The total issue size of the IPO stands at 2,48,27,046 shares. As per the data available with the National Stock Exchange as of 1630 hours, the total bids received stood at 4,82,39,700 shares and the total bids received at cut-off price stood 3,09,71,600 shares. The subscription data shows that the IPO has got subscribed by 194%.
The IPO is going to follow book building issue, wherein price band is fixed at Rs 145 per share to Rs 149 per share. The minimum order quantity is one market lot which consists of 100 shares. The issue size stands at 35,167,208 equity shares with face value of Rs 10 per share aggregating up to Rs 523.99 crore and offer for sale of 35,167,208 equity shares with face value of Rs 10 per share.
The important objectives of the offer include to achieve the benefits of listing the equity share on the NSE and to enhance its visibility and brand image and provide liquidity to its existing shareholders.
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