Initial public offerings (IPOs) by small and medium enterprises (SMEs) are witnessing extraordinarily high demand from investors. The figures lay bare the scale of the frenzy - five of the most oversubscribed SME share sales in 2024 have racked up cumulative bids of over ₹65,000 crore, 1,100 times the ₹59.3 crore these companies had sought to raise.
The 10 most subscribed SME IPOS of all time have seen subscriptions ranging from 733 times to 2,014 times all of which have taken place since December last year.
Even the smallest listingday gain came in at 35 per cent for Magenta, while GP Eco Solutions posted a rise of 394 per cent in debut trade.
The trend is undeniable most of these IPOs are generating significant first-day gains, propelling the frenzy further.
Consider the 7-crore IPO from advertising firm Maxposure in January, which drew nearly ₹20,000 crore in bids.
Some argue the amount riding on small SME IPOS does suggest a frenzy, but the high subscription levels are also a reflection of the dynamics of supply and demand.
この記事は Business Standard の August 28, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は Business Standard の August 28, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
Higher volume, profitability gains for GAIL India
GAIL India's second quarter (Q2FY25) performance met expectations.
MULTI-ASSET ALLOCATION FUNDS: Ensure fund's equity exposure and strategy match your risk appetite
A recent analysis by Ventura Securities of 25 multi-asset allocation funds (MAAFs) reveals that many of these funds have outperformed a large number of equity schemes over 1-5-year timeframes.
Markets fall over 1% after two-day rally
IN THE RED Sensex intraday
Industry bodies urge FinMin to ease TDS rate structure
Proposal seeks to lessen compliance burden on taxpayers and avoid litigation
After SC rap, Centre doubles penalty for stubble burning
Burning issue
Proactively made all disclosures, recusals: Sebi WTM on Cong's charges
Ananth Narayan, whole-time member (WTM), the Securities and Exchange Board of India (Sebi), has responded to allegations of conflict of interest due to personal investments.
Market regulator may water down skin-in-game rules for MF executives
The Securities and Exchange Board of India (Sebi) has shown intent to relax the skin-in-the-game norms applicable to senior executives of the mutual fund (MF) industry.
MSCI adds 5 Indian stocks to key index
MSCI added five Indian companies to its Global Standard Index late on Wednesday, a move that brokerage Nuvama said would lift the country's weighting on the index to 20 per cent, further narrowing the gap with China.
Trump's triumph: Will bulls run amok and gold, silver sparkle?
Top brokerages highlight opportunities, risks, and contradictions the new administration may offer
REIMAGINING ROLE OF AGRICULTURE
In the changed context of economic development, agriculture is seen playing a much larger role than perceived in the dominant thinking in development economics
