← Top stories
IPO● Neutral for Indian equities
Runwal Enterprises raises ₹149 crore from anchors ahead of ₹499.83-crore IPO
The brief
- Anchor investors subscribed for ₹149 crore ahead of the offer
- The IPO aims to raise about ₹500 crore, primarily for debt repayment; subscription stood at 42%
- Debt repayment may improve the balance sheet; IPO investors face exposure to Indian real estate
- IPO GMP: Moneyview, A One Steels, Orient Cable, German Green, Ace Vector, Runwal - check subscription, allotment date
- Orient Cables leads four IPOs with a reported 33% grey-market premium
- Orient Cables vs Runwal Enterprises Vs AceVector Vs German Green IPO Day 2: Subscription Status, GMP And Price Band
- Runwal Enterprises, German Green Steel and Power raise ₹149 crore, ₹91 crore from anchor investors
- Up To 41% Listing Day Gains? What IPO GMPs Of Orient Cables, Snapdeal, Runwal & German Steel Indicate
Runwal Enterprises IPO
Runwal Enterprises raised ₹149 crore from anchor investors ahead of an IPO valued at about ₹499.83 crore. SBI Securities assigned a Neutral rating, citing negative operating cash flows over the past three years and concentration risk.
Friday, 25 September
Thursday, 24 September
- Runwal Enterprises raises ₹149 crore from anchors ahead of ₹499.83-crore IPO