The IPO was the least subscribed among all the issues last week. The NBFC has marked a steady growth in its top and bottom lines over the last three years and has an edge over its peers by having access to capital from its promoter, Federal Bank.
Fedbank Financial Services | Canara Bank Securities also feels the issue appears fully priced with peers, though the MSME industry has huge untapped potential along with increasing competition.
IREDA IPO | This would be first government company listing after Life Insurance Corporation of India in May 2022, while it would also be the first amongst the five IPOs closed last week