PNC Infratech IPO subscribed over 1.5 times

The issue received bids for over 1.39 crore shares against the 90-odd lakh shares which were on offer. , while qualified institutional buyers' portion was subscribed over 4.5 times.

May 13, 2015 03:05 IST India Infoline News Service

The initial public offering (IPO) of PNC Infratech was subscribed by over 1.5 times on the last day of the issue.
The issue received bids for over 1.39 crore shares against the 90-odd lakh shares which were on offer. , while qualified institutional buyers' portion was subscribed over 4.5 times.
The portion reserved for non-institutional investors was subscribed 0.65 times.
The retail investors' portion got subscribed 0.28 times. 
The company launched its IPO with an aim to raise about Rs 488 crore from the equity markets.

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