LEAP India IPO subscribed 8.38 times, Technocraft Ventures issue sees 38.69x demand
LEAP India IPO QIB portion subscribed 16.84 times, NII portion 12.64 times, retail portion 1.71 times and employee portion 10.99 times
The LEAP India IPO and Technocraft Ventures IPO, both mainboard listings, closed on Tuesday with strong subscription rates. The LEAP India IPO, valued at ₹2,480 crore, saw an overall subscription of 8.38 times. The QIB portion was 16.84 times, the NII portion was 12.64 times, the retail portion was 1.71 times, and the employee portion was 10.99 times.
The IPO raised ₹743.62 crore from institutional investors, including the Smallcap World Fund and the Monetary Authority of Singapore. The company plans to utilize the funds for debt repayment, working capital needs, and other corporate expenses. The Technocraft Ventures IPO, priced between ₹200-₹212 per share, received an impressive 38.69 times overall subscription.
The QIB portion was 42.26 times, the NII portion was 65.06 times, and the retail portion was 25.35 times. The company raised ₹75.55 crore from anchor investors. Technocraft Ventures is an engineering, procurement, and construction firm engaged in public infrastructure projects.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — it may contain errors, so check the original before relying on it.
