Earlier this week, the `5,550-crore issue of Sona BLW Precision was subscribed 2.33 times, while Shyam Metalics’ `909-crore offering got bids worth 121 times the IPO size.
Dodla’s offering received bids for 38.78 crore equity shares against the offered size of 85.07 lakh equity shares. KIMS received bids for 5.55 crore shares against the IPO size of 1.44 crore shares, according to stock exchanges data.
The qualified institutional buyers’ portion in the General Atlantic-backed KIMS Hospitals was subscribed 5.27 times, and the portion set aside for retail investors was subscribed 2.9 times. The non-institutional investors or high networth individuals portion subscribed 1.89 times. The IPO was priced in the band of `815-825 a share.
The issue comprised a fresh issue of `200 crore and an offer for sale of ` 1,944 crore by shareholders.
In Dodla’s IPO, qualified institutional buyers’ portion was subscribed 85 times. Non-institutional investors bid for 73.26 times the shares set aside for them, while the retail investors’ portion was subscribed 11.34 times. The IPO, which was priced at `421-428 per share, included a fresh issue of `50 crore and an offer for sale of `470 crore by the existing shareholders.
Investors have been bullish on IPOs so far in 2021 thanks to the buoyant markets. Since January, 21 companies have raised about `26,625 crore from the IPO compared to `26,613 crore raised by 15 companies in the same period last year.
About half a dozen companies, including Seven Iceland Shipping, Arohan Financial Services, India Pesticides, Rolex Rings, Glenmark Life Sciences, and Utkarsh Small Finance Bank have received Sebi approvals to float IPOs. Over 25 companies have filed their draft red herring prospectuses (DRHP) with the capital markets regulator to raise a total of more than `50,000 crore. Foodtech platform Zomato filed its DRHP for `8,250 crore. Aadhar Housing Finance is planning a `7,000-crore IPO while Nuvoco Vistas Corporation filed DRHP to raise around `5,000 crore.