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IPO party going strong, shrugs off bond jitters; MTAR IPO subscribed 200x

Meanwhile, shares of agro chemical company Heranba Industries rose about 50 per cent on debut

IPO
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IPO

Sundar Sethuraman Mumbai
The volatility in the secondary market is yet to spill over to the primary market, with new listings and maiden offerings seeing strong investor appetite. Engineering firm MTAR Technologies’ IPO on Friday was subscribed over 200x, attracting bids worth around Rs 84,000 crore.

Meanwhile, shares of agro chemical company Heranba Industries rose about 50 per cent on debut. Further, online travel booking firm Easy Trip Planners saw an encouraging response from institutional investors in the anchor category ahead of its listing on Monday. This comes despite the indices correcting sharply for a second session amid a sell-off in the US bond

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