The month of October has been very good in terms of IPOs. Many big IPOs came in this month. Besides, good response was also received from those IPO investors. In this, the name of LG Electronics can be taken as an example. The special thing is that mutual funds saw a significant participation in these IPOs. Mutual Fund spent Rs 13,500 crore in 10 IPOs in the month of October. However, these ten IPOs collectively raised more than Rs 45,000 crore during the month. Let us also tell you which mutual funds have invested how much in which IPO?
This issue got good response from mutual funds
Very good interest from Mufunds was seen in the issue of Canara HSBC Life Insurance. According to the data, mutual funds subscribed about 71 per cent of its issue of Rs 2,518 crore and invested about Rs 1,808 crore. Good demand was also seen in Midwest and Canara Robeco Asset Management. Mutual funds took about 55 per cent of each issue. On the other hand, Rubicon Research got almost 50 percent subscription, with investment of Rs 676 crore against the issue size of Rs 1,378 crore. LG Electronics India and WeWork India Management both received around 45 per cent subscription from mutual funds, with investments of Rs 5,237 crore and Rs 1,414 crore, respectively, while their issue sizes were Rs 11,600 crore and Rs 3,000 crore, respectively.
How much investment from mutual fund in which IPO?
Tata Capital got very less investment
In contrast, mutual fund participation in Tata Capital’s Rs 15,511 crore IPO was relatively low, with around 13 per cent or Rs 2,008 crore subscribed. Lenskart Solutions received 15 per cent subscription, with mutual funds investing Rs 1,130 crore against the IPO of Rs 7,278 crore. Rubicon Research could get a total mutual fund investment of Rs 675 crore. Whereas Midwest received Rs 250 crore against its IPO of Rs 451 crore.