Earlier this week, the `5,550-crore situation of Sona BLW Precision was subscribed 2.33 occasions, whereas Shyam Metalics’ `909-crore providing bought bids price 121 occasions the IPO dimension.
Dodla’s providing acquired bids for 38.78 crore fairness shares in opposition to the provided dimension of 85.07 lakh fairness shares. KIMS acquired bids for five.55 crore shares in opposition to the IPO dimension of 1.44 crore shares, in accordance with inventory exchanges knowledge.
The certified institutional consumers’ portion within the Normal Atlantic-backed KIMS Hospitals was subscribed 5.27 occasions, and the portion put aside for retail traders was subscribed 2.9 occasions. The non-institutional traders or excessive networth people portion subscribed 1.89 occasions. The IPO was priced within the band of `815-825 a share.
The problem comprised a recent situation of `200 crore and a suggestion on the market of ` 1,944 crore by shareholders.
In Dodla’s IPO, certified institutional consumers’ portion was subscribed 85 occasions. Non-institutional traders bid for 73.26 occasions the shares put aside for them, whereas the retail traders’ portion was subscribed 11.34 occasions. The IPO, which was priced at `421-428 per share, included a recent situation of `50 crore and a suggestion on the market of `470 crore by the present shareholders.
Buyers have been bullish on IPOs up to now in 2021 because of the buoyant markets. Since January, 21 firms have raised about `26,625 crore from the IPO in comparison with `26,613 crore raised by 15 firms in the identical interval final 12 months.
About half a dozen firms, together with Seven Iceland Delivery, Arohan Monetary Companies, India Pesticides, Rolex Rings, Glenmark Life Sciences, and Utkarsh Small Finance Financial institution have acquired Sebi approvals to drift IPOs. Over 25 firms have filed their draft purple herring prospectuses (DRHP) with the capital markets regulator to boost a complete of greater than `50,000 crore. Foodtech platform Zomato filed its DRHP for `8,250 crore. Aadhar Housing Finance is planning a `7,000-crore IPO whereas Nuvoco Vistas Company filed DRHP to boost round `5,000 crore.