Garden Reach Shipbuilders to list on bourses today

Garden Reach Shipbuilders & Engineers is slated to get listed on the BSE and the NSE on today.

Earlier, the initial public offer (IPO) of the company was subscribed 1.02 times.

The Rs 345-crore IPO received bids for 2,97,58,920 shares against the total issue size of 2,92,10,760, data available with the NSE showed.


The QIB (qualified institutional buyers) portion was subscribed 1.81 times while those of non-institutional investors received 31 per cent subscriptions and retail investors 24 per cent.

The company extended the issue closure date to October 1 and also revised the price band from Rs 115-118 to Rs 114-118 per share.

The earlier issue closure date was September 26.

IDBI Capital Markets & Securities and YES Securities (India) were the managers of the issue.