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New Delhi, 09 September (HS). On the first day of the trading week, Monday, 7 IPOs were launched in the primary market. Out of the IPOs launched today, Bajaj Housing Finance's IPO was subscribed more than two times on the first day itself. Similarly, the other 6 IPOs are also getting a good response from investors.
Bajaj Housing Finance's IPO was being awaited in the stock market for a long time. This IPO has opened for subscription today and will close on September 11. Through this IPO, the company wants to raise Rs 6,560 crore. The price band of Rs 66 to Rs 70 has been fixed under the IPO, while the lot size for the application is 214 shares. The company's shares will be listed on the Bombay Stock Exchange and National Stock Exchange on September 16. The biggest thing is that after the IPO opened today, it was oversubscribed 2.02 times on the first day itself. By 5 pm, this IPO has been subscribed 1.07 times in the portion of Qualified Institutional Buyers (QIB), 4.35 times in the portion of non-institutional investors and 1.51 times in the portion of retail investors.
Similarly, the Rs 500 crore IPO of auto parts manufacturing company Cross is also open for subscription today. This IPO will close on September 11. Under the IPO, the price band of the share has been fixed at Rs 228 to Rs 240, while the lot size for application is 62 shares. Shares of Cross Company will also be listed on the Bombay Stock Exchange and National Stock Exchange on September 16. In the mainboard segment, the Rs 230 crore IPO of tyre manufacturing company Tollins Tyres is also open for subscription today and it will also close on September 11. Under the IPO, the price band of this share has been fixed at Rs 215 to Rs 226, while its lot size for application is 66 shares. Shares of Tollins Tyres will also be listed on the Bombay Stock Exchange and National Stock Exchange on September 16.
Apart from this, Gajanand International's IPO of Rs 20.65 crore is open for subscription today. Apart from this, Shubh Shri Biofuels Energy's IPO of Rs 16.56 crore will also be open for subscription from today to September 11. Aditya Ultra Steel's IPO of Rs 45.88 crore has also opened today and will close on September 11. The shares of these three companies will be listed on the SME platform of the National Stock Exchange on September 16.
Apart from this, the IPO of Share Samadhan, a company providing investment related services to investors, is also going to be open for subscription from today till 11 September. Under the IPO, the price band of this share has been fixed between Rs 70 to Rs 74, while its lot size for application is 1,600 shares. The company's shares will be listed on the SME platform of Bombay Stock Exchange on 16 September.