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Funding and debt● Neutral for Indian equities
Runwal Enterprises, German Green Steel and Power raise ₹149 crore, ₹91 crore from anchor investors
The brief
- Runwal Enterprises raised ₹149 crore from anchor investors
- German Green Steel raised ₹91 crore; German Green Steel and Orient Cables were fully subscribed on Day 1
- Orient Cables leads four IPOs with a reported 33% grey-market premium
- Runwal Ent IPO: Concentration risk, poor cash flows keep experts 'neutral'
- Runwal Enterprises raises ₹149 crore from anchors ahead of ₹499.83-crore IPO