Venus Pipes top off 9% on itemizing; eMudhra IPO Subscribe 2.7x

Venus Pipes & Tubes on Tuesday closed 8.6 per cent larger on its difficulty value because the inventory closed a day excessive of Rs 354 in opposition to the difficulty value of Rs 326. It opened at Rs 337. The IPO of Venus Pipes was subscribed 16.3 instances. The corporate manufactures chrome steel pipes and tubes. Venus Pipes raised recent capital of Rs 165.4 crore by way of IPO.

eMudhra IPO Subscribe 2.7x

Digital certificates supplier eMudra’s IPO received 2.7x subscription. The retail investor portion of the difficulty was subscribed 2.6 instances. The excessive web price particular person and institutional investor share was subscribed 4x and 1.3x respectively. eMudra has priced the IPO between Rs 243-256 per share. On the top-end, the corporate is valued at Rs 2,000 crore. The IPO includes recent fund elevating of Rs 200 crore and secondary share sale of Rs 213 crore.

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