Investors drawn towards SME IPOs
Shital Jibhe / 08 Apr 2017
As is visible large size IPOs are already popular with investors, and SME IPOs are phenomenally attracting investors in India. A few of the SME IPOs were oversubscribed by as much as 85 times in the recent past, which is indicative of the growing trust that investors are laying on the small companies.
As is visible large size IPOs are already popular with investors, and SME IPOs are phenomenally attracting investors in India. A few of the SME IPOs were oversubscribed by as much as 85 times in the recent past, which is indicative of the growing trust that investors are laying on the small companies.
Dev Information Technology Limited's IPO was oversubscribed by 74.17 times on BSE SME platform, which came as a surprise to the company's MD, Jaimin Shah.
Dev Information Technology Limited bagged orders of over Rs 463 crore vs the IPO size of Rs 6.25 crore. The funds raised via the IPO will be utilised to strengthen its network foray in India as well as overseas.
The BSE SME platform has almost 178 listed companies by far, whose m-cap has crossed a whopping Rs 18,000 crore already. 50 companies were listed in 2015-16; and 77 companies in 2016-17.
Bohra Industries is a SME IPO that saw FII participation as well, highlighting the ever increasing popularity of SME investing in the country.
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