IPOs are buzzing all around

First is Kaka Industries and its listing was quite phenomenal. It got listed on the BSE at a price of Rs 110.2 per share while its issue price was Rs 58 per share. It got listed at the premium of 90%. Even during the bidding process, it enjoyed a similar response as the IPO was subscribed 292.7 times. The company raised a total Rs 21.23 crore from IPO.

Then comes Accelerate BS. It is also an SME IPO that got listed on BSE. The stock was issued at Rs 90 per share and it got listed at Rs 109.5 per share. This means the stock got listed at a premium of 21.67%. The IPO got subscribed total 49.2 times and the company raised Rs 5.69 crore from IPO.

Let’s move to the IPO whose bidding ended today on SME exchange. That company is Asarfi Hospital. The company got a good response as it was subscribed 195.14 times. The company is looking to raise Rs 26.94 crore from IPO and all of it is a fresh issue. It’s grey market premium is ruling at Rs 32 per share. This implies that shares will be listed with a premium of more than 61%.

Now comes the main board IPO which is Netweb Technologies. The company is looking to raise Rs 631 crore and out of that Rs 206 crore will be a fresh issue. Today was the last day of subscription and investors showed a lot of interest in the IPO. It got subscribed 90.55 times. Even the grey market is indicating a positive response on the company as its GMP is Rs 363 per share and this implies a premium of more than 72%.