The basis of allotment for four mainboard initial public offerings (IPOs), Orient Cables (India), German Green Steel & Power, Acevector (Snapdeal) and Runwal Enterprises, is scheduled to be finalised today, September 30, after the four issues collectively raised Rs 1,775.90 crore from the public markets.
The IPOs were open for subscription from September 25 to September 29. The shares are scheduled to be listed on the BSE and NSE on Monday, October 5.
Orient Cables recorded the highest subscription among the four issues at 92.97 times, followed by German Green Steel & Power at 28.98 times, Acevector at 4.93 times and Runwal Enterprises at 2.50 times.
Investors who subscribed to the issues can check their allotment status through the BSE, NSE or the registrar appointed for the respective IPO.
How to check IPO allotment status
BSE: https://www.bseindia.com/investors/appli_check.aspxNSE: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
MUFG Intime India: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
Bigshare Services: https://ipo.bigshareonline.com/ipo_status.html
KFin Technologies: https://ipostatus.kfintech.com/
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Orient Cables (India) IPO
Orient Cables' IPO is a Rs 552-crore book-built issue comprising a fresh issue of 1.18 crore shares aggregating to Rs 320 crore and an offer for sale of 85.29 lakh shares worth Rs 232 crore.
KFin Technologies Ltd. is the registrar to the issue.
The IPO received bids for 1,38,18,98,705 shares against 1,49,76,743 shares on offer, resulting in 92.97 times subscription, according to NSE data.
Qualified Institutional Buyers (QIBs) subscribed 182.76 times their reserved quota, while Non-Institutional Investors (NIIs) subscribed 115.63 times their reserved portion. Retail Individual Investors (RIIs) subscribed 30.55 times.
The price band was fixed at Rs 258 to Rs 272 per share, with a lot size of 55 shares. The grey market premium (GMP) stood at 28.31% over the upper price band, according to sources tracking the unofficial market.
German Green Steel & Power IPO
German Green Steel & Power's IPO is a Rs 303.90-crore book-built issue comprising a fresh issue of 2.09 crore shares aggregating to Rs 290 crore and an offer for sale of 10 lakh shares worth Rs 13.90 crore.
Bigshare Services Pvt. Ltd. is the registrar to the issue.
The IPO received bids for 46,54,94,191 shares against 1,60,62,879 shares on offer, resulting in 28.98 times subscription, according to NSE data.
NIIs subscribed 54.03 times their reserved quota, while Retail Individual Investors (RIIs) subscribed 22.82 times their reserved portion. The QIB portion was subscribed 20.93 times.
The price band was fixed at Rs 132 to Rs 139 per share, with a lot size of 107 shares. The GMP stood at 9% over the upper price band, according to sources tracking the unofficial market.
Read more: Adroit Industries shares to list today; GMP signals 41% premium ahead of listin
Acevector (Snapdeal) IPO
Acevector's IPO, associated with Snapdeal, is a Rs 420-crore book-built issue comprising a fresh issue of 8.97 crore shares aggregating to Rs 287 crore and an offer for sale of 4.16 crore shares worth Rs 133 crore.
MUFG Intime India Pvt. Ltd. is the registrar to the issue.
The issue received bids for 36,61,43,076 shares against 7,42,29,166 shares on offer, translating into 4.93 times subscription, according to NSE data.
NIIs subscribed 8.16 times their reserved quota, while RIIs subscribed 4.62 times. The QIB portion was subscribed 3.38 times.
The IPO carried a price band of Rs 30 to Rs 32 per share, with a lot size of 468 shares. The GMP stood at 6% over the upper price band, according to sources tracking the unofficial market.
Read more: SRIT India, Shah Investor’s Home IPO Day 3: Check subscription, latest GMP and other key details
Runwal Enterprises IPO
Runwal Enterprises' IPO is a Rs 500-crore book-built issue comprising an entirely fresh issue of 1.64 crore shares. MUFG Intime India Pvt. Ltd. is the registrar to the issue.
The public issue received bids for 3,03,19,681 shares against 1,21,11,294 shares on offer, translating into 2.50 times subscription by the end of bidding, according to BSE data.
NIIs subscribed 3.89 times their reserved quota, while QIBs also subscribed 3.89 times their reserved portion. The retail investor category was subscribed 1.12 times.
The price band was fixed at Rs 290 to Rs 305 per share, with a lot size of 49 shares. The GMP stood at 1% over the upper price band, according to sources tracking the unofficial market.
Disclosure: This article has been written by Kumar Gaurav, who is not a SEBI-registered Research Analyst or an Investment Adviser. Gaurav and their ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here
