Mandhana Industries Limited who had tapped the capital markets with an IPO which opened on Tuesday the 27th of April and closed on Thursday the 29th of April was subscribed 6.32 times. The issue price band was Rs 120-130 and the company had allotted shares to anchor investors as well.
Details of the subscription were as follows: –
Category | Shares offered | Shares Bid | Subscription Ratio |
QIB | 2996150 | 23893300 | 7.9747 |
NII | 1245000 | 13095750 | 10.5187 |
Retail | 2905000 | 8154000 | 2.8069 |
TOTAL | 7146150 | 45143050 | 6.32 |