The initial public offerings of Sona BLW Forgings Ltd. (Sona Comstar) and Shyam Metalics Ltd. opened to investors on June 14. While the response to Sona Comstar was muted, Shyam Metalics' issue witnessed healthy investor interest.
Sona Comstar IPO: Day 1
The proposed Rs 5,500-crore IPO was subscribed 0.06 times as of 12:40 p.m. on June 14, led by demand from retail investors. Qualified institutional buyers, non-institutional investors and employees, however, stayed away.
Sona Comstar has fixed the price band at Rs 285-291 apiece.
Institutional subscription: 0.00 times.
Non-institutional investor subscription: 0.00 times.
Retail subscription: 0.37 times.
Employees: 0.00 times.
Research Reports On Sona Comstar IPO:
Shyam Metalics IPO: Day 1
Retail investors piled into the initial public offering of the integrated metal producer on first day.
The issue was subscribed 1.05 times as of 2:40 p.m. on June 14. Qualified institutional buyers stayed away from this issue too.
Shyam Metalics is selling shares at Rs 303-306 apiece in its Rs 909-crore IPO.
Subscription Details:
Institutional investors: 0.00 times.
Non-institutional investors: 0.06 times.
Retail investors: 2.10 times.
Employees: 0.15 times.
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