Astron Paper makes stellar debut on NSE; Stock rise

Astron Paper & Board Mill Limited made a strong debut and was locked in upper circuit at Rs.120.75, up 141 percent against its issue price of Rs 50 per share on the NSE, while on the BSE, it froze at Rs. 120.  The company listed at Rs. 115 on the NSE and at Rs. 114 on the BSE. A combined 6.11 million shares changed hands and there were pending buy-orders for 3,15,927 shares on the NSE and BSE.

Last week, the company’s IPO to raise up to Rs 70.00 cr, got subscribed by over 243 times as at the end of last day of bidding, backed by stellar demand across categories. The issue received bids figuring to 340.6 cr, shares as against the size of 1.4 cr, shares implying subscription of 243.29 times.

The retail investors bid for a total of 36.27 cr, shares. Non Institutional category witnessed the highest demand, as investors bid for a total of 290.3 cr, shares as against 73.15 lakh shares reserved for them implying a subscription of nearly 400 times.

Shalby Hospital aims to raise Rs 505 cr through IPO: It opens on 5 Dec

Shalby Multi Specialty Hospital is aiming to raise Rs 505 cr from its IPO, which opens on 5 December. It has set a price band of Rs. 245 to 248 per share for the offer, which values it at Rs. 2,172 to 2,198 cr. The IPO would close on 7 December.

Bids can be made for a least amount of 60 equity shares and multiples of 60 thereof. The IPO consists of a fresh issue of shares for upto Rs. 480.00 cr and an offer for sale of Rs 24.8 cr.

Promoter Vikram Shah Burman plans to sell one million shares, which at the upper end of the price band will fetch Rs. 24.8 cr. Edelweiss Fin Services, IDFC Bank & IIFL Holdings are managing the Shalby IPO.

This year, the fund-raising through Initial Public Offering has clocked the all-time high seen in 2010, where 64 cos raised Rs. 37,534.65 cr. Until October 2017, the Indian primary market has registered 30 IPOs with companies raising Rs. 47,099 cr, as per data from Prime Database market tracker.