Dilip Buildcon subscribed 70%, SP Apparels 12%

Dilip Buildon's IPO closes Wednesday, that of SP Apparels on Thursday

Dilip Buildcon's initial public offering (IPO) was subscribed 70 per cent on Tuesday, a day before its close.

The Bhopal-based infrastructure firm's IPO closes on Wednesday. The IPO is priced in the Rs 214-219 a share band.

The IPO consists of Rs 430 crore of fresh issue capital and another Rs 220 crore of offer for sale by existing shareholders, including BanyanTree Growth Capital.

Meanwhile, SP Apparels' Rs 200-crore IPO was subscribed 12 per cent on its first day.

The price band for the IPO of the apparel maker is Rs 258-268 a share. SP Apparels IPO will close on Thursday.