While shares of Ratnaveer Precision listed at an impressive 31 per cent premium, Rishabh Instruments disappointed investors as its shares started trading at just a 4 per cent premium.
The IPO of Ratnaveer Precision Engineering was subscribed 93.95 times at close. The non-institutional category was subscribed to the most at 135.1 times, followed by the QIB category at 133.05 times. The retail part of the issue was subscribed 53.93 times on the last day. The IPO comprised a fresh issue and an offer for sale (OFS). The fresh equity of 1.38 crore shares and OFS of 30.4 lakh shares.