Resurgere Mines & Minerals India's IPO was subscribed 1.15 times on the last day of the offer i.e. on Wednesday, as per the NSE website.
The company received 51,25,020 bids, out of which around 3,94,380 bids were received at the cut-off price.
The qualified institutional buyer's portion got subscribed 0.98 times, the non-institutional investors was subscribed 0.70 times, retail investors portion subscribed 0.02 times and the employee portion was subscribed 0.10 times.
The price band of the issue has been fixed between Rs 263 to Rs 272, and it closes on August 13.
The company plans to utilize the IPO proceeds for purchasing plant and machinery and purchase railway rakes to set up own logistics infrastructure facilities and funding working capital requirements.
The company received 51,25,020 bids, out of which around 3,94,380 bids were received at the cut-off price.
The qualified institutional buyer's portion got subscribed 0.98 times, the non-institutional investors was subscribed 0.70 times, retail investors portion subscribed 0.02 times and the employee portion was subscribed 0.10 times.
The price band of the issue has been fixed between Rs 263 to Rs 272, and it closes on August 13.
The company plans to utilize the IPO proceeds for purchasing plant and machinery and purchase railway rakes to set up own logistics infrastructure facilities and funding working capital requirements.
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