The IPO of Birla Cotsyn was subscribed 0.34 times till Wednesday as per the NSE website. The issue received 2,40,89,100 bids, out of which 1,18,15,300 were received at the cut off price.
The qualified institutional buyers portion of 3,34,26,667 shares was subscribed 0.01 times, non institutional investor portion of 1,00,28,000 shares was subscribed 0.71 times and the retail portion of 2,33,98,667 was subscribed 0.33 times. The price band for the issue is Rs15 to Rs18 per share. The issue will close on July 4.
The company plans to utilize the IPO proceeds for setting up an textile integrated tetile unit along with a garment manufacturing plant at Khamgaon, Ghatanji and Makkapur in Maharastra.
The qualified institutional buyers portion of 3,34,26,667 shares was subscribed 0.01 times, non institutional investor portion of 1,00,28,000 shares was subscribed 0.71 times and the retail portion of 2,33,98,667 was subscribed 0.33 times. The price band for the issue is Rs15 to Rs18 per share. The issue will close on July 4.
The company plans to utilize the IPO proceeds for setting up an textile integrated tetile unit along with a garment manufacturing plant at Khamgaon, Ghatanji and Makkapur in Maharastra.
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