The IPO market saw robust activity on January 15, with major subscription numbers across SME and mainboard issues. The Laxmi Dental IPO, Kabra Jewels IPO, and Rikhav Securities IPO showcased strong investor demand, marking significant highlights in the primary market.
Laxmi Dental IPO Closes with Massive 114x Subscription
The mainboard IPO of Laxmi Dental Ltd concluded with an impressive 113.97 times subscription. Retail investors oversubscribed their portion 74.12 times, while Non-Institutional Investors (NIIs) booked their quota 147.47 times. Qualified Institutional Buyers (QIBs) subscribed their category 110.38 times.
- IPO Size: ₹698.06 crore
- Price Band: ₹407–₹428 per share
- Lot Size: 33 shares
Shares of Laxmi Dental Ltd will list on BSE and NSE on January 20. More details can be found on the BSE website and NSE website.
Kabra Jewels IPO Day 1: 12x Oversubscription
The SME IPO of Kabra Jewels Ltd garnered significant interest, being subscribed 12 times on the opening day.
- Retail Investors: Oversubscribed 11 times
- NII Portion: Oversubscribed 9.5 times
- IPO Size: ₹40 crore (Fresh Issue of 31.25 lakh shares)
- Price Band: ₹121–₹128 per share
- Lot Size: 1,000 shares
The IPO closes on January 17, with allotment finalization expected on January 20. Kabra Jewels shares are set to list on the NSE Emerge platform on January 22. Visit NSE Emerge for updates.
Rikhav Securities IPO: Strong Demand on Day 1
The financial services firm Rikhav Securities witnessed 8 times subscription on its first day of bidding.
- Retail Investors: Oversubscribed 14 times
- NII Portion: Oversubscribed 7.5 times
- IPO Size: ₹88.82 crore (Fresh Issue + OFS)
- Price Band: ₹82–₹86 per share
- Lot Size: 1,600 shares
The IPO closes on January 17, with shares expected to debut on the BSE SME platform on January 22. For allotment updates, check the BSE SME IPO section.
Barflex Polyfilms IPO Closes with 151.59x Subscription
The Barflex Polyfilms IPO concluded with overwhelming demand, achieving 151.59 times subscription.
- IPO Size: ₹39.42 crore
- Price Band: ₹57–₹60 per share
- Lot Size: 2,000 shares
Shares are set to list on the NSE Emerge platform on January 20.
Sat Kartar Shopping IPO Allotment Status
The Sat Kartar Shopping IPO, which closed on January 14 with a remarkable 332x subscription, is set to finalize its share allotment today. Investors can check their allotment status on the registrar’s website, Skyline Financial Services, or the NSE portal. For more details, visit Skyline Financial Services.
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