The Indian primary market remained busy on Friday, September 25, with investors able to apply for as many as 10 mainboard initial public offerings (IPOs), together seeking to raise nearly ₹6,000 crore.
Of the 10 issues, four concluded their bidding on Friday, while another four opened for subscription the same day. The remaining two IPOs entered their second day of bidding.
The activity reflects the continued momentum in India’s primary market, with companies tapping investor demand to raise capital through public offerings.
Among the issues that closed on Friday, Adroit Industries drew a strong response. Its IPO was subscribed 176.85 times overall, driven largely by non-institutional investors (NIIs) and qualified institutional buyers (QIBs).
Investors tracking the IPO market are also watching the issues that remain open, as subscription levels across investor categories can provide an indication of demand during the bidding period.
With multiple offerings running simultaneously, September 25 marked another busy session for India’s primary market, giving investors several IPOs to track across different stages of the subscription process.
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