RailTel Corporation IPO subscribed 42.39 occasions on final day
The preliminary public supply of telecom infrastructure supplier RailTel Corporation of India Limited was subscribed 42.39 occasions on the ultimate day of subscription on Thursday.
The Rs 819.24-crore supply acquired bids for two,59,42,43,370 shares in opposition to 6,11,95,923 shares on supply, as per information out there with the NSE.
The certified institutional patrons (QIBs) class was subscribed 65.14 occasions, non institutional buyers 73.25 occasions and retail particular person buyers (RIIs) 16.78 occasions.
The public challenge was of 8,71,53,369 fairness shares and had a value vary of Rs 93-94 per share.
Puneet Chawla, chairman and managing director, RailTel Corporation of India stated, “It is heartening to see the overwhelming response from investors across all categories.”
ICICI Securities, IDBI Capital Markets & Securities Limited and SBI Capital Markets have been the managers to the supply.
