The India Pesticides Restricted IPO share was fastened at Rs 290 to Rs 296 and each lot of the IPO has 50 shares
The India Pesticides Restricted IPO, until 3.30 pm, was subscribed 29.04 occasions on its last day on Friday, 25 June.
The portion reserved for the retail traders was subscribed 11.30 occasions. Certified Institutional consumers subscribed their portion 42.95 occasions whereas the portion for non-qualified traders has been subscribed 51.88 occasions, in accordance with MoneyControl.
Towards the IPO measurement of 1.93 crore shares, bids for 56.07 crore fairness shares had been obtained. Whereas the IPO was subscribed 1.29 occasions on Day 1, it was subscribed 3.79 occasions on the second day. The ebook construct problem kind IPO has a face worth of Re 1 per fairness share.
On Wednesday, 30 June, the IPO allotment shall be finalised. The itemizing of the IPO shall be at BSE and NSE on 5 July.
The India Pesticides Restricted IPO opened on Wednesday, 23 June, and closed right now on 25 June. The dimensions of the IPO is Rs 800 crore. Whereas the provide on the market (OFS) will elevate Rs 700 crore, Rs 100 crore will come from contemporary points. After the problem, the stake of promoters shall be decreased to 72 p.c from 82.68 p.c.
The India Pesticides Restricted IPO share was fastened at Rs 290 to Rs 296 and each lot of the IPO has 50 shares.
Buyers can bid on a most of 13 heaps, due to this fact, the utmost funding restrict (for 13X50 shares of Rs 296 every) for merchants is Rs 1,92,400. The minimal funding restrict (for 50 shares at Rs 296 every) for India Pesticides Restricted IPO is Rs 14,800.
The funds raised via this problem are going for use for basic company functions and to satisfy the working capital necessities.