Latest News | Sah Polymers IPO Subscribed 17.46 Times on Last Day
Get latest articles and stories on Latest News at LatestLY. The initial public offer of Sah Polymers was subscribed 17.46 times on the last day of subscription on Wednesday.
New Delhi, Jan 4 (PTI) The initial public offer of Sah Polymers was subscribed 17.46 times on the last day of subscription on Wednesday.
The initial share-sale received bids for 9,79,44,810 shares against 56,10,000 shares on offer, as per data available with the NSE.
The Retail Individual Investors (RIIs) part was subscribed 39.78 times, the category for non-institutional investors received 32.69 times subscription and Qualified Institutional Buyers (QIBs) 2.40 times.
The Initial Public Offer (IPO) had a fresh issue of 1.02 crore equity shares.
Also Read | ITR Filing: Know How To File Income Tax Returns Online, A Step-By-Step Guide.
Price range for the offer was at Rs 61-65 a share.
Pantomath Capital Advisors was the manager to the offer.
The Udaipur-based company provides tailored bulk packaging solutions to business-to-business producers in a variety of industries, including agro pesticides, basic drugs, cement, chemicals, fertilisers, food products, textiles, ceramics, and steel.
The equity shares are proposed to be listed on the BSE and NSE.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)