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News on Medial
Unicommerce's ₹277-crore IPO fully subscribed on first day
Inshorts
·
11m 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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Related News
NTPC Green Energy IPO fully subscribed
YourStory
·
8m ago
Medial
The IPO of NTPC Green Energy, the renewable energy arm of NTPC, was fully subscribed on the third day of the share sale. The Rs 10,000-crore share sale received bids for 1.02 times the shares on offer. The retail investors' portion was subscribed 2.70 times, while the institutional and non-institutional investors' portions were subscribed 75% and 42% respectively. The company has raised Rs 3,960 crore from anchor investors. The IPO proceeds will be used to repay loans and for general corporate purposes. IDBI Capital Markets, HDFC Bank, IIFL Capital Services, and Nuvama Wealth Management are the lead managers.
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Prostarm Info Systems IPO Fully Subscribed on Day 1; Check Latest GMP
OutlookIndia
·
1m ago
Medial
Prostarm Info Systems' IPO was fully subscribed on its first day, attracting bids for 2,45,12,040 shares against 1,12,00,000 available, raising Rs 168 crore through a fresh issuance of 1.6 crore shares. The price band is set at Rs 95-105 per share, with the listing date expected on June 3, 2025. With a grey market premium of Rs 25, Bajaj Broking recommends subscribing for the long term. The company's bottom-line growth is notable but depends on a few key customers.
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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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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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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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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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Smartworks IPO: Issue Subscribed 17% On Day 1 So Far
Inc42
·
14d 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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Unicommerce eSolutions shares dip following solid debut: Should you buy, sell, or hold?
Money Control
·
11m ago
Medial
Unicommerce eSolutions Ltd, a SoftBank-backed enablement software-as-a-service (SaaS) provider, saw a strong debut on the NSE. The IPO, which was subscribed 168.4 times, raised concerns among analysts over the company's valuation and lack of listed peers for comparison. While some analysts recommend holding the shares with a long-term perspective, others advise caution due to the high valuation and absence of peers. Unicommerce's IPO was an entirely offer-for-sale, raising INR 276.6 crore.
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MobiKwik makes strong debut on bourses; lists at Rs 440 on NSE, at 57% premium over issue price
YourStory
·
7m ago
Medial
MobiKwik, the digital banking platform, saw its shares listed on the National Stock Exchange (NSE) at Rs 440, a premium of 57.71% over its IPO price of Rs 279. On the Bombay Stock Exchange (BSE), the shares debuted at Rs 442.25, a premium of 58.51%. MobiKwik's IPO was subscribed 119.38 times, making it the second-most subscribed new-age tech IPO in India. Retail individual investors oversubscribed their portion by 134.67 times, while qualified institutional buyers and non-institutional investors oversubscribed by 119.5 times and 108.95 times respectively. Unicommerce's IPO holds the highest subscription record at 168.39x.
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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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