Investors have shown considerable interest in recent initial public offerings (IPOs) of several companies, including KK Shah Hospitals, Vrundavan Plantation, Transteel Seating Technologies, and Shanthala FMCG Products. These IPOs are part of a broader market trend following the collaboration between SKI Capital and PROSE Integrated to tap into the Rs 2,500 crore SME IPO market.
Today, it was noted that the IPO of KK Shah Hospitals garnered nearly three times the subscriptions by Day 2 from both retail and high-net-worth investors. Similarly, Vrundavan Plantation's public offer was oversubscribed two times on Day 1, with retail investors buying 3.35 times the allotted quota and HNIs picking up only 0.65 times their quota.
Transteel Seating Technologies also witnessed healthy investor interest with its IPO being subscribed 1.08 times on Day 1. Retail investors bid 2.7 times their allotment while HNIs bought 1.76 times the allotted quota.
Shanthala FMCG Products’ IPO was subscribed 2.26 times on Day 2, with retail investors picking 1.72 times their share and HNIs buying 2.8 times the allotted quota.
This wave of successful IPOs comes ahead of the highly anticipated Mamaearth IPO set to launch on October 31. The robust response to these public offerings underscores the continued investor confidence in new listings amid a broader market trend.
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