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Unicommerce's ₹277-crore IPO fully subscribed on first day
Inshorts · 1y ago
Medial
SaaS startup Unicommerce eSolutions' ₹276.6-crore IPO was fully subscribed on the first day of the bidding. As of 2:09 pm, the IPO was subscribed 1.58 times, with the retail portion receiving 7.10 times subscription and the non-institutional category receiving 1.07 times subscription. Promoter AceVector Group (formerly Snapdeal) and SoftBank are offloading up to 2.56 crore shares in the IPO.
Mobikwik IPO subscribed 17 times, driven by retail investors
Economic Times · 8m ago
Medial
Digital payment application Mobikwik's initial public offering (IPO) has been subscribed 17 times at the end of the second day. The retail portion was subscribed 58 times, while the non-institutional portion was booked 22 times. Institutional buyers are yet to fully subscribe to their reserved shares. Mobikwik aims to raise Rs 572 crore through the IPO. The company raised Rs 257.4 crore from anchor investors, including Peak XV Partners, ADIA, and American Express. In FY24, Mobikwik reported an operating revenue of Rs 875 crore, a 62% increase from the previous year.
Kalpataru IPO sees muted response on Day 1. Check subscription, GMP and other details
Economic Times · 1m ago
Medial
Kalpataru's IPO showed a lackluster start with only 9% overall subscription on its first day. Retail investors accounted for a 33% subscription, while institutional investors did not participate. Priced between Rs 387 and Rs 414, the Rs 1,590 crore IPO aims to repay a significant portion of company debt. Analysts raised concerns about high valuations and debt, assigning a "NEUTRAL" rating, citing the need for sustained pre-sales performance post-listing.
Akme Fintrade IPO day 2: Issue subscribed 11.63 times on HNIs, retail support
Money Control · 1y ago
Medial
Akme Fintrade India's initial public offering (IPO) was subscribed 11.63 times on the second day of bidding. Non-institutional investors showed strong interest, with high net worth individuals subscribing 22.22 times the portion set aside for them. Retail investors also showed enthusiasm, buying 15.16 times the allotted quota. The IPO, which aims to raise Rs 132 crore, will close on June 21. The funds will primarily be used to augment the company's capital base for future capital requirements. The issue price is set at Rs 114-120 per share.
Travel Food Services IPO subscribed 27% on day 3; check GMP, and other details
Economic Times · 1m ago
Medial
The Travel Food Services IPO was subscribed 27% on its final day, attracting a muted response from investors. The retail portion saw a 31% subscription, while non-institutional investors subscribed 28%, and qualified institutional buyers subscribed 19%. The IPO, which included no fresh equity, had a grey market premium suggesting a modest listing gain. The company raised Rs 599 crore from anchor investors and operates India's largest airport food and lounge network.
Smartworks IPO: Issue Subscribed 17% On Day 1 So Far
Inc42 · 1m ago
Medial
On its first day, Smartworks' IPO was 50% subscribed. The non-institutional investors' segment was completely subscribed, receiving bids for 22.14 lakh shares versus 22.17 lakh on offer. Retail investors bid for 29.56 lakh shares against 51.73 lakh available, a 57% subscription rate, while employees bid for 49.9K of the 1.07 lakh reserved shares, translating to 47% subscription. Overall, 52.25 lakh shares were bid for out of 1.04 crore on offer.
'It takes a village': Swiggy debuts at 8% premium over IPO price
Economic Times · 9m ago
Medial
Food and grocery delivery company Swiggy debuted on the stock market with a 7.69% premium over its IPO price of Rs 390 on NSE, listing at Rs 420. The IPO saw 3.6 times oversubscription, primarily driven by institutional investors. Retail investors subscribed to their portion 1.14 times, while non-institutional investors bid for only 41% of the shares reserved for them. Swiggy had set the price band for its IPO at Rs 371-390 per share.
Carlyle-backed Indegene’s IPO gets bumper response; Aadhar Housing, TBO Tek make slow start
VCCircle · 1y ago
Medial
Private equity-backed companies, Indegene Ltd, Aadhar Housing Finance, and TBO Tek Ltd, entered the stock market this week. Indegene, providing digital services for the life sciences industry, received overwhelming investor response, with subscription reaching 69.66 times the shares on offer. Aadhar Housing Finance, backed by Blackstone, had a lukewarm response on the first day, with only 43% of its issue size being subscribed. Finally, TBO Tek’s IPO was fully subscribed, with retail investors showing the highest interest.
Hyundai Motor India's Rs 27,870 Cr IPO subscribed 9% so far on Day 1
YourStory · 10m ago
Medial
Hyundai Motor India Ltd's initial public offering (IPO) received a 9% subscription during the early hours of bidding. The IPO, valued at INR 27,870 crore ($3.3 billion), received bids for 89,92,522 shares against the offer of 9,97,69,810 shares. The portion for retail investors saw a subscription of 15%, and the non-institutional investors category had a 6% subscription. The IPO, which started on October 15 and will run until October 17, is solely an Offer for Sale by Hyundai Motor Company (HMC), with the Indian arm not receiving any proceeds. The proceeds of the sale will go towards enhancing the brand image and providing liquidity for HMC.
Swiggy IPO: 500 Employees To Join The ‘Crorepati’ Club
Inc42 · 9m ago
Medial
Swiggy, a popular food delivery platform, is set to make its public listing soon. The company has allotted stock options to its employees over the years, resulting in about 5,000 current and former employees holding stakes in the company. The total value of these stock options is estimated to be INR 8,959 crore at the upper end of the initial public offering (IPO) price band. Swiggy's shares will be listed on both the BSE and the NSE.
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