IPO Wrap, Aug 1: NSDL closes with 41x subscription, M&B Engineering booked over 36x; check all other subscription updates

Three mainboard initial public offerings (IPOs) closed their subscription on Friday, August 1, while three SME ones remain active.

The three IPOs that closed for subscription were National Securities Depository Limited (NSDL), M&B Engineering, and Sri Lotus Developers and Realty.

Meanwhile, one of the new SME IPOs, FlySBS Aviation, opened for booking on Friday.

Here’s a look at the IPO market on Friday:

Till 5 PM, the ₹4,011 crore initial share sale received bids for 144,037,908 shares against 35,127,002 shares on offer, as per exchange data.

• Qualified Institutional Buyers (QIBs): 103.97x

• Non-Institutional Investors: 34.98x

• Retail Individual Investors (RIIs): 7.73x

The initial public offering (IPO) of up to 6,708,000 equity shares has a price range of ₹205-216 per share. The price range has been fixed at ₹760 to ₹800 per share. The company's shares will hit the secondary market on August 6.

The ₹792 crore IPO received bids for over 2,741,869,400 shares against 39,658,730,000 shares.

• Qualified Institutional Buyers (QIBs): 163.90x

• Non-Institutional Investors: 57.71x

• Retail Individual Investors (RIIs): 20.28x

Sri Lotus Developers IPO, a book-built offer worth ₹792 crore, is a completely fresh issue of over 5.28 crore shares, amounting to ₹792 crore. Sri Lotus Developers IPO issue price was fixed at ₹140 to ₹150 per share. The minimum lot size for the issue is 100 shares, aggregating to an investment of ₹15,000 per lot.

• Qualified Institutional Buyers (QIBs): 36.72x

• Non-Institutional Investors: 38.24x

• Retail Individual Investors (RIIs): 32.55x

The IPO is a mix of a fresh issue of equity shares worth ₹275 crore and an offer-for-sale (OFS) of ₹375 crore by promoters. Proceeds from the fresh issue will be used for purchasing equipment and machinery for the company's manufacturing facilities, payment of debt, working capital requirements, and general corporate purposes.

M&B Engineering is one of the country's leading Pre-Engineered Buildings (PEB) and Self-Supported Roofing providers in terms of installed capacity (103,800 MTPA related to PEB and 1,800,000 square meters per annum for Self-Supported Roofing).

SME IPOs