Ahead of the IPO, Sanathan Textiles on Wednesday, 18 December 2024, raised Rs 164.99 crore from anchor investors. The board allotted 51.40 lakh shares at Rs 321 each to 20 anchor investors.
The IPO will be an entirely fresh issue of Rs 150 crore worth of shares by the company with no offer-for-sale component.
Though still below boom levels seen a few years ago, 2024 compares favourably to 2023, and signs suggest that growth will continue into 2025.
Ahead of the IPO, Mamata Machinery on Wednesday, 18 December 2024, raised Rs 53.55 crore from anchor investors. The board allotted 22.04 lakh shares at Rs 243 each to 7 anchor investors.
Five IPOs, including Mamata Machinery and Transrail Lighting, close today after strong investor interest across categories.
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I’ve seen a number of REITs that have also evolved into stronger business models. Check out the three of my favorites.