IPO Wrap: Agarwal Toughened Glass IPO booked 37%, Rajputana Biodiesel IPO subscribed nearly 719x; check key details

The primary market has been seeing sustained investor interest in the last few months. It was also yet another busy day for the investors in the IPO space on Thursday, November 28. The initial public offerings (IPOs) of Agarwal Toughened Glass India Limited, Apex Ecotech Limited, Abha Power and Steel Limited and Rajputana Biodiesel Limited garnered immense demand from investors.

Additionally, the investors are also eagerly waiting for the share allotment status of Rajesh Power Services IPO, scheduled to be finalised today.

Here’s a look at some of the key events which took place on November 28:

Agarwal Toughened Glass India IPO day 1

Agarwal Toughened Glass India IPO is open for subscription from November 28 to December 2. The NSE SME issue was booked 37% on the first day of bidding on Thursday. The IPO received bids for over 14.5 lakh shares against 38.52 lakh shares on offer.

The company's IPO was booked 69% in the retail category and 11% in the Non-Institutional Investors’ (NII) category on the first day of subscription. The QIBs applied only for 12,000 shares. The company has reserved 11 lakh shares for the Qualified Institutional Buyers (QIB) category.

The IPO is worth ₹62.64 crore and consists of an entirely fresh issue of 58 lakh shares. The price band for the SME issue has been fixed at ₹105 to ₹108 per share. Retail investors can apply for the issue by placing bids for a minimum of 1,200 shares, which aggregates to an investment of ₹1,29,600.

The subscription window for the IPO is scheduled to close on December 2. The tentative listing date for Agarwal Toughened Glass India Limited’s shares is December 5. Shares of the company will be listed on the NSE SME platform, Emerge.

Rajputana Biodiesel IPO subscribed nearly 719 times

Rajputana Biodiesel IPO was booked nearly 719 times on the final day of subscription. The NSE SME issue received bids for over 89.43 crore shares against 12.44 lakh shares on offer.

The company's IPO was subscribed 746.56 times in the retail category and 1,346.48 times in the NIIs category. The issue was booked 177.38 times by the QIBs.

The IPO is worth ₹24.7 crore and comprises a fresh issuance of 19 lakh shares. The IPO share allotment status is likely to be finalised on November 29. The tentative listing date for Rajputana Biodiesel Limited’s shares is December 3. Shares of Rajputana Biodiesel Limited will be listed on the NSE SME platform, Emerge.

Apex Ecotech IPO Day 2

Apex Ecotech IPO was oversubscribed 22.04 times on the second day of bidding. Apex Ecotech IPO was subscribed 34.62 times in the retail category and 22 times in the NIIs category. The issue was subscribed 3% in the QIBs category.

Apex Ecotech aims to raise ₹25.54 crore through a fresh issue of 34.99 lakh shares. The IPO share allotment status is likely to be finalised on December 2.

The tentative IPO listing date is December 4. Shares of Apex Ecotech will be listed on the NSE Emerge platform.

Abha Power and Steel IPO Day 2

Abha Power and Steel IPO was booked 3.82 times on the second day of subscription. Abha Power and Steel IPO was booked 6.36 times in the retail category and 1.27 in the NIIs category. The QIBs applied for 3,200 shares.

The IPO is worth ₹38.54 crore and consists of a fresh issue of 41.39 lakh shares, amounting to ₹31.04 crore, and an offer-for-sale of 10 lakh shares, worth ₹7.5 crore.

Abha Power and Steel IPO share allotment status is likely to be decided on December 2.

Shares of the company will be listed on NSE Emerge, the listing date tentatively fixed as December 4.

Upcoming IPOs In November

Suraksha Diagnostic Limited IPO and Ganesh Infraworld Limited IPO will open on the last trading day of the month on Friday, November 29. The SME issues of Apex Ecotech Limited IPO and Abha Power and Steel Limited IPO are also scheduled to close for subscription on Friday.

Shares of Lamosaic India Limited and Enviro Infra Engineers Limited will make their D-street debut on Friday as well.