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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 

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

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, 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 received bids for 14.8 million shares, or 1.3 times the 11.4 million on offer, data as of 1400 GMT showed. Anchor investors have already subscribed to Rs 120 billion rupees' worth of shares.

Axis Capital, and are the banks managing the

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