NEETU Yoshi IPO: IPO market is at the moment buzzing. On July 1, the IPO of seven corporations was listed within the inventory market. Many IPOs are nonetheless open for subscription. On the identical time, IPO subscription of Neetu Yoshi Restricted and Adcounty Media India stopped right this moment. Each these IPOs have seen large response from traders. On the final day of bidding, on 1 July, Neetu Yoshi’s IPO was 119.19 occasions whereas the IPO of Adcounty Media India was 251.70 occasions subscribed. All these IPOs are to be allotted by July 2. How did Neetu Yoshi IPO subscription? Neetu Yoshi’s IPO, who made Metalurgical Merchandise, was open for subscription throughout 27 June to 1 July. Traders bid for 87.62 crore fairness shares towards 73.52 lakh shares. Non-institutional traders bid 189.73 occasions their quota. Eligible institutional consumers subscribed 96.36 occasions and retail traders 91.21 occasions their quota. The worth band of the IPO of Uttarakhand based mostly firm Neetu Yoshi was ₹ 75 per share. The corporate is accumulating ₹ 77.04 crore via 1.02 crore fairness shares. Out of the quantity acquired from the IPO, ₹ 50.8 crore is meant to make use of a brand new manufacturing unit and use the remaining quantity for common company functions. Within the involved information, NII traders in Adcounty Media India IPO bumbled an enormous area to see an enormous rule among the many requests for the Ipo. It acquired 251.70 occasions subscription. Traders bid for 107.64 crore shares towards the 42.76 lakh shares provided within the IPO via 3.06 lakh functions. NII traders bid 397.93 occasions their reserve half. Other than this, Retail and QIB booked their quota 229.37 occasions and 137.33 occasions respectively. Adcounty Media India, which gives digital advertising and marketing answer, launched its IPO final week to boost ₹ 50.69 crore at a value of ₹ 85 per share. Funds from IPO will likely be used for capex, working capital necessities, new acquisitions and common company functions. Tell us that Neetu Yoshi and Adcounty Media India shares will likely be listed on BSE SME on 4 July. GMP?
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