IPO Market: After Burger King in December, now the IPO of Mr. Bectors Food is getting good response from investors. So far on the second day of the IPO, Mr. Bectors Food’s IPO has received 5.5 times bids. Reserve parson for retail investors has been filled more than 10 times till now. The IPO of about 540 crores has so far received bids for 7.33 crore equity shares. While its seal was 1.32 crore equity shares. The IPO of Egypt Bectors received 2.3 times subscription on the first day. Investors’ craze regarding IPOs can be gauged from the fact that about 60 per cent of IPOs were completely filled on the first day this year.
IPO: Full subscription received on day one
In this case, Chemcon Specialty is at number one. Chemcon Specialty’s IPO received 5.8 times subscription on the first day. Burger King’s 810 crore IPO received 3.133 times bids on the first day, while Happiest Mind’s IPO was 2.8 times full on the first day. Root Mobile’s IPO received nearly 100 per cent subscription on the first day. Bidding for 1.22 crore equity shares was changed from 1.21 crore equity share size. Mazagon Dock Shipbuilders’ IPO received 2.09 times bids on the first day. Likita Infra’s IPO was also filled 1.1 times on the first day.
Raised around 30 thousand crores till now
So far this year, IPOs of 14 companies have arrived. These companies have raised about 30 thousand crores from the primary market this year. Whereas due to lockdown, companies have been avoiding IPO for a long time. After the SBI card IPO in March, the process of IPO has started from September. There have been 70 per cent IPOs whose listing has been done at a premium. Talking about the year 2019, Rs 12,362 crore was raised through 16 IPOs in the whole year. In 2018, 24 companies raised Rs 30,959 crore from the IPO.
Mrs Bectors IPO: Should Mr Bakers IPO Invest Money? Know important things before investing
IPO market ‘HIT’ in December too
The outbreak which has come in the IPO market since September, is also continuing in December. Burger King’s IPO opened in December, with an issue price of Rs 60. The company’s stock reached Rs 199 on the third day of listing. That means 232 percent return in 3 days. Now the IPO of Mr. Bectors Food is also getting a strong response.
Source: www.financialexpress.com
