The Rs 645-crore initial public offering of state-owned Indian Railway Catering and Tourism Corporation (IRCTC) was subscribed almost 112 times, making it the most successful share sale in over 20 months. This makes it the best subscribed IPO since Apollo Micro Systems which was subscribed 250.7 times and Amber Enterprises India which was subscribed 115.3 times. Both the IPOs were launched in January 2018. IRCTC IPO is best subscribed IPO for a PSU firm.
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Watch IRCTC IPO subscribed 112 times, highest for a PSU firm With HD Quality.
The Rs 645-crore initial public offering of state-owned Indian Railway Catering and Tourism Corporation (IRCTC) was subscribed almost 112 times, making it the most successful share sale in over 20 months. This makes it the best subscribed IPO since Apollo Micro Systems which was subscribed 250.7 times and Amber Enterprises India which was subscribed 115.3 times. Both the IPOs were launched in January 2018. IRCTC IPO is best subscribed IPO for a PSU firm.
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The offer for sale (OFS) by Axis Bank was subscribed 3.68 times by retail investors on Wednesday. The strong response by small investors came a day after the issue got an overwhelming response from non-retail investors in the previous session. The issue received retail bids for 2.84 crore shares, which was 3.68 times the total size of 77.09 lakh shares. The portion for retail category was fixed at 10 per cent.
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Happiest Minds IPO: Happiest Minds Technologies, which came out with an initial public offering (IPO) recently, was a big success in the capital market, leading to oversubscription of 151 times. Founded by IT veteran Ashok Soota, the company has proved that the IPO market is alive and kicking and good IPOs will be welcomed by the investing public.
• How was Happiest Minds Technologies IPO received by the investing public?
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