There have been studies that Ather Power – one of many main electrical two-wheeler makers in India – has filed for a Rs 4,500-crore IPO. The day additionally noticed the Rs 170-crore IPO for Shree Tirupati Balajee Agro Buying and selling closing after being subscribed 127 occasions.
Information on BSE confirmed that within the Bajaj Housing Finance provide, excessive networth buyers have been essentially the most energetic, with the portion reserved for this group subscribed almost 4.5 occasions.The portion reserved for shareholders of Bajaj Finance and Bajaj Finserv was subscribed over two occasions whereas the retail half was subscribed 1.5 occasions. Whereas institutional buyers in most IPOs apply on the final day of the provide, the Bajaj Housing Finance provide appears to be an exception: On day 1 itself, the institutional half was subscribed 1.1 occasions. The provide will shut on Wednesday.
Within the present week, 16 IPOs are lined as much as faucet into buyers’ funds.
On Monday, it was reported that Ather Power has filed papers with Sebi for an IPO value about Rs 4,500-crore. This might worth the corporate – during which two-wheeler main Hero MotoCorp holds about 37% – at about Rs 21,000 crore. Final month, Ola Electrical Mobility, one other main electrical two-wheeler firm, had listed via an IPO value Rs 6,145 crore. The day additionally noticed Shree Tirupati Balajee Agro Buying and selling, an organization that caters to numerous producers for his or her bulk packaging wants, generate demand value about Rs 14,700 crore (excluding the anchor investor portion) for a suggestion of Rs 170 crore.
Early on Monday, Gala Precision Engineering, which final week closed its Rs 168-crore IPO with a subscription determine of over 200 occasions, listed at a 42% premium. In comparison with its provide worth of Rs 529 per share, the shares listed at Rs 750 on BSE and closed at Rs 787.
