Shares of Exxaro Tiles closed at Rs 132.20, at a premium of 10.16% compared with the issue price of Rs 120 per share
Majority of brokerages had assigned a subscribe rating to the issue
Here is the grey market premium for Devyani International Rs 56, Krsnaa Diagnostics Rs 290, Exarro Tiles Rs 9 and Windlas Biotech Rs 90
Devyani International saw the highest share of applications from Paytm Money investors under 25 years of age
The Rs 1,213.33-crore IPO received bids for 3,80,33,730 shares against 71,12,099 shares on offer
On the second day of the bidding, Krsnaa Diagnostics has been subscribed 5.33 times.
Proceeds from the issue will be used for financing the cost of establishing diagnostics centres in Punjab, Karnataka, HP and Maharashtra
Krsnaa Diagnostics, Devyani International, Exxaro Tiles and Windlas Biotech are going to raise close to Rs 3,614 crore between August 4 and 6
At the issue price of Rs 954, the issue looks fully priced. However, due to bullish sentiments, we may see IPO garnering good subscription.
The largest franchisee of Pizza Hut, KFC and Costa Coffee in India has fixed a price band of Rs 86-90 a share for its Rs 1,838-crore IPO