CreditAccess Grameen IPO subscribed over 2 times on final day of bidding
The Rs 1,131-crore IPO received bids for 4,17,97,980 shares against the total issue size of 1,88,29,684 shares, data available with the NSE till 1930 hrs showed.
The portion set aside for qualified institutional buyers (QIBs) was subscribed 5.52 times, non institutional investors 98 per cent and retail investors 88 per cent, merchant banking sources said.
Price band for the offer, which opened for subscription on Wednesday, has been fixed at Rs 418-422 per share.
ICICI Securities, Credit Suisse Securities (India), IIFL Holdings and Kotak Mahindra Capital Company managed the issue.(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)