Of the last 10 IPOs, eight saw limited to little participation from high-net-worth individuals (HNIs). While the HNI portions were undersubscribed for Swiggy, Hyundai India, Niva Bupa Health and Godavari Biorefineries, another four barely managed single-digit subscriptions. This is a stark contrast to an average of 116 times HNI subscriptions in the preceding 10 IPOs.
PG Electroplast shares soar 15% on EV and battery assembly venture
PG Electroplast share price: PG Electroplast’s stock soared 15% after its subsidiary, PG Technoplast, secured an exclusive EV manufacturing partnership with Spiro Mobility in India.