Om Freight IPO Subscribed on Day 1
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Om Freight Forwarders IPO fully subscribed on day one. IPO details, subscription status, and price range of Rs 128-135 per share.
Illustration: Dominic Xavier/Rediff.com
New Delhi, Sep 29 (PTI) The initial public offering (IPO) of Om Freight Forwarders Ltd, a logistics and freight forwarding company, got fully subscribed on the first day of share sale on Monday.
The Rs 122.3-crore IPO received bids for 1,09,96,659 shares against 79,16,945 shares on offer, translating into 1.39 times subscription, according to NSE data.
The portion meant for non-institutional investors garnered 4.03 times subscription. Qualified institutional buyers category got subscribed 1.10 times and retail individual investors portion received 54 per cent subscription.
The IPO has a fresh issue of up to Rs 24.43 crore and an offer for sale of up to 72,50,000 shares.
The IPO has a price range of Rs 128-135 per share.
Smart Horizon Capital Advisors is the book running lead manager to the offer.
The Rs 122.3-crore IPO received bids for 1,09,96,659 shares against 79,16,945 shares on offer, translating into 1.39 times subscription, according to NSE data.
The portion meant for non-institutional investors garnered 4.03 times subscription. Qualified institutional buyers category got subscribed 1.10 times and retail individual investors portion received 54 per cent subscription.
The IPO has a fresh issue of up to Rs 24.43 crore and an offer for sale of up to 72,50,000 shares.
The IPO has a price range of Rs 128-135 per share.
Smart Horizon Capital Advisors is the book running lead manager to the offer.
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