Gyscoal alloys Limited which had tapped the capital markets with its IPO for 77 lakh shares in a price band of Rs 65-71 was subscribed. The issue had opened on Wednesday the 13th of October and closed on Friday the 15th of October. The issue would raise Rs 50.05 crs at the lower band and Rs 54.67 crs at the upper price band. The issue received excellent support from HNI’s whose portion was subscribed 33.44 times and Retail, which was subscribed 8 times, making an overall subscription of 8.59 times.

Details of the subscription are as follows: –