Prakash Steelage Limited whose IPO had opened on Thursday the 5th of August and closed today on Tuesday the 10th of August was fully subscribed. The company had fixed a price band of Rs 100-110 and the issue was for 62.5 lakh shares. The issue received good response today from HNI’s and retail was oversubscribed a total of 4.53 times.
The details of the subscription are as follows: –
| Category | Shares Offered | Shares Subscribed | Times |
| QIB | 3075000 | 3902220 | 1.27 |
| NII | 922500 | 10066800 | 10.91 |
| Retail | 2152500 | 14239020 | 6.62 |
| Employee | 100000 | 102360 | 1.02 |
| Overall | 6250000 | 28310400 | 4.53 |
