32% subscription on the first day of the initial public issue of sunsera engineering

32% subscription on the first day of the initial public issue of sunsera engineering

New Delhi, Sep 14 (PTI) Vehicle parts maker Sunsera Engineering Ltd. Its initial public offering (IPO) got 53 per cent subscription on Tuesday, the first day of bid opening.

As per the data available with the National Stock Exchange, bids were received for 64,18,880 shares while the offer was for 1,21,09,166 shares.

The eligible institutional buyers category received 29 per cent subscriptions while the non-institutional investors category saw 7 per cent subscriptions. The retail investors category has got 87 per cent subscription.

The price range for the IPO is Rs 734-744 per share.

The Bangalore-based company on Monday raised Rs 382 crore from large anchor investors.

#subscription #day #initial #public #issue #sunsera #engineering

See also  Modi announced a national mission to make the country self-reliant in the field of edible oils

Leave a Comment

close
%d bloggers like this: