IPO wrap: EMA Partners India IPO booked over 221x, Stallion India IPO allotment to be finalised

With no new issues opening today, primary markets took a breather on Tuesday, January 21. Only two active initial public offerings (IPOs) of small and medium enterprises (SMEs) kept the investors busy.

The second day of bidding for the SME issue of CapitalNumbers Infotech Ltd also saw strong demand, while the EMA Partners IPO closed with a huge subscription.

The primary market investors were also waiting for the announcement of the share allotment status in two other issues.

EMA Partners India IPO closes for bidding

The ₹76.01-crore SME IPO of EMA Partners India Ltd saw huge demand on the last day of subscription. The NSE SME issue was oversubscribed 221.1 times across investor categories. The retail portion was booked 167.29 times, while the Non-Institutional Investors’ (NIIs) category was subscribed 444.42 times. The Qualified Institutional Buyers overbought their allocated portion by 147.69 times.

The IPO price band was fixed at ₹117 to ₹124 per share. The minimum bid size for the retail investors was a single lot size of 1,000 shares, amounting to an investment of ₹1,24,000.

EMA Partners India Ltd shares are scheduled to be listed on the NSE Emerge platform on January 24.

CapitalNumbers Infotech IPO Day 2

The ₹169.37-crore SME IPO of CapitalNumbers Infotech Ltd had a steady ride on the second day of bidding as well.

At the end of bidding at 5 pm on the second day, the BSE SME issue was booked more than 12 times. The retail quota of the IPO was subscribed nearly 16 times, while the NIIs’ segment was subscribed 15.7 times. The QIBs booked their category more than 3 times.

CapitalNumbers Infotech IPO price band has been fixed at ₹250 to ₹263 per share. The lot size for an application is 400 shares for the retail investors, aggregating to a minimum investment of ₹1,05,200. The IPO will close on January 22. Shares of CapitalNumbers Infotech Ltd are scheduled to be listed on the BSE SME platform on January 27.

Investors await share allotment status of two IPOs

Investors waited for the share allotment status of the two IPOs to be finalised— one mainboard and one SME issue. Both the IPOs closed for bidding on January 20.

Investors in Stallion India Fluorochemicals IPO can check the IPO allotment status on the official websites of issue registrar Bigshare Services Pvt Ltd. Share allocation details can also be checked on the NSE and BSE. The IPO was subscribed to 188.38 times overall. The stock is expected to be listed on the BSE and NSE on January 23.

Similarly, investors of the Landmark Immigration Consultants Ltd IPO can check the allotment status on the official website of Kfin Technologies Ltd, the issue registrar. The IPO status can also be checked on the BSE website.

The BSE SME issue was booked 72.9 times across investor categories. The company has proposed to list its shares on the BSE SME platform on January 23.