Rulka Electricals Ltd, HOAC Foods India Ltd NSE-SME IPOs garner huge oversubscription

The NSE SME IPOs of Rulka Electricals Ltd and HOAC Foods India Ltd have received overwhelming response from investors with both the issues receiving huge oversubscription.
The NSE SME Initial Public Offering of Rulka Electricals Limited has received subscription of 628.37 times with subscription for 50,52,07,800 equity shares as agains the offer of 8,04,000 shares.

The NSE SME IPO of HOAC Foods India Limited has received subscriptio of record-breaking 1,830.32 times with subscription for 2,11,40,22,000 equity shares as against the offer of 11,55,000 shares.

Both the IPOs opened for subscription on May 16, 2024 and closed today.

Source : Equity Bulls

Keywords

NSESME IPO RulkaElectricals HOACFoods HOACFoodsIndia Oversubscription