Suryachakra Power IPO subscribed 2.18 times
The initial public offering of Suryachakra Power Corporation Ltd was subscribed 2.18 times.
By INDIATIMES NEWS NETWORK |
MUMBAI: The initial public offering of Suryachakra Power Corporation Ltd was subscribed 2.18 times. The issue closed on Friday.
The issue received 7.42 crore bids against the issue size of 3.4 crore shares. Qualified institutional buyers subscribed the issue 1.87 times by bidding for 3.15 crore shares against 1.68 crore bids reserved for them.
Non-institutional investors bid for 67.26 lakh shares subscribing the portion 1.33 times. The retail quota got subscribed 3.02 times. It received bids for 3.55 crore shares of 1.17 crore shares reserved for them.
The issue received 7.42 crore bids against the issue size of 3.4 crore shares. Qualified institutional buyers subscribed the issue 1.87 times by bidding for 3.15 crore shares against 1.68 crore bids reserved for them.
Non-institutional investors bid for 67.26 lakh shares subscribing the portion 1.33 times. The retail quota got subscribed 3.02 times. It received bids for 3.55 crore shares of 1.17 crore shares reserved for them.
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