Three IPOs Get Huge Investor Interest
Investors Show Big Interest in New IPOs
Three companies opened their shares to the public on Thursday. They wanted to raise Rs 2,562 crore. But investors offered nearly Rs 22,500 crore.
How Much Did Investors Bid?
- Globe Civil Projects: Wanted to raise Rs 119 crore. Got 86 times more bids.
- Ellenbarrie Industrial Gases: Wanted to raise Rs 853 crore. Got 22 times more bids.
- Kalpataru: Wanted to raise Rs 1,590 crore. Got 2.3 times more bids.
More IPOs Coming Soon
Two more companies will close their IPOs on Friday:
- HDB Financial: Wants to raise Rs 12,500 crore. It’s the biggest IPO by a finance company in India.
- Sambhv Steel Tubes: Wants to raise Rs 540 crore.
Both companies already got enough bids by Thursday.
Why HDB Financial’s IPO is Special
HDB Financial’s IPO is important for a few reasons:
- It already raised Rs 3,369 crore from big investors.
- The share price is between Rs 700 and Rs 740.
- At the highest price, the company is worth nearly Rs 61,400 crore.
