Deem Roll Tech shares debut with a 55% premium on the NSE SME platform. The IPO receives strong response from investors. The net proceeds will be used for the expansion of manufacturing unit in the iron and steel rolling mill industry. The Indian steel industry offers good potential for roll manufacturers.
The public offer of Kay Cee Energy and Infra was subscribed 959 times at close. The company received bids for over 200 crore shares against a partly 29.5 lakh shares on offer. The retail and NII parts of the issue were booked 1,600 times and 1,300 times, respectively. Meanwhile, the QIB portion was subscribed 127 times.
The IPO was completely a fresh equity issue of up to 21.6 lakh equity shares, aggregating to Rs 14.04 crore.2024 Stock Picks: These 5 counters can light up your portfolio in the new year
The public offer received tremendous response from investors with total subscription at 262 times at close. The retail portion of the IPO was subscribed 264 times and the NII part was booked 489 times. Meanwhile, the category reserved for QIBs was subscribed 89 times.