Brigade Enterprise IPO Subscribed 11.46 Times

MUMBAI: The initial public offer of Brigade Enterprise was subscribed 11.46 times at close Thursday, as per NSE website.

The issue got bids for 19.04 crore shares as against 1.66 crore on offer. At cut off price, 1.55 crore bids were received.

The issue was in the price band of Rs 351 - Rs 390 per share. The shares are proposed to be listed on the BSE and NSE.

The primary objective of the issue is to fuel the future growth plans of Brigade Enterprise, including by way of acquisition of land, meeting construction and development costs for ongoing and forthcoming real estate projects and general corporate purposes.