4 IPOs, 4 big updates: Tremendous boom in the primary market, at some places records were broken on the first day and at some places subscription was more than 105 times.

These days, tremendous enthusiasm and liquidity of investors is being seen in the primary market of the Indian stock market. From mainboard to SME segment, retail and institutional investors are investing their money openly in the IPOs coming one after the other. The issue of some company broke the old records of oversubscription on the very first day of bidding, while at some places by the end of the bidding, record breaking bids of 100 to 150 times were received. If you are also looking for listing gain or long term investment opportunity through primary market, then it is important to look at the latest data and updates of these 4 major IPOs.

1. Orient Technologies IPO: Crowd of investors broke on the first day

The ₹214.76 crore IPO of IT infrastructure and cloud solutions provider Orient Technologies Limited got off to a strong start as the bidding opened. The company has fixed the price band of the issue at ₹195 to ₹206 per share. Heavy demand was seen in the retail investors and non-institutional investors (NII) quota in the initial hours of bidding and the total issue was subscribed more than 6 times on the very first day. The company’s shares are trading at a premium in the gray market, due to which investors are expecting strong listing gains.

2. Interarch Building Products IPO: Got strong support from investors

The ₹600 crore public issue of pre-engineered steel construction sector giant Interarch Building Products also received a lot of love from investors. This IPO, which opened from 19 to 21 August, received heavy bids from investors on all three days. Especially Qualified Institutional Buyers (QIB) and HNI investors made aggressive purchases on the last day. Due to the company’s strong order book and increasing demand in the infrastructure sector, the issue closed several times over.

3. Saraswati Saree Depot IPO: Buzz remains even after listing

The IPO of Saraswati Saree Depot, a leading women’s apparel and saree wholesale business company, received a huge subscription of more than 105 times during the bidding. This share gave excellent returns to the investors with its listing in the market. Despite a strong debut on the stock exchanges, there remains a positive sentiment about this counter among retail and wealth investors, due to which its volumes are being seen strong in the secondary market as well.

4. SME IPOs: Bids more than 100 times in search of bumper listing gains

Along with the mainboard, the interest of investors is also at its peak in small issues coming on the SME platform. Investors have placed heavy bids in public offers like Brace Port Logistics and Forcas Studio. Many SME IPOs are being oversubscribed by 100 to 200 times. However, market analysts say that instead of investing blindly in the SME segment with the lure of huge listing premium, one must scrutinize the company’s fundamental financials and valuation.

Keep these things in mind before investing money in primary market

Despite the IPO craze in the stock market, one should avoid placing bets only by looking at the Gray Market Premium (GMP). Before bidding in any issue, check the Red Herring Prospectus (RHP), financial position of the last 3 years, promoter background and the level of debt of the company. From a long-term perspective, invest capital only in those companies whose business model is sustainable and growth-oriented.