Karda Construction and Sandhar Technologies will debut on the exchanges on 2nd April 2018, Monday after closing the public issues the last week. Karda Construction has fixed the final issue price at INR 180 / equity share and Sandhar Technologies at INR 332 / equity share.

The initial public offer (IPO) of Sandhar Technologies – an auto component maker subscribed approx. 6.19 times during 19-21 March 2018. The QIBs (Qualified Institutional Buyers) category was subscribed 14.5 times while non-institutional investors 6.39 times & retail investors 1.42 times.

The offer consists of fresh issues of share for sale up to 64 lakh shares (46,30,842 anchor portion included) worth INR 300 Crore. The price band was INR 327-332 for this offer. Axis Capital and ICICI Securities are the running lead managers on this issue.

While Karda Construction was subscribed 2.54 times during 16-21 March worth INR 77.40 Crore. And the reserved portion of QIBs was subscribed 1.55 times & non-institutional investors subscribed 3.44 times & retail investors 2.01 times as well.

Investors, be ready for the new journey with these stocks.