The IPO witnessed an oversubscription rate of 68 times and E-Factor received applications worth more than 1750 crores

E-Factor Experiences Limited unveiled the success of its maiden Initial Public Offering (IPO), which closed today.

The IPO witnessed an oversubscription rate of 68 times. E-Factor Experiences received applications worth more than 1750 crores.

Samit Garg, co-founder and Managing Director at E-Factor Experiences Limited, expressed his gratitude and excitement about the successful closure of the IPO. “We are thrilled and humbled by the overwhelming response to our IPO. This success is a testament to the hard work and dedication of our team, as well as the trust that investors have placed in our company. We are committed to delivering on our promises and creating sustainable value for our shareholders.”

E-Factor garnered applications exceeding 300 crores from Foreign Institutional Investors (FIIs), Banks, and Large Corpus Funds.

The HNI (High Net Worth Individuals) and Corporate category experienced an oversubscription rate of more than 150 times.