 "SP Apparels' IPO subscribed 2.65 times")
SP Apparels' initial public offering (IPO) received tepid response with the offering seeing just two times more demand than shares on offer. The institutional investor segment was subscribed 2.2 times, high networth individual segment was subscribed 5.1 times and retail category garnered just 1.9 times subscription.
The price band for the IPO was Rs 258-268 per share. The apparel manufacturer has raised around Rs 215 crore from the IPO. The proceeds will be used for repayment of debt, setting up of new manufacturing facilities and setting up of new stores.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app