Tarapur Transformers Limited which had tapped the capital markets with its IPO for 85 lakh shares in a price band of Rs 65-75 was oversubscribed. The issue size was 85 lakh shares and the issue had opened on Monday 26th april and closed on Wednesday 28th April. The issue was subscribed 1.74 times.
Details of the subscription were as follows: –
Category | Shares offered | Shares Bid | Subscription Ratio |
QIB | 4250000 | 133290 | 0.0314 |
NII | 1275000 | 6470910 | 5.0752 |
Retail | 2975000 | 8146620 | 2.7384 |
TOTAL | 8500000 | 14750820 | 1.74 |