Retail investors relish busiest day for IPOs since 2007, lap up 4 issues

Market experts say buoyed by returns from recent IPOs, retail investors are now subscribing to all offers being launched. The last four firms to list have seen gains of 65-113% on the first day

Retail investors—those investing up to Rs 200,000—lapped up all the four initial public offerings (IPOs) that opened for subscription on Wednesday. This is the first time since 2007 that four IPOs have been launched on a single day, according to information provided by Prime Database.

KFC and Pizza Hut franchisee Devyani International (size Rs 1,838 crore); Diagnostic chains Krsnaa Diagnostics (Rs 1,213 crore), pharmaceutical firm Windlas Biotech (Rs 401 crore) and vitrified tiles manufacturer Exxaro Tiles (Rs 161 crore) are the four companies whose IPOs opened on Wednesday.

Devyani International’s IPO was subscribed over 11 times in the retail category