Braving the present adverse market sentiment relating to primary issues, the maiden offering by IRB Infrastructure Developers has sailed through comfortably. At the close of the book building process, the IRB Infra issue was subscribed 4.3 times. Compared to 5.1 crore shares on offer, total demand was for nearly 22 crore shares, NSE data showed.
On the other hand, Wockhardt Hospitals decided to extend the issue closure day by two days, to February 7 now. The offering for Emaar MGF Land, another big-size initial public offer, is set to close on Wednesday.
In the IRB Infra issue, what's interesting is that the company went ahead with its pre-issue price band of Rs 185-220 per share.
In the IRB Infra offering, the institutional portion was subscribed 6.4 times and the high networth individuals (HNI) 1.6 times. Retail and employee portions were also fully subscribed. Deutsche Equities India is the book running lead manager (BRLM) while Kotak Mahindra Capital Co is Co-BRLM for the issue.
IRB Infra's works involve building roads and highways.
http://timesofindia.indiatimes.com/
No comments:
Post a Comment