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Our Bureau

Mumbai , April 5

3i Infotech Ltd has decided to fix the issue price of its initial public offering at Rs 100 per share.

The IPO of the company, which closed on April 4, was subscribed by more than six times. It received more than 1.72 lakh applications accounting for a total demand of over 12.1 crore shares, said a company news release.

The institutional portion was subscribed 5.16 times, with a total demand for over 5.05 crore shares. The non-institutional portion was subscribed 5.28 times, with a total demand for over 1.55 crore shares.

3i Infotech Ltd, in consultation with the book running lead managers and co-book running lead manager, has decided to fix the issue price at Rs 100.

Over 99 per cent of the demand was at the top end of the price band of Rs 90-100.

The employee reservation portion received a total of 220 applications, accounting for a total demand of 1.67 lakh shares.

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