The issue received robust response from investors where it was subscribed 246 times. The part reserved for retail investors was subscribed 120 times and other investors were booked 361 times. The IPO was entirely a fresh equity issue of up to 7.98 lakh equity shares aggregating to Rs 8.06 crore.
The IPO of Azad Engineering received good response from investors with 80.6 times subscription at close. The category reserved for QIB was subscribed the most at 179 times, followed by NIIs at 87 times. The retail part received 23.7 times bids.
Muthoot Microfin shares will likely get listed on the exchanges on December 26. Ahead of the listing, the company s shares are commanding a premium of Rs 26 in the unlisted market. Considering the upper price band of Rs 291, the company s shares are expected to list with a mild premium of 9% on the exchanges.
Like Tata Technologies, Tata Capital has drawn significant investor interest in the unlisted market since the introduction of the stock there about six months ago. The scrip trades in the range of ₹400 to ₹425.