 "initial public offerings, IPO")
The initial public offering (IPO) of Om Freight Forwarders Ltd, a logistics and freight forwarding company, got fully subscribed on the first day of share sale on Monday.
The Rs 122.3-crore IPO received bids for 109,96,659 shares against 79,16,945 shares on offer, translating into 1.39 times subscription, according to NSE data.
The portion meant for non-institutional investors garnered 4.03 times subscription. Qualified institutional buyers category got subscribed 1.10 times and retail individual investors portion received 54 per cent subscription.
The IPO has a fresh issue of up to Rs 24.43 crore and an offer for sale of up to 72,50,000 shares.
The IPO has a price range of Rs 128-135 per share.
Smart Horizon Capital Advisors is the book running lead manager to the offer.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
 "initial public offering, IPO")
 "The Tata group's unlisted financial services businesses have reported hefty profits for the year, with Tata Capital, the group's financial services business, reporting a profit of Rs 2,492 crore on revenues of Rs 13,309 crore, as per Tata Sons' annua")
 "initial public offerings, IPO")
 "(From left) Karan Virwani, Managing Director and Chief Executive Officer, WeWork India Management Limited and Clifford Lobo, Chief Financial Officer, WeWork India Management Limited during IPO press conference in Mumbai | Photo: Kamlesh Pednekar")
