Categories: Business

IPO latent views see a 339x subscription

Mumbai: The initial public offering of Rs 600-Crore (IPO) for, data and analytical consulting companies, subscribing to 339 times, making it the most subscribed IPO in India.
The best before was 304 subscribing to the IPO Paras Defense, which was registered on October 1, section 124 times, BSE data showed.
The employee section subscribes four times, it shows.
In the anchors, a company based in Chennai has collected Rs 267 Crore.
Stocks are offered within RS 190-197 per-shares.
At the size of the IPO after the anchor of RS 332 Crore, a latent subscription 339 times meant that the total demand for its shares was worth around Rs 1.13 Lakh Crore.
Axis Capital, Haitong Securities India and Icici Securities Manage offers.
In terms of subscription numbers, numbers for latent views and parag defenses are followed by salzal technology with 273 times, the Apollo micro system with a subscription 249 times and astron paper with a subscription 242 times, data from trader bankers shows.
During the day, Fino Payment Bank, one of the pioneering microfinance institutions transformed into a payment bank, registered at RS 548, 5% discount for RS 577 offer price per share.
Late at night, Tarsons Products, a company engaged in the production of materials used in the laboratory, said that he had allocated shares worth Rs 306 Crore to the anchor investor clutch in front of the IPO.
This offer will remain open between November 15 and 17.

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