Cantabil Retail IPO: Issue subscribed

Cantabil Retail India Limited which had tapped the capital markets to raise Rs 105 crs in a price band of Rs 127-135 was subscribed. The issue had opened on Wednesday the 22nd September and closed on Monday the 27th of September. The issue managed to get subscribed 2.35 times.

Details of the subscription are as follows: –

Category Shares Offered Shares Subscribed Times
QIB 4133858 7071500 1.71
NII 1240157 4747700 3.83
Retail 2893701 7605400 2.63
Overall 8267716 19424600 2.35

This issue had three syndicate members and there was a lot speculative talk about this issue. I would be interesting to see how this share fares on listing.

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