Eros International Media IPO subscribed

Eros International Media Limited which had opened its IPO on Friday 17th September and closed yesterday the 21st of September was subscribed and had excellent support from all investors. The issue was in a price band of Rs 158 to Rs 175 and was for an issue size of Rs 350 crs. The issue was oversubscribed 26.51 times. The issue had an anchor investor portion where 36 lakh shares were allotted at a price of Rs 165. Looking at the way the book has been built it appears that the issue would now be priced at the top end of the price band of Rs 175.

Retail investors applying for the maximum of 1 lac rupee would get firm allotment.

Details of the subscription by various categories of investors are as follows: –

Category Shares Offered Shares Subscribed Times
QIB 9691140 249890840 47.45
NII 2215189 162594160 73.40
Retail 6645570 79388440 11.95
Overall 18551898 491873440 26.51
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