Intrasoft Technologies IPO subscribed 19 times

MUMBAI: The initial public offering of Intrasoft Technologies was subscribed 19 times on the final day of the issue on March 26.

According to the NSE website, the issue size of 37 lakh received 7.01 crore bids with qualified institutional buyers portion getting subscribed 21.97 times. Non institutional investors’ portion was subscribed 21.60 times and retail investors' portion was subscribed 13.51 times.

The company has offered shares in the price band of Rs 137-145 per share to fund the company’s requirements for branding & promotion, purchasing a corporate office in Kolkata and investment in technology infrastructure.