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Retail investors continued to pump in bids for the initial public offering of stock exchange BSE oversubscribing their portion by 173 per cent. However, institutions subscribed to only 21.1 per cent of their quota and HNIs only 56.8 per cent.
On Saturday, anchor investors had been earmarked (finalisation of allocation) 46.28 lakh equity shares by the BSE at a price of ₹806 a share totalling ₹373 crore, a statement said.
The IPO, which opened on Monday, closes for subscription on Wednesday, January 25, 2017.
The IPO is an offer-for-sale of up to 1.54 crore equity shares of face value ₹2 each in a price band of ₹805-806 an equity share, constituting up to 28.26 per cent of the fully diluted post-offer issued share capital of BSE. Bids can be made for a minimum of 18 equity shares and in multiples of 18 thereafter.
The global co-ordinators and book running lead managers are Edelweiss, Axis Capital, Jefferies India, and Nomura.
The book running lead managers are Motilal Oswal Investment Advisors, SBI Capital Markets and SMC Capitals while the co-book runner is Spark Capital Advisors (India).
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