Busy week for primary market as nine IPOs attract bids worth Rs 1.4 lakh crore
MUMBAI: Last week witnessed a surge in primary market activity as nine Initial Public Offers (IPOs) garnered bids totaling Rs 1.4 lakh crore, exceeding the mobilization target of Rs 3,100 crore, according to data from NSE and BSE. RentoMojo's IPO stood out, raising Rs 1,250 crore with a post-anchor subscription of 73 times, generating nearly Rs 63,600 crore in demand.
Karamtara Engineering's IPO also drew significant interest, with a post-anchor demand of Rs 40,667 crore, while LCC Projects, ARCIL, and Steamhouse India saw demand worth Rs 14,817 crore, Rs 10,311 crore, and Rs 9,299 crore respectively.
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