HG Infra Engineering’s Rs462 IPO will close for subscription on 28 February. Photo: iStockphotoMumbai: The Rs462 crore initial public offering (IPO) of Jodhpur-based HG Infra Engineering Ltd witnessed an overall subscription of 11% on Monday, the first day of the share sale, data from stock exchanges showed. On Friday, HG Infra raised Rs138.59 crore by selling shares to 11 institutional investors as part of its anchor book allocation. SBI Capital Markets Ltd and HDFC Bank Ltd are managing the HG Infra share sale. The IPO saw an overall subscription of 1.8 times on the last day of its share sale, while on the first day, it was subscribed 22%.

Source: Mint February 26, 2018 14:37 UTC