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There seems to be a revival in investors’ appetite for new stocks, as the primary market started gaining momentum today. The IPO of Leela Hotels parent Schloss Bangalore, which initially

received a muted response from investors in the first two days of bidding, was fully subscribed on the final day. A similar trend was observed in the case of Aegis Vopak Terminals, as the

public issue of the chemicals and oil storage and logistics solutions provider sailed through on the last day of bidding. In sharp contrast to big-ticket IPOs of Leela Hotels and Aegis

Vopak, the public issue of Scoda Tubes was fully booked within hours.

Here are the complete subscription details of all three IPOs:

After getting a lackluster response from investors on the first two days of bidding, the public issue of Leela Palaces Hotels & Resorts operator Schloss Bangalore got fully subscribed on Day

3, because of aggressive bidding by qualified institutional buyers (QIBs). The IPO was subscribed by just 0.07 times on Day 1, followed by 0.17 times on Day 2.

The price band of the Schloss Bangalore IPO has been fixed at ₹413-435 per share for the ₹3,500 crore public offer, valuing the company at around ₹10,155 crore. The issue is a combination of

fresh issue of 5.75 crore shares amounting to ₹2,500 crore and offer for sale of 2.30 crore shares worth ₹1,000 crore by selling shareholders.

Last week, ahead of the opening of the IPO, the Brookfield-backed luxury hotels chain operator had raised ₹1,575 crore from anchor investors, including domestic and global investors, at

upper end of the price band at ₹435 per share.

The ₹2,800-crore IPO of Aegis Vopak Terminals, a joint venture between Aegis Logistics of India and Royal Vopak of the Netherlands, was also fully subscribed on the final day of bidding. The

public issue, being offered at a price band of ₹223-235, was subscribed 1.2 times at the time of reporting, garnering bids for over 8.30 crore shares, as against the IPO size of 6.90 crore

shares.

Latest data available on the BSE showed that the QIB quota was booked 1.86 times, while that of NIIs and retailers were subscribed 0.29 times and 0.6 times, respectively.

The IPO of Aegis Vopak is a fresh issue of 11.91 crore shares at a market value of ₹26,000 crore at the upper end of the price band. A subsidiary of Aegis Logistics, the company last week

raised ₹1,260 crore from anchor investors by allotting 5,36,17,021 equity shares to 32 funds at the upper price band of ₹235 per equity share.

The ₹220-crore IPO of Scoda Tubes was fully subscribed within the first half of the day. At the time of reporting, the issue was booked 1.35 times as it received bids for more than 1.57

crore shares, as against the IPO size of 1.18 crore shares.

In sharp contrast to the IPOs of Schloss Bangalore and Aegis Vopak Terminals, the issue received a strong response from all three categories of investors. Latest data showed that the QIB

quota was booked 1.37 times, while that of NIIs and retailers were subscribed 1.33 times and 1.35 times, respectively.

The IPO of the Ahmedabad-based company is a fresh issue of 1.57 crore shares at a price band of ₹130-140 per share. The issue will close on May 30, while shares are expected to be listed on

the BSE and the NSE on June 4.

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