Abans Holdings, Landmark Cars IPOs get lukewarm response from investors

The two initial public offerings (IPOs) by Abans Holdings and Landmark Cars received lukewarm response from investors. Abans’ IPO garnered 1.1 times subscription, with the retail investor portion getting just 40 per cent covered. 

Meanwhile, Landmark Cars’ IPO garnered 3.1 times subscription. Abans’ IPO consisted of Rs 103 crore fresh fund raise and Landmark Cars’ IPO consisted of Rs 150 crore fresh fund raise.    

Elin Electronics sets price band at Rs 234-Rs 247

Electronics manufacturing services company Elin Electronics on Thursday fixed a price band of Rs 234 to Rs 247 per share for its Rs 475 crore initial public