Ken Enterprises IPO subscribed nearly 2 times on day 1, Amwill Healthcare issue booked 99%; check primary market key updates

Two new initial public offerings (IPOs) of small and medium enterprises (SMEs) opened today for bidding by primary market investors. Bidding was also happening in one more SME issue that garnered decent subscriptions within two days of launch.

If you want to know more, take a look at all the major happening in the IPO market on Wednesday, February 5:

Ken Enterprises IPO opens with decent demand

The SME issue of Ken Enterprises Ltd opened today witnessing decent demand. The IPO was subscribed 1.9 times at the end of the bidding process on Day 1. The retail investors’ portion was overbid 3.1 times, while the non-institutional investors’ (NII) portion was bought 0.75 times. The qualified institutional buyers (QIB) quota was yet to receive any bids.

The IPO is a fixed-price issue and aims to raise a total of ₹83.65 crore. It is a combination of a fresh issuance of 61.99 lakh shares, aggregating to ₹58.27 crore and an offer-for-sale (OFS) of 27 lakh shares, amounting to ₹25.38 crores.

Ken Enterprises shares are being offered at ₹94 apiece in the IPO in a lot size of 1,200 units. Bidding for the issue will close on February 7. Allotment of shares is expected to be finalised on February 10. Ken Enterprises shares are scheduled to list on the NSE Emerge platform on February 12.

Amwill Healthcare almost fully subscribed on Day 1

The SME IPO of Amwill Healthcare Ltd also opened today and managed to full subscription on the first day. The IPO was bought 99% with bids for 53.53 lakh shares in comparison to 54.03 lakh shares offered.

The retail investors’ portion was fully subscribed, while the NII portion was subscribed 45%. The QIB quota, meanwhile, was oversubscribed 2.19 times.

The Amwill Healthcare IPO is a 100% book-built issue of ₹59.98 crore. It is a combination of a fresh issuance of 44.04 lakh shares, aggregating to ₹48.88 crore, and an OFS of 10 lakh shares, aggregating to ₹11.1 crore.

The price band for the IPO is set at ₹105 to ₹111 per share, while the lot size or minimum bid quantity to apply for the issue is 1,200 units.

Bidding for the IPO will close on February 7 and the allotment of shares is expected to be finalised on February 10. Amwill Healthcare shares are scheduled to be listed on the BSE SME platform on February 12.

Chamunda Electrical IPO Day 2

The ₹14.6-crore SME issue of Chamunda Electrical Ltd saw strong subscription numbers on the second day. The IPO was subscribed over 45 times on day 2 with bids for 8.78 crore times against 19.32 lakh shares on offer. The retail investors’ portion was overbid 68 times, while the NII portion was overbought 40 times. The QIB quota was also oversubscribed 8.5 times.

The price band for the IPO is set at ₹47 to ₹50 per share, with the minimum bid quantity to apply for the issue being 3,000 shares.

Bidding for the issue closes on February 6. The allotment of shares is expected to be finalised on February 7. Chamunda Electrical shares are scheduled to list on the NSE Emerge platform on February 11.