Tecpro Systems Limited which had tapped the capital markets with its IPO to raise between Rs 256 crs and Rs 268 crs was well received and oversubscribed. The issue opened on Thursday the 23rd of September and closed on Monday the 27th of September and on Tuesday the 28th of September for HNI’s and retail investors. The price band was Rs 340 to 355. Earlier the company had allotted 13.23 lakh shares to anchor investors at the top end of the price band of Rs 355. The overall oversubscription was 24.47 times.

The company is in the business of material handling and an EPC contractor.

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