Indian IPO Market: Strong Debuts & High Subscriptions
Infographic: Indian IPO Market Sees Varied Activity: Strong Debuts, Subscriptions
Key Highlights
Explore the Indian IPO market’s recent performance, featuring strong debuts from Shiprocket & Behari Lal Engineering, and high subscription rates for Lalithaa Jewellery.
E-commerce logistics platform Shiprocket closed at ₹143.50, a 47.94% premium on its debut. It listed at a 33.51% premium to its issue price of ₹97.
Debut Performance Highlights
- Shiprocket: Listed at 33.51% premium to ₹97, closed at ₹143.50 (47.94% premium).
- Behari Lal Engineering: Listed at 61% premium to ₹285, closed at ₹502.55 (76.33% premium).
Symbiotec Pharmalab Ltd. has set its price band at ₹938–988 per share for its ₹1,757-crore offering. Bidding begins August 24 and concludes August 27.
Symbiotec IPO Timeline
- Anchor investors bid: August 21.
- Tentative listing date: September 1.
- Fresh issue: ₹150 crore (for debt repayment and general corporate purposes).
- Offer for sale: Up to ₹1,607 crore.
Lalithaa Jewellery Mart’s IPO was significantly oversubscribed, reaching 62.97 times on its third and final bidding day. This was primarily driven by qualified institutional buyers.
Lalithaa Jewellery Details
- (QIBs): 145.38 times.
- Non-Institutional Investors (): 73.90 times.
- Individual Investors (RIIs): 11.81 times.
- Employee segment: 8.55 times.
Horizon Industrial Parks Limited’s IPO was subscribed 1.45 times on its third day of bidding. Bids totalled 36.37 crore shares against 25.13 crore shares on offer.
Horizon Industrial Parks Subscription
- Qualified Institutional Buyers (QIBs): 1.85 times.
- Employee portion: 1.42 times.
- Non-institutional investors (NII): 0.98 times.
- Retail individual investors (RIIs): 0.96 times.
The IPO, priced between ₹57 to ₹60 per share, aimed to raise ₹2,600 crore, mainly for repaying existing borrowings. The varied subscription levels across these offerings highlight a dynamic Indian IPO market.