IPO Wrap on November 26: Rajputana Biodiesel IPO booked 18x on day 1, 3 IPOs close for subscription; check key details

The primary markets were abuzz with activity on Tuesday, November 26, as three public issues witnessed strong demand from investors on their last day of subscription. Additionally, the SME issue of Rajputana Biodiesel Limited also opened to a healthy response from the investors across categories.

Here’s a look at some of the key events that kept primary markets abuzz on November 26:

Rajputana Biodiesel IPO day 1

Rajputana Biodiesel Limited IPO opened for subscription on Tuesday, November 26. The NSE SME issues received bids for more than 2.28 crore shares against 12.44 lakh shares offered for subscription, leading to an overall subscription of 18.4 times.

The IPO was booked 30.48 times in the retail category and 12.85 times in the Non-Institutional Investors (NIIs) category on the first day of subscription. The issue was subscribed 71% in the Qualified Institutional Buyers (QIBs) category on the first day of bidding.

Rajputana Biodiesel IPO is worth ₹24.7 crore and consists of an entirely fresh issue of 19 lakh shares. The price band for the SME issue has been fixed at ₹123 to ₹130 per share. Retail investors can apply for the issue by placing bids for a minimum of 1,000 shares which aggregates to an investment of ₹1,30,000.

The IPO subscription is scheduled to end on Thursday, November 28. The tentative listing date for the company's shares is Tuesday, December 3. Shares of the company will be listed on the NSE SME platform, Emerge.

Enviro Infra Engineers IPO Day 3

Enviro Infra Engineers IPO was subscribed 89.9 times on the final day. The mainboard issue was booked 24.48 times in the retail category and 153.8 times in the NII category. The issue was booked 157.05 times in the QIB category and 37.77 times in the employees’ category.

Enviro Infra Engineers IPO is worth ₹650.43 crore and comprises a fresh issuance of 3.87 crore shares, amounting to ₹572.46 crore, along with an offer-for-sale (OFS) of 53 lakh shares, aggregating to ₹77.97 crore. The IPO share allotment status is likely to be finalised on November 27. The tentative listing date for the comapny's shares is Friday, November 29. Shares of Enviro Infra Engineers will list on the NSE and BSE.

C2C Advanced Systems IPO Day 3

C2C Advanced Systems IPO was oversubscribed 125.42 times on the final day of subscription. The IPO was subscribed 132.73 times in the retail category and 233.47 times in the NIIs category on the final day of bidding. The issue was subscribed 31.61 times by the QIBs.

C2C Advanced Systems aims to raise 99.07 crore. The IPO consists of a fresh issue of 43.84 crore shares. The IPO share allotment status is likely to be finalised on November 27. The tentative listing date for the company's shares is November 29. Shares of the company will list on the NSE Emerge platform.

Lamosaic India IPO Day 3

Lamosaic India IPO was oversubscribed 1.82 times on the final day of subscription. The IPO was booked 2.65 times in the retail category and 98% in the NII category. The issue received bids for 1,200 shares from the QIBs.

Lamosaic India IPO is worth ₹61.20 crore and consists of a fresh issue of 30.6 lakh shares. The IPO share allotment status is likely to be decided on November 27. The tentative listing date for Lamosaic India Limited’s shares is November 29. Shares of Lamosaic India will be listed on the NSE SME platform.

Upcoming IPOs In November

The last week of November is action-packed as the remaining days will see key events such as the listing of NTPC Green Energy and Enviro Infra Engineers Limited shares on November 27 and November 29 respectively. The shares of Lamosaic India Limited and C2C Advanced Systems Limited will also list on the NSE SME platform on November 29.

Five SME IPOs will also open for subscription this week, which include Ganesh Infraworld IPO, Agarwal Toughened Glass India IPO, Apex Ecotech IPO, Abha Power and Steel IPO and Rajesh Power Services IPO.