Electronics Mart IPO subscribed 72x on final day
时间:2024-06-26 12:26:54 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:Federal Bank’s arm Fedfina, IREDA get nod from Sebi to float IPOs
下一篇:World welcomes 2023! Sydney’s stunning fireworks to Delhi’s dazzling India Gate – See top pics
猜你喜欢
- NSE F&O ban- GNFC, Delta Corp and others under ban on Tuesday, December 13, 2022
- F&O expiry- Nifty to trade in 18200-17700, OI signals support at 38000 for Bank Nifty; check trading strategy
- Fairfax weighing Bangalore Airport IPO at $3
- Buy these two stocks for gains while Nifty, Bank Nifty structures remain bearish
- Oil prices rise amid fears over escalating tensions in Middle East
- Firms get flexibility on borrowing via bonds
- Firms likely to raise 70K; IPOs pipeline will continue to be strong in 2024
- NSE Bulk deals, December 26- TEMBO, AHL, ATALREAL and other major deals that took place on Monday
- F&O watch- Nifty to generate profits if closes in 16,150-16,350 range; Bank Nifty remains positive