Demand shot through the roof for three out of four large public share sales that closed on Friday, with investors cumulatively bidding for 49 to 70 times the shares on offer. The star of the show was Tata Technologies Ltd, the first Tata group company going for an initial public offering (IPO) in nearly two decades.
The Tata Technologies IPO saw a subscription of 69.43 times by 7pm on Friday, attracting bids of ₹1.5 trillion. It was followed closely by Gandhar Oil Refinery (India) Ltd at 65.63 times and Flair Writing Industries Ltd at 49.28 times. Fedbank Financial Services saw a more modest reception at 2.2 times. Demand was led by qualified institutional bidders (QIBs), high networth individuals and retail investors and, in the case of Tata Technologies, also from shareholders of its parent Tata Motors Ltd.
هذه القصة مأخوذة من طبعة November 25, 2023 من Mint Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة November 25, 2023 من Mint Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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