The initial public offer (IPO) of PTC India Financial Services got fully subscribed at 1400 hours on the final day of the issue today.
The company’s initial public offer IPO, which got subscribed 1.18 times, received bids for 15.75 crore shares against a total of 13.32 crore shares on offer, as per data available on the National Stock Exchange till 1400 hrs today.
Till yesterday, the issue had received a lukewarm response, with just eight per cent subscription on the second day of the issue.
PTC India Financial Services (PFS) has fixed a price band of Rs 26-28 for the IPO, which would garner up to Rs 439 crore.
PFS, which is part of PTC India, would allot 2.35 crore shares to anchor investors at a price of Rs 28 apiece. This would raise about Rs 66 crore.