The initial public offering (IPO) of Tata Technologies Ltd, the first Tata group company to list after 19 years, attracted maximum investor interest, witnessing a subscription of 6.5 times. Gandhar Oil Refinery (5.66 times) and Flair Writing Industries (2.3 times) also attracted substantial interest, while Fedbank Financial Services, a unit of Federal Bank, saw a relatively tepid response, with only 0.39 subscription on Day One.
On 4 August 2021, Devyani International, Windlas Biotech, Exxaro Tiles and Krsnaa Diagnostics were subscribed 1.93 times, 2.52 times, 4.1 times and 1.55 times, respectively.
Demand for the shares currently on offer is likely to remain elevated, given the grey market premium of 77% in Tata Tech, 38% in Gandhar, 23% in Flair, 4% in FedFina and 30% in Indian Renewable Energy Development Agency (Ireda). The Ireda share sale opened on Tuesday.
Moderate pricing of these issues attracted HNI and retail interest, analysts said.
هذه القصة مأخوذة من طبعة November 23, 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 23, 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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