BhartiInfratel Limited (BIL) which had tapped the capital markets with a fresh issue of 14.62 cr shares and an offer for sale of 4.26 cr shares in a price band of Rs 210-240 was able to get adequate subscription for the entire issue when bidding by QIB’s closed on Thursday 13th December. The issue had opened on Tuesday the 11th December and would close for bidding for HNI’s and retail investors on Friday the 14th of December. Retail investors would be entitled to a discount of Rs 10 per share.

The issue would garner between Rs 3,967 crs at the lower end of the price band to Rs 4,534 crs at the top end of the price band. After the resounding success of the earlier two IPO’s namely CARE and PC Jeweller and also the OFS of NMDC, it would make sense for retail investors to skip this issue.

It seems most unlikely that the HNI and retail categories would get subscription equalling their bucket size.

The details of the subscription level in various categories are given below: –