The IPO of Shivam Chemicals and Minerals has received a robust response from investors. The issue was subscribed 6.61 times till the third and the last day of the bidding process (April 25).
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Last week saw the opening of Vodafone Idea follow-on public offerings aiming to raise over ₹18,000 crore. The mainboard segment will witness the opening of JNK India IPO for subscription in the coming week to raise around ₹649 crore.
Mukka Proteins IPO received a healthy response from investors on the first day of bidding, with the issue sailing through within hours of opening. The demand was driven by retail investors, followed by NIIs. Most analysts gave a subscribe recommendation, citing fair valuations and a unique business model.