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Smartworks IPO: Issue Subscribed 17% On Day 1 So Far
Inc42
·
29d 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.
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Hyundai IPO last day today: Will India's largest public issue hit Rs 1 lakh crore bids? Check subscription update
Money Control
·
9m ago
Medial
Hyundai Motor India's IPO enters its final day of bidding, with investors closely watching if the Rs 27,800 crore public issue will be fully subscribed or even reach Rs 1 lakh crore in total bids. The IPO has already raised Rs 8,315 crore through anchor allocation and would require Rs 91,685 crore in total bids to hit the Rs 1 lakh crore mark. The public issue has garnered significant interest, with 42% subscription by the end of day two. Hyundai India expects a strong response to positively impact market sentiment.
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ArisInfra IPO: Issue Subscribed 18% On Day 1 So Far
Inc42
·
1m ago
Medial
ArisInfra Solutions' IPO was subscribed 24% on its first day, with retail investors’ portion being oversubscribed by 1.04 times, accounting for bids on 24.7 lakh shares against the 23.7 lakh shares on offer. Non-institutional investors (NIIs) subscribed 19%, bidding for 6.9 lakh shares out of 35.68 lakh available. The company aims for a post-issue market cap of INR 1,799 crore ($209 million) at the upper price band of INR 222.
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Mobikwik IPO subscribed 17 times, driven by retail investors
Economic Times
·
7m 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.
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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.
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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.
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TBO Tek IPO Subscribed 1.15X On Day 1; Motilal Oswal Recommends Subscription
Inc42
·
1y ago
Medial
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.
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Smartworks Gears Up For IPO, Files DRHP With SEBI
Inc42
·
11m ago
Medial
Smartworks Coworking Spaces Ltd, a leading coworking startup, is planning to raise INR 550 Cr through an IPO. The IPO will consist of a fresh issue of equity shares and an offer for sale by existing shareholders. Additionally, the company is considering raising an additional INR 110 Cr through a pre-IPO placement. This announcement comes after the company recently changed its name from Smartworks Coworking Spaces Private Ltd.
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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.
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Coworking IPO boom: Can India's flexi-office giants turn profitable?
Livemint
·
11d ago
Medial
Coworking spaces in India, like Smartworks and Awfis, are experiencing a surge in IPO activity, seeking profitability amidst expansion. Smartworks listed in July 2025, following Awfis’s successful May 2024 IPO, which saw a 60% gain from its issue price. IndiQube plans to list soon, while WeWork India is anticipated to go public in August. These developments highlight the sector’s growing appeal as companies evolve post-pandemic.
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Mobikwik IPO sails through in the first hour of launch
Economic Times
·
8m ago
Medial
Digital payments firm Mobikwik saw strong interest from retail investors as its public issue was fully subscribed within the first hour of opening. Retail investors booked nearly 11 times their allocation, while the total issue was subscribed 2.64 times. The non-institutional investors portion was subscribed 2.35 times. Institutions had limited activity as they usually increase bidding near the issue close. Mobikwik set a price band of Rs 265 to Rs 279 per share for its Rs 572 crore IPO, without an offer for sale component. The company had reduced its valuation significantly to $250 million for the IPO.
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