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Two more initial public offerings (IPOs) — TruAlt Bioenergy and Jinkushal Industries — opened for subscription today, taking the total number of IPOs currently open to nine.
2 / 10Earlier, seven IPOs — Jain Resource Recycling, BMW Ventures, Epack Prefab Technologies, Solarworld Energy Solutions, Jaro Institute of Technology Management & Research, Seshaasai Technologies, and Anand Rathi Share & Stock Brokers — had launched for public subscription.
3 / 10The Anand Rathi Share & Stock Brokers IPO has been subscribed 1.11 times as of Day 2 of bidding. In the grey market, its shares are trading at a modest premium of 8.45% over the issue price, indicating mild investor interest.
4 / 10Seshaasai Technologies has seen robust demand, with retail investors subscribing 2.92 times their quota, non-institutional investors 5.99 times, and qualified institutional buyers 1.13 times. Overall, the issue has been subscribed 3.09 times by the end of Day 2.
5 / 10Jain Resource Recycling’s IPO has been subscribed 73% so far. Its shares are also changing hands in the grey market at a small premium of 8.62% to the issue price.
6 / 10The IPO of BMW Ventures Ltd, a distributor of steel products, was subscribed 11% on the first day of bidding. The company received bids for 25.38 lakh shares against 2.34 crore shares on offer, according to NSE data.
7 / 10On Day 1, the Epack Prefab Technologies IPO was subscribed 30%. Within this, retail investors bid for 29% of their portion while non-institutional investors subscribed 12% of theirs.
8 / 10Solarworld Energy Solutions saw strong demand on its second day of bidding, with the IPO subscribed 4 times overall. Retail investors’ quota was oversubscribed 13.63 times, NIIs 5.53 times, while QIBs subscribed to just 2% of their reserved portion.
9 / 10The IPO of Jaro Institute of Technology Management & Research (Jaro Education) was subscribed nearly 2 times on Day 2, with bids coming in for 72.54 lakh shares against 37.23 lakh shares on offer.
10 / 10Ahead of their listings, TruAlt Bioenergy raised ₹252 crore from anchor investors, while Jinkushal Industries collected ₹35 crore through the same route.
