The offer for sale from BSE Limited was oversubscribed 51.22 times. The company had through an offer for sale offered 1.54 cr shares in a price band of Rs 805-806. It had earlier allotted 46.28 lac shares to 25 anchor investors comprising of 38 entities at Rs 806.
The issue received excellent response from all quarters. What was really heartening was the response from retail investors where 11.95 lac applications were received resulting in oversubscription in terms of lots at 3.98 times. This effectively means that every fourth applicant in the retail category would be allotted one lot. The number of applications is a new record bettering the response received by L&T Infotech last year. Retail investors seem to be certainly back and enjoying the buoyancy in the market place. The QIB portion was subscribed 48.64 times and HNI 159 times.
The full details of subscription are given below: –
| Bucket Size | Shares Applied for | Times oversubscribed | |
| QIB | 3085440 | 150060675 | 48.64 |
| HNI | 2314080 | 368011152 | 159.03 |
| Retail | 5399519 | 35008362 | 6.48 |
| Total | 10799039 | 553080189 | 51.22 |
It’s a great start to the oldest exchange in Asia and kudos to all involved in making this issue successful.
