Tag: IPO – Issues Open

Yatra Online's IPO received a muted response from investors on the first day of bidding, with only 11% of the issue subscribed. Retail investors were the most supportive, while high networth individuals and qualified institutional buyers have yet to start putting in bids.

RR Kabel's IPO was subscribed 18.64 times on the final day of bidding. The QIB and HNI categories saw the highest subscription, while retail investors showed lower interest. The company is expected to list on the BSE and NSE on September 26.

The Rs 1,964-crore IPO of RR Kabel, backed by TPG, was subscribed 1.39 times on the second day of bidding. HNIs bid 2.1 times, QIBs 1.65 times, retail investors 95%, and employees 1.52 times. The company will use the proceeds to repay debts and for general corporate purposes. The IPO closes on September 15.

The maiden public issue of business spend management platform Zaggle Prepaid Ocean Services was subscribed 19% on the first day of bidding. Retail investors have subscribed 87% of their portion, while HNIs (non-institutional investors) have subscribed 11%. QIBs are yet to show their interest in the IPO. The IPO closes on September 18.

The offer has received bids for 26.73 lakh shares against the issue size of 6.25 crore shares, resulting in a subscription of 4%. The tepid response is likely due to the high debt levels of the company and its losses in the past few years. The company is planning to raise Rs 1,370.1 crore via the public issue at the upper price band. The success of the IPO will depend on a number of factors, including the overall market sentiment and the appetite for hotel stocks.

The initial public offering (IPO) of RR Kabel, the wire and cable manufacturer, received bids for 25% of the IPO size on the first day of bidding. Retail investors subscribed 36% of their portion, while the reserved portion of employees was subscribed 58%. High networth individuals and QIBs subscribed 29% and 0.2% of their portion, respectively. The offer closes on September 15.

RR Kabel, a Gujarat-based wire & cables manufacturing company, has raised Rs 585.62 crore from anchor investors ahead of its public issue opening on September 13. The anchor book was subscribed 1.1 times. The price band for the IPO is Rs 983-1,035 per share. The IPO comprises fresh issue of equity shares worth Rs 180 crore and an offer-for-sale (OFS) of Rs 1,784 crore. The issue will close on September 15. The company will use the net proceeds to repay debt and for general corporate purposes.

EMS IPO subscribed 75.28 times on the final day of bidding, with strong demand from all investor categories. The QIB portion was subscribed 153.02 times, the HNI portion was subscribed 82.32 times, and the retail investor portion was subscribed 29.79 times. The company intends to use the net fresh issue proceeds for working capital requirements and general corporate purposes. EMS will start trading on the BSE and NSE with effect from September 21.

The EMS IPO was oversubscribed 15 times on the second day of bidding. HNIs and retail investors were the most bullish on the company, bidding 29.71 times and 16.59 times the allotted quota respectively. QIBs have bought 67 percent shares of the reserved portion. The IPO will close on September 12.