Venus Pipes inventory features 9% on itemizing; eMudhra IPO subscribed 2.7x

Venus Pipes & Tubes ended with a acquire of 8.6 per cent over its subject worth on Tuesday, because the inventory closed at a day’s excessive of Rs 354 towards the problem worth of Rs 326. It had opened at Rs 337. Venus Pipes’ IPO was subscribed 16.3 occasions. The corporate manufactures chrome steel pipes and tubes. By means of the IPO, Venus Pipes raised Rs 165.4 crore in contemporary capital.

eMudhra IPO subscribed 2.7x

Digital certificates supplier eMudhra’s IPO garnered 2.7 occasions subscription. The retail investor portion of the problem was subscribed 2.6 occasions. The excessive networth particular person and institutional investor portion have been subscribed 4 occasions and 1.3 occasions respectively. eMudhra has priced the IPO between Rs 243-256 per share. On the top-end, the corporate is valued at Rs 2,000 crore. The IPO includes Rs 200 crore contemporary fund elevate and Rs 213 crore secondary share sale.

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