Apparels witnessed 12% subscription today on the first day of the issue. New Delhi: The initial public offering (IPO) of garments maker S.P. The company, on Tuesday, raised nearly Rs.72 crore from anchor investors by selling shares 26.76 lakh shares at a price of Rs.268 apiece. The IPO received bids for over 7.97 lakh shares as against more than 65.56 lakh on offer till 5pm on Tuesday, as per the information available with the National Stock Exchange (NSE). The limit reserved for retail investors was subscribed 9% while non-institutional quota witnessed a subscription of 4%, the data showed.

Source: Mint August 02, 2016 12:45 UTC