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Man Infra IPO subscribed 62 times
By
SiliconIndia,Monday, 22 February 2010, 22:33 Hrs
Mumbai: Man Infra Construction's initial public offering (IPO), which closed on Monday, was subscribed 62.53 times. This is highest number of times that an issue has been subscribed after the Reliance Power issue in January 2008, which was subscribed 72 times.
The issue, through which Man Infra planned to raise around
142 crore, received bids for 29 crore shares against the 46.53 lakh shares on offer. The price band for the issue was 243-252. The portion reserved for qualified institutional buyers was subscribed 96.06 times; that for high net worth individuals 104.57 times and retail 10.26 times.
A total of 9.72 lakh shares were subscribed to by eight anchor investors at 252 a share, raking in 24.49 crore. The anchor investors were Nomura Asset Management Singapore, Reliance Capital Trustee, Legg Mason Asia Enterprise, Monsoon India Inflection Fund, Axis Mutual Fund and India Diversified (Mauritius).
The issue, through which Man Infra planned to raise around
142 crore, received bids for 29 crore shares against the 46.53 lakh shares on offer. The price band for the issue was 243-252. The portion reserved for qualified institutional buyers was subscribed 96.06 times; that for high net worth individuals 104.57 times and retail 10.26 times.
A total of 9.72 lakh shares were subscribed to by eight anchor investors at
252 a share, raking in 24.49 crore. The anchor investors were Nomura Asset Management Singapore, Reliance Capital Trustee, Legg Mason Asia Enterprise, Monsoon India Inflection Fund, Axis Mutual Fund and India Diversified (Mauritius).
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