5 Indian IPOs Raise ₹8,300 Cr Amid Strong Investor Demand

The Indian IPO market is active, with five offerings currently open and aiming to collectively raise approximately Rs 8,300 crore from investors.

Technocraft Ventures IPO Sees High Demand

Technocraft Ventures IPO, which launched on August 7, was overall subscribed 29.61 times.

• Qualified Institutional Bidders (QIBs) subscribed 24.38 times.
• Non-Institutional Investors (NIIs) hit 57.73 times.
• Retail investors saw 20.54 times subscription.

The company offered shares in the Rs 200-212 range, with a lot size of 70 equity shares, seeking to raise Rs 252 crore. Its Grey Market Premium (GMP) of Rs 24 indicates an 11% potential listing gain.

LEAP India IPO Subscribed 4.40 Times

LEAP India IPO, also opening on August 7, registered an overall subscription of 4.40 times.

• QIBs subscribed 7.55 times.
• NIIs reached 9.29 times.
• Retail investors subscribed 1.24 times.

With a price band of Rs 151-159 per share and a lot size of 94 equity shares, LEAP India intends to raise Rs 2,480 crore. Its GMP of Rs 10-13 suggests a 6-8% listing gain.

Dhoot Transmission IPO Over 3 Times Subscribed

Dhoot Transmission IPO, which opened on August 10, saw bids 3.16 times its offering size.

• The QIB category was subscribed 47%.
• NIIs achieved 7.99 times subscription.
• Retail investors bid for 2.57 times their reserved shares.
• The employee portion was booked 3.09 times.

Priced at Rs 829-871 apiece, with a lot size of 17 shares, the issue aims to mobilize Rs 3,067 crore. Its GMP of Rs 245-250 implies an estimated 28% premium at listing.

Molbio Diagnostics IPO Sees 2.58x Subscription

Molbio Diagnostics IPO, also launched on August 10, was subscribed 2.58 times overall.

• The QIB portion was subscribed 1.20 times.
• The NII quota received bids for 4.06 times the shares.
• The retail portion was booked 2.73 times.
• Employees’ portion was booked 3.97 times.

The IPO, priced at Rs 768-807 per share with a lot size of 18 equity shares, seeks to raise around Rs 940 crore. Its GMP of Rs 122-127 implies a potential 15-16% listing premium.

Milky Mist Dairy Food IPO at 63% Subscription

Milky Mist Dairy Food IPO, opening on August 11, attracted bids equivalent to 63% of the shares on offer.

• Qualified institutional buyers subscribed 39% of their portion.
• NII and retail categories recorded subscriptions of 61% and 77%, respectively.

The company fixed a price band of Rs 133-140 apiece with a lot size of 107 shares, planning to raise Rs 1,553 crore. Shares are trading at a GMP of Rs 21, suggesting a 15% listing gain over the upper price band.

It is important to note that Grey Market Premium (GMP) does not guarantee listing gains for investors.