Clean Max Enviro Energy Solutions’ IPO, which opened for public subscription on Monday, February 23, and is concluding on Wednesday, February 25, witnessed healthy institutional demand even as retail demand was muted. The segment reserved for qualified institutional buyers (QIBs) was subscribed to 2.83 times by 6 pm on the third day of subscription on…
Admach Systems SME IPO listing: Shares of Admach Systems listed at a 20% discount to the issue price of 239 on Wednesday, 31 December. The SME stock opened at 191.20, down 20% with respect to the issue price, but rebounded to hit the upper price band of 200.75 as the day progressed. However, the stock’s…
Automotive lighting products and components manufacturer Neolite ZKW Lightings has filed a Draft Red Herring Prospectus (DRHP) for a 600 crore initial public offering (IPO), which combines a fresh issue of shares to raise 400 crore and an offer for sale (OFS) of 200 crores. The company intends to use the net proceeds from the…
