From Urban Company to Dev Accelerator, the 3 stocks listed will be entered on September 17
The shadows of the city company, Mangalsutra’s Shringar House and Dev Accelerator will all enter the listed space at 10 a.m. Wednesday, September 17. Each stock will debut in the secondary market as their stocks are first traded on Bourses BSE and NSE.
IPOs with massive subscriptions: City companies, Shringar House of Mangalsutra and Dev Accelerator
These three lists follow the IPO that was completely chased last week and have multiple subscriptions in all investor categories. The overall bookings for these IPOs are 60-104 times the equity offered.
Urban Company IPO attracted blockbuster responses, subscribed 103.6 times
Urban Company’s IPO is the largest of the three companies, with an issuance of Rs 19,000 crore.
Under the IPO, the stock has a bid at a price of Rs 98-103. The issue includes a fresh equity worth Rs 47.2 crore, and a offer (OFS) of Rs 1,428 crore.
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The issue witnessed overwhelming demand and drove by with a total subscription of 103.6x.
Development accelerator IPO
Under IPO, stocks developing accelerators can be used in the Rs 56-61 price band. The IPO is a completely new offering, worth Rs 1,433 crore, making it the smallest of the three IPOs.
The IPO attracted strong investors to participate with revenue of 64 times.
Shringar House of Mangalsutra’s RS 401 crore IPO
Shringar House of Mangalsutra’s IPO, shares offer bids for Rs 155-165, including a new offering of Rs 4 billion.
Public quotes are 60.3 times the equity offered, emphasizing strong investor demand.
List of everyone following at 10 a.m.
As all three IPOs see strong demand in the subscription phase, the market will closely monitor their listing results on Wednesday.
Here are the answers to some frequently asked questions about the IPO list:
What is an IPO list?
IPO Listing is the stock of a company that has just completed its IPO officially recognized for trading on the stock exchange.
Once listed, the allocated stocks and investors of new investors can handle these securities like any listed entity on Dalar Street.
How to determine the listing price of an IPO?
Listing prices are affected by factors such as the IPO price band, total IPO demand, market conditions and investor sentiment. However, there is no guarantee that an oversubscribed IPO will make a great debut, and vice versa. Ultimately, the market is unpredictable, and so is the IPO list.
What does IPO subscription mean?
An IPO subscription refers to the number of times an investor bids for the stocks offered in an IPO.
For example, a 60x subscription means that demand is 60x the demand is offered.
Can distributors sell IPO shares on listing day?
Stocks distributed by investors in public offerings can be sold immediately after trading begins on the listing day.
