Accord Transformer, Mobilise App Lab IPOs Soar, Kiaasa Retail Sees Muted Response
MMoneycontrol•25-02-2026, 21:50
Accord Transformer, Mobilise App Lab IPOs Soar, Kiaasa Retail Sees Muted Response
- •Accord Transformer and Mobilise App Lab IPOs attracted robust demand, while Kiaasa Retail saw a muted response on the final day of bidding.
- •Accord Transformer's IPO was subscribed an astounding 332.11 times, driven by strong interest from non-institutional and retail investors.
- •Mobilise App Lab's IPO was subscribed 93.11 times, with plans to use proceeds for product development and business expansion.
- •Kiaasa Retail's IPO received 1.99 times subscription, with QIBs leading the demand; funds will be used to open 61 new stores.
- •All three IPOs opened on February 23, with share allotment by February 26 and trading on bourses by March 2.
