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Raajmarg Infra Investment Trust's Rs 6,000-crore IPO saw 16% subscription on day one, with institutional investors showing stronger interest. The InvIT, backed by NHAI, aims to unlock highway asset potential and offers a long-term investment in five toll roads. This public offering is a significant step towards broader participation in India's highway development.
Read MoreFlipkart IPO: Flipkart is moving towards a public listing. Banks will be invited to pitch for work on its potential initial public offering as early as next month. The e-commerce giant, backed by Walmart, is gauging investor appetite for a listing in Mumbai. An IPO could occur later this year or in early 2027. Proceeds will fund business expansion.
Read MoreThe Innovision IPO entered its second day of bidding with weak grey market signals and just 2% subscription on Day 1. While QIB participation reached 96%, retail demand remained muted. Brokerages advise caution due to high valuation and thin margins despite strong revenue growth and high return on net worth.
Read MoreThe Rs 255 crore Rajputana Stainless IPO entered its final bidding day with modest grey market interest. The issue was subscribed 42% by the second day, led mainly by institutional investors. With a small grey-market premium and mixed investor demand, the IPO is drawing cautious attention ahead of its expected listing.
Read MoreRaajmarg Infra Investment Trust launched its IPO on Wednesday, aiming to raise Rs 6,000 crore by offering 60 crore units at Rs 99-100 each. The funds will be used to acquire and maintain five operational toll road stretches across India, part of the Golden Quadrilateral network.
Read MoreIndian IPOs are facing tough times this year. Most new listings are not performing well, with many trading below their issue price. This is due to a shaky stock market and global worries. Investors are cautious, preferring to wait for stability. Companies are delaying their IPO plans. The situation could improve when market conditions stabilize and global events become clearer.
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