According to NSE data in the initial share sales, 53,77,320 stocks were bid, which is against 1,33,65,710 shares on the offer.
Retail personal investors (RIIS) received 69 percent subscription in the category, while non-institutional investors quota was subscribed to 27 percent. Eligible institutional buyers (QIBS) part received a 5 percent subscription.
On Wednesday, Indogulf Croppsein said it had earned more than Rs 58 crore from anchor investors.
200 crores will expire on June 30 on June 30 (IPO). The price band has been fixed at Rs 105-111 per share.
IPO is Rs. 160 crore equity shares and promoter Om Prakash Agarwal (HUF) and Sanjay Agarwal (HUF) are a combination of new issues of equity shares for sale up to 36.3 lakh.
Revenue up to Rs 65 crore from the latest issues will be used to fund the working capital requirements, Rs. 34.12 crore, 14 crore for its capital costs and for general corporate purposes.
Indogulf Croppaceans, crop protection products, plant nutrients and biological production are engaged in the production business in 1993.
The company’s shares will be listed on BSE and NSE.
Systematics Corporate Services is the only book running lead manager, and Bigasher services are the registrar of this issue.
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