The IPOs of IREDA, Tata Tech, Flair Writing, Gandhar Oil and Fedbank, which opened within the inventory market final week, have obtained bumper subscriptions. Applications price Rs 2.6 lakh crore have been obtained for a complete difficulty of Rs 7,380 crore. Among the 5 IPOs, shares of Tata Technologies confirmed essentially the most curiosity from buyers. Tata Technologies IPI was subscribed 69.4 occasions, Flair Writing 46.7 occasions, IREDA 38.8 occasions, Gandhar Oil 64.2 occasions and FedBank’s IPO obtained 2.2 occasions subscription.
According to experiences, the difficulty measurement of Tata Technologies IPO was Rs 3,043 crore, whereas purposes price Rs 1.57 lakh crore had been obtained. At the identical time, the difficulty measurement of IREDA’s IPO was Rs 2,151 crore and purposes price Rs 59,153 crore had been obtained for it. Apart from this, the IPO of Flair Writing was price Rs 593 crore. Applications price Rs 19,550 crore have been obtained. Applications price Rs 22,639 crore have been obtained for the difficulty of Rs 501 crore of Gandhar Oil and purposes price Rs 2,012 crore have been obtained for FedBank’s difficulty of Rs 1,092 crore respectively.
Tata Technologies broke LIC’s recordÂ
Tata Technologies has additionally overtaken LIC, the biggest IPO within the Indian inventory market, by way of whole purposes. Tata Technologies’ IPO has obtained round 73.60 lakh purposes. At the identical time, LIC’s IPO that got here final yr had obtained 73.4 lakh purposes. At the identical time, IREDA has obtained 28.6 lakh purposes, Flair Writing has obtained 17 lakh purposes, Gandhaar Oil has obtained 28.5 lakh purposes and Fedbank’s IPO has obtained 3.70 lakh purposes.Â
Whose GMP is operating and the way a lot?Â
According to media experiences, the very best gray market premium is on the IPO of Tata Technologies. Tata Technologies is at Rs 402 (IPO value Rs 500), IREDA at Rs 11.5 (IPO value Rs 32), Gandhaar Oil at Rs 78 (IPO value Rs 169) and Flair Writing at Rs 83 (IPO value Rs 304).Â
