 "investors, IPOs, listing, market, stocks, SPAC")
The initial public offering (IPO) of specialty chemicals firm Ami Organics garnered nearly 65 times subscription, while that of Vijaya Diagnostic, among the largest diagnostic chains in southern India, garnered 4.5 times subscription. The IPO of Ami garnered 1.5 million retail application, while Vijaya saw less than 4 million.
The average applications for IPOs in July stood at 2.6 million, while that in August was about a million, said bankers. Experts said while the markets have jumped more than 10 per cent since August, the investor frenzy for IPOs seen in July has faded following a spate of poor listings.
