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In value terms, retail investors applied for shares worth a staggering Rs 1.49 lakh crore, which was a whopping 203% higher than the total IPO mobilisation in 2022, according to Prime Database.
The average listing gain (based on closing price on listing day) was up 29 pc
Shares of Avalon Technologies made a muted debut at Dalal Street on Tuesday as the company was listed at a price of Rs 431, a discount of a little more than 1% on BSE against its issue price of Rs 436. Watch this Business Today Visual Story to know more.
Avalon Technologies IPO: The initial public offer (IPO) of Avalon Technologies will open for subscription on April 3, and it will remain open for four days till April 6. Through the IPO, the company aims to raise Rs 865 crore. Watch this Business Today Visual Story to check Avalon Technologies IPO GMP, price band, lost size and other details.
There is little doubt that the market for initial public offering (IPO) will continue to attract investors in India who look for ways to make a quick profit. In the latest, Honasa Consumer Private Ltd, the parent firm of brands such as Mamaearth, The Derma Co, and BBlunt has filed draft papers with Sebi for listing to raise funds through a combination of a fresh issue and an offer-for-sale (OFS), said a report.