Electronics Mart IPO subscribed 72x on final day
时间:2024-06-28 23:26:21 阅读(143)
The initial public offering (IPO) of Hyderabad-based consumer durables retail chain Electronics Mart was subscribed 72 times as on 5 pm on Friday, the final day of the offer.
The portion reserved for qualified institutional buyers was subscribed 169.54 times and the same for wealthy or non-institutional investors was subscribed 63.59 times. The portion for retail investors was subscribed 19.71 times. The price band for the issue was Rs 56-59.
Also Read: Electronics Mart India IPO: Public issue closes on 7th Oct, check grey market premium; should you subscribe?
The offer consists of a fresh issue of shares aggregating to Rs 500 crore, with no offer for sale component. The company intends to utilise the net proceeds to fund capital expenditure and incremental working capital requirements to the extent of Rs 133.8 crore and Rs 200 crore, respectively, and repayment/prepayment of Rs 50 crore of debt besides general corporate purposes.
Anand Rathi Advisors, IIFL Securities and JM Financial were the book running lead managers to the issue.
上一篇:PDP chief Mehbooba Mufti escapes unhurt as car meets with accident in Anantnag
下一篇:Will Nifty rise in trade or slip below 18300- Check 7 things to know before share market opens
猜你喜欢
- Petrol and diesel price May 17- Fuel cost unchanged; Check prices in Delhi, Mumbai, other cities here
- Across the aisle P Chidambaram- It’s Happy New Year for some
- A slightly rosier picture
- Petrol and diesel price July 7- Fuel rates unchanged; Check prices in Delhi, Mumbai, other cities here
- OnePlus 12R to feature the biggest battery on a OnePlus ever; display to be wicked fast
- MCX gold glitters in turmoil, will the rally continue-
- On the spot with Barin Mukherjee, CEO, Digital Refresh Networks
- Paytm share price down 72% since listing; will it rebound- JP Morgan, Morgan Stanley optimistic; check calls
- Adani shares still under pressure; group firms lose $125-bn macp since January 24