The institutional investor category was subscribed 9.75 times, receiving bids for 60.5 million shares. On Friday, Dilip Buildcon raised Rs.196.19 crore by allotting shares to anchor investors. Mumbai: The Rs.664 crore initial public offering (IPO) of construction and road developing company Dilip Buildcon Ltd attracted bids for 20.91 times the number of shares on offer, stock exchange data showed. The anchor book is that portion of an IPO which bankers allot to institutional investors on a discretionary basis. At the end of the last day of the three-day offering, the IPO attracted bids for more than 446.82 million shares, compared with an issue size—excluding the anchor book—of 21.36 million shares.

Source: Mint August 03, 2016 08:52 UTC