TCNS Clothing IPO witnesses robust demand on Day 2

The Rs1,125cr-IPO received bids for 2.21cr shares against the total issue size of 1.10cr shares on offer, exchange data showed.

Jul 19, 2018 01:07 IST India Infoline News Service

Initial Public Offer, IPO
TCNS Clothing’s initial public offer saw robust demand on the second day of the offer on Thursday and was subscribed over 200%.

The Rs1,125cr-IPO received bids for 2.21cr shares against the total issue size of 1.10cr shares on offer, exchange data showed. 

QIB (Qualified Institutional Buyers) portion was the most sought-after and was subscribed over 600%, while NII (non-institutional investor) segment saw 0.05% subscription, and retail saw 0.06%.

The price band for the offer which closes on Friday, July 20, has been fixed at Rs714-716 per share. 

TCNS Clothing Company had raised over Rs337cr from anchor investors. 

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