SME IPO tracker: Cell Point offer subscribed 1.06 times so far; Cosmic CRF's issue subscribed 22%
Cell Points IPO was subscribed 1.06 times on the first day, primarily driven by non-institutional investors who bid for 33.31 lakh shares. The IPO will be used to repay borrowings, renovate existing stores and establish new ones. Meanwhile, Cosmic CRFs IPO, which opened on 14th June, was only subscribed 22% by the end of day two, as NIIs and retail investors were not as enthused. The company is a supplier of cold-rolled stainless steel sections to renowned wagon makers and the railway.
West Bengal Bigshare Services First Overseas Capital Ltd Cell Point Overseas Capital Ltd Titagarh Wagons
Source: indiatimes.com