TCNS Clothing IPO subscribed over 3 times on the last day

The price band has been fixed at Rs714-716 per share.

Jul 20, 2018 09:07 IST India Infoline News Service

TCNS Clothing IPO was subscribed 3.20 times on Day 3. The portion set aside for qualified institutional buyers (QIBs) was subscribed 10.84 times, non-institutional investors 0.71 times and retail investors at 0.25 times.

The price band has been fixed at Rs714-716 per share.

TCNS Clothing Company had raised over Rs337cr from anchor investors. Kotak Mahindra Capital Company and Citigroup Global Markets India are managing the issue.

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