Punjab, Sept. 30 -- AceVector closed subscribed 4.92 times - a long way from the 23% it managed on day one. Simple Energy raised Rs 1,750 crore. And Inox Clean Energy filed for a Rs 10,000 crore IPO.
AceVector, from 23% to 4.92x
Investors bid for 36.61 crore shares against 7.22 crore on offer. Non-institutional investors led at 8.53 times, retail at 4.83 times.
The Rs 420 crore issue had a Rs 287 crore fresh component and an offer for sale of 4.16 crore shares at Rs 30 to Rs 32, with Rs 189 crore already placed with 14 anchor investors.
This is the standard shape of an Indian book and worth remembering the next time a day-one number looks alarming. Money arrives on the last day because bidding early gives away information and gains noth...