Mahanagar IPO subscribed 7.53 times

The Rs 1,040 crore issue received total bids for 13,,05,34, 250 shares, as against total issue size of 1,73,46,150 shares, according to NSE data.

Jun 23, 2016 12:06 IST India Infoline News Service

IPO
The initial public offering (IPO) of Mahanagar Gas recorded 7.53  times subscription. 
The Rs 1,040 crore issue received total bids for 13,,05,34, 250 shares, as against total issue size of 1,73,46,150 shares, according to NSE data.

The company had allotted 7,348,350 equity shares to 25 anchor investors at Rs 421 a share.

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