Market

India's RITES, Fine Organic IPOs see strong interest

Updated : June 22, 2018 06:42 PM IST

State-run engineering consultant RITES Ltd's initial public offering to raise 4.66 billion rupees was subscribed 66.86 times by 1230 GMT, stock exchange data showed.

Additives maker Fine Organic Industries Ltd's IPO to raise 6 billion rupees saw bids 8.81 times the number of shares on offer, data showed.

Initial share sales in two Indian companies aiming to raise a combined 10.66 billion rupees ($157.20 million) saw strong interest from investors on the last day of sale on Friday.

State-run engineering consultant RITES Ltd's initial public offering to raise 4.66 billion rupees was subscribed 66.86 times by 1230 GMT, stock exchange data showed.

Additives maker Fine Organic Industries Ltd's IPO to raise 6 billion rupees saw bids 8.81 times the number of shares on offer, data showed.

Indian companies have raised about 200 billion rupees ($3 billion) from initial shares in the first five months of 2018. They raised a record $11 billion from primary markets in the previous year.

Elara Capital, IDBI Capital, IDFC Bank and SBI Capital Markets are managing the RITES IPO. JM Financial and Edelweiss are managing the Fine Organic IPO.

India's RITES, Fine Organic IPOs see strong interest

You May Also Like

10 Sensex firms add Rs 1.37 lakh crore in valuation past week; TCS, RIL major gainers

Mutual fund investment in equity markets rises to Rs 39,500 crore in H1 2020 on attractive valuations

COVID-19: NEET postponed to Sept 13, JEE-Mains to be held from Sept 1, says HRD Ministry

Trending on CNBC-TV18

recommended for you