KFin Technologies makes quiet debut; falls 4% post listing
The weak listing of KFin Technologies was in line with D-Street expectations as weak equity market sentiments and lukewarm response to its IPO weighed on stock performance.
The weak listing of KFin Technologies was in line with D-Street expectations as weak equity market sentiments and lukewarm response to its IPO weighed on stock performance.
The IPO comprises a fresh issue of up to ₹357 crores and an offer for sale of up to 12,036,380 equity shares by existing shareholders.
Landmark Cars shares listed 6.9% lower at ₹471 on the NSE, while Aban Holdings opened a tad higher at ₹273 against the issue price of ₹270.
The ₹1,500-crore IPO of KFin Technologies will open on December 19; Elin Electronics will launch its ₹475 crore issue on December 20.
The IPO of Uniparts India was fully subscribed by 25.32 times on the back of strong demand from qualified institutional buyers.
Ahead of the IPO, Uniparts India has raised ₹250.69 crore by allotting 43,44,582 equity shares to 21 anchor investors.
The three-day IPO of Uniparts India will open on November 30, while Dharmaj Crop Guard will launch its public offer on November 28.
In the unofficial grey market, the Aether Industries shares are available at ₹10 premium, which is more than yesterday's premium of ₹4.
Aether Industries aims to raise around ₹808 crore through the IPO, which will be opened for subscription between May 24-26.
A total of ₹3,751 crore will be raised from net QIB portion, including mutual funds. The company will raise ₹2,813 crore from the non-institutional portion and ₹6,565 crore from the retail investors.