Ashoka Buildcon IPO bid 90% on Opening Day

Ashoka Buildcon IPO has been subscribed 0.90 times on an overall basis on its opening day. However, this is chiefly on support from HNI Category, which is overbid 4.52 times. The QIB and Retail Categories are bid 0.58 times and 0.14 times respectively with the Employees part getting bid 0.70 times till Day 1


Ashoka Buildcon Limited, a Nashik based construction company, is engaged in the business of building and operating roads and bridges in India. Ashoka Buildcon is the operator of highest number of toll-based BOT (build, operate and transfer) projects in India

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