Business
Orient Cables IPO books 15.17 times on Day 3
The Hindu BusinessLine··29 Sept
Orient Cables (India) IPO was booked 15.17 times at 11.51 am on Day 3, businessline live updates showed. Non-institutional investors stood at 35.33 times and retail at 15.08 times, while QIBs were at 0.21 times. The issue has a price band of Rs 258-272 per share. Anchor investors earlier put in Rs 165.6 crore ahead of bidding.
Prism
What It Means For You
- Retail and NII demand is carrying Orient Cables while the QIB book remains thinly subscribed on Day 3.
- Four mainboard IPOs including AceVector, German Green Steel, Runwal Enterprises and Orient Cables close today.
- German Green Steel and Power was booked 9.68 times at 11.54 am on the same morning.
What's Happening
- Orient Cables combines a fresh issue of up to Rs 320 crore with an OFS of up to Rs 232 crore.
- AceVector was booked 1.62 times by late morning after SoftBank-backed anchors put in Rs 189 crore.
- Runwal Enterprises was booked 1.14 times at 11.57 am with retail still at 0.62 times.
Other closes on the same day
- German Green Steel's price band is Rs 132-139 with anchor funding of Rs 91.16 crore.
- AceVector's IPO is worth Rs 420 crore with a Rs 30-32 price band.
- An SME issue from Sai Urja Indo Ventures is also scheduled to conclude today.
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