The initial public offering (IPO) of Garuda Construction and Engineering has received 7.55 times on the final day of the share sale on Thursday.
The initial share sale received bids for 15,03,44,299 shares against 1,99,04,862 shares on offer, according to data available with the NSE.
The category meant for Retail Individual Investors (RIIs) got subscribed 10.81 times while the quota for non-institutional investors received 9.03 times subscription.
The portion for Qualified Institutional Buyers (QIBs) garnered 1.24 times subscription.
Garuda Construction and Engineering on Monday said it has raised Rs 75 crore from anchor investors.
It has fixed a price band of Rs 92-95 per share for its IPO.
The IPO is a mix of fresh issue of 1.83 crore equity shares and an offer of sale (OFS) of 95 lakh equity shares by promoter PKH Ventures.
The IPO size has been pegged at Rs 264 crore at the upper end of the price band.
Proceeds from its fresh issuance to the extent of Rs 100 crore will be u
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