Midfield Industries Limited which had tapped the capital markets for an issue of 45 lakh shares in a price band of Rs 126-133 received an over whelming response. The issue was subscribed almost 13 times with HNI’s and retail lapping up the issue.
The details of the subscription are as follows: –
| Category | Shares offered | Shares Bid | Subscription Ratio |
| QIB | 2250000 | 4190050 | 1.86 |
| NII | 675000 | 32675100 | 48.41 |
| Retail | 1575000 | 21283100 | 13.51 |
| TOTAL | 4500000 | 58148250 | 12.92 |
