Nu Teck India IPO got subscribed 0.14 times shares on the first day of offer on Tuesday. The offer would close on August 1.
The issue received bids over 6.07 lakh shares against 45 lakh shares on offer, as per the data available on the National Stock Exchange. The qualified institutional buyers got subscribed 27% while the non institutional portion did not receive any subscription and the retail portion was marginally subscribed.
The price band of the issue has been fixed between Rs 170 and 192. The public issue of 45 lakh shares of Rs 10 each, comprises of fresh issue of 3.5 lakh equity shares and an offer for sale of 10 lakh shares.
CRISIL has been assigned an IPO grade of 3 out of 5 for the issue.
The shares of the company would be listed on Bombay Stock Exchange and National Stock Exchange. The book running lead manager to the issue are SPA Merchant Bankers and India Info line.
The company intends to utilize the IPO proceeds to meet capital expenditure cost along with overseas acquisitions and augmenting the long term working capital requirement.
The issue received bids over 6.07 lakh shares against 45 lakh shares on offer, as per the data available on the National Stock Exchange. The qualified institutional buyers got subscribed 27% while the non institutional portion did not receive any subscription and the retail portion was marginally subscribed.
The price band of the issue has been fixed between Rs 170 and 192. The public issue of 45 lakh shares of Rs 10 each, comprises of fresh issue of 3.5 lakh equity shares and an offer for sale of 10 lakh shares.
CRISIL has been assigned an IPO grade of 3 out of 5 for the issue.
The shares of the company would be listed on Bombay Stock Exchange and National Stock Exchange. The book running lead manager to the issue are SPA Merchant Bankers and India Info line.
The company intends to utilize the IPO proceeds to meet capital expenditure cost along with overseas acquisitions and augmenting the long term working capital requirement.
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