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The primary market seems set for a revival, with two major issues receiving strong support in the past week, on the back of smaller issues sailing through earlier. Experts reckon the positive market situation and favourable pricing have helped sentiments improve.
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The Rs 977-crore Engineers India follow-on public issue was subscribed 13 times, and the retail segment, seen to be lower in other issuances, was subscribed 2.7 times. The segment for high net worth individuals was subscribed 5.8 times. The Rs 1,654-crore SKS Microfinance initial public offer (IPO), which closed for qualified institutional buyers (QIB) on Friday, was subscribed 10 times, even before the retail investors pitched in.
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