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Digit IPO Closes With 9.6X Subscription, QIBs Place Maximum Bids

Inc42 · 1y ago

Digit IPO Closes With 9.6X Subscription, QIBs Place Maximum Bids

Digit's public offering was oversubscribed 9.6 times, with retail individual investors subscribing 4.27 times, qualified institutional buyers 12.56 times, and non-institutional investors 7.25 times. The company plans to raise INR 2,614.6 Cr through the public offer, with the shares to be listed on the BSE and NSE. The funds raised will be used to maintain the company's solvency ratio. Digit joins other tech startups like TBO Tek, TAC Infosec, and Trust Fintech in listing on the stock market, while Awfis' IPO will open soon and other startups are awaiting SEBI approval for their IPOs.

Related News

BMW Ventures IPO Day 1: Subscription status, GMP, and key details inside. Is it worth bidding?

Economic Times

Economic Times · 3m ago

BMW Ventures IPO Day 1: Subscription status, GMP, and key details inside. Is it worth bidding?

BMW Ventures IPO opened for subscription with just 5% bids on Day 1, showing a muted start. The Rs 231.66 crore issue has no grey market premium yet, indicating weak sentiment. Retail saw 7% subscription, while NIIs and QIBs stayed away.

Sai Life Sciences' IPO subscribed 1.25X on Day 2 of bidding

YourStory

YourStory · 1y ago

Sai Life Sciences' IPO subscribed 1.25X on Day 2 of bidding

The IPO of Sai Life Sciences Ltd, backed by TPG Capital, received 1.25 times subscription on the second day. The IPO received bids for 486.23 million shares against 388.29 million shares on offer. The Qualified Institutional Buyers (QIBs) segment had 3.32 times subscription, while non-institutional investors subscribed 59% and retail individual investors subscribed 42%. The IPO, with a price band of Rs 522-549 per share, will conclude on Friday. Sai Life Sciences provides services in the drug discovery, development, and manufacturing for pharmaceutical companies and biotech firms.

Wakefit IPO closes with 2.52x overall subscription

Entrackr

Entrackr · 18d ago

Wakefit IPO closes with 2.52x overall subscription

Wakefit IPO closes with 2.52x overall subscription Home and sleep solutions brand Wakefit saw its IPO subscribed 2.52 times, with both QIB and retail portions receiving over 3 times bids. According to exchange data, retail investors led the demand with a 3.17x subscription, followed by Qualified Institutional Buyers (QIBs) at 3.04x, while Non-Institutional Investors (NIIs) subscribed 1.05x. The IPO was open for bidding from December 8 to 10 with a price band of Rs 185–195 per share. Share allotment is expected on December 11, and the company is scheduled to list on the BSE and NSE on December 15. According to its RHP, the company aims to raise Rs 377.2 crore through a fresh issue of shares, along with an offer for sale (OFS) of 4.68 crore equity shares worth Rs 911.7 crore. As part of the OFS, Peak XV will earn a 10x return on its investment, cashing out around Rs 397 crore. Ahead of the public subscription, the firm allotted 2.97 crore equity shares to anchor investors at Rs 195 each, raising Rs 580 crore from 33 anchors. The anchor book saw participation from HDFC MF, Axis MF, Mahindra MF, Edelweiss MF, Tata MF, and others. From the fresh proceeds, Wakefit plans to use the funds for store-related lease payments, marketing, setting up new COCO stores, and purchasing equipment. Wakefit posted operating revenue of Rs 724 crore and a net profit of Rs 35.57 crore in the first half of FY26. In FY25, its operating revenue grew nearly 30% to Rs 1,274 crore, though the company ended the year with a net loss of Rs 35 crore.

Trust Fintech IPO Closes With 101X Subscription

Inc42 · 1y ago

Trust Fintech IPO Closes With 101X Subscription

Trust Fintech, a fintech SaaS company, has closed its initial public offering (IPO) with a subscription of 101X on the final day. The IPO received bids for 45.39 crore shares against the 44.94 lakh shares on offer. The company plans to use the IPO proceeds for various purposes such as establishing a new development facility, upgrading infrastructure, enhancing existing products, and funding business development activities. Trust Fintech offers SaaS products and fintech solutions for the BFSI sector and reported a profit after tax of INR 7.27 crore in H1 FY24.

TBO Tek IPO Subscribed 1.15X On Day 1; Motilal Oswal Recommends Subscription

Inc42 · 1y ago

TBO Tek IPO Subscribed 1.15X On Day 1; Motilal Oswal Recommends Subscription

The initial public offering (IPO) of B2B travel portal TBO Tek was subscribed 1.15 times on the first day of bidding. The IPO received bids for 1.06 crore shares against the 92.85 lakh shares on offer. Retail investors showed the most interest, with bids for 52.75 lakh shares against the 16.82 lakh shares reserved for them. Non-institutional investors subscribed 2.08 times, while qualified institutional buyers (QIBs) subscribed only 0.01 times. The IPO is set to close on May 10. TBO Tek offers travel solutions to travel agents and tour operators.

Awfis IPO: Issue Subscribed Over 2X On Day 1 Driven By Retail Investor Interest

Inc42 · 1y ago

Awfis IPO: Issue Subscribed Over 2X On Day 1 Driven By Retail Investor Interest

Awfis, a co-working space provider, has received bids for 1.74 crore shares in its initial public offering (IPO), which is significantly oversubscribed compared to the 86.29 lakh shares on offer. The retail investors' portion is oversubscribed by 6.04 times, with the highest number of bids at 94.08 lakh. However, the response from qualified institutional buyers (QIBs) was relatively muted on the first day of the bidding process.

Meesho delivers massive gains for investors; shares list at a 46.4% premium to the IPO price

IndianStartupNews

IndianStartupNews · 18d ago

Meesho delivers massive gains for investors; shares list at a 46.4% premium to the IPO price

Meesho, originally a hyperlocal fashion platform named Fashnear, made a strong stock market debut, listing at a 46.4% premium on the NSE. The company's IPO was heavily oversubscribed, with significant interest from Qualified Institutional Buyers (QIBs). The IPO, priced at Rs 111 per share, attracted bids worth Rs 2.44 lakh crore. Meesho's FY25 revenue was Rs 9,390 crore, with current valuation at Rs 76,000 crore.

PhysicsWallah IPO: Issue Subscribed 5% On Day 1 So Far

Inc42 · 1m ago

PhysicsWallah IPO: Issue Subscribed 5% On Day 1 So Far

PhysicsWallah's IPO saw a modest 5% subscription on its first day, receiving bids for 87.68 lakh shares against 18.62 crore shares available. The retail individual investors’ segment showed the highest interest, achieving a 22% subscription, with bids for 75.44 lakh shares against 3.37 crore shares offered. The IPO is set with a price band of INR 103 to INR 109 per share and closes on November 13. PhysicsWallah raised INR 1,562.8 crore from anchor investors.

Pine Labs IPO Day 3: Weak GMP, tepid subscription demand. Should you apply?

Economic Times

Economic Times · 1m ago

Pine Labs IPO Day 3: Weak GMP, tepid subscription demand. Should you apply?

Pine Labs, a fintech company, launched its ₹3,900 crore IPO, which received a lukewarm response, with a 54% subscription on Day 2. The IPO struggled to attract interest, reflected by a declining grey market premium. Retail investors showed better participation at 87% subscription, while QIBs and NIIs were less enthusiastic. Despite current market sentiment, analysts like SBI Securities recommend a long-term investment, highlighting Pine Labs' strong growth potential in the digital payments sector.

Insuretech Unicorn Digit Gets SEBI Nod For IPO

Inc42 · 1y ago

Insuretech Unicorn Digit Gets SEBI Nod For IPO

Insurance technology company Digit Insurance has reportedly received approval from the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO). The approval comes almost a year after Digit refiled its draft red herring prospectus (DRHP). SEBI's letter to Digit and its IPO advisers stated that the proposed issue could open for subscription within a 12-month period. The approval suggests that SEBI is satisfied with the IPO application. Digit is aiming to list in May and would become the second insurtech startup to go public in India after Policybazaar's parent company.

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