IPOS get boost from secondary mkt surge
Financial Express Mumbai|July 06, 2023
RECENT ISSUES GET GOOD RESPONSES ON STRONG FUNDAMENTALS
MEGHNA SINHA
IPOS get boost from secondary mkt surge

AS THE SECONDARY market continues to make new highs, there has been a rising interest among retail investors in the primary market as well.

For example, HMA Agro Industries, one of the largest exporters of frozen buffalo meat products, listed on the stock exchanges at a 7% premium over its issue price. The IPO of jewellery retailer Senco Gold was subscribed 2.68 times on the second day of the issue on Wednesday.

In the past couple of weeks, IPOs of drone maker ideaForge Technology and electronic manufacturing services company Cyient DLM, which closed for subscription on June 30, received overwhelming response from investors on the final day of bidding. The retail category was subscribed 49.2 times in Cyient DLM and 74.82 times in ideaForge. Both the IPOs will list on the exchanges on July 10.

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Diese Geschichte stammt aus der July 06, 2023-Ausgabe von Financial Express Mumbai.

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