Home / Markets / Ipo /  Devyani, three other IPOs witness strong demand on day 2

The initial public offering (IPO) of Exxaro Tiles, Devyani International, Windlas Biotech, and Krsnaa Diagnostics continued to witness strong investor demand on the second day of bidding for their respective IPOs. All the four IPOs were subscribed fully on their opening day on Wednesday.

Exxaro Tiles was subscribed the most (10.30 times) followed by Windlas Biotech (7.09 times), Devyani International (6.61 times) and Krsnaa Diagnostics (5.42 times).

The Exxaro offer received bids for 117.9 million equity shares against the IPO size of 11.4 million equity shares, the subscription data available on the exchanges showed. The portion set aside for retail investors was subscribed 21.11 times. The portion set aside for non-institutional investors was subscribed 93% and that of employees 1.56 times, while qualified institutional buyers put in bids 1.65 times their reserved portion.

The 1,838 crore IPO of Devyani International received bids for 744.07 million shares, against the issue size of 112.57 million shares.

The retail investor’s portion was subscribed 22.94 times. The portion set aside for non-institutional investors was subscribed 6.37 times and that of employees 3.10 times, while qualified institutional buyers put in bids for 1.32 times of their reserved portion.

The Windlas Biotech’s share sale received bids for 43.32 million equity shares against the IPO size of 6.14 million equity shares, according to subscription data available on exchanges. The portion set aside for retail investors was subscribed 13.67 times and that of non-institutional investors witnessed 1.13 times, while qualified institutional investors subscribed 4% of their bids for the public issue.

Krsnaa Diagnostics received bids for 38.56 million equity shares against the IPO offer size of 7.112 million equity shares, subscription data available on exchanges showed.

The retail investor’s portion was subscribed 22.09 times, the non-institutional investor’s portion 4.76 times, and qualified institutional investors bought 50% of their reserved portion.

Know your inner investor Do you have the nerves of steel or do you get insomniac over your investments? Let’s define your investment approach.
Take the test
Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less

Recommended For You

Trending Stocks

×
Get alerts on WhatsApp
Set Preferences My ReadsWatchlistFeedbackRedeem a Gift CardLogout