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The most sought-after initial public offerings (IPOs) of 2017-18 have reaped handsome gains for investors.
The top 10 offerings in terms of subscription have gained an average 66 per cent on listing day. Shares of these 10 companies are currently trading around 60 per cent higher than their issue price even as the benchmark indices have come off nearly 10 per cent from their record highs touched late January.
According to PRIME Database, Salasar Techno Engineering and Astron Paper & Board were the most-subscribed offers of FY18. Their issues subscribed over 200 times.
The strong demand spilled
The top 10 offerings in terms of subscription have gained an average 66 per cent on listing day. Shares of these 10 companies are currently trading around 60 per cent higher than their issue price even as the benchmark indices have come off nearly 10 per cent from their record highs touched late January.
According to PRIME Database, Salasar Techno Engineering and Astron Paper & Board were the most-subscribed offers of FY18. Their issues subscribed over 200 times.
The strong demand spilled
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