The IPO of IREDA was booked 3.41 times so far on the second day of the bidding process, led by strong interest from non-institutional investors, whose category was subscribed 5.73 times. IREDA shares are commanding a premium of Rs 10 in the unlisted market against an offer price of Rs 31.
After a steady response on Day 1, the IPO of stationery maker Cello World sailed through on the second day of bidding process. The issue was overall subscribed 1.07 times. The NII part was booked the most at 2.96 times, followed by the retail category at 0.89 times and QIB at just 0.03 times
JSW Infrastructure s Rs 2,800 crore-IPO, which closes on September 27, is the biggest of the month. The issue was subscribed 18% so far on the first day. The demand from retail investors was decent at 77% subscription, while NII s category was booked at 15%. The QIB subscription was NIL as of now.
The initial public offer (IPO) of Signature Global, which was fully subscribed on the second day, picked up pace on the last day of the bidding process. Overall, the issue was subscribed 3.19x so far on Day 3, led by strong NII (6.2x) and retail (4.35x) interest. The category reserved for qualified institutional buyers was booked 1.38 times.
The Rs 730-crore IPO of Signature Global was subscribed 85% with both retail and NII categories fully booked. The QIB part was subscribed just 8% so far. Meanwhile, Sai Silks offer was subscribed just 12% so far. The part reserved for retail investors was the most subscribed at 20%, followed by NIIs at 10%. There are still no bids in the QIB category.