Prince Pipes and Fittings IPO subscribed 2 times so far on last day of bidding
The initial public offer of Prince Pipes and Fittings was subscribed 2 times so far on the last day of bidding on Friday
-
The Rs 500-crore offer received bids for over 4 crore shares against the total issue size of 1.97 crore shares, according to data available with the NSE till 1530 hrs
-
Till Thursday, the initial public offer of Prince Pipes and Fittings was subscribed 74 percent.
-
The IPO, which opened for bidding on Wednesday, is in a price range of Rs 177-178 per share.
New Delhi: The initial public offer of Prince Pipes and Fittings was subscribed 2 times so far on the last day of bidding on Friday.
The Rs 500-crore offer received bids for over 4 crore shares against the total issue size of 1.97 crore shares, according to data available with the NSE till 1530 hrs.
Representational image. Reuters
Till Thursday, the initial public offer of Prince Pipes and Fittings was subscribed 74 percent.
The IPO, which opened for bidding on Wednesday, is in a price range of Rs 177-178 per share.
The pipes and fittings manufacturer earlier this week mopped up Rs 150 crore from anchor investors.
JM Financial and Edelweiss Financial Services are the managers to the offer.
Prince Pipes has manufacturing facilities in Dadra and Nagar Haveli, Uttarakhand, Maharashtra, Tamil Nadu and Rajasthan.
also read
MCX IPO gets bids worth Rs 18k cr, oversubscribed 54 times
The shares reserved for retail investors were over- subscribed seven times, while bids from institutional investors and HNIs were higher 3.7 times and 1.9 times, respectively last evening.
Prince Pipes and Fittings makes weak debut on bourses, shares tank over 10% from issue price of Rs 178
The Rs 500-crore initial public offer (IPO) of Prince Pipes and Fittings was subscribed 2.21 times.
Laxmi Organic IPO subscribed 2.28 times on first day of bidding; price band is Rs 129-130 per share
As of 5 pm on day one, the issue received 7,42,26,635 bids, against a total offer of 3,25,58,138 shares. The company is aiming to raise Rs 600 crore