Capacit'e Infraprojects IPO oversubscribed 4.62 times on Day 2

The company's IPO will close on Friday

The initial share sale offering of construction firm Capacit'e Infraprojects was oversubscribed 4.62 times on the second day of bidding today.

Capacit'e Infraprojects' Rs 400 crore initial public offer (IPO) received bids for 5,27,95,800 shares against the total issue size of 1,14,28,572 shares, data available with the NSE showed.

The portion set aside for qualified institutional buyers (QIBs) was oversubscribed 5.53 times, non-institutional investors 28 per cent and retail individual investors 5.96 times.

Capacit'e Infraprojects on Tuesday raised Rs 120 crore from anchor investors.

The company's IPO will close tomorrow. The price band has been fixed at Rs 245-250 apiece.

Proceeds of the issue will be utilised for funding working capital requirements, purchase of capital assets and general corporate purposes.

Axis Capital, IIFL Holdings and Vivro Financial Services are the book running lead managers to the issue.

The equity shares are proposed to be listed on the BSE and National Stock Exchange.