B S Transcomm which had opened its issue for 76.79 lakh shares in a price band of Rs 257-266 has been extended for want of adequate response. The issue was open from Wednesday the 6th of October to Friday the 8th of October. The new price band has been reduced to Rs 248-Rs 257 and the issue would now close on Wednesday the 13th of October.

The company would have raised between Rs 197.36 crs at the lower band and Rs 204.27 crs at the upper band. The fresh issue size would be Rs 190.45 crs at the lower band and Rs 197.36 crs at the upper end of the band.

The total subscription garnered at the end of the normal closure of the issue was 0.58 times the issue size, but there was virtually zero interest from institutional investors with a token bid for 9375 shares. The HNI portion was subscribed 2.01 times and the retail 0.78 times.