positive
Siddhi Cotspin IPO Oversubscribed 3.5x with Strong QIB Demand
Siddhi Cotspin’s IPO, priced at ₹102–108, has been oversubscribed 3.5x, with qualified institutional buyers leading demand at nearly 14x. The ₹264 crore issue attracted moderate retail and non-institutional participation, while grey market buzz suggests mild listing gains. Focused on cotton yarn manufacturing, the company aims to use proceeds for expansion and working capital. Shares are set to list tomorrow, adding to India’s active SME IPO pipeline this week.
Companies:
- Siddhi Cotspin
Tags:
- IPO
- Siddhi Cotspin
Explore:Mutual Fund Categories
positive
Siddhi Cotspin IPO Oversubscribed 3.5x with Strong QIB Demand
Siddhi Cotspin’s IPO, priced at ₹102–108, has been oversubscribed 3.5x, with qualified institutional buyers leading demand at nearly 14x. The ₹264 crore issue attracted moderate retail and non-institutional participation, while grey market buzz suggests mild listing gains. Focused on cotton yarn manufacturing, the company aims to use proceeds for expansion and working capital. Shares are set to list tomorrow, adding to India’s active SME IPO pipeline this week.
Companies:
- Siddhi Cotspin
Tags:
- IPO
- Siddhi Cotspin
Explore:Mutual Fund Categories
1 min read
68 words
Siddhi Cotspin IPO subscribed 3.5x, QIBs show strong interest.
Siddhi Cotspin’s IPO, priced at ₹102–108, has been oversubscribed 3.5x, with qualified institutional buyers leading demand at nearly 14x. The ₹264 crore issue attracted moderate retail and non-institutional participation, while grey market buzz suggests mild listing gains. Focused on cotton yarn manufacturing, the company aims to use proceeds for expansion and working capital. Shares are set to list tomorrow, adding to India’s active SME IPO pipeline this week.
Siddhi Cotspin’s IPO, priced at ₹102–108, has been oversubscribed 3.5x, with qualified institutional buyers leading demand at nearly 14x. The ₹264 crore issue attracted moderate retail and non-institutional participation, while grey market buzz suggests mild listing gains. Focused on cotton yarn manufacturing, the company aims to use proceeds for expansion and working capital. Shares are set to list tomorrow, adding to India’s active SME IPO pipeline this week.
Companies:
- Siddhi Cotspin
Tags:
- IPO
- Siddhi Cotspin
- IPO
- Siddhi Cotspin
- textiles
- SME IPO
- markets