IPO tracker: Protean eGov Tech's offer booked 8.5x; ASK Automotive's issue subscribed 83% on Day 2
ASK Automotive are currently open for public subscription. Here's a brief look at subscription status and other details.
Protean eGov Technologies
The IPO of Protean eGov Technologies was subscribed 8.5x so far on the third day of the bidding process.
The issue closes today.
The retail and NII categories were booked 6.7x and 19.1x so far, respectively. The QIB category was booked 4.6x.
The company's grey market premium (GMP) is around Rs 94.
The issue is completely an offer for sale of 61.9 lakh shares.
Under the OFS, 360 One Special Opportunities Fund, NSE Investments, HDFC Bank, Axis Bank, Deutsche Bank among others will offload their partial stakes.
The company fixed a price band of Rs 752-792 per share, and at the upper end, it plans to raise Rs 490 crore.
About 50% of the issue size has been reserved for qualified institutional investors, 35% for retail investors, and the remaining 15% for non-institutional investors.
Protean eGOV Technologies is a leading IT-enabled solutions company engaged in conceptualizing, developing and executing nationally critical and population-scale greenfield technology solutions. It has over 25 years of experience in creating digital infrastructure and governance solutions.
ASK Automotive
The public offer of ASK Automotive was subscribed 83% so far on the second day of the bidding process.
The issue closes on November 9.
The retail portion of the issue was subscribed the most at 1.1x, followed by NIIs at 1.13x. The QIB portion was booked at just 3%.
The company's grey market premium is around Rs 36 in the unlisted market
The offer comprises entirely an offer for sale (OFS) of up to 2.95 crore equity shares.
