Sadbhav Infrastructure IPO subscribed by 2.24 times
The Sadbhav Infrastructure IPO was subscribed by 2.24 times. The price band IPO was Rs 100-103 per share. The firm will raise Rs 425 crore.
By ET Bureau |
MUMBAI: The Sadbhav Infrastructure IPO was subscribed by 2.24 times. The price band IPO was Rs 100-103 per share. The firm will raise Rs 425 crore.
It has alloted 2,03,87,914 shares at a price of Rs103 apiece aggregating to Rs 210 crore to anchor investors — HDFC MF, Tata MF, Nomura, Morgan Stanley, Amansa, Tata AIA Life and SBI MF. The company specialises in the development, operation and maintenance of roads projects.
It has alloted 2,03,87,914 shares at a price of Rs103 apiece aggregating to Rs 210 crore to anchor investors — HDFC MF, Tata MF, Nomura, Morgan Stanley, Amansa, Tata AIA Life and SBI MF. The company specialises in the development, operation and maintenance of roads projects.
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