RK Swamy IPO fully subscribed on Day 1 on heavy retail bidding

RK Swamy IPO fully subscribed on Day 1 on heavy retail bidding

The initial public offer (IPO) of RK Swamy sailed through on the first day of the bidding process. The issue, which closes on March 6, was booked 2.18 times, led by strong interest from retail and non-institutional investors. The retail portion of the IPO was subscribed 7.8 times, followed by NIIs at 2.9 times. The …

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IPO Analysis: BLS E-Services Ltd

IPO Analysis: BLS E-Services Ltd

IPO Rating: Apply for the long-term About the Issue:   BLS E-Services Ltd serves as a technology-enabled digital service provider, offering three key services including business correspondent services to leading banks in …

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Will IREDA stock be a redux of IRCTC at the bourses?

Will IREDA stock be a redux of IRCTC at the bourses?

September 30-October 3, 2019: One of the prominent public sector companies, Indian Railway Catering and Tourism Corporation (IRCTC), hit the capital market with a ₹645-crore public issue at a price band of ₹315-320; October 14, 2019: As against the IPO price of ₹320, the stock listed at ₹644, surged to a high of ₹743.80 and closed …

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