Mandhana Industries IPO Subscribed

Mandhana Industries Limited who had tapped the capital markets with an IPO which opened on Tuesday the 27th of April and closed on Thursday the 29th of April was subscribed 6.32 times. The issue price band was Rs 120-130 and the company had allotted shares to anchor investors as well.
Details of the subscription were as follows: –

Category Shares offered  Shares Bid   Subscription Ratio
QIB  2996150 23893300 7.9747
NII 1245000 13095750 10.5187
Retail 2905000 8154000 2.8069
TOTAL 7146150 45143050 6.32
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