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Our Bureau

Mumbai, Oct. 4 Supreme Infrastructure India Ltd, an infrastructure development company, has fixed its issue price at Rs 108 per equity share, after the successful completion of the 100 per cent book building process.

The IPO was closed for subscription on September 26. As per the preliminary bidding data on the BSE, the issue was subscribed by 52.53 times. The Qualified Institutional Buyers subscribed 52.1 times, Non-Institutional Investors subscribed around 65.42 times and Retail-Individual Investors subscribed 48.22 times.

The equity shares are to be listed on the BSE and NSE. The issue will comprise 25.05 per cent of the post-issue paid-up capital. The proceeds from this IPO will be used to part-finance its expansion plans and to meet it working capital needs.

The issue is lead managed by Karvy Investor Services Ltd and the registrar to the issue is Bigshare Services.

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