SAR Televenture, Baba Food Processing, and Micropro Software Solutions have witnessed significant investor interest in their respective initial public offerings (IPOs). SAR Televenture's IPO was notably oversubscribed by 267 times on the final day of bidding, which ended on Wednesday. The non-institutional investors showed remarkable enthusiasm, subscribing at a rate of 715 times, while retail investors and Qualified Institutional Buyers (QIBs) subscribed at 222 times and 77 times their allotted quotas respectively. The shares were offered in the price band of ₹52-55.
Baba Food Processing's IPO also received substantial attention, becoming fully subscribed on its opening day. The total subscription ratio stood at 2.82 times, with retail investors bidding at a rate of 3.72 times. Non-institutional investors and QIBs participated at 1.29 times and 1.66 times their respective quotas. The company set its share price band at ₹72-76, with the issue set to close on Tuesday, November 7.
Micropro Software Solutions' IPO too was fully subscribed on its first day, registering a subscription ratio of 1.88 times. Retail investors showed considerable interest with bids at 3.6 times their quota, while non-institutional investors subscribed at a rate of 0.35 times. The company set its share price at ₹81 (USD1 = INR83.187).
The high subscription rates for these IPOs indicate robust investor confidence in these companies and their growth prospects.
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