The initial public offering of Nu Tek India was subscribed 0.54 times on Thursday, as per the NSE website. The issue will close on August 1. The issue has a price band of Rs 170 to Rs 192 per share.
The public issue portion received 24,28,830 bids whereas around 79,050 bids were received at the cut off price. The qualified institutional buyers' portion was subscribed 0.67 times, non-institutional investor portion was subscribed 0.32 times, retail portion was subscribed 0.01 times and the employee portion did not receive any subscription.
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.
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 public issue portion received 24,28,830 bids whereas around 79,050 bids were received at the cut off price. The qualified institutional buyers' portion was subscribed 0.67 times, non-institutional investor portion was subscribed 0.32 times, retail portion was subscribed 0.01 times and the employee portion did not receive any subscription.
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.
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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