Hindusthan Engineering News Today

Investors are showing strong interest in the Cell Point (India) IPO, with the initial share sale having been subscribed 2.3 times so far. The IPO is a fresh equity issue of up to 50.34 lakh equity shares at Rs 100 per share, with no offer for sale in the public offering. The net proceeds will go towards repayment of some debt, store repairs and setting up new retail stores. Meanwhile, the Aatmaj IPO had a slow start, with just 16% of shares subscribed so far, and the Vilin Bio IPO has been subsc...

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.

Cosmic CRF, the cold-rolled stainless section supplier, will be the first SME IPO to open for subscription on June 14, with a price band at Rs 314-330 per share.

The initial public offerings (IPOs) of four companies will be open for subscription this week keeping the primary market busy. The companies are:   Urban Enviro Waste Management Ltd Bizotic Commercial Ltd Cosmic CRF Ltd Cell Point (India) Ltd -- aaa