FDSL is the 33rd listing overall (12th company with an IPO) on NSE’s SME platform. Significantly, the issue was open from December 30, 2015 to January 07, 2016 and got subscribed 1.96 times in spite of highly volatile market conditions during the period.
“We are witnessing a significant increase in number of listings now. The increase in number of IPOs, as witnessed in FY16, is likely to continue over the next few years. NSE is committed towards creating a conducive environment to support the unique listing requirements of these companies”, said Ravi Varanasi, Chief Business Development, NSE.
Amalendu Mukherjee, FDSL promoter, on his parts, said, “We got a fantastic response to our IPO. This gives us one more reason to sustain company’s performance.”
| Issue Size (Value) | Rs. 8.70 crore |
| Offer Open Date | 30-Dec-2015 |
| Offer Close Date | 7-Jan-2016 |
| Price | Rs. 30 |
| Opening price | Rs 31.80 |
| No. Of Times Oversubscribed | 1.96 times |
| Lead Manager | Sarthi Capital Advisors Limited |
Image Courtesy: The Hindu Business Line