New Delhi, Sep 28 (PTI) The initial public offer of state-owned Garden Reach Shipbuilders & Engineers has been fully subscribed Friday.Also Read - India vs England Highlights T20 World Cup Warm-Up Match: Ishan Kishan, KL Rahul Guide India to a 6-Wicket Victory Over England
The Rs 345-crore IPO received bids for 2,95,85,400 shares against the total issue size of 2,92,10,760 shares, reflecting 1.01 times subscription, data available with the NSE showed. Also Read - Only To Curb Trans-Border Crimes: BSF Says Jurisdiction Increased For CrPC Act, Passport Act
The category reserved for qualified institutional buyers (QIBs) was subscribed 1.81 times, non institutional investors 30 per cent and retail investors 23 per cent. Also Read - SAFF Championship 2021 Match Highlights India vs Bangladesh Match 3 Today Football Updates: 10-Man Bangladesh Earn a Hard-Fought 1-1 Draw Over India
“BRLM (Book Running Lead Managers) to the Garden Reach Shipbuilders & Engineers Limited issue, has informed the exchange that the issue closure date has been extended up to 01 October, 2018. Price band has been revised from Rs 115-118 to Rs 114-118 per share,” according to an update on NSE.
The earlier issue closure date was September 26.
IDBI Capital Markets & Securities Limited and YES Securities (India) Limited are managing the issue.
Garden Reach is a ship building company under the administrative control of the Defence Ministry.
It has also built India’s first indigenous warship — the INS Ajay — in 1961, as per the company’s website.
This is published unedited from the PTI feed.