Key Points
The category reserved for non-institutional investors was subscribed the most at 2.3 times, followed by retail investors at 1.67 times..
The initial public offering (IPO) of Azad Engineering was fully booked on the first day of the bidding process..
Azad Engineering is one of the key manufacturers of their qualified product lines supplying to global original equipment manufacturers in the aerospace and defence, energy, and oil and gas industries...
Despite on-par valuation with peers, analysts advised investors to subscribe to the issue over the company's strong financial track record and superior outlook on growth...
About 50% of the offer is reserved for qualified institutional buyers, 35% for retail investors and the rest 15% for non-institutional investors...
You might be interested in
DOMS IPO sails through, fully subscribed. Here’s all you need to know
13, Dec, 23As of 11:50 am, the public issue has been subscribed 1.77 times. The retail category displayed exceptional demand, oversubscribed by 7.01 times, while the Non-Institutional Investors (NII) portion garnered bids 1.67 times.
Azad Engineering IPO allotment to be finalised Tuesday. Here's how you can check status
24, Dec, 23Azad Engineering IPO allotment: On the allotment date, investors will get to know about the number of shares allotted to them as against the bids made. They can check the allotment status through the BSE or by visiting the registrar's website. Here's how you can check the status on BSE.
Tata Tech IPO subscribed nearly 15 times on day 2, retail portion over 11 times
23, Nov, 23The Tata Group company, which has launched its first IPO in the last two decades, plans to raise Rs 3,042 crore through the public issue.
Spectrum Talent Management IPO: Issue fully subscribed on Day 2; check details
12, Jun, 23Spectrum Talent Management's initial public offering (IPO) was subscribed 1.05 times on Day 2, with bids received for 60,88,000 shares against 6,077,600 shares on offer. The price band for the offering is set at ₹169 to ₹173 per share.
Cyient DLM IPO retail portion fully booked on Day 1
27, Jun, 23Out of 23,08,000 shares available for subscription, the total number of share bids received from RIIs was 68,76,632. The Non-Institutional Investors (NIIS) subscribed to the issue 0.67 times. The number of share bids received was 23,21,200 against 34,62,000 shares available for subscription.
Mankind Pharma IPO Day 3: Issue oversubscribed 15.32 times, QIBs subscribed 4916% for their portion; GMP falls
27, Apr, 23The portion for retail investors remains undersubscribed as investors bid only 0.92 times of the shares reserved for RIIs. The NII portion garnered 380% bids so far.
Plaza Wires IPO fully subscribed within 80 minutes of opening
29, Sep, 23At 11.20 a.m., the public issue was subscribed 1 time, while the category reserved for retail investors garnered a whopping 6.64 times bids. The portion for NII was subscribed 37%. There were no bids from qualified institutional buyers so far.
Divgi TorqTransfer shares list at 5% premium on NSE over issue price
14, Mar, 23The IPO was subscribed 5.44 times, led by retail investors. About 75% of the offer was reserved for qualified institutional buyers (QIBs), 15% for non-institutional investors and 10% for retail investors.
Vibhor Steel IPO gets robust response with 13x subscription so far. Check GMP and other details
13, Feb, 24Vibhor Steel IPO is a fresh equity issue of Rs 72 crore and is priced in the range of Rs 141-151 apiece. About 50% of the issue is reserved for qualified institutional buyers, 15% for non-institutional bidders, and 35% for retail investors. The company's shares are trading with a GMP of Rs 120 in the unlisted market
At 187 times, Vibhor Steel IPO becomes most subscribed issue of 2024
15, Feb, 24The company focus will remain on improving operating efficiencies through technology enhancements which will strengthen the company's competitive position. Investors looking to invest, can invest in this IPO with a medium to long term perspective, said Master Capital.