So far, in 2021, as many as 40 companies have floated their IPOs to raise Rs 64,217 crore.
Of late, the initial public offer of Paras Defence and Space Technologies was subscribed 304.26 times
Ahead of the IPO, it said its track record of over two decades will stand in good stead
Investors should wait for an opportunity for a healthy correction and the price to go below the IPO price for making a fresh entry for long term.
Sansera Engineering IPO: It opened for trading at Rs 811.50 on the National Stock Exchange, compared to the issue price of Rs 744.
Anand Rathi Advisors Limited is the book running lead manager to the offer.
The company reported a consolidated net profit of Rs 15.73 crore and sales of Rs 143.33 crore in the twelve months ended 31 March 2021.
Grey market premium for Paras Defence is around Rs 200 per share, which is about 200% over the issue price
The company is aiming to raise Rs 170.80 crore through its upcoming public issue at the upper price band.
Around 40 current and former Paytm employees have converted their stock options to shares.