Six IPOs get aggressive bids worth ₹1.4 lakh crore as Rentomojo, Karamtara, LCC Projects sparkle
Rentomojo, Karamtara Engineering and LCC Projects were the biggest draws, while Steamhouse India and Arcil saw a modest response
Six companies had their initial public offerings (IPOs) on Friday, receiving overwhelming bids worth ₹1.39 lakh crore against a cumulative size of ₹4,510 crore. The standout IPOs were Rentomojo, Karamtara Engineering, and LCC Projects, while Steamhouse India and Arcil also saw respectable demand. The ₹1,256-crore Rentomojo IPO attracted bids for 157.49 crore shares, significantly above the 2.18 crore shares on offer.
Karamtara Engineering's ₹875-crore IPO saw 158.04 crore shares subscribed against 2.54 crore shares, while LCC Projects' ₹427-crore IPO had 99.59 crore shares subscribed against 2.09 crore shares. Steamhouse India's ₹414-crore IPO also had a healthy subscription of 30.49 times.
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