 "RR Kabel IPO subscribed 1.4 times, Lukewarm response for Zaggle Prepaid")
RR Kabel subscribed 1.4 times on Day 2
The initial public offering (IPO) of RR Kabel was subscribed 1.4 times on Thursday, the second day of the issue. The institutional investor portion was subscribed 1.6 times, the wealthy investor portion 2.10 times, the retail investor portion 0.95 times and the portion reserved for employees 1.51 times. The company has priced its IPO between ~983 and ~1,035 per share. The ~1,964 crore IPO comprises a fresh issue of ~180 crore and an offer for sale of ~1,784 crore. The company is into manufacturing, marketing and selling of wires and cables, including house wires, industrial wires, power cables and special cables, fans, lighting, switches and appliances. Earlier this week, the company had raised ~585 crore from anchor investors.
Lukewarm response for Zaggle Prepaid on Day 1
The IPO of Zaggle Prepais Ocean Services was subscribed 19 per cent on Thursday, the first day of its issue. The institutional investor portion remained unsubscribed, the wealthy investor portion was subscribed 11%, and the retail investor portion 87%. The ~563 crore IPO has been priced between ~156 and 164 per share. The company has raised ~253 crore from anchor investors. Zaggle is a software as a service (SaaS) company which operates in the spend management space.
Not many buyers for Samhi Hotels on opening day
The IPO of Samhi Hotels was subscribed 7 per cent on Thursday, the first day of its issue. The institutional investor portion was unsubscribed, the wealthy investor portion 2%, and the retail portion 34%. The company had raised ~616 crore from anchor investors. The IPO has been priced between ~119 and ~126 per share. The ~1,370 crore IPO comprises a fresh issue portion of ~1,200 crore and an offer for sale of ~170 crore.
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