QIBs, analysts suggest, have become the saviours of large offerings, especially when companies see weak demand among retail investors
The ₹11,607-crore IPO drew ₹27,000 crore worth of bids and over 3.4 million applications, with strong participation from institutional and high-net-worth investors
Analysts have also shared favourable views on the IPO, boosting investor sentiment ahead of the launch of the offering
As investors await the launch of the public offering, here are the key details from the company's Red Herring Prospectus (RHP)
WeWork India IPO allotment today: Once the allotment is finalised, investors who applied for the WeWork India IPO can check their status on the official websites of BSE, NSE, or MUFG Intime India
If grey market trends are any indication, Advance Agrolife shares are poised for a favourable listing
With an average acquisition cost of just ₹2.01 per share, translating to a total investment of nearly ₹5.21 crore, the transaction is likely to yield a pre-tax gain of ₹684.37 crore for Canara Bank
Anantam Highways Trust has collected Rs 180 crore from anchor investors as its Initial Public Offering (IPO) opened for subscription on Tuesday. WhiteOak Capital Mutual Fund, Minerva Ventures, Trust Investment Advisors, SBI Capital Markets, Edelweiss Life Insurance Company and Reliance General Insurance Company, among others, participated in the anchor round, according to a circular uploaded on BSE's website. Anantam Highways Trust allotted 1.8 crore units to these investors at Rs 100 apiece, the circular showed. The infrastructure investment trust's Rs 400 crore IPO would conclude on October 9. The price band has been set between Rs 98-100 per unit. Proceeds from the public issue are expected to be utilised for funding infrastructure projects, debt repayment, and general corporate purposes. Anantam Highways Trust operates in the road and highway sector, with a portfolio of revenue-generating assets aimed at providing stable and predictable returns to investors.
Analysts at Anand Rathi research have recommended the investors to apply for the issue for the long term perspective, while Angel One, and SBI Securities have assigned Neutral rating on the offering
Early grey market trends reflect strong investor interest ahead of the launch of the LG Electronics India IPO
Lenskart to raise ₹2,150 crore in fresh equity while Wakefit plans a ₹468-crore issue to fund new stores, marketing and capital expenditure
The maiden offering of Advit Jewels will comprise an entirely fresh issue of equity shares, with no offer for sale (OFS) component
Canara HSBC Life Insurance IPO comprises an entirely offer-for-sale (OFS) of 237.5 million equity shares
Investors who placed their bids for the Advance Agrolife IPO can check their share allocation status on the official websites of BSE, NSE, or Kfin Technologies, the registrar for the issue
The ₹11,607.01-crore issue will be entirely an offer for sale (OFS), with promoter LG Electronics Inc. looking to offload up to 101.8 million equity shares
Tata Capital IPO opens for subscription: Check price band, lot size, GMP, reviews, allotment date, listing date, and other key details here
The IPO rush in India has been powered by corporates seeking funds to expand operations in the world's fastest-growing major economy
Pace Digitek IPO Listing Date: Pace Digitek proposes to utilise the proceeds from the public issue for funding the capital expenditure requirement as well as for general corporate purposes
Advance Agrolife IPO Day 3 update: Positive sentiment extended to the grey market as well, where the unlisted shares of the company were commanding a decent premium on the final day of subscription.
Investors who have applied for the Fabtech Technologies IPO can check the share allotment status on the official BSE or NSE websites, or on the website of Bigshare Services