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Capacit'e Infra IPO fully subscribed on first day of sale

Capacit'e is selling new shares in a price range of Rs 245 to Rs 250 apiece

Reuters  |  Mumbai 

Indian construction company Capacit'e Infra Projects Ltd's initial public offering, to raise up to Rs 400 crore ($63 million), was fully subscribed on the first day of the sale, stock exchange data showed. Capacit'e, which builds residential and commercial buildings, is selling new shares in a price range of Rs 245 to Rs 250 apiece in the sale which closes on Friday. The IPO received bids for 14.8 million shares, or 1.3 times the 11.4 million on offer, stock exchange data as of 1400 GMT showed. Anchor investors have already subscribed to Rs 120 billion rupees' ...

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First Published: Wed, September 13 2017. 22:22 IST
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