Orient Green Power Limited which had come out with its IPO to raise Rs 900 crs in a price band of Rs 47-55 was subscribed. The issue had opened on Tuesday the 21st of September and closed for QIB’s yesterday the 23rd of September and on Friday the 24th of September for HNI’s and retail. The overall subscription was just about 1.07 times. The company had completed an anchor investment of 2,45,45,375 shares at the lower end of the price band of Rs 47.
The details of the subscription are as follows: –
Category | Shares Offered | Shares Subscribed | Times |
QIB | 71199306 | 148501375 | 2.09 |
NII | 28723404 | 18395975 | 0.64 |
Retail | 67021276 | 11997500 | 0.18 |
Overall | 166943986 | 178894250 | 1.07 |
The issue price would now be fixed at the lower end of the price band of Rs 47.