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Shares of Megatherm Induction listed with a massive premium of 108% earlier this week. Post the debut, the stock jumped further and is currently trading at Rs 252 apiece, up nearly 133% over the issue price.
The issue received robust response from investors where it was subscribed 246 times. The part reserved for retail investors was subscribed 120 times and other investors were booked 361 times. The IPO was entirely a fresh equity issue of up to 7.98 lakh equity shares aggregating to Rs 8.06 crore.
Gabriel Pet Straps IPO: The stock opened at Rs 115 against the issue price of Rs 101 on BSE SME
Italian Edibles IPO Price Band: Italian Edibles IPO subscription opened today and will close on February 7. The company aims to raise Rs 26 crore through the IPO. The allotment will be finalised on February 8 and the tentative listing date is set as February 12. Italian Edibles is in the business of manufacturing confectionery products and has a large pan-India distribution network.
Italian Edibles IPO: The company is offering its shares at Rs 68 apiece, and investors can bid for 2,000 shares in one lot. About 50% of the offer is reserved for retail investors and the remaining 50% for non-institutional investors.