2024-05-19 11:10:38
Mumbai: IPOs of two corporations have been listed on the primary board of inventory markets at the moment. The IPO of at the moment’s listed firm TBO Tek gave a wonderful return of 55 p.c to the buyers on the primary day itself. Its buyers swooned. So the IPO of one other firm Aadhar Housing Finance made the buyers cry on the very first day. Its shares have been listed at a loss.
How was TBO Tech?
Shares of TBO Tech debuted at a premium of 55% on the NSE on Wednesday. The inventory was listed on NSE at Rs 1,426 in opposition to the problem value of Rs 920. On BSE, the inventory listed at Rs 1,380 with a premium of fifty%. Earlier than itemizing, the corporate’s shares have been buying and selling at a GMP of Rs 375 within the grey market.
The difficulty was subscribed greater than 80 instances
Buyers had lavished love on the IPO of TBO Tech. The difficulty was overbooked by round 80 instances attributable to robust curiosity from non-institutional buyers. Earlier than the opening of the IPO, the corporate raised about Rs 697 crore from anchor buyers.
What was the situation of Aadhar Housing Finance?
The IPO of Aadhaar Housing Finance additionally obtained a great response from buyers. However nothing like that was seen within the itemizing. Shares of Aadhar Housing Finance listed at Rs 314.3 on BSE at the moment with a marginal loss or low cost of 0.22%. Earlier than the itemizing, the corporate traded within the grey market with a premium of Rs 50. The corporate boasts the very best property underneath administration (AUM) inside its low-income section, reflecting its robust market place.
The difficulty was oversubscribed 26 instances
The IPO of Aadhaar Housing Finance additionally obtained good help. It was oversubscribed 26 instances. Its IPO included a recent fairness challenge of as much as Rs 1,000 crore and a proposal on the market (OFS) of as much as Rs 2,000 crore. The corporate had mentioned that the funds raised via the recent challenge will likely be used to fulfill future capital necessities for common company functions and additional borrowings.