Krishna Institute IPO subscribed 3.86 times on Day 3

The Equity Shares offered in this Offer are proposed to be listed on both BSE Limited (BSE) and the National Stock Exchange of India Limited (NSE) post the listing.

Jun 21, 2021 08:06 IST India Infoline News Service

Krishna Institute of Medical Sciences initial public offer (IPO) on the final day has received bids for 5.56 crore shares as against 1.44 crore shares on offer, according to the stock exchange data. The issue was subscribed 3.86 times on the last day.

The issue opened for bidding on June 16, 2021, and it will close on June 18, 2021.

The price band for the IPO was set at Rs815-825 per share.

The IPO comprised fresh issue of shares aggregating up to Rs200cr and an offer for sale of up to 2,35,60,538 equity shares from promoters and existing shareholders.

The Equity Shares offered in this Offer are proposed to be listed on both BSE Limited (BSE) and the National Stock Exchange of India Limited (NSE) post the listing.

Kotak Mahindra Capital Company Limited, Axis Capital Limited, Credit Suisse Securities (India) Private Limited and IIFL Securities Limited are the Book Running Lead Managers to the Offer.

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