
Delta Corp surges 7% as gaming arm files draft papers for IPO
Deltatech Gaming, a wholly owned subsidiary of Delta Corp, plans to raise ₹550 crore via IPO; the issue consists of fresh issue worth ₹250 crore and OFS worth ₹350 crore.
Deltatech Gaming, a wholly owned subsidiary of Delta Corp, plans to raise ₹550 crore via IPO; the issue consists of fresh issue worth ₹250 crore and OFS worth ₹350 crore.
Ethos shares listed at ₹830 on the BSE, a discount of 5.5% against the upper band of the issue price of ₹836-878 apiece. On the NSE, the stock opened 6% lower at ₹825.
Billionaire Gautam Adani-led Adani family is one of the seven cornerstone investors who have committed to subscribe a total of shares worth $570 million being offered by Borouge.
Post listing, Delhivery shares gained as much as 11.7% to hit an intraday high of ₹543.95 on the BSE, while Venus Pipes & Tubes surged 7.9% to a high of ₹351.75.
The IPO was subscribed 4% in early hours, with quota for retail investors and employees receiving 21%, and 3% bids, respectively.
Post listing, Rainbow Childrens Medicare shares declined as much as 11.3% against the issue price to hit a low of ₹480.80 on the BSE.
Campus Activewear’s IPO, the first to be listed on the exchanges in FY23, saw a strong subscription of 51.75 times in the share sale from April 26-28.
The new rule divides the category of non-institutional investors (NIIs) into two sub-categories, but stock exchanges are not providing the application amount under these two categories separately.
The portion reserved for employees and policyholders was subscribed 1.17 times and 1.99 times, respectively, on day one of bidding.
These companies have received SEBI’s approval last week to raise funds via IPO route.