The allotment for Midwest’s Rs 451 crore IPO will be finalised on Monday and investors who applied for the issue can soon check whether they have received shares. The issue received a massive response from investors, subscribing 92.36 times overall, led by strong demand from institutional and non-institutional investors. The IPO consisted of a fresh…
Austere Systems’ Rs 16-crore IPO, which closed on September 9, saw a massive subscription of over 1,000 times. The SME issue attracted strong demand across retail and non-institutional categories, making allotment chances slim for small investors. The allotment has been finalised on September 10, with refunds and demat credit scheduled for September 11. Shares are…
The allotment status of Brigade Hotel Ventures IPO is likely to be finalized today following the conclusion of bidding on July 28. The Rs 760 crore issue received an overall subscription of 4.48 times, with retail investors leading the charge, subscribing their quota 6.4 times. Qualified institutional buyers (QIBs) bid 5.42 times their reserved portion,…
KFin Technologies shares hit 5-month high: Shares of KFin Technologies in Monday’s trade have marked a fresh 5-month high of Rs 1344.1 apiece on the BSE, rallying close to 6 per cent at the day’s high. The stock is trading above its 50, , 100, and 200-day moving averages (DMAs), indicating a long-term uptrend and…
The initial public offering (IPO) of Astonea Labs, a company engaged in manufacturing pharmaceutical and cosmetic products, will open for subscription on May 27, and close on May 29. The company is aiming to raise Rs 37.67 crore through a fresh issue of 27.90 lakh shares. It will be listed on the BSE SME platform,…