Prataap Snacks IPO oversubscribed 47 times
27/09/2017
Prataap Snacks' initial share sale offer to raise Rs 482 crore was oversubscribed more than 47 times at the close of bidding, reported PTI.
The initial public offer (IPO) received bids for 17,16,32,895 shares as against the total issue size of 36,27,518 shares, as per NSE data.
The category reserved for qualified institutional buyers (QIBs) was oversubscribed 77.58 times, non institutional investors, 101.52 and retail investors ,8.37 times, merchant banking sources said.
The IPO received over 9 lakh applications, they added.
Prataap Snacks last week had already garnered a little over Rs 143 crore from anchor investors.
The company's Rs 482-crore issue size includes Rs 200 crore through fresh equity issue and the rest from sale of 30,05,770 shares.
The issue is in a price band of Rs 930-938 per share.
The company, which makes products under the 'Yellow Diamond' brand, aims to use the proceeds to expand capacity, marketing and brand building activities and retire the debt on its books.
Edelweiss, JM Financial and Spark Capital are managing the issue.
27/09/2017
Click Below
Prataap Snacks' initial share sale offer to raise Rs 482 crore was oversubscribed more than 47 times at the close of bidding, reported PTI.
The initial public offer (IPO) received bids for 17,16,32,895 shares as against the total issue size of 36,27,518 shares, as per NSE data.
The category reserved for qualified institutional buyers (QIBs) was oversubscribed 77.58 times, non institutional investors, 101.52 and retail investors ,8.37 times, merchant banking sources said.
The IPO received over 9 lakh applications, they added.
Prataap Snacks last week had already garnered a little over Rs 143 crore from anchor investors.
The company's Rs 482-crore issue size includes Rs 200 crore through fresh equity issue and the rest from sale of 30,05,770 shares.
The issue is in a price band of Rs 930-938 per share.
The company, which makes products under the 'Yellow Diamond' brand, aims to use the proceeds to expand capacity, marketing and brand building activities and retire the debt on its books.
Edelweiss, JM Financial and Spark Capital are managing the issue.
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
