Kahan Packaging IPO sees highest-ever subscription among SMEs
Kahan Packaging IPO | The number of shares bid for amounted to Rs 3,973.95 crore against the total IPO fund raising of Rs 5.76 crore
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Kahan Packaging IPO | The number of shares bid for amounted to Rs 3,973.95 crore against the total IPO fund raising of Rs 5.76 crore
So far, in 2023, 100 SME firms have raised a record ₹2,600 crore of funds from the SME board, breaking the previous record of ₹2,287 crore raised in 2018 by 141 firms. By contrast, 19 companies have raised around ₹14,500 crore on the main board
A trading platform dedicated to small and medium enterprises (SMEs) is currently witnessing a flood of public offerings on surging demand from rich individual domestic investors with the risk appetite for such small issuances.
Utkarsh Small Financ, DB Corp., Dynamic Cables, IndiaMART and Universal Cable, hit their fresh 52-week highs at 10:44AM.
The Nifty Bank index was trading 0.23 per cent down at 46081.45.