Shalby IPO subscribed nearly three times on last day - News Summed Up

Shalby IPO subscribed nearly three times on last day


The Shalby IPO comprised a primary share sale of Rs480 crore, while one of the existing shareholders was selling one million shares in a price band of Rs245-248 apiece. Photo: iStockMumbai: Indian hospital operator Shalby Ltd’s initial public offering (IPO) to raise Rs510 crore was subscribed 2.8 times on the last day of the sale on Thursday. Institutional investors bid for 4.5 times the number of shares reserved for them in the Shalby IPO, while the retail portion was subscribed 2.93 times, stock exchange data as of 6.00pm showed. The Shalby IPO comprised a primary share sale of Rs480 crore, while one of the existing shareholders was selling one million shares in the IPO in a price band of Rs245-248 apiece. Edelweiss, IDFC Bank and IIFL Holdings are managing the Shalby IPO.


Source: Mint December 07, 2017 06:56 UTC


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