The issue, which was priced on RS 103, received bids worth RS 1.13 Lakh Crore opposite RS 1900 Crore. DEV Accelerator, which collected a subscription of almost 64 times, received bids for RS 5,124 Crore. The company was planning to pick up around 143 crore. In the meantime, Shringar House of Mangalsutra was subscribed more than 60 times and received bids for 16,927 Crore.
All three IPOs will see their allocation completed on Monday with listed data planned for Wednesday. In accordance with the question, the GMPs were healthy for these companies. Urban Company offered a premium of more than 40% on the last day of Bidding.
For Urban Company, analysts said that the strong demand underlines the trust of investors, so that the IPO positions one of the most actively subscribed issues of the year.
However, this IPO is suitable for risky, risky investors and for people with a long -term horizon who believe in the company’s ability to scales sustainably as the online penetration becomes deeper.
“Our attitude would be to stay careful in view of the growth potential but stretched ratings,” said Gaurav Garg, the Lemon Markets desk. India is one of the world’s leading IPO markets, which in 2024 raises more than RS 1.5 Lakh -Crore and retained that place in 2025.Alalitions says the flood of IPOs – with RS 2.8 Lakh Core of problems with exclusive Jio – does not have the retail and institutional buyers. The technically guided consumer story from Urban Company, DEV Accelerator’s Tier-2 Office Play and Shringar’s Niche jewelry positioning have all attracted different demand bags.
According to Data from Primedatabase, SEBI has given green light to problems worth RS 1.14 Lakh Crore and RS 1.64 Lakh Crore Worth offers are pending approval. This is shortened as a regulator, the approval period lines, with the help of AI tools to scan documents and to erase applications faster.
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