Only 2 companies raised more than $500 mn via public offers in 2022
The DreamFolks Services IPO saw strong demand from retail investors, with subscribtion of up to 8x the alloted quota. The HNI segment was also oversubscribed at the end of Day 1 of the offer period.
In the grey market, which is an unofficial platform for trading in IPO shares, Adani Wilmar shares are available at a premium of Rs 40 as of today.
Mrs Bectors IPO beat issues by Mazagon Dock Shipbuilders and Burger King that were subscribed 157 times each
With an over-subscription of 157 times, Burger King India IPO became the second-most subscribed offer in calendar year 2020. The shares are expected to get listed on December 14
Investors may check the allotment status of their share either on the BSE or Link Intime India website.
The SBI Cards IPO is one of the largest share sale in recent times, both in terms of size and oversubscription
Smaller fund houses want a change in the rules on allocation in Initial Public Offers (IPOs) of equity.Some of them say preference in the anchor investor portion is given mostly to larger entities. Those not among the top 15 rarely get any. The issue is to be raised on Tuesday with the markets regulator, Securities and Exchange Board of India (Sebi). According to sources, Ajay Tyagi, the latter's chief, has called a meeting of MF chief executives.Any fund house may apply in an IPO in the Qualified Institutional Buyer (QIB) category, where allotment is made on a proportionate basis. Typically, half the issue size is reserved for QIBs. The bone of contention is the anchor allotment, where investment banks and the issuer usually decide whom to allot. Up to 60 per cent of the QIB portion may be allocated to the so-called anchor investors. While MFs compulsorily have to be allotted some part of the anchor book, the smaller ones say only the bigger fund houses get this. "If you look at ...