IPO tracker: RR Kabel issue booked 3.26x on last day; SAMHI, Zaggle continue to struggle on Day 2

economictimes.indiatimes.com:

RR Kabel
The issue of RR Kabel has gained momentum on the final day of the bidding process with the overall subscription at 3.26 times. All the categories are fully subscribed, led by institutional investors (5.45x).

The retail part was the least subscribed at 1.43x.

According to market sources, RR Kabel is commanding a grey market premium of over Rs 118 in the unlisted market.

The IPO, worth Rs 1,964 crore, comprises a fresh issue size of Rs 180 crore and an offer for sale (OFS) segment of up to 1.72 crore equity shares.
The company has fixed a price band of Rs 938-1,035 per share, where investors can bid for 14 shares in one lot. About 50% of the offer is set aside for qualified institutional buyers, 15% is reserved for non-institutional investors, and 35% for retail investors.

SAMHI Hotels, Zaggle Prepaid
Meanwhile, the IPOs of SAMHI hotels and Zaggle Prepaid, which opened for subscription yesterday, continue to struggle even on the second day of the bidding process.

SAMHI Hotels issue was subscribed just 10%, and on the other hand, Zaggle's offer was booked 32% so far.