The Initial Public Offering (IPO) of Devyani International, Krsnaa Diagnostics Limited, Exxaro Tiles Limited and Windlas Biotech Limited kicked off to a great start on Wednesday. Apparently, Devyani International IPO, Krsnaa Diagnostics Limited IPO, Exxaro Tiles Limited IPO and Windlas Biotech Limited IPO have opened on the same date—August 4, 2021.  All of these IPOs received good response from the investors as these IPOs were oversubscribed on Day 1 itself.  

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Apparently, Devyani International IPO, Krsnaa Diagnostics Limited IPO, Exxaro Tiles Limited IPO and Windlas Biotech Limited IPO have opened on the same date—August 4, 2021.

Devyani International IPO, Krsnaa Diagnostics Limited IPO, Exxaro Tiles Limited IPO and Windlas Biotech Limited IPO Subscription Status Day 1

As per NSE consolidated bid details, Devyani International was subscribed 2.69 times with 30,22,97,985 bids as against reserved 11,25,69,719 shares were received on Day 1. Retail Individual Investors (RIIs) subscribed the issue maximum 11.35 times.  Similarly, Krsnaa Diagnostics Limited IPO saw nearly 2-fold subscription as the offer was subscribed 1.98 times on the first day. As against 71,12,099 shares, application was received for 1,40,63,685 shares. Retail Individual Investors (RIIs) led the bidding with 9.55 times as bids were received for a total of 1,19,49,615 shares as against 12,50,874 on offer.   

Exxaro Tiles Limited and Windlas Biotech Limited were the more successful ones as far as subscription on Day 1 are concerned. While the former was subscribed massive 4.63 times, the later received bids for 3.15 times. Exxaro Tiles Limited and Windlas Biotech Limited too witnessed maximum participation from with both IPOs seeing retail portion being subscribed 9.24 and 6.12 times respectively.  

These IPOs come at a time when the equity market is witnessing a dream run, with the BSE benchmark touching the 54,000-mark for the first time on Wednesday. 

Devyani International IPO, Krsnaa Diagnostics Limited IPO, Exxaro Tiles Limited IPO and Windlas Biotech Limited IPO Business Model

Windlas Biotech, a manufacturer of pharmaceutical formulations, on Tuesday said it has raised over Rs 120 crore from anchor investors, while Exxaro Tiles, a leading manufacturer of vitrified tiles, has raised Rs 23.68 crore from anchor investors on Tuesday. 

Devyani International Limited operates quick service restaurants like Costa Coffee, KFC and Pizza Hut, while Krsnaa Diagnostics Pvt Ltd company gives in radiology and pathology services.