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The ₹400 crore initial public offering (IPO) of real estate firm Suraj Estate Developers was subscribed 3.26 times by 10:55 am on the final day of bidding. It had received bids for 2.53 crore shares as against 77.77 lakh on offer.
The Ashish Kacholia-backed company raised Rs 351 crore from its initial public offering, as it sold its shares in the Rs 102-108 price band from August 22 to August 24.
The IPO of Aeroflex Industries saw a robust response, driven by healthy demand across categories. The issue was subscribed 97 times overall at close. The qualified institutional buyer category was the most subscribed at 194.7 times, followed by the non-institutional investors' portion with 126.10 times bids. The reservation shareholders' portion was subscribed 28.51 times, whereas the retail part was subscribed 34.35 times.
The Ashish Kacholia-backed company raised Rs 351 crore from its initial public offering, as it sold its shares in the Rs 102-108 price band from August 22 to August 24.
Aeroflex Industries is a market leader in metallic flexible flow solutions, offering a comprehensive range of products including corrugated stainless steel hoses and interlock flexible metal hoses.