IPO News Live: Indiqube Spaces Set To List At Discount
Indiqube Spaces’ discovery price is Rs 216, a 9% discount over the IPO price of Rs 237.
IPO News Live: GNG Electronics Set To List At Premium
GNG Electronics’ discovery price is Rs 355, a 50% premium over the IPO price of Rs 237.
M&B Engineering IPO Live: Raises Rs 292 Crore From Anchor Investors
M&B Engineering raised Rs 292 crore from anchor investors on Tuesday ahead of its initial public offering. The company allotted 75 lakh shares at Rs 385 apiece to 24 anchor investors. This includes a share premium of Rs 375 per equity share.
Abu Dhabi Investment Authority-Stable got the highest allocation of 12%. HDFC Mutual Fund-HDFC Manufacturing Fund got the second highest allotment of 10.72% and Aditya Birla Sun Life Trustee Pvt. A/C Aditya Birla Sun Life Small Cap Fund got 10.29% stake in the company.
NSDL IPO Live Updates: Anchor Round Fundraise
NSDL raised Rs 1,201.44 crore from anchor investors on Tuesday ahead of its initial public offering.
The company allotted 1.5 crore shares at Rs 800 apiece to 61 anchor investors. Life Insurance Corp. got the highest allocation of 11.99%. SmallCap World Fund Inc. got the second highest allotment of 8.33% and Fidelity Funds-India Focus Fund got 5.41% stake in the company.
IPO Live Updates: GNG Electronics, Indiqube Spaces To List
GNG Electronics Ltd. and Indiqube Spaces Ltd. will list on the stock exchanges today.
Both Indiqube Spaces and GNG Electronics’ issue price is Rs 237.
The pre-open order placement session has started for both the stock. This will last for 45 minutes (9:00 a.m. to 9:45 a.m.), during which orders may be entered, modified, and cancelled. No orders will be executed during this time.
IPO Live Updates: Aditya Infotech IPO Fully Subscribed On Day One
Aditya Infotech Ltd.’s initial public offering was fully subscribed on the first day of bidding on Tuesday, led by demand from retail and non-institutional investors.
The Rs 1,300-crore IPO comprises a fresh issue of equity shares worth Rs 500 crore and an offer-for-sale of shares valued at Rs 800 crore. The bidding for the IPO will close on July 31.
The Aditya Infotech IPO has been subscribed 1.14 times as of 1.50 p.m. on Tuesday.
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Qualified Institutions: 0.01 times or 1%.
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Non-Institutional Buyers: 1.55 times.
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Retail Investors: 3.93 times.
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Portion reserved for employees: 0.81 times or 81%.
IPO Live Updates: NSDL, Sri Lotus Developers, M&B Engineering Open Today
Today, the primary market will be buzzing with three new IPOs opening and two entering its second day of bidding.
National Securities and Depository Ltd., Sri Lotus Developers and Realty Ltd. and M&B Engineering Ltd. are set to float their IPOs on the stock exchanges today.
The IPOs of Aditya Infotech Ltd. and Laxmi India Finance Ltd. will proceed to the second day.
. Read more on IPOs by NDTV Profit.