New Delhi. Tarsons Products’ initial public offering (IPO) received 3.58x subscriptions on the second day of today’s issuance. 1,08,44,104 shares were offered in the company’s IPO valued at Rs 1,023.84 crore. By comparison, offers have so far been received for 3.88.07,802 shares. The retail individual investor segment subscribed 4.74 times and the non-institutional investor segment 3.98 times. The Qualified Institutional Buyer (QIB) segment was subscribed 1.30 times. Under the IPO, new shares worth Rs 150 crore were issued and an open sale offering (OFS) of 1.32,00,000 equity shares was launched. The price range for the IPO has remained at Rs 635 to Rs 662 per share. Tarsons Products raised Rs 306 crore from anchor investors on Friday.
Go Fashion’s IPO will open from tomorrow, investors will be able to apply for the issue until November 22. Latent View Analytics Ltd.’s initial public offering (IPO), which took place last week, has been subscribed more than 300 times. This is also the highest subscription received for a problem so far. The segment obtained a higher subscription than all segments. The non-institutional investor segment subscribed 850.66 times and the eligible institutional buyer segment (QIB) 145.48 times. Shares reserved for retail investors received 119.44 times the offers. At the same time, the largest initial public offering in the country, that is, Paytm’s initial public offering obtained only about 2 times the subscription.