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Blue Pebble IPO was subscribed over 4.83 times on the first day of subscription. The SME IPO received 37,36,800 share applications on Tuesday, according to data available on the stock exchange.
The upcoming week, investors will have the opportunity to subscribe to two mainboard IPOs, namely Popular Vehicles and Krystal Integrated. Additionally, six SME IPOs will also be open for subscription, including Pratham EPC and Signoria Creation.
In the past one year, PSU stocks have jumped 100%. And over the last decade, they have gone through a complete cycle of valuation. So, will PSU stocks do well from here onwards? The price-to-book value of PSE Index is back to 2014 levels where chances are that ROEs, which are currently at their peak, may fall.