
Indian IPOs inundated with bogus applications
Bogus applications in LIC, Delhivery, Prudent Corporate Advisory, and Venus Pipes and Tubes range between 30% and 70%, creating an impression of high demand.
Bogus applications in LIC, Delhivery, Prudent Corporate Advisory, and Venus Pipes and Tubes range between 30% and 70%, creating an impression of high demand.
eMudhra's IPO issue has been subscribed around 0.40 times on the first day so far, with the retail individual investors' quota booked 0.78 times.
IPO-bound Indian companies are shying away from launching issues on the back of feeble investment climate.
The government is hopeful that the initial public offering (IPO) of the Life Insurance Corporation (LIC) will be launched soon.
The widely publicised Adani Wilmar IPO which had originally planned raising ₹4,500 crore, was closed just before Budget ₹900 crore short .
The 3-day IPO of Adani Wilmar will open for subscription on January 27 at a price band of ₹218-230 per share.
Global central banks' crisis interventions to cut interest rates combined with improved corporate earnings have buoyed investors’ sentiments.
The fast food chain has already set the price band for its initial public offering, which is expected to open on December 2 for three days.