 "Laxmi Organic IPO bought 107 times; Nazara Technologies opens strong")
The IPO of Laxmi Organic, Mumbai-based specialty chemicals firm, has garnered 107 times subscription. The issue closed on Wednesday.
The institutional investor portion of the IPO was subscribed 175 times, the high net-worth individual portion was subscribed 218 times and the retail portion was bought nearly 20 times.
The IPO of Craftsman Automation, which also closed on Wednesday, witnessed 5.2 times subscription. The IPO comprised a fresh issue of Rs 150 crore and an offer for sale of 45,21,450 equity shares.
The IPO Kalyan Jewellers India, which closes on Thursday, has received 1.21 times subscription, so far. The portion reserved for qualified institutional buyers (QIBs) received 24 per cent subscription, while those for non-institutional investors 89 per cent and retail individual investors (RIIs) 1.90 times.
Gaming company Nazara Technologies’ IPO, on the other hand, was bought four times and that of Suryoday Small Finance Bank was subscribed 0.42 times on their opening day.
Anupam Rasayan’s IPO, which closed on Tuesday, had garnered 44 times subscription. Investment bankers said six issues getting bunched up in a single week is unprecedented.
Given the positive sentiment all issues will sail through easily, they added. The six IPOs together will mobilise Rs 4,524 crore.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%