Runwal Enterprises, German Green Steel and Power raise ₹149 crore, ₹91 crore from anchor investors
German Green Steel and Orient Cables were fully subscribed on Day 1, while Runwal Enterprises and Ace Vector saw a modest response
In a series of initial public offerings (IPOs) on Friday, four companies successfully raised a combined ₹240 crore from anchor investors. Runwal Enterprises, a real estate firm, secured ₹149 crore, while German Green Steel and Power raised ₹91 crore. Ace Vector, the parent company of Snapdeal, Unicommerce, and Stellaro Brands, managed to raise ₹189 crore, whereas Orient Cables managed to raise ₹165.6 crore.
The IPOs saw varying levels of interest, with Runwal Enterprises and German Green Steel and Power witnessing full subscription on Day 1, while Ace Vector experienced a modest response.
Brief written by urgent.news from Hindu BusinessLine's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
