Primary Market Round-Up: IGI IPO Picks Up on Last Day of Bidding, Hamps Bio IPO Sees Bumper Subscription

The upward momentum continued in the initial public offering (IPO) market on Tuesday. Investors saw two bumper listings today, along with oversubscription in all the IPOs that were open for bidding.

The initial public offering (IPO) market continued to witness strong momentum on Tuesday, with two bumper listings and oversubscription in all the IPOs that were open for bidding.

Here is a look at the major happenings in the primary market on December 17:

International Gemological Institute (India) IPO picks up on last day of bidding

The ₹4,225-crore International Gemological Institute IPO (IGI IPO) closed with a strong demand on Tuesday. The mainboard issue was booked 33.78 times on the last day.

The retail portion of the IPO was subscribed 11.21 times, while the Non-Institutional Investors’ (NIIs) portion was overbought 24.84 times. The Qualified Institutional Buyers’ (QIB) segment was booked 45.8 times on the final day of subscription.

The IPO price band was fixed at ₹397 to ₹417 apiece and the lot size was 35 shares for the retail investors.

The share allotment of the IGI IPO should be finalised on December 18. The stock is likely to list on both BSE and the National Stock Exchange of India (NSE) on December 20.

Hamps Bio IPO sees bumper subscription

The BSE SME IPO of Hamps Bio Ltd saw tremendous demand on its final day. The issue was oversubscribed 1,057 times. The retail category saw the highest demand with a subscription of 1,342 times. The NIIs booked their segment over 758 times.

The Hamps Bio IPO was a fixed price issue of ₹6.22 crore. It is made up entirely of a fresh issuance of 12.2 lakh shares. The IPO price was fixed at ₹51 apiece, while the lot size was 2,000 units.

The allotment is expected to be finalized on December 18 and the stock is likely to list on the BSE SME platform on December 20.

NACDAC Infrastructure IPO oversubscribed within hours of launch

The ₹10.01-crore NACDAC Infrastructure IPO opened on a strong note, getting oversubscribed within hours of launch.

At the end of bidding at 5pm on the first day, the issue was subscribed more than 57 times. The QIBs booked their category 2.42 times, while the NIIs subscribed their quota 73.69 times. The retail portion was booked 80.58 times.

The NACDAC Infrastructure IPO is a book-built issue made up entirely of a fresh issuance of 28.60 lakh shares. Price band for the issue has been fixed at ₹33 to ₹35 per share. The lot size for an application by the retail investors is 4,000 shares.

Bidding will close on December 19. Allotment for the IPO is expected to be finalized on December 20 and the stock is likely to list on the BSE SME platform on December 24.

Bumper listing for Jungle Camps India and Toss the Coin

Shares of small and medium enterprises (SMEs) Jungle Camps India Ltd and Toss The Coin made a spectacular trading debut today. Both the stocks listed at a 90% premium on the BSE SME platform.

Jungle Camps India shares opened the session at ₹136.8 apiece on Tuesday compared to the IPO price of ₹72 per share. The issue was oversubscribed by a whopping 495 times during December 10-December 12.

Meanwhile, Toss The Coin shares were listed at ₹345.8 per share compared with the issue price of ₹182. The issue was subscribed almost 953 times during the three-day subscription from December 10 to December 12.