SEBI Board Meeting Live Updates: Sebi chief has some positive news on NSE IPO; Minimum Public Offer norms revised, FPI access eased; REITs get equity status

The three IPOs of Urban Company, Shringar House and Dev Accelerator received overwhelming demand from investors as investors committed a cumulative amount of Rs 1.22 lakh crore. Urban Company pocketed the highest bids for nearly 1000 crore shares as against 10 crore shares on offer.

The issue, which was priced at Rs 103, received bids worth Rs 1.13 lakh crore as against Rs 1900 crore on offer. Dev Accelerator, which garnered a subscription of nearly 64 times, got bids for Rs 5,124 crore. The company planned to raise about 143 crore. Meanwhile, Shringar House of Mangalsutra too was subscribed over 60 times, receiving bids for 16,927 crore. Read more