close

News WrapGet Handpicked Stories from our editors directly to your mailbox

Capacit'e Infraprojects IPO oversubscribed 1.30 times on Day 1

Updated: Wed, Sep 13, 2017
06:59 pm
PTI
RELATED NEWS
RBI Monetary Policy Update: Rate of money creation to pick up pace! All you need to know RBI Monetary Policy Update: Rate of money creation to pick up pace! All you need to know
RBI Governor Shaktikanta Das hints at softer approach on rates RBI Governor Shaktikanta Das hints at softer approach on rates
Tax surcharge on rich: FM Sitharaman, PMO to meet FinMin officials on Saturday Tax surcharge on rich: FM Sitharaman, PMO to meet FinMin officials on Saturday
Auto industry's pain oozes to other businesses, causes hardships to economy and job holders Auto industry's pain oozes to other businesses, causes hardships to economy and job holders

The initial share-sale offering of construction firm Capacit'e Infraprojects was over- subscribed 1.30 times on the first day of the three-day bidding today.

Capacit'e Infraprojects' Rs 400 crore initial public offer (IPO) received bids for 1,48,15,320 shares against the total issue size of 1,14,28,572 shares, as per data available with the NSE.

The portion set aside for qualified institutional buyers (QIBs) was oversubscribed 1.74 times, non institutional investors 11 per cent and retail individual investors 1.55 times.

Capacit'e Infraprojects yesterday raised Rs 120 crore from anchor investors.

The company's IPO will close on September 15. The price band has been fixed at Rs 245-250 apiece.

Proceeds of the issue will be utilised for funding working capital requirements, purchasing of capital assets and general corporate purposes.

Axis Capital, IIFL Holdings and Vivro Financial Services are the book running lead managers to the issue.

The equity shares are proposed to be listed on the BSE and National Stock Exchange.

 

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)