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77.49 times subscribed on the last day of Tarsons products’ ipo

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77.49 times subscribed on the last day of Tarsons products’ ipo

New Delhi, Nov 17 (PTI) The initial public offering (IPO) of Tarsons Products Ltd was subscribed 77.49 times on the last day on Wednesday.

According to NSE data, 1,08,44,104 shares were offered in the Rs 1,023.84 crore IPO, against which bids were received for 84,02,81,684 shares.

The non-institutional investors category was subscribed 184.58 times, Qualified Institutional Buyers (QIBs) subscribed 115.77 times and Retail Individual Investors (RIIs) subscribed 10.56 times.

Under the IPO, a fresh issue of Rs 150 crore was placed while 1,32,00,000 equity shares were offered for sale.

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