Join us on Whatsapp: +91 7977614821 OR Click here to directly join now!

Saturday, April 29, 2017

The S Chand IPO received bids for 45,72,01,910 shares against the total issue size of 76,85,284 shares.

The portion set aside for qualified institutional buyers (QIBs) was oversubscribed 44.02 times and non institutional investors was oversubscribed by a massive 206.03 times. Retail investors category was oversubscribed 6.11 times.

The above subscriptions resulted in the IPO getting oversubscribed by as much as 60 times on an overall basis

Proceeds from the issue will be utilised for repayment and prepayment of loans as well as for general corporate purposes. The loan amount includes those taken by its subsidiary for funding the acquisition of Chhaya Prakashani


Post a Comment

Indian IPO Blog Feed Subscribers

Enter your email address:

Delivered by FeedBurner

- Disclaimer / Terms of Use
- Privacy Policy

Subscribe via email

Enter your email address:

Delivered by FeedBurner

By visiting or accessing this Blog and any/all of its subdomains, you solemnly declare that you have read, understood and agree to - Disclaimer / Terms of Service
View our - Privacy Policy

Trending IPO News

Blog Archive

Feed Subscribers