SCI FPO subscribed almost 5 times: Retail subscribers lap up issue

SCI which had launched its FPO which closed on Friday the 3rd of December was subscribed and received excellent support from retail investors. The issue was subscribed an overall 4.92 times and a staggering 6.56 times by retail investors.

The issue comprised an offer for sale and a fresh offer and the total size was 8.46 cr shares. The price band was Rs 135-140 and offered a 5% discount to retail investors and to eligible employees.

The detailed subscription details of each category are given below.

Category Shares Offered Shares Subscribed Times
QIB 42133638 176702850 4.19
NII 12640091 46326000 3.67
Retail 29493547 193367050 6.56
Employee 423454 63350 0.15
Overall 84690730 416459250 4.92
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