Tata Technologies
Tata Technologies’ IPO was a standout success, raising Rs 3,042.51 crores. It garnered a remarkable oversubscription of 69.43 times, with bids for 312.65 crore equity shares valued around Rs 1.56 lakh crore at the upper price band. This pushed the company’s valuation to Rs 20,283 crores. Notably, the IPO comprised solely an offer-for-sale (OFS) by the promoters and investors.
Indian Renewable Energy
Indian Renewable Energy’s IPO witnessed significant interest, getting subscribed 38.8 times. The bids totaled 1,827.25 crore shares against an IPO size of 47.09 crore shares. Institutional buyers led the subscription at 104.57 times, valuing the issue at Rs 58,472.07 crores within the price band of Rs 30-32 per share.
Gandhar Oil Refinery
Gandhar Oil Refinery’s IPO was a standout with a subscription of 64.07 times on the final bidding day. QIBs took the lead by subscribing 129 times their quota, while retail and HNIs also showed considerable interest. The IPO successfully raised Rs 500.69 crores through a combination of fresh issue and offer-for-sale.
Fedbank Financial Services
Fedbank Financial Services’ IPO witnessed 2.2 times subscription on the final day. Investors bid for 12.3 crore shares against an issue size of 5.6 crore. Retail investors, NIIs, and QIBs showed varying levels of interest in their allotted shares.
Flair Writing Industries
Flair Writing Industries’ IPO witnessed strong demand, being oversubscribed by 46.68 times. Retail investors, NIIs, and QIBs displayed significant interest, indicating a robust market response. The public issue comprised a mix of fresh issue and offer-for-sale.
SME IPOs
- Sunrest Lifescience: Subscribed 48 times, predominantly led by retail investors.
- Arrowhead Seperation Engineering: Subscribed 31 times, with retail investors leading the way.
- Rockingdeals Circular Economy: Overwhelming subscription of 213.64 times, indicating strong retail and NII interest.
- Swashthik Plascon: On the first day, showed a 47 percent subscription, indicating moderate initial interest.
