3 IPOs seeking Rs 2.5k crore in all see Rs 22.5k crore bids
MUMBAI: Three initial public offers (IPOs) that closed on Thursday, together eyeing to garner Rs 2,562 crore, received bids aggregating nearly Rs 22,500 crore.
Globe Civil Projects with an IPO size of Rs 119 crore was subscribed 86 times, Ellenbarrie Industrial Gases' Rs 853-crore offer was subscribed 22 times while Mumbai-based real estate major Kalpataru's Rs 1,590 crore IPO was subscribed 2.3 times, data from the exchanges and merchant bankers showed.
Two more IPOs on the main board-Rs 12,500-crore offer for HDB Financial and Rs 540-crore offer for Sambhv Steel Tubes-are set to close on Friday. Both the offers were fully subscribed by the close of bidding on Thursday, exchange data showed.
Of the two, HDB Financial's offer is the largest IPO by an NBFC in India. HDB Financial mopped up Rs 3,369 crore from anchor investors. The offer's price band has been fixed at Rs 700-740 per share. At the upper end, the company is valued at nearly Rs 61,400 crore.
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