Sea TV Network Limited which had launched its IPO in a price band of Rs 90 to Rs 100 to raise Rs 50.20 crs was well received and oversubscribed. The issue had opened on Monday the 27th of September and closed on Wednesday the 29th of September. The overall subscription was 9.58 times and was very well received by the HNI’s who subscribed the issue almost 41 times.
Details of the subscription by various categories of investors are as follows: –
Category | Shares Offered | Shares Subscribed | Times |
QIB | 2888888 | 4630535 | 1.66 |
NII | 836667 | 34253830 | 40.94 |
Retail | 1952222 | 14539265 | 7.45 |
Overall | 5577777 | 53423630 | 9.58 |