Birla Cotsyn IPO 0.34 times subscribed
The initial public offering of Birla Cotsyn of Rs 144.18 crore was subscribed 0.34 times till 5 pm on Wednesday, as per the NSE website.
By ET Online |
MUMBAI: The initial public offering of Birla Cotsyn of Rs 144.18 crore was subscribed 0.34 times till 5 pm on Wednesday, as per the NSE website. The issue has a price band of Rs 15 to Rs 18 per share of Rs 10 each. It closes on July 4.
The issue received 2,40,89,100 bids, out of which 1,18,15,300 were received at the cut off price.
The qualified institutional buyers��� portion of 3,34,26,667 shares was subscribed 0.01 times, non-institutional investor portion of 1,00,28,000 shares subscribed 0.71 times, and retail portion of 2,33,98,667 shares subscribed 0.33 times. The employees��� portion of 48,33,333 did not receive any subscription.
The IPO proceeds would be utilised to set up an integrated textile unit and a garment manufacturing plant at the facilities located at Khamgaon, Ghatanji and Makkapur in Maharashtra. The investment would also fund the company's foray into retail outlets.
The issue received 2,40,89,100 bids, out of which 1,18,15,300 were received at the cut off price.
The qualified institutional buyers��� portion of 3,34,26,667 shares was subscribed 0.01 times, non-institutional investor portion of 1,00,28,000 shares subscribed 0.71 times, and retail portion of 2,33,98,667 shares subscribed 0.33 times. The employees��� portion of 48,33,333 did not receive any subscription.
The IPO proceeds would be utilised to set up an integrated textile unit and a garment manufacturing plant at the facilities located at Khamgaon, Ghatanji and Makkapur in Maharashtra. The investment would also fund the company's foray into retail outlets.
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