The Rs 480-crore provide had acquired bids for 97,93,625 shares towards 60,54,054 shares on provide, as per NSE knowledge.
The class for non-institutional buyers acquired 2.97 occasions subscription, whereas the portion for Qualified Institutional Buyers (QIBs) was subscribed 1.74 occasions and Retail Individual Investors’ (RIIs) 96 per cent.
The shares of the corporate shall be listed on each BSE and NSE on July 4.
The IPO had a contemporary situation aggregating up to Rs 150 crore and a suggestion of sale of up to Rs 330 crore.
The value vary for the provide was Rs 555-585 a share.
The firm has proposed to utilise the online proceeds of the contemporary situation for funding working capital necessities and different normal company functions.
Aryaman Financial Services was the supervisor of the provide.
(With Agency Inputs)
