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Six public issues expected next week amid market rally

The Morning Standard

|

December 16, 2023

THE Initial public offers (IPOS) are looking to reap the benefits of the domestic equity markets, which are at record high over the past one month.

Six public issues expected next week amid market rally

Over half a dozen IPOs are up for listing next week, and going by the subscription numbers, it seems investors are hoping to make hay while the sun shines.

Subscription of two IPOs -DOMS industries and India Shelter Finance - closed on Friday. DOMS Industries IPO was subscribed 93.52 times with retail investors bidding 69.67 times shares on offer. Non-institutional investors bid 66.51 times and qualified institutional buyers subscribed 66.51 times the IPO size.

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