Yatharth sees tepid listing, but strong finish
Yatharth got listed at a meager premium of just 2%. Besides this, there is a lot of activity in the IPO market on both SME and mainboard.
After witnessing a list of bumper listings on mainboard we have got an IPO listing that remains tepid. Today Yatharth got listed at a meagre premium of just 2%. Besides this, there is a lot of activity in the IPO market on both SME and mainboard.
Yatharth’s Tepid Listing
Yatharth Hospital IPO got listed at Rs 306.1 per share on NSE. This is listing at a premium of just 2%. Its issue price was Rs 300 per share at the upper band. During the subscription the company got a good response as it got subscribed a total of 37.3 times. The company raised a total of Rs 606.6 crore from IPO. By the close, the share had risen Rs 33.85 to Rs 333.85, a rise of 11.85%.
Concord Biotech IPO
The IPO has been fully subscribed as it got subscribed 1.90 times. The IPO is open for subscription from 4th August to 8th August. It has a price band of Rs 705 to Rs 741 per share. The company is looking to raise Rs 1,551 crore from the IPO. It’s GMP is Rs 155 per share which implies listing at a premium of more than 20%.
SBFC Finance IPO
Today is last day of subscription and given the good fundamentals of the company the investors are running towards it. Due to this it is subscribed 36.33 times. The IPO was opened on 3rd August and will remain open until today. The IPO has a price band of Rs 54 to Rs 57 per share. The company is looking to raise Rs 1025 crore from IPO. In grey market it is trading at a premium of Rs 40 per share. This implies listing at a premium of 70%.
Let’s move to SME IPOs
Srivari Spices and Foods IPO
The IPO opened today and will remain open until 9th August. This price band of the company is Rs 40- 42 per share. The company is looking to raise 9 crore from IPO. On 1st day by the time of writing this story the IPO got subscribed 5.09 times. It’s GMP is Rs 23 per share which implies listing at 54.76%.
Sangani Hospitals IPO
The IPO will remain open from 4th August to 8th August. By the time of writing this story, the IPO was subscribed 1.58 times. The price band of IPO is Rs 37 to Rs 40 per share. The company is looking to raise Rs 15.17 crore from IPO. Its GMP is just Rs 1 per share
Yudiz Solutions IPO
The IPO will remain open from 4th August to 8th August. By the time of writing this story the IPO got subscribed 1.56 times. The company is looking to raise Rs 44.84 crore from IPO. Its GMP is around Rs 20 per share.
Published: August 7, 2023, 16:34 IST