IPO Listing: Devyani's 37%, Krishna's 4%, And Xero's IPO 10% With A Premium.
Key Sentence:
- Windless after Glenmark is also listed with a 12 percent discount
- Four IPOs were listed simultaneously on Monday.
Among them, Windlass was recorded with a 12 percent discount despite solid fundamentals and fancy. While the other 3 IPOs were listed with an average premium of 17 percent. Among them, Devyani International Rs. 90 against the issue price of Rs. The 141 open last closed at 123.35 with a 37.06 percent premium.
Krishna Diagnostics Rs. With a premium of 3.85 percent against the issue price of Rs. 990.75 and Xero Tiles Rs. With a tip of 10.21 percent against the issue price of Rs. 132.25 was closed. The volatility of the secondary market has led to a flurry of IPO markets. Windless Biotech has seen a 12 percent discount.
The last two healthcare IPOs disappointed investors
Two IPOs in the pharma segment have disappointed investors. Windlass today has a 5 percent discount, while earlier, Glenmark Life Science also listed a nominal premium of 3.92 percent instead of the bumper premium. Which is currently giving a return of 1.80 percent. So far in the current calendar year, 5 IPOs of this segment have been listed.
IPO series issued
The highest number of 8 IPOs in the current calendar year has been held in August alone. By the end of August, a further Rs. 3 IPOs worth Rs 4128 crore are likely to be held. Amy Organics' Rs. 300 crore IPO in the gray market. Runs premiums up to 400.
Approval of Rs 4300 crore FPO of Ruchi Soya
Baba Ramdev's Patanjali Group acquires Ruchi Soy's Rs. SEBI has finally approved FPOs worth Rs 4,300 crore, which is a sign of holding next week. The promoters will sell and raise to a 9 percent stake through the FPO.
Nauvoo, Cartrade's allotment Tuesday
The allotment of Nuvoco and Cartrade will occur today when the listing will take place on August 23. In addition, the share allotment of Aptus Value and Campplast Sunmar will take place on August 18, and the listing will take place on August 24.
Source from Divyabhashkar