SME IPOs are seeing record traction in terms of subscription but an analysis of anchor allotments shows that the same set of investors are getting shares in all the issues
Shares of Vasa Denticity surged 20% after investor Ashish Kacholia acquired a stake in the company. Kacholia purchased approximately 4.39 lakh shares while some existing shareholders sold their shares. Since its listing on the NSE SME platform, the stock has nearly tripled, increasing by around 207%. Vasa Denticity is an e-commerce dental products company and has plans to expand its portfolio and become a hub of innovation and quality for dental professionals. The company has shown strong financial growth with a high return on equity and capital employed, as well as increasing revenue and orders.
Promoter entity Fortitude Trade and Investment offloads entire 3.39 crore shares or 3.04 percent stake in Adani Transmission at an average price of Rs 786.17 per share, which amounted to Rs 2,666.5 crore.