Sula Vineyards IPO fully subscribed on last day
According to the data from BSE, the investors made bids for 4,38,36,954 equity shares or 2.33 times compared to the 1,88,30,372 equity shares offered for the subscription by 7:00 pm on Wednesday, December 14.
By Pawan Nahar, ETMarkets.com | Updated:
Agencies
New Delhi: The Rs 960.35 crore initial public offering (IPO) of Sula Vineyards has been fully subscribed on the third and final day of the bidding process. The issue was subscribed 2.33 times on the last.
The company is selling its shares in the range of Rs 340-357 apiece between December 12-14, with a lot size of 42 equity shares. The issue comprises entirely an offer for sale (OFS) of more than 2.69 crore equity shares.
According to the data from BSE, the investors placed bids for 4,38,36,954 equity shares or 2.33 times compared to the 1,88,30,372 equity shares offered for the subscription by 7:00 pm on Wednesday, December 14.
The quota for retail bidders was booked 1.65 times, whereas the allocation for non-institutional investors fetched bids 1.51 times. While, the portion for qualified institutional bidders was subscribed 4.13 times.
The company is selling its shares in the range of Rs 340-357 apiece between December 12-14, with a lot size of 42 equity shares. The issue comprises entirely an offer for sale (OFS) of more than 2.69 crore equity shares.
According to the data from BSE, the investors placed bids for 4,38,36,954 equity shares or 2.33 times compared to the 1,88,30,372 equity shares offered for the subscription by 7:00 pm on Wednesday, December 14.
The quota for retail bidders was booked 1.65 times, whereas the allocation for non-institutional investors fetched bids 1.51 times. While, the portion for qualified institutional bidders was subscribed 4.13 times.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
