Aavas Financiers IPO subscribed 49% on last day

The portion reserved for QIBs was subscribed 1.36x, while for non-institutional investors and retail investors it was 13% and 14%, respectively.

Sep 27, 2018 09:09 IST India Infoline News Service

Aavas Financiers Ltd IPO was subscribed only 49% on the last day of bidding on Thursday. The portion reserved for qualified institutional buyers (QIBs) was subscribed 1.36x, while for non-institutional investors and retail investors its was 13% and 14%, respectively.

The price band for the offer was set at Rs818-821 per equity share.

The global co-ordinators and Book Running Lead Managers (GCBRLMs) to the offer were ICICI Securities, Citigroup Global Markets India, Edelweiss Financial Services, and Spark Capital Advisors (India). The Book Running Lead Manager (BRLM) to the offer is HDFC Bank Ltd.

The equity shares are proposed to be listed on the BSE and the NSE.


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