSW Infra (₹2,800 cr).
Krystal Integrated Services raised ₹300 crore from IPO, which was subscribed 13.49 times
The share price of Popular Vehicles and Services listed at ₹289.20 on the NSE, down 1.96% against the IPO price of ₹295 apiece.
The IPO of Transrail Lighting is a combination of fresh equities and OFS components, while Manba Finance looks to raise capital entirely via fresh equity shares.
Post listing, Gopal Snacks shares fell as much as 14.7% to touch a low of ₹341.8 on the NSE, while the market capitalisation declined to ₹4,750 crore.