Capacit'e Infraprojects IPO subscribed 182 times on Day 3

11.4-mn share offering received bids for 2.08 bn shares, worth around Rs 52,000-cr

The Rs 400-crore IPO of Capacit'e Infraprojects, a construction firm focused on high-rise residential buildings, garnered a whopping 182 times subscription.

The 11.4-million share offering received bids for 2.08 billion shares, worth around Rs 52,000 crore. Market players said the high subscription was on the expectation of listing day gains.

Shares of the company were commanding a premium of over 50 per cent in the grey market.

The high net-worth individual (HNI) portion of the issue saw 638 times more demand than shares on offer. Investors in this category bet with leveraged money, in order to