Samhi Hotels to Sai Silks: Subscriptions drop as IPOs get bunched up

Deterioration in market sentiment, investment fatigue also to blame

Initial public offerings (IPOs) seem to be losing steam after a number of stellar market debuts in recent months.

The five IPOs that concluded this week received a lukewarm response from investors. The IPO of Samhi Hotels, which ended on Monday, was subscribed 5.6 times. The IPO of Yatra Online, which ended on Wednesday, managed to scrape through with just 1.6 times subscription. Similarly, the two issues that concluded on Friday -- Sai Silks and Signature Global -- were subscribed about 4.5 times and 12 times, respectively.

By comparison, the seven previous IPOs had garnered subscriptions between 20 times and