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MSTC IPO gets fully subscribed on Day 3

The IPO by Miniratna MSTC got fully subscribed on the final day of the offer on Friday. The issue received bids for 1,90,49,220 shares which was 1.08 times of the total issue size of 1,76,70,400. The Qualified Institutional Buyers (QIBs) quota was subscribed by 0.79 times, Non Institutional Investors (NII) 1.69 times and retail 2.60 times. At the upper price band of Rs 121-128 per share, the issue size stands at Rs 226 crore. 


Read More at The Economic Times News date : 15 Mar 2019, Friday

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