WebinarsNew
Deep DiveNew
Explore Business Standard
The initial public offering (IPO) of infrastructure company Technocraft Ventures Ltd received 2.59 times subscription on the first day of share sale on Friday. The company's IPO garnered bids for 2,15,61,120 shares against 83,17,190 shares on offer, as per NSE data. The category for qualified institutional buyers (QIBs) fetched 4.47 times subscription, while the quota for non-institutional investors received 3.80 times subscription. Retail investors portion got fully subscribed. Technocraft Ventures Ltd on Thursday raised Rs 75.55 crore from anchor investors. The company's IPO will conclude on August 11. It has fixed a price band of Rs 200-212 per share for the issue. The IPO comprises a fresh issue of up to 95.05 lakh equity shares and an offer for sale (OFS) of up to 23.76 lakh shares by promoter Kartikey Constructions. At the upper end of the price band, the total issue size works out to about Rs 251.88 crore. Of the fresh issue proceeds, Rs 150 crore will be used to fund the