Finance News : Four New IPO Listings On August 16

 

Devyani International IPO Listing

Devyani International, the father or mother firm of KFC, Pizza Hut, and Costa Coffee had a powerful launch on August 16, with the inventory buying and selling at a 56 p.c premium on the bourses.

It began buying and selling at Rs 141 on the BSE and Rs 140.90 on the NSE, in opposition to a difficulty worth of Rs 90 per share.

On August 4, the corporate opened its Rs 1,838-crore preliminary public providing for subscription, which concluded on August 6 with an outstanding 116.71 occasions subscription, producing bids for 1,313.79 crore fairness shares in opposition to a proposal measurement of 11.25 crore fairness shares.

The provisions included a Rs 440 crore new difficulty and a Rs 1,398 crore provide on the market by investor Dunearn Investments and promoter RJ Corp. The proceeds from the brand new difficulty might be used to repay the corporate‘s money owed in addition to basic enterprise targets.

Krsnaa Diagnostics IPO Listing

Following the modest market motion, Krsnaa Diagnostics shares made a lukewarm debut on the general public exchanges in the present day. Krsnaa Diagnostics shares opened at Rs 1025 per share, up 7.33 p.c from the preliminary public providingworth of Rs 954 per share. Krsnaa Diagnostics’ preliminary public providing (IPO) acquired a fantastic response from buyers, with 64.38 occasions subscription. The firm had a market valuation of Rs 3,218.26 crore when it went public.

Krsnaa Diagnostics has joined trade friends Metropolis Healthcare and Dr. Lal Pathlabs Ltd in being listed. Qualified Institutional Buyers (QIBs) subscribed 49.83 occasions their reserved quantity on the IPO, 116.30 occasions for non-institutional buyers, and 42.04 occasions for retail buyers. There was a recent difficulty of as much as Rs 400 crore and a proposal on the market of as much as 85,25,520 fairness shares within the first public providing (IPO).

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Windlas Biotech IPO Listing

Windlas Biotech’s inventory had a lukewarm market debut on Monday, with the inventory buying and selling at Rs 437 on the NSE, a 5% discount to its difficulty worth of Rs 460.

The inventory opened at Rs 439 on the BSE, down 4.56 p.c.

The Dehradun-based pharma formulations firm‘s preliminary public providing (IPO) was held from August 4 to August 6 and offered within the Rs 448-460 vary.

It was 22.46 occasions subscribed, with quotas earmarked for certified institutional consumers (QIB) receiving 24.40 occasions subscription, non-institutional buyers 15.73 occasions subscription, and retail particular person buyers (RIIs) 24.27 occasions subscription.

Exxaro Tiles IPO Listing

Exxaro Tiles’ shares made their inventory market debut on Monday, buying and selling at a premium of 5% over its difficulty worth of Rs 120.

On each the BSE and the NSE, the inventory started buying and selling at Rs 126, a 5% achievement above the problem worth.

On each market, it rose 10.25 p.c to Rs 132.30 because of the commerce superior. The ceramic trade‘s first preliminary public providing in additional than a decade drew a powerful response from buyers, with the problem being subscribed to 10.6 occasions. From August 4 to six, the problem was obtainable for public subscriptions.

Exxaro Tiles specializes in the manufacturing and distribution of vitrified tiles, that are principally used for flooring. The firm operates two manufacturing services, one in Vadodara and the opposite in Talod, with a complete space of 1.5 lakh sq. meters.

 

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