{
Obsc Perfection Ltd.

Companies

}
001122334455554433221100
001122334455554433221100

Danish Power IPO achieves record subscription amid strong SME market activity

Danish Power's IPO has achieved a remarkable 117.9 times subscription, making it the largest-ever SME IPO, with investors purchasing 44.14 crore equity shares against an offer of 37.44 lakh shares. The Jaipur-based transformer manufacturer opened its share sale on October 22, aiming to raise Rs 197.9 crore at a price band of Rs 360-380 per share. Notably, the company secured Rs 55.63 crore from 19 anchor investors prior to the IPO launch.
Moneycontrol
Indian Rupee Obsc Perfection Ltd. Danish Power Ltd. Usha Financial Services Ltd. United Heat Transfer Ltd. IND Carnelian Structural Valuequest India JM Financial Bharat Venture Finavenue Capital Show more
Finance & Economy, Market Report
15:09 24.10.2024

obsc perfection sees strong subscription demand ahead of upcoming share listing

OBSC Perfection's issue has been subscribed 1.29 times as of day 2, with a total size of Rs 66.02 crore and a lot size of 1,200 shares. The price band is set at Rs 95-100, requiring a minimum investment of Rs 1,14,000. Subscription closes on October 24, with share allotment on October 25 and listing on the NSE SME platform on October 29. The proceeds will fund capital expenditures, working capital, and general corporate purposes.
Moneycontrol
Obsc Perfection Ltd. IND
Finance & Economy, Market Report
12:33 23.10.2024
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