Key Points
The SME IPOs of TAC Infosec and Radiowalla Network, backed by marquee investors Ashish Kacholia and Vijay Kedia, received massive responses from investors on Tuesday, the final day of the bidding process..
TAC Infosec IPOThe IPO of TAC Infosec, in which Vijay Kedia has invested, was booked nearly 400 times on the last day..
The issue is being made through the book-building process, wherein 50% of the offer is reserved for qualified institutional buyers, 15% for non-institutional investors and 35% for retail investors...
Radiowalla Network IPOAce investor Ashish Kacholia-backed Radiowalla Network, one of the leading providers of B2B customer engagement services, has seen its IPO get 282x subscription on the last day of bidding...
In the offer, around 5.26 lakh shares will be allocated to anchor investors, around 3.53 lakh shares are reserved for qualified institutional buyers, 6.17 lakh shares of retail investors and the rest for non-institutional investors...
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